According to a new market report published by Lucintel, the future of the polyvinylchloride (PVC) compound market is promising with opportunities in the electrical and electronics, building and construction, packaging, automotive industries. The PVC compound market is expected to reach an estimated $15 billion by 2024 with a CAGR of 5.4% from 2019 to 2024. The major drivers for this market are growth in building and construction activities and increasing demand for consumer electronics.
Browse 94 market data tables and 124 figures spread through 200 pages and in-depth TOC on “PVC Compound Market"
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In this market, different types of PVC compound such as film and sheet, wire and cable, pipe and fitting, flooring, profile and tubes, and others are used as application. On the basis of comprehensive research, Lucintel forecasts that the film and sheet segment will remain the largest application by value and volume due to increasing demand of food packaging in the emerging nations. Lucintel predicts that flooring application is expected to witness the highest growth during forecast period due to growth in luxury vinyl tile (LVT) market.
Within this market, PVC compound for electrical and electronics is expected to remain the largest end use industry and it is also expected to witness the highest growth during the forecast period due to growth in wire & cable and consumer electronics market.
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Asia Pacific (APAC) is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to increasing demand for pipe & fitting, wire & cable, and profiles.
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An emerging trend, which has a direct impact on the dynamics of the PVC compound industry, includes development of molecular orientation technology for efficient, environment- friendly, and cost- efficient high pressure PVC water pipe. Westlake, INEOS, Mexichem, Formosa Plastics, PKN Orlen, Ercros, Teknor Apex, Benvic, Aurora Plastics, and Roscom and others are among the major PVC compound manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the PVC compound market by application, end use, product type, manufacturing process, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the PVC Compound Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the PVC compound market by application, end use, product type, manufacturing process, and region as follows:
By End Use Industry (Volume (KT) and $M shipment analysis from 2013 to 2024):
- Electrical and Electronics
- Building and Construction
- Packaging
- Automotive
- Others
By Application (Volume (KT) and $M shipment analysis from 2013 to 2024):
- Film and Sheet
- Wire and Cabling
- Pipe and Fitting
- Flooring
- Profiles and Tubes
- Others
By Product Type (Volume (KT) and $M shipment analysis from 2013 to 2024):
- Rigid PVC
- Flexible PVC
By Manufacturing Process (Volume (KT) and $M shipment analysis from 2013 to 2024):
- Injection Molding
- Extrusion
- Others
By Region (Volume (KT) and $M shipment analysis from 2013 to 2024):
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 200-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pvc-compound-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the PVC compound market by application (film and sheet, wire and cable, pipe and fitting, flooring, profile and tubes, and others), end use (electrical and electronics, building and construction, packaging, automotive, and others), product type (rigid, and flexible PVC), manufacturing process (injection molding, extrusion, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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