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At 5.6% CAGR, Global Polyvinyl Chloride (PVC) Market Size & Share to Surpass USD 101.45 Billion By 2028: Industry Trends, Forecast Report by Zion Market Research – PR Newswire

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Mar 29, 2022, 07:30 ET
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NEW YORK, March 29, 2022 /PRNewswire/ — As per Zion Market Research study, PVC industry gathered revenue worth about US$ 78.90 billion in 2021 and is slated to accumulate returns of approx. US$ 101.45 billion by 2028. In addition to this, Polyvinyl Chloride (PVC) Market is set to register CAGR of nearly 5.6% in 2022-2028. Apparently, surge in PVC market size over forecasting timeline is due to massive use of PVC in packaging activities. In addition to this, use of PVC in carpet backing and biomedical applications will proliferate market size. Reportedly, PVC is third most extensively produced synthetic plastic polymer across globe with nearly 21 million tons of PVC produced annually. Since last five decades, PVC exhibited ability of fulfilling demand for single use pre-sterilized medical component in healthcare sector. Furthermore, use of PVC as substitute product for glass and rubber will drive business space. Massive use of PVC in construction activities will prop up progression of PVC market in upcoming years.
Zion Market Research published the latest report titled as "PVC Market- By Product Type (Rigid PVC and Flexible PVC) and By Application (Pipes & Fittings, Wires & Cables, Films & Sheets, and Bottles): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028." into their research database.
PVC Market: Overview
Poly vinyl chloride is a polymer in which over half content by weight comprises of chlorine. The compound is manufactured by vinyl chloride monomer polymerization. It is available in rigid and flexible forms. Additionally, PVC is extensively utilized plastic resin in medical equipment and nearly one-fourth of all plastic medical components are made up from PVC.  The compound exhibits high chemical resistance & stability and it is compatible with blood bag & drug delivery applications. The compound formulations demonstrate toughness and strength. Moreover, the product can be utilized in different kinds of temperatures and also maintains flexibility as well as durability at reduced temperatures.
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Industry Dynamics:
PVC Market: Growth Dynamics
Growth of PVC market over forecasting timeline is owing to reduced costs and high performance that it imparts to plastics. In addition to this, large amount of plasticizers are utilized for minimizing rigidity and this can result in massive market demand. Furthermore, PVC flooring is ease to deploy, can be recycled, can be easily cleaned, and has ability to improve visual appeal of room. Moreover, the compound is utilized in roofing across building & construction sector. Additionally, the compound is utilized in various sectors due to requirement of low maintenance and durability.
Apparently, rise in spending capacity and increase in allocation of funds for construction sector will scale up size of PVC market in ensuing years. Large-scale use of poly vinyl chloride in selective packaging for medical equipment and apparatus will embellish market trends. Apart from this, bottle sleeving and electronic & consumer product packaging demand will boost scope of PVC industry in ensuing years.
Directly Purchase a Copy of the Report @ https://www.zionmarketresearch.com/buynow/su/pvc-market
Pipes & Fittings Segment To Lead Application Landscape By 2028
Growth of pipes & fittings segment over forecasting period is owing to large-scale usage of PVC in pipes & fittings in building constructions. In addition to this, thriving commercial & household sectors will boost segmental surge in upcoming years.
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List of Key Players of PVC Market:
Key Industry Insights & Finding of the PVC Market Reports:
Key questions answered in this report:
Report Scope:
Report Attribute
Details
Market size value in 2021
USD 78.90 Billion
Revenue forecast in 2028
USD 101.45 Billion
Growth Rate
CAGR of almost 5.6% 2022-2028
Base Year
2020
Historic Years
2016 – 2021
Forecast Years
2022 – 2028
Segments Covered
By Product Type, By Application, and By End Use
Forecast Units
Value (USD Billion), and Volume (Units)
Quantitative Units
Revenue in USD million/billion and CAGR from 2022 to 2028
Regions Covered
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered
Occidental Petroleum Corporation, Kem One, Vinnolit GmbH & Co. KG, Shin-Etsu Chemical Co. Ltd , Xinjiang Zhongtai Chemical Co. Ltd., Mexichem S.A.B. de C.V., Formosa Plastics Group, INEOS Group Ltd, Solvay S.A., and AXIALL Corporation.
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope
Avail customized purchase options to meet your exact research needs.  
https://www.zionmarketresearch.com/custom/150
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Regional Dominance:
Asia Pacific PVC Market To Expand Leaps & Bounds Over 2022-2028
Expansion of regional market in next six years is due to rise in production of compound in countries such as China. A prominent increase in population of sub-continent and surging urbanization will steer growth of regional market over forecasting years. Presence of giant manufacturers in Asia Pacific zone will promote growth of Asia Pacific PVC industry in ensuing years.
Global PVC Market is segmented as follows:
 PVC Market: By Product Type Outlook (2022-2028)
PVC Market: By Application Outlook (2022-2028)
PVC Market: By Region Outlook (2022-2028)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Press Release For PVC Market: https://www.zionmarketresearch.com/news/pvc-market-growth-to-reach-escalating-heights-through
Browse Other Related Research Reports from Zion Market Research
Browse through Zion Market Research’s coverage of the Global Chemical & Materials Industry
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About Us
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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SOURCE Zion Market Research
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