Global polyvinyl chloride (PVC) market is expected to register considerable growth owing to increasing demand for rigid PVC in applications such as tubes, pipes and fittings. Increasing construction spending in emerging markets such as Brazil, China and India is expected to fuel the market growth over the forecast period. Increasing application of PVC in automotive and medical devices may positively impact the market over the next six years. PVC is widely used to manufacture pipes, wires, sheets, films, cables and bottles which find application in various end-use industries such as building & construction, electrical & electronics, transportation and packaging.
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Over the last few years, the market has witnessed downturn in demand owing global recession of 2009 which impacted the growth of critical industries such as construction, transportation and electronics. Furthermore, the global recession had an impact on the prices of PVC which faltered due to low demand in major markets such as North America and Europe. Recovery of end-use industries in North America and Europe is expected have a positive impact on the market. Civil unrest in Middle East has hindered the crude oil prices which adversely affected feedstock prices. Fluctuating raw material prices have resulted in volatility in PVC prices. Rising environmental concerns regarding presence of phthalate plasticizers and low degradation rate of PVC pose threat to the market. However, increasing R&D for development of bio-based PVC is expected to hold opportunities for market participants.
Application segments analyzed in the report include construction, packaging, electrical & electronics, consumer goods and transportation. Increasing use of PVC by car...