Global Pvc Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Rigid PVC, Flexible PVC, Low-smoke PVC, and Chlorinated PVC.

By System;

Calcium-based Stabilizers (Ca-Zn Stabilizers), Lead-based Stabilizers (Pb Stabilizers), Tin and Organotin-based (Sn Stabilizers) and Barium-based, and Others (Liquid Mixed Metals).

By Application;

Pipes and Fittings, Film and Sheets, Wire and Cables, Bottles, Profiles, Hoses and Tubings, and Other Applications.

By End-User Industry;

Building and Construction, Automotive, Electrical and Electronics, Packaging, Footwear, Healthcare, and Other End-user Industries.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn778381396 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Pvc Market (USD Million), 2021 - 2031

In the year 2024, the Global Pvc Market was valued at USD 59,758.93 million. The size of this market is expected to increase to USD 80,780.45 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.

The global PVC (Polyvinyl Chloride) market has experienced significant growth over the past few decades, driven by its extensive applications across various industries. PVC is a versatile plastic commonly used in construction, automotive, packaging, electrical, and healthcare industries due to its durability, low cost, and ease of processing. Its popularity in the construction industry, particularly for pipes, windows, and doors, has been a primary growth driver, attributed to the material’s resistance to weathering, chemical rotting, corrosion, and abrasion.

Technological advancements and innovations in PVC production and formulation have further propelled market expansion. The development of bio-based PVC and improvements in recycling processes address environmental concerns, enhancing the material's sustainability profile. Moreover, the rising demand for lightweight and high-performance materials in automotive and packaging industries has spurred the adoption of PVC, owing to its ability to reduce vehicle weight and improve fuel efficiency, as well as its effectiveness in protecting goods during transportation.

Regionally, Asia-Pacific dominates the global PVC market, with China and India being the major contributors due to their booming construction and infrastructure sectors. North America and Europe also hold significant market shares, supported by robust industrial activities and technological advancements. However, the market faces challenges such as fluctuating raw material prices and stringent environmental regulations, prompting industry players to invest in sustainable practices and explore alternative raw materials to ensure continued growth and compliance.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By System
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-User Industry
    5. Market Snapshot, By Region
  4. Global Pvc Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand in construction and infrastructure
        2. Growth in automotive and packaging industries
        3. Rising urbanization and industrialization
        4. Technological advancements and innovations
      2. Restraints
        1. Environmental concerns and regulations
        2. Fluctuating raw material prices
        3. Availability of alternatives
        4. Health hazards associated with PVC
      3. Opportunities
        1. Emerging markets and expanding applications
        2. Development of bio-based PVC
        3. Recycling and sustainability initiatives
        4. Advancements in manufacturing processes
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Pvc Market, By Type, 2021 - 2031 (USD Million)
      1. Rigid PVC
      2. Flexible PVC
      3. Low-smoke PVC
      4. Chlorinated PVC
    2. Global Pvc Market, By System, 2021 - 2031 (USD Million)
      1. Calcium-based Stabilizers (Ca-Zn Stabilizers)
      2. Lead-based Stabilizers (Pb Stabilizers)
      3. Tin and Organotin-based (Sn Stabilizers)
      4. Barium-based and Others (Liquid Mixed Metals)
    3. Global Pvc Market, By Application, 2021 - 2031 (USD Million)
      1. Pipes and Fittings
      2. Film and Sheets
      3. Wire and Cables
      4. Bottles
      5. Profiles, Hoses and Tubings
      6. Other Applications
    4. Global Pvc Market, By End-User Industry, 2021 - 2031 (USD Million)
      1. Building and Construction
      2. Automotive
      3. Electrical and Electronics
      4. Packaging
      5. Footwear
      6. Healthcare
      7. Other End-user Industries
    5. Global Pvc Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. SABIC
      2. Westlake Chemical Corporation
      3. Formosa Plastics Corporation
      4. LG Chem
      5. BASF SE
      6. INEOS Group Holdings
      7. Shin-Etsu Chemical Co., Ltd.
      8. Dow Chemical Company
      9. Vinnolit GmbH & Co. KG
      10. China National Chemical Corporation
  7. Analyst Views
  8. Future Outlook of the Market