The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The poly-vinyl chloride (PVC) market has experienced robust growth, with a market size reaching $89.94 billion in 2023 and projected to surge to $97.4 billion in 2024, boasting a compound annual growth rate (CAGR) of 8.3%. This growth has been significantly influenced by various industries, such as construction, packaging, electrical and electronics, and automotive applications.

Looking Ahead: A Strong Forecast

Anticipating continued growth, the poly-vinyl chloride market is expected to expand further, reaching $133.39 billion in 2028 at a CAGR of 8.2%. This surge is attributed to sustainability initiatives, urbanization, infrastructure development, renewable energy, and advanced healthcare devices. Notable trends in the forecast period include the rise of recyclable and bio-based PVC, phthalate-free formulations, digital printing on PVC, and the emergence of smart materials.

PVC’s Vital Role in Fueling Agricultural Growth

The Agriculture Sector’s Impact

The growing demand in the agriculture sector is poised to be a significant driver for the poly-vinyl chloride market. The agriculture sector encompasses activities involved in the production, cultivation, processing, and distribution of agricultural products. PVC pipes and fittings play a crucial role in irrigation systems, offering durability and corrosion resistance. As an illustration, the UK economy benefited by $13.67 billion from agriculture in 2021, highlighting a rise of $1.1 billion (8.9%) from 2020.

Market Boost from Agriculture

The increasing demand in the agriculture sector is propelling the poly-vinyl chloride market forward. PVC’s role in irrigation systems, given its durability and corrosion resistance, is instrumental in supporting the agricultural sector’s growth. This is evident in the positive economic impact observed in the UK, where agriculture contributed $13.67 billion in 2021, marking an 8.9% increase from the previous year.

View More On The Poly-Vinyl Chloride Market Report 2024 – https://www.thebusinessresearchcompany.com/report/poly-vinyl-chloride-global-market-report

Innovative Advancements in the Poly-Vinyl Chloride Market

Striving for Sustainability

Major companies operating in the poly-vinyl chloride market are making significant strides in innovation, aiming for sustainable solutions. One notable product is the GreenVin polyvinyl chloride (PVC), introduced by Germany-based chemical company Vinnolit in November 2021. GreenVin is a low-carbon substitute for conventional PVC, finding applications in building, healthcare, and automobiles. This innovation aligns with the versatility of PVC, which is commonly used in door and window profiles, pipes, cable insulation, and more within the construction sector.

GreenVin: A Sustainable Substitute

GreenVin polyvinyl chloride (PVC) stands out as a low-carbon alternative to conventional PVC, emphasizing sustainability. Launched by Vinnolit in November 2021, GreenVin finds applications in diverse sectors, including building, healthcare, and automobiles. Retaining the versatility of PVC, GreenVin is suitable for cladding, windows, roofing, fencing, decking, wall coverings, and flooring.

Oldcastle Infrastructure’s Strategic Move

Acquisition for Market Expansion

In October 2021, Oldcastle Infrastructure, a US-based company providing infrastructure services, made a significant move by acquiring National Pipe & Plastics Inc. The acquisition, conducted for an undisclosed amount, added a PVC pipe portfolio to Oldcastle Infrastructure’s offerings, enhancing its ability to provide integrated solutions to customers. National Pipe & Plastics Inc., being a US-based PVC pipes company, contributed to this strategic expansion.

Market Segmentation: Understanding the Dynamics

The poly-vinyl chloride market is segmented based on product type, application, and end-user industry:

1. Product Type:
   • Rigid PVC
   • Flexible PVC
   • Low-smoke PVC
   • Chlorinated PVC
2. Application:
   • Pipes & Fittings
   • Film & Sheets
   • Wire & Cables
   • Bottles
   • Profiles
   • Hoses & Tubing
   • Other Applications
3. End-User Industry:
   • Building & Construction
   • Automotive
   • Electrical & Electronics
   • Packaging
   • Footwear
   • Healthcare
   • Other End-Use Industries

Asia-Pacific Leading the Charge

In 2023, Asia-Pacific emerged as the largest region in the polyvinyl chloride market, showcasing the region’s dominance and influence in shaping the industry landscape.

Request A Sample Of The Global Poly-Vinyl Chloride Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=2701&type=smp

The Poly-Vinyl Chloride Global Market Report 2024  provides comprehensive insights on the poly-vinyl chloride market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the poly-vinyl chloride market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Polypropylene-Plastic Material And Resins Global Market Report 2024

Polystyrene-Plastic Material And Resins Global Market Report 2024

Polyurethane Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model