Polyvinyl Chloride (PVC) Market Manufactures Analysis, Size, Share, Trends and Forecast To 2020
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The economic recession of 2009 resulted in a sharp decline in the dem<strong>and</strong> of <strong>PVC</strong> on account of its effects on<br />
major application industries including electronics & electrical, transportation <strong>and</strong> construction. The application<br />
of the product in 3D printing, injection molding, <strong>and</strong> CNC machining is limited on account of its emission of toxic<br />
& corrosive gases while melting.<br />
<strong>PVC</strong> is highly flammable <strong>and</strong> emits hydrogen chloride (HCl) while burning thereby rendering it hazardous for the<br />
environment <strong>and</strong> restricting its use in applications with the risk of fire hazard. The diversified characteristics of<br />
the product enable its recycling for over five times, which increases it overall lifespan to around 140 years.<br />
The increasing infrastructure <strong>and</strong> construction spending in the developing markets of Latin America <strong>and</strong> Asia<br />
Pacific are likely to drive global <strong>PVC</strong> dem<strong>and</strong>. The fluctuating prices of raw materials together with the strict<br />
regulations in North America <strong>and</strong> Europe restrict the use of <strong>PVC</strong> to medical applications only.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/polyvinyl-chloride-market<br />
Application Insights<br />
The major applications of <strong>PVC</strong> include electrical & electronics, construction, transportation, <strong>and</strong> consumer<br />
packaging. The product is used for car interiors such as dashboards <strong>and</strong> door panels owing to its high durability.<br />
In addition, <strong>PVC</strong> has its applications in the automotive industry as underbody coatings, sealants, floor modules,<br />
wire harnesses, passenger compartment parts <strong>and</strong> exterior parts on account of its inexpensive nature <strong>and</strong><br />
abilities to reduce the vehicle weight <strong>and</strong> providing improved flexibility in designing.<br />
Construction segment accounted for over 55.7% of the global market volume in 2013. The global events such as<br />
Summer Olympics <strong>and</strong> FIFA World Cup led to the increase in the construction spending in the BRICS nations<br />
which is likely to propel <strong>PVC</strong> dem<strong>and</strong> in the industry.<br />
The consumer applications including footwear, sportswear, <strong>and</strong> appliances contribute to over 12.0% of the<br />
global market volume in 2013. The wide use of <strong>PVC</strong> in footwear <strong>and</strong> clothing on account of its water resistance<br />
<strong>and</strong> inexpensive nature as opposed to rubber <strong>and</strong> leather is expected to bolster market growth over the forecast<br />
period.<br />
The dem<strong>and</strong> for <strong>PVC</strong> in electrical <strong>and</strong> electronics segment is expected to witness the fastest growth as opposed<br />
to its counterparts. This growth can be attributed to the increasing dem<strong>and</strong> in the electronics market in Taiwan,<br />
China, <strong>and</strong> South Korea, which in turn is anticipated to fuel the dem<strong>and</strong> of <strong>PVC</strong> over the forecast period.
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