Homopolymer PVC Market

Homopolymer PVC Market Analysis by Resign and Granules for Construction, Automotive, Electricals & Electronics, Healthcare, and Consumer Goods from 2023 to 2033

Analysis of Homopolymer PVC Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Homopolymer PVC Market Outlook (2023-2033)

The global homopolymer PVC market is valued at US$ 18.7 Billion in 2023 and is expected to grow at a CAGR of 4.6% over the next ten years. Worldwide homopolymer PVC sales are forecast to reach US$ 29.4 Billion by the end of 2033.

Increasing urbanization and infrastructure development are two main reasons that are projected to drive the demand for the homopolymer PVC market over the forecast period. The growing demand for lightweight and fuel-efficient vehicles increasing PVC demand in the automotive manufacturing industry. Growing demand for electrical and electronics applications, and increase demand for healthcare products are forecast to create an opportunistic scenario for homopolymer PVC suppliers going forward.

Report Attributes Details

Homopolymer PVC Market Size (2022A)

US$ 17.9 Billion

Estimated Market Value (2023E)

US$ 18.7 Billion

Forecasted Market Value (2033F)

US$ 29.4 Billion

Global Market Growth Rate (2023-2033)

4.6% CAGR

China Market Growth Rate (2023-2033)

5.3% CAGR

Historical Global Market Growth Rate (2018-2022)

1.5% CAGR

Key Companies Profiled

  • Formosa Plastics Corporation
  • LG Chem Ltd
  • Shin-Etsu Chemical Co., Ltd
  • INEOS Group AG
  • Westlake Chemical Corporation
  • Mitsubishi Chemical Corporation
  • ExxonMobil
  • SCG Chemicals
  • Reliance Industries Limited

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Historic and Future Pathway Analysis for the Homopolymer PVC Market

Homopolymer PVC is a form of polyvinyl chloride manufactured from only one monomer, vinyl chloride. homopolymer PVC is manufactured from pure raw materials such as resin or granules. Because it is lighter in weight than other plastic products, it helps to reduce waste disposal costs by using less energy in manufacturing than PP or PS products. This provides for even more cost reductions in production by eliminating waste, speeding up processes, and lowering energy consumption. Improved load control during distribution, homopolymer PVC reduces transportation costs.

The better processability and physical qualities of homopolymer PVC lead to increased production efficiency and lower total manufacturing costs. Homopolymer PVCs enable more efficient packaging, lowering the risk of product damage and adding to cost savings. Reduced manufacturing costs and lower shipping costs are expected to boost demand for homopolymer PVC in a variety of industries.

  • Short Term (2023-2026): Growing demand for homopolymer PVC from construction and electrical and electronics industry, owing to its good thermoplastic, less rigidity, and high tensile strength among other properties.
  • Medium Term (2026-2029): Asia Pacific and North America are anticipated to witness high homopolymer PVC demand on the back of rapid economic growth leading to increased urbanization and industrialization activities.
  • Long Term (2029-2033): Investment in research and development to enhance the properties of homopolymer PVC products and offer bio-based products will drive homopolymer PVC demand in the long term.

Homopolymer PVC Market Size, Share, Trends, Growth, Demand and Sales Forecast Report by Fact.MR

On the back of the aforementioned facts, the homopolymer PVC market is anticipated to grow at a CAGR of 4.6% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics Outlook

“Growing Demand from Construction Activities Supplementing Homopolymer PVC Market”

The global construction industry has sparked a notable surge in the demand for homopolymer PVC because of lightweight, resistant to weather, strong, adaptable, and simple to use so that it can be cut, shaped, welded, and linked in any design. These qualities make it suitable for a wide range of applications, including pipelines, windows, floors, and roofing. It is also used for low-maintenance costs and long-lasting nature.

  • In 2021, the Global construction market was valued at around 13,571 billion U.S. dollars. and it is projected to experience continuous growth in the coming years. By 2026, the market size is expected to reach a remarkable peak of approximately $22874 billion U.S. dollars at a rate of 9.8%. increasing urbanization and population are two major factors to boost the demand for construction as well as Homopolymer PVC. presenting manufacturers and suppliers with profitable opportunities to respond to the increasing wants of the construction industries.

“Surging Automotive Production and Growing Infrastructure Development”

Rising urbanization and industrialization in emerging economies have increased the demand for infrastructure development significantly. Preference for PVC items such as pipes, fittings, and flooring is fast increasing in the construction industry, and this, together with the regular introduction of new construction projects, is expected to boost homopolymer polyvinyl chloride shipments during the forecast period and beyond.

A growing emphasis on sustainability is expected to encourage the usage of homopolymer PVC due to its recyclability when compared to other materials utilized in various industry verticals. Homopolymer PVC is an excellent alternative for creating electrical wires and cables for high and medium-voltage applications due to its great flame retardance and heat resistance.

Manufacturers are concentrating on using homopolymer PVC in order to meet their sustainability targets. The increasing number of people entering the upper middle class has resulted in increased demand for vehicles all around the world, which is boosting the automotive manufacturing sector.

“Environmental Issues Likely to Impede Homopolymer PVC Market Growth”

The recycling challenge for the homopolymer PVC market. PVC is made with chlorine, a toxic chemical that has an impact on air and water quality. Furthermore, PVC necessitates considerable energy inputs, which contributes to greenhouse gas release and climate change. Improper disposal of PVC materials results in land life waste, which pollutes the environment.

Fluctuations in the prices of crude oil will have a negative effect on the homopolymer PVC market as crude oil is the raw material for the same. An upward pricing pressure has been observed in almost every sector, indicating a high inflation rate.

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Country-wise Insights

“United State homopolymer PVC Market to Rise by the End of Forecast Period”

The residential real estate market in the United States has become a popular topic in recent years, resulting in a significant increase in the number of homes being built in the country. Growing demand for homopolymer PVC products in residential buildings is expected to drive up homopolymer polyvinyl chloride shipments over the next 10 years.

  • Homopolymer PVC demand in the US is extrapolated to rise 4.7% CAGR by the end of the forecast period.

What are the Factors that Increases the Demand for homopolymer PVC market Across China?

China is quickly urbanizing and developing its infrastructure, resulting in a booming construction industry and high demand for pipes, fittings, and building materials. Because China has the world's largest population in the world so that the demand for housing, transportation, and other infrastructure is growing demand for homopolymer PVC. Also, china’s technological advancement has resulted in the creation of new uses for homopolymer PVC.

This is expected to boost the demand for homopolymer PVC from various industries in China. China is home to a number of manufacturing plants of various prominent players. In comparison to other polymers, homopolymer PVC is said to be a more cost-effective material, thus making it a more appealing option for enterprises wanting to lower production costs.

  • China’s homopolymer PVC market is expected to rise at a CAGR of 5.3% over the next ten years.

Category-wise Insights

Why Do Pipe & Fittings Have a High Market Share in the Homopolymer PVC Market?

Construction, which is primarily reliant on PVC pipes and fittings. PVC pipes and fittings are in high demand due to the growing demand for modern infrastructure. It is also well-known for its high durability and low cost in comparison to many other materials.

PVC pipes are simple to install, resulting in lower labor and installation expenses, as well as lower maintenance expenditures. These factors contribute to PVC pipes and fittings' high market share in the global homopolymer PVC market.

Owing to the above-mentioned factors, the demand for homopolymer PVC from pipes and fittings applications is anticipated to be valued at US$ 5.0 Bn in 2023 and is expected to expand at a CAGR of 5.9% in the forecast period.

Why Resin Is in Higher Demand in The Homopolymer PVC Market?

Resin is the raw material for manufacturing various PVC products such as pipes, fittings, profiles, sheets, and foils. It is used as a base material for PVC production. Demand for PVC resin is primarily driven by the construction industry.

Resins in the homopolymer PVC market play an important role in various segments of the PVC industry. So the demand for the resin is high in the construction, automotive, Electrical and Electronics Healthcare, and consumer goods sectors.

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Competitive landscape highlights only certain players
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Eminent Player’s Key Stratagems

Eminent Homopolymer PVC manufacturers are Formosa Plastics Corporation, LG Chem Ltd, Shin-Etsu Chemical Co., Ltd, INEOS Group AG, Westlake Chemical Corporation, Mitsubishi Chemical Corporation, ExxonMobil, SCG Chemicals, Reliance Industries Limited, SABIC

Market leaders are focusing on improving production efficiency, reducing costs, and expanding their product offerings. They are also investing in research and development to develop new applications and technologies for homopolymer PVC, such as in the construction, packaging, and medical industries. Players are also focusing on sustainability and environmental responsibility by developing eco-friendlier and recyclable PVC products. Leading players are also investing in expanding their operations into growing economies of the world to generate more revenue.

Segmentation of Homopolymer PVC Industry Research

  • By Type :

    • Resin
    • Granules
  • By Application :

    • Pipes and Fittings
    • Films and Sheets
    • Flooring
    • Automotive Parts
  • By End Use Industry :

    • Construction
    • Automotive
    • Electrical and Electronics
    • Healthcare
    • Consumer Goods
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What was the Global Homopolymer PVC Market Size Reported by Fact.MR for 2022?

The global Homopolymer PVC Market was valued at US$ 18.7 Billion in 2022.

What are the Regions Included in the Homopolymer PVC Market Study?

The regions included in the homopolymer PVC market study include North America, Latin America, Middle East & Africa, South Asia & Oceania, East Asia, and Europe.

Who are the Major Players Operating in the Homopolymer PVC Market?

Prominent players in the market are Formosa Plastics Corporation, LG Chem Ltd, Shin-Etsu Chemical Co., Ltd, INEOS Group AG, Westlake Chemical Corporation, Mitsubishi Chemical Corporation, ExxonMobil, SCG Chemicals, Reliance Industries Limited, SABIC

What is the Estimated Valuation of the Homopolymer PVC Market in 2033?

The market is expected to reach a valuation of US$ 29.4 Billion in 2033.

What Value CAGR Did the Homopolymer PVC Market Exhibit Over the Last Five Years?

The historic growth rate of the Homopolymer PVC Market was 4.6% from 2018-2022.

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Homopolymer PVC Market