About the Report
The global PVC emulsion market is gaining traction and is expected to expand at a steady CAGR of around 4% through 2031, owing to a wide variety of products being developed by key manufacturers. With application in key segments such as surface coatings, printing inks, and fabric coatings, to name a few, gaining prominence, suppliers of PVC emulsions are forecast to gain higher profits over the coming years.
The latest report on PVC emulsions by Fact.MR offers a thorough analysis of the global industry, crucial factors, new trends, and growth scope during the forecast period of 2021 to 2031. According to the report, North America and Europe will hold a major pie of the global industry, while the market in Asia Pacific will experience the fastest growth during the forecast period.
Historical Trends Vs. Future Outlook on PVC Emulsion Sales
Sales of PVC emulsions have surged steadily over the past years, owing to increase in demand in wall paintings, floor and fabric coatings, and other applications. Rise in investments by leading industry players and adoption of advanced technologies further aided industry growth during last 5 years from 2016 to 2020.
With requirement from building, construction, and automotive industries increasing steadily, PVC emulsion providers are set to gain higher profit margins over the coming years. Rise in number of manufacturing hubs, expansion of interior designing and construction sectors, and a flurry of new product launches by key players are expected to raise industry value further through 2031, which is slated to progress at around 4% CAGR over the next ten years.
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Why is Application in Building & Construction Surging?
PVC emulsions have wide application in the construction industry, in-
- Wall paintings
- Floor coatings
- Ceiling coatings
- Other interior & exterior coatings
As a result, demand from this industry is propelling the growth of manufacturers across regions.
According to SelectUSA, China is the world’s largest construction market, and the United States is China’s second-largest source of imports for the construction industry, with an import industry share of 13%. As stated in its report, in 2018, the industry, including the construction industry, added 31.5% value to the Gross Domestic Product (GDP). This data represents growing demand for PVC emulsion products from the construction sector around the world.
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What are the Key Challenges Faced by PVC Emulsion Suppliers?
There are a few disadvantages of PVC emulsions that often create challenges for suppliers, such as-
- It has poor heat stability
- Flexible PVC has lower chemical resistance
- Properties are probable to change with time
- Rigid PVC has low continuous service temperature of 50 degree Celsius
However, with increasing R&D activities and growing focus on production, manufacturers are expected to resolve these issues in the near future.
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What’s Fueling Sales of PVC Emulsions in the United States?
The United States is a prominent market in North America for PVC emulsions, owing to high demand from its huge automotive and construction sector. As stated in a report published by SelectUSA, since Honda opened its first U.S. plant in 1982, almost every major European, Japanese, and Korean automaker has produced vehicles and invested more than US$ 75 billion in the U.S.
According to the report, in 2018, the U.S. exported 1.8 million new light vehicles and 131,200 medium and heavy trucks around the world. This implies the high growth scope for PVC emulsion suppliers in the U.S.
What’s Driving Growth of Germany’s PVC Emulsion Industry?
Being at the forefront of Europe’s market for PVC emulsions, Germany is catching the attention of key players. Highly advanced manufacturing hubs and rise in application in the construction & building sector are bolstering market growth in Germany.
According to a report titled “European Construction Sector Observatory”, published by the European Commission (EC), Germany’s construction sector is highly progressive and the leading contributor in the European Union (EU).
As stated in the report, Germany’s construction sector grew by 10% during 2010 to 2016, while in 2016, the GDP of Germany amounted to EUR 2,843 billion, including a significant contribution from its construction sector. With these figures anticipated to rise further, Germany is set to remain a hotspot for PVC emulsion manufacturers over the coming years.
Why are PVC Emulsion Manufacturers Eyeing China?
China has emerged as the leading contributor in Asia Pacific for PVC emulsions, and is likely to maintain its leading position during the forecast period. Advanced construction and automotive sectors are aiding the growth of PVC emulsion manufacturers in the country.
According to a report published by SelectUSA, China’s construction industry is set to grow by 5% through 2023, while the country’s increasing emphasis on green buildings will further cater to this growth. As stated in the report, China State Council Green Building mandates that public buildings such as schools, hospitals, museums, stadiums, and others must meet green building criteria. This is not only helping in the development of the construction industry but is indirectly paving new paths for PVC emulsion providers across the country.
Will India Exhibit Hegemony in Demand for PVC Emulsions?
Backed by growing construction and architecture sectors and highly developed manufacturing infrastructure, India is in the spotlight for PVC emulsion industry players. According to a report published by Invest India, the construction industry in India contributes nearly 9% of the country’s GDP, while nearly 51 million people are employed in this sector.
As stated in the report, India will be required to spend US$ 454.8 billion on infrastructure development in the construction sector. This indicates upcoming opportunities for PVC emulsion suppliers in India.
Which Application Sector is Spurring PVC Emulsion Demand?
Presently, high application in flooring & wall coverings is spurring the growth of PVC emulsion suppliers, owing to various factors such as-
- PVC emulsion is highly protective for such coatings
- Attractive finishing
Other key segments fueling sales are synthetic leather manufacturing, surface coatings, adhesives, and others.
With the competition getting stricter, players manufacturing PVC emulsions are diversifying their products.
- Kaneka Corporation launched its new range of Kaneka’s Paste PVC for wallpapers, flooring, and other applications, a couple of years back.
- Finolex Industries Limited recently launched its new Finolex PVC Resin, Paste zgrade PVC, and others.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Historical Data Available for
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Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
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Market Segmentation by Category
- PVC Emulsions for Flooring & Wall Coverings
- PVC Emulsions for Synthetic Leather Manufacturing
- PVC Emulsions for Automotive Mastic & Sealants
- PVC Emulsions for Fabric Coatings
- PVC Emulsions for Surface Coatings
- PVC Emulsions for Printing Inks & Adhesives
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
- FAQs -
Some of the top companies manufacturing PVC emulsions are Kem One, Kaneka Corporation, and SCG Chemicals Co., Ltd.
The United States, Germany, China, Japan, India, the United Kingdom, Canada, Italy, France, and a few others are lucrative markets for PVC emulsions, and are expected to dominate throughout the forecast period.
Presently, the flooring & wall coverings segment is the most lucrative in terms of application, and is expected to remain dominant over the forecast period of 2021 to 2031.
Micro-seeded PVC emulsions, micro-suspension PVC emulsions, specialty PVC emulsions, automotive PVC emulsions, construction PVC emulsions, healthcare PVC emulsions, PVC emulsions for toys, synthetic leather PVC emulsions, sports equipment PVC emulsions
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
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