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Polyvinyl chloride resins are produced through polymerization of vinyl chloride and finally blending them with additives. PVC is the most extensively used thermoplastic after polyethylene and polypropylene. PVC resins based products exhibits strong impact strength and stiffness. These products are stable at ambient temperatures, durable, chemically resistive and have nonflammability character. Owing to these excellent features, the end user products of PVC are applicable in construction, food, pharmaceutical, chemical and various other industries. PVC resins also have application in consumer goods and furniture industry wherein they are utilized for manufacturing of raincoats, shoe soles, conveyor belting and other household products. These products are abundantly demanded in construction industry for pipes and fittings, cable insulation, door vent seals, office furniture and many others. The global PVC Resins Market accounted total revenue for $38.6m in 2015 and is estimated to grow at a CAGR of 4.25% during the forecast period between 2016 and 2021.
The PVC resins market has been thoroughly studied based on several differentiating parameters to give a comprehensive overview of the market. The market has been segmented on basis of grade, process and applications. By grade, the market is classified into homopolymer and copolymer PVC. In accordance with process, the market is divided into suspension, emulsion and bulk PVC. The market has widespread applications in automotive, building and construction, electrical, packaging and other industries. For consumer goods and medical applications of PVC resins market held the highest CAGR of 5.53% and 5.75% respectively during the forecast period of 2016 to 2021. The market has also been fragmented based on geography like Americas, APAC, Europe and RoW.
The crucial factors affecting the growth of PVC resins market are growing infrastructure across the globe, aging population demanding for medical equipment and increasing use of consumer goods.
The key players of PVC resins Market are:
ShinEtsu Chemical Co. Ltd. Japan
Formosa Plastics Corp. U.S.
Occidental Petroleum Corp. U.S.
Solvay SA Belgium
Ineos Group Ltd. Switzerland.
Original Article: Polyvinyl Chloride PVC Resins Market By Grade Homopolymer, Copolymer, By Process Suspension, Emulsion, Blended, By Application Automotive, Building Construction, Consumer goods and others By Geography Forecast 20162021 [Updated: 18072016] Prices fromNEXT ARTICLE
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