London, 20 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Polyvinyl Chloride Market 2014-2018, which is expected to grow at a CAGR of 4.47 percent during 2013-2018.
Polyvinyl Chloride is lightweight, has high durability, mechanical stability, and fire-retarding properties, it is versatile and has a variety of applications in many industries. It is used in pipes and fittings, rigid films, rigid plates, cables and wires, flooring, automotive products, and packaging. The material has an excellent cost to performance ratio, and therefore people of various income levels can use PVC.
Key Market Drivers
- Increase in Demand from APAC Region
- Increased Demand from Building and Construction Industries
- Multiple Uses of PVC
- Growing Medical Devices Market
Key Market Trends
- Rise in Demand for Electric Vehicles
- Abundance of Shale Gas in US
- Recycling of PVC
Key Vendors
- Formosa Plastics Group
- Occidental Corp.
- Shin-Etsu Chemical Co. Ltd.
- Solvay SA
“The rapid development of the Building and Construction industries in countries such as India, China, and Brazil has widened the scope of the Global PVC market,” says Faisal Ghaus, Vice President of TechNavio.
“Rapid urbanization and an increase in disposable income in these countries will increase the demand for PVC from the Construction industry.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
