Polyvinyl Chloride (PVC) is most widely used polymers in the world. Due to its versatile nature, PVC is extensively used across a broad range of industrial, technical, and many other applications including in building, packaging, transport, electrical/electronic, and healthcare applications. Use of synthetic polymers such as PVC, PC, PE, PC, and PU in various industrial applications such as packaging, electronic components, construction materials, automotive components, furniture, and toys.
Thermoplastic material is widely available in a variety of compounded forms to cover a wide range of hardness and flexibility applications is PVC. PVC is having good physical strength and excellent resistance to water and chemicals.
As per the regulations rising demand for reducing gross vehicle weight in order to improve fuel efficiency and ultimately reduce carbon emissions by automotive OEMs. Automotive manufacturers use plastics as the substitute for metals such as steel and aluminum for fabricating automotive components.
The global PVC compound market valued at US$ 2,914.2 Mn in 2018 and is projected to increase at a significant CAGR of 6.0% over the next 10 years.
Increasing demand for thermoplastic and thermosets for automotive component fabrication, plastic compounding to increase quality and material specification requirements from automotive OEMs. Plastics use for floorings, storage tanks, insulation materials, performance safety windows, doors, pipes, and cables in construction industry. Increasing number of residential and commercial projects across developing countries is boosting infrastructural development. Increasing investment in various projects and sectors such as irrigation, building & construction, water and sanitation management, power, transport, retail, etc. in which PVC and CPVC play an important role in sustainable management of this sector through various products like pipes, water proofing membranes, wires & cables, wood PVC composites, food and medicinal packaging.
Types of PVC compounds are non-plasticised PVC and plasticized PVC. PVC compound is majorly used in various applications such pipe & fitting, profiles & tubes, and others. Apart from these applications PVC compounds are also used for manufacturing of flanges for Copper-T, urine bags, oxygen mask, IV- Tubes, regulators, blood bags, glucose bags, disposable tubes, and more healthcare products. In food and packaging industry PVC compounds used to produce bottles, blister packaging films, crown caps. In addition, PVC compounds are widely used in industry to manufacture appliance components, office equipment, tapes, cable insulation, boxes, connectors, sheathing, flame retardant sheathing, flame retardant – low smoke sheathing, high-temperature cable applications, welding cables, etc.
Manufacturers focus on development of new and technologically advanced products by their new strategizes such as mergers, acquisitions, partnership, etc.
Rising demand for PVC components across various industries in Asia Pacific region can lead to increase demand for PVC components to a significant extent. In North America, development of catalyst technology will enhance the performance and adoption rate in the years to come.
Some of the major players operating and profiled in the global PVC compound market report include Westlake Chemical, Mexichem, Aurora Plastics, Benvic Europe, INEOS Compounds, Vinyl Compounds, Teknor Apex, Flex Technologies, Roscom, EMPOL/IFFCO, Cary Compound, S&E Specialty Polymers, Sylvin Technologies, Konnark Polymer, Mazda Plastic, Thevinyl, ACTEGA, PolyOne, and Hanwha (Korea).
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