Lucintel Forecasts PVC Compound Market to Reach $14.0 billion by 2030
Lucintel Forecasts PVC Compound Market to Reach $14.0 billion by 2030
Blog Article
According to the recent study the PVC compound market is projected to reach an estimated $14.0 billion by 2030 from $11.1 billion in 2023, at a CAGR of 3.0% from 2023 to 2030. Growth in this market is primarily driven by increasing demand of PVC in building and construction activities and growth in consumer electronics.
Browse 116 figures / charts and 83 tables in this 199 -page report to understand trends, opportunities and forecast in PVC compound market by application (pipes and fittings, profiles and tubes, film and sheets, wire and cables, flooring, and others), product type (rigid PVC and flexible PVC), end use (building & construction, electrical & electronics, packaging, automotive, and others), manufacturing process (injection molding, extrusion, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
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Lucintel forecast that electrical & electronics will remain the largest end use and it is also expected to witness the highest growth during the forecast period due to growth in wire & cable and consumer electronics market.
Film and sheets will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to increasing demand of food packaging in the emerging nations.
Asia Pacific (APAC) is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to growth in end use industries.
Westlake Corporation, INEOS Compound, Orbia (Maxichem), Formosa Plastic Corporation, PKN Orlen S.A, Ercros, Teknor Apex, Benvic Europe, Aurora Plastics, and Roscom, Inc are the major suppliers in the PVC compound providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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