Asia-Pacific Polyvinyl chloride (PVC) Market – Segmented by Product type, Application, End-User Industry and Geography – Trends and Forecasts (2015-2020)
Asia-Pacific Polyvinyl chloride (PVC) production capacities is currently estimated to be XX million tonnes in 2014 and is expected to reach XX million tonnes showing a compound annual growth rate of XX%.. Asia Pacific region is expected to increase its market share in the future owing to the increase in awareness among people of the potential benefits of PVC. The demand for PVC is highest in China, which accounts for more than 65% of Asia-Pacific PVC demand. Demand in developed countries such Japan has largely stabilized, but the growing economies and large populations of developing countries such as India and China, means that they have huge consumption potential. Because of this, demand from Asia-Pacific will drive the PVC market in the future, and it is consequently vital to engage this region in Europe\'s sustainability efforts, in order to enhance energy efficiency and promote industrial recycling. PVC are used in an increasing number of markets – from packaging, catering products, consumer electronics, automotive, agriculture/horticulture and toys to textiles and a number of other segments. Drivers PVC consumption in India has grown over 10% pa in the past and future projections are also for double-digit growth. Present PVC consumption in India is 2 million MT per year. Infrastructure and housing sector are key drives for growth. Government of India 12th Plan projection for increasing manufacturing share in GDP from 18% to 25% is an indication for the growth potential for PVC Industry. In addition, the construction industry is boosting in developing countries like India, where many PVC products are used in civil and structural engineering. Challenges Rising continuous rise of environmental concerns has resulted in a new legislation that threatens PVC manufacturers, and the rising raw material costs may dampen the overall growth during the period. Also the competition from steel & concrete pipes pose a threat to PVC market in that segment. Opportunities As there is gradual substitution of plastics products in automobile industry, growing demand of electric vehicle is seen as good opportunity for plastics product manufacturers to focus on. Also, the development of renewable PVC can be put forward as a growth opportunity due to increasing awareness about the environment problems. What the report contains The report elucidates the situation of PVC around the world and studies the markets of the PVC product type which include Pipes & Fittings, Film & Sheets, Wire & Cables, Bottles and others. Lastly, the report is divided by countries - China, India, Japan, South Korea and rest of APAC; where-in the market share of each region is analyzed and estimates are provided for the next 5 years. The various applications of PVC have been discussed in detail in addition to a comprehensive overview of the market.