DUBLIN--(BUSINESS WIRE)--The "Global Polyvinyl Chloride Market (PVC) - Segmentation by Type, Application, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global polyvinyl chloride market was valued at USD 58,337.65 million in 2017 and is expected to expand at a moderate CAGR of 5.28% during the forecast period (2018-2023).
The corporate average fuel economy standard has forced manufacturers, in the automotive industry, to develop vehicle designs that incorporate high-performance plastic materials. The focus on minimizing carbon emission and enhancing fuel economy, by reducing the weight of a vehicle, has given PVC the impetus as a lightweight material for manufacturing automobiles. It has been estimated that a 10% reduction in vehicle weight, results in approximately 5 to 7% rise in fuel savings. It is anticipated that over the next decade, plastics will account for about 20% of the average vehicles weight, up from current 14% share.
PVC pipes have been used in building and construction for over 60 years, as they offer valuable energy saving during production, low-cost distribution, and a safe, maintenance-free lifetime of service. The main areas of expected growth in construction market are transport, energy, social infrastructure, schools, hospitals, government accommodation, water resources, and defense infrastructure.
China is expected to lead the global construction market by 2020 due to shift in focus of the manufacturing industry from the United States towards Asia and China. The abundance of cheap labor supported the Chinese manufacturing sector. China has planned many infrastructural development projects, such as, the One Belt One Road initiative and infrastructural projects, such as, the development of airport, 30,000 km of high speed rail covering, which is expected to cover more than 80 cities, and 60% of urbanization ratio with permanent residents.
- BASF SE
- Xinjiang Zhongtai Chemical Co. Ltd.
- China National Bluestar (Group) Co.
- Lg Chem
- Tianjin Bohai Chemical Industry I&E Corp.
- Shin-Etsu Chemical Co. Ltd.
- Huntsman Corporation
- Kem One
- Mexichem S.A.B.
- Westlake Chemical Corporation
- Formosa Plastics Group
- Interplast (Harwal Group of Companies)
- Covestro AG
- Recticel SA
- Ineos Chlorvinyls Ltd.
- Occidental Petroleum Corp.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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