According to recent market research by Technavio, the Asia Pacific PVC market is expected to increase by USD 11.62 billion from 2021 to 2026, with the market growth momentum accelerating at a CAGR of 5.46%.The report provides a detailed analysis of drivers and opportunities, best winning strategies, competitive scenarios, future market trends, market size and estimates, and key investment areas.
The PVC market in Asia Pacific is fragmented and vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
During the forecast period, 37% of the market growth will come from China.Market growth in this region will be faster than market growth in other regions.The substantial growth in per capita income of the middle-class population will boost the growth of China’s polyvinyl chloride (PVC) market over the forecast period.
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The key factor driving the growth of the polyvinyl chloride (PVC) market in Asia Pacific is the rising demand from the construction industry.The construction industry in Asia Pacific is the largest in the world and growing at a healthy rate due to population growth, rising middle class income and urbanization.An increase in infrastructure development activity is boosting the construction industry in the region.In addition, the entry of major EU players into China’s lucrative market has spurred growth in the industry.Countries such as Indonesia, China, Malaysia, Singapore and South Korea have hosted several domestic and international events due to their commercial potential, leading to an increase in the demand for PVC.
High corrosion resistance is another factor supporting the growth of the polyvinyl chloride (PVC) market share in the Asia Pacific region.PVC is strong, lightweight, weatherproof, corrosion-resistant, chemical-resistant and abrasion-resistant.It is also adaptable and easy to use as it can be cut, formed, welded and combined in any design.Its properties make it an excellent choice for a variety of applications, including plumbing, windows, floors and roofs.They offer significant energy savings during manufacturing, low-cost distribution and long, trouble-free service life.These pipes are commonly used in water, wastewater and drainage piping systems.They won’t clog, scale, corrode or dent, and they have a flat surface that reduces pumping energy requirements.
Find out more about various other market drivers and trends in our free sample report.
An end-to-end understanding of the value chain is essential for profit margin optimization and business strategy evaluation.The data available in our Value Chain Analysis section can help suppliers reduce costs and enhance customer service over the forecast period.The value chain of the Polyvinyl Chloride (PVC) Market in Asia Pacific consists of the following core components:
The Technavio report further sheds light on other innovative approaches manufacturers are taking to ensure sustainable market existence.
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BASF SE, ChemChina, Covestro, Formosa Plastics, INEOS Group Holdings SA, LG Chem Ltd., Reliance Industries Ltd., Shin Etsu Chemical Co. Ltd., The Lubrizol Corp. and The Sanmar Group
Parent Market Analysis, Market Growth Inducers and Barriers, Fast-Growing and Slow-Growing Segments Analysis, COVID-19 Impact and Future Consumer Dynamics, Market Situation Analysis During the Forecast Period,
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*Exhibit 10: Vendor products included in the market definition
*Exhibit 12: Asia Pacific – Market Size and Forecast 2021 – 2026 (USD Million)
*Figure 13: Asia Pacific Markets: YoY Growth (%) 2021-2026
*Exhibit 14: Five Forces Analysis for 2021 and 2026
*Exhibit 15: Bargaining power of buyers
*Exhibit 16: Bargaining power of suppliers
*Exhibit 20: Market Conditions – Five Forces for 2021
*The sections covered in this chapter are:
*Exhibit 21: Application – Market Share (%) 2021-2026
*Exhibit 22: Comparison by Application
**5.3 Pipes and Fittings – Market Size and Forecast 2021-2026
*Exhibit 23: Pipes and Fittings – Market Size and Forecast 2021-2026 (USD Million)
*Graph 24: Pipes and Fittings – YoY Growth (%) 2021-2026
**5.4 Film and Sheet – Market Size and Forecast 2021-2026
*Exhibit 25: Film and Sheet – Market Size and Forecast 2021-2026 (USD Million)
*Graph 26: Film and Sheet – YoY Growth (%) 2021-2026
**5.5 Wire and Cable – Market Size and Forecast 2021-2026
*Exhibit 27: Wire and Cable – Market Size and Forecast 2021-2026 (USD Million)
*Graph 28: Wire & Cable – YoY Growth (%) 2021-2026
**5.6 Others – Market Size and Forecast 2021-2026
*Exhibit 29: Others – Market Size and Forecast 2021-2026 (USD Million)
*Graph 30: Others – 2021-2026 YoY Growth (%)
*Exhibit 31: Market Opportunities by Application
*The regions covered by the report are:
*Graph 33: Market Share (%) by Region, 2021-2026
**7.3 China – Market Size and Forecast 2021-2026
*Exhibit 35: China – Market Size and Forecast 2021-2026 (USD Million)
*Graph 36: China – YoY Growth (%) 2021-2026
**7.4 India – Market Size and Forecast 2021-2026
*Exhibit 37: India – Market Size and Forecast 2021-2026 (USD Million)
*Graph 38: India – YoY Growth (%) 2021-2026
**7.5 Japan – Market Size and Forecast 2021-2026
*Exhibit 39: Japan – Market Size and Forecast 2021-2026 (USD Million)
*Graph 40: Japan – YoY Growth (%) 2021-2026
**7.6 South Korea (Republic of Korea) – Market Size and Forecast 2021-2026