The Global PVC Homopolymers Market size is expected to grow at a CAGR (Compound Annual Growth Rate) of 7% during the forecast period (2021-2028). North America dominates the global market with around 45% share in 2017 followed by the Asia Pacific with 29%. Latin America and Europe follow next with 11% and 10%, respectively.
Polyvinyl chloride homopolymer is a type of polyvinyl chloride which are manufactured by using only one monomer, vinyl chloride. In other words, PVC homopolymers are made from pure raw materials such as virgin resin and no recycled content or additives whatsoever. These are a group of thermoplastics that are made from just one type of monomer. These polymers have many uses, including in wire and cable, automobile parts, medical applications like pipeline coating and flooring material.
PVC Homopolymers have the widest range of applications due to their high stability in temperature extremes, electrical properties, and mechanical strength. It helps reduce waste disposal costs with less production energy consumption than PP or PS products; this allows for more savings on manufacturing cost and lower transportation expenses due to easier load handling during distribution because it is lighter weight than other plastic products.
On the basis of Type, the global PVC homopolymers market is segmented into general-purpose grade, medical-grade, and others.
General-purpose grade PVC homopolymers are versatile and have a wide range of applications. They offer high stability in temperature extremes, electrical properties, and mechanical strength which makes them suitable for the widest range of applications. It helps reduce waste disposal costs with less production energy consumption than PP or PS products; this allows for more savings on manufacturing cost and lower transportation expenses due to easier load handling during distribution because it is lighter weight than other plastic products.
Medical-grade PVC homopolymers are medical implantable materials, which may be used in the fabrication of various types of surgical instruments and devices. These products find application in several fields such as orthopedics, neurosurgery, ENT surgery, pediatrics, and gynecology among others.
On the basis of Application, the global PVC homopolymers market is segmented into wire and cable (W&C), automobile, medical pipeline coating, and flooring material.
PVC homopolymers are used in wire and cable products. PVC is a versatile polymer that can be used as an electrical insulator, wiring insulation material, dielectric fluid for capacitors and transformers, environmental sealant on pipes carrying hydrocarbons such as oil or gas. PVC insulated wires have the advantages of being lightweight with high electrical resistance and are relatively simple to manufacture. PVC insulation is used in wire and cable products for sound reproduction such as megaphones or wireless microphones. It also has applications in automotive system wiring harnesses that require heat-resistant insulation.
PVC homopolymers are used in automobiles as a component of the engine coolant system, and also for manufacturing wiring. PVC homopolymers are used in the production of car components such as bumpers, interior parts, exterior coatings, etc. The material has a high tensile strength which makes it durable and resistant to wear. In addition, it has excellent resistance to chemicals and is very lightweight which allows for cost savings in the production process.
PVC homopolymers are used in medical pipeline coating as a protective layer for coatings such as polyurethane or epoxy. The PVC is applied to the inside diameter of the plastic pipe before they are coated with other materials that seal off any potential leaks. The PVC layer is an important component of the medical pipeline coating system in that it provides a protective barrier against harsh chemicals and other toxins.
PVC homopolymers are used for flooring material because it is strong, resistant to scratches and water. It is widely popular because of its high durability and water resistance properties. PVC homopolymer can be applied to concrete, masonry or plaster surfaces without the need for primers or other surfacing materials in most cases.
On the basis of Region, the global PVC homopolymers market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America dominates the global market for a general-purpose grade of PVC homopolymers in terms of revenue share because there is a high demand from the automotive industry to use these materials as fuel line coating or wiring harnesses. The low cost per kilogram makes this region more competitive than other regions such as the Asia Pacific where labor costs are higher. North American countries like Canada and Mexico have been importing enough raw material to meet their domestic requirements while exporting surplus amount back into China which further fuels growth prospects within the region.
In the Asia Pacific, increasing demand for PVC homopolymers in wire and cable applications is expected to drive the growth of this segment during the forecast period from 2021-2028. The use of polyvinyl chloride as a key raw material has led to increasing in production only after large investments have been made by manufacturers into plant expansions and new units that are coming up on stream at various locations across China. These factors support positive outlooks for market expansion within the region starting 2020 onwards with numerous opportunities available especially for players who would like to export their products out of this region.
The Middle East & Africa regions will be driven mostly by the general-purpose grade segments due to the high usage rate among automotive industries while other segments such as medical applications will be driven by the increasing regulatory requirements in certain countries.
- Increasing regulatory requirements for medical applications in certain countries will drive the growth of this segment.
- The general purpose grade segment due to the high usage rate among automotive industries is likely to be a key market driver across regions from 2020 onwards, with various opportunities available especially for players who would like to export their products out of China.
- Growing demand for PVC homopolymer flooring materials and other applications such as wire & cable, automobile industry, pipeline coating, etc., at the regional level drives future growth potentials.
Up Market Research published a new report titled “PVC Homopolymer Market research report which is segmented by Types (General Purpose Grade, Medical Grade, Others), By Applications (Wire and Cable, Automobile, Medical, Pipeline, Coating, Floor Material, Others), By Players/Companies Formosa Plastics, LG Chem, AlphaGary, Vinnolit, Thai Plastics, Oxy Vinyls, Ercros, Ronald Mark Associates, Reliance Industries”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | PVC Homopolymer Market Research Report |
By Type | General Purpose Grade, Medical Grade, Others |
By Application | Wire and Cable, Automobile, Medical, Pipeline, Coating, Floor Material, Others |
By Companies | Formosa Plastics, LG Chem, AlphaGary, Vinnolit, Thai Plastics, Oxy Vinyls, Ercros, Ronald Mark Associates, Reliance Industries |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type General Purpose Grade, Medical Grade, Others and By Application Wire and Cable, Automobile, Medical, Pipeline, Coating, Floor Material, Others.
Some of the companies that are profiled in this report are:
PVC Homopolymer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the PVC Homopolymer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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