Global PVC Homopolymer Sales Market by Type (General Purpose Grade, Medical Grade, Others), By Application (Wire and Cable, Automobile, Medical, Pipeline, Coating, Floor Material, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global PVC Homopolymer Market size is expected to grow from USD 16.08 billion in 2020 to USD 20.02 billion by 2028, at a CAGR of 3.3%. The growth in the market can be attributed to factors such as increased demand for low-priced products and growing consumption of PVC products due to their resistance against heat, light, and chemicals properties. However, rapid price fluctuations owing to an increase in raw material prices may hinder the growth trajectory during the forecast period (2021 - 2028).

PVC Homopolymer can be defined as a thermoplastic material that contains various proportions of vinyl chloride, chlorine, and carbon monoxide. PVC Homopolymer is a low-molecular-weight polymer made from hydrocarbons derived from coal or petroleum products.

On the basis of Types, the market is segmented into General Purpose Grade, Medical Grade, and Others.

General Purpose Grade:

General Purpose Grade PVC homopolymer is a plastic resin that has been manufactured through polymerization. It belongs to the group of thermoplastics and it's commonly used in the production of goods such as pipes, hoses, wire coverings (insulating), cable jackets, etc.

This type of PVC homopolymer provides excellent resistance against heat and mechanical stress while maintaining good flexibility at low temperatures. General-purpose grade PVC pipe can be produced by extrusion or compression molding process; common uses are for floor tile backing boards, door casing strips, speaker grilles, etc.

Medical Grade:

Medical Grade PVC is a type of Polyvinyl Chloride that has been developed specifically for medical applications. It can be found in things like catheters, IV bags, and tubing. The most important distinction between General Purpose PVC and Medical Grade is the lack of plasticizers or stabilizers, which are used to make general-purpose vinyl stronger than it would otherwise be. This results in increased flexibility at low temperatures and it also reduces stickiness during production because these additives are not present either.

On the basis of Application, the market is segmented into Wire and Cable, Automobile, Medical, Pipeline, Coating, Floor Material, and Others.

Wire and Cable:

The PVC homopolymer is used in wire and cable because of its flexibility, low-costs and resistance to chemicals. It also has a high dielectric strength which makes it ideal for use as insulation on electrical wires and cables. Another reason why the PVC Homopolymer is preferred over other plastics like polypropylene or polyethylene is because of their lower heat distortion temperature (190°C) compared to that of PVC's 220°C. These materials resist higher temperatures making them perfect for outdoor wiring applications. In addition, they are not susceptible to oil contamination which would render the product useless after prolonged exposure.

Automobile:

The use of PVC in automobiles is increasing significantly as it has replaced traditional materials such as steel and aluminum. Automobile manufacturers are using plastics due to their lightweight, cheap price, and improved fuel efficiency with the advent of new technologies like hybrid cars. The material composition for these vehicles consists mostly of polymers including thermoplastics like nylon or acrylics, thermoset plastic components made from epoxies or phenolics (iPVC), and glass fiber reinforced composites (GRC). Thermoplastics offer higher stiffness at a lower cost while GRC offers better strength but requires a higher temperature curing process.

Medical:

The PVC Homopolymer use in the medical industry is very important. The Medical grade of PVC homopolymers which are used to make products such as IV bags and tubes can be sterilized before they are put into production. This ensures that there will not be any contamination because it has been made from non-toxic material. These types of materials also allow easier access to clean water without having the risk associated with harmful bacteria or viruses present due to unsterilized surfaces.

Pipeline:

PVC Homopolymer has high chemical resistance, abrasion, and impact-resistant properties. It is used in the following pipeline applications: Oil pipelines, Water pipelines, Industrial gas pipelines, Other fluid transmission lines.

Coating:

Chemical resistance, protection from ultraviolet light, and its high gloss surface are the main reasons for PVC homopolymer to be used in the coating. The material has great solvent and weathering properties which makes it a good choice for exterior paints or primers.

Floor Materials:

The use of PVC homopolymer in floor materials is mainly for indoor applications where aesthetics are not a priority and the design can be flexible. These include floors, carpeting, tiles, vinyl sheets, and other similar products that offer limited durability outdoors but provide quality indoors. The material has been used to cover large areas such as warehouses or aircraft hangars since its waterproof properties make it ideal for these types of environments.

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2017 (estimated), North America accounted for the largest share of 43% in terms of revenue generation. This is attributed to an increasing trend towards the adoption of PVC homopolymer wire and cable which are used as replacements for rubber during installation-related works such as insulation or sealing purposes.

Growth Factors For The Global PVC Homopolymer Market:

The market is driven by the growing demand for PVC polymer products in various applications. The key driving factors, which are propelling the growth of this industry include:

• Growing awareness among customers about high-quality material and low-cost production offered by manufacturers;

• Increasing preference for water-resistant materials such as PVC homopolymer across industries due to its superior properties;

• Increased investment opportunities in developing countries owing to a rise in disposable incomes coupled with favorable government initiatives providing major impetus to the global PVC homopolymer industry.

Up Market Research published a new report titled “PVC Homopolymer Sales 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”. 

Report Scope

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.

Global PVC Homopolymer Sales Market Report Segments:

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:

1. Formosa Plastics
2. LG Chem
3. AlphaGary
4. Vinnolit
5. Thai Plastics
6. Oxy Vinyls
7. Ercros
8. Ronald Mark Associates
9. Reliance Industries

PVC Homopolymer Sales 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:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the PVC Homopolymer Sales Market

Overview of the regional outlook of the PVC Homopolymer Sales Market:

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.

Highlights of The PVC Homopolymer Sales Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of PVC Homopolymer Sales Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. General Purpose Grade

                2. Medical Grade

                3. Others

                1. Wire and Cable

                2. Automobile

                3. Medical

                4. Pipeline

                5. Coating

                6. Floor Material

                7. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the PVC Homopolymer Sales 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.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the PVC Homopolymer Sales Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.