Plasticized polyvinyl chloride (PVC) compounds are adhesives used in manufacturing different types of flexible PVCs with different applications in different industry sectors. Majorly, plasticized polyvinyl chloride (PVC) compound producing technologies are used in the manufacturing of finished end-products such as pipes, hoses, bags, and others which are used in building and construction, piping and insulation, healthcare, automobile, and wire and cable.
These plasticized polyvinyl chlorides (PVC) compounds are manufactured by two different processes, injection molding and extrusion. They are extracted from salts and crude oil. Data Bridge Market Research analyses that the plasticized polyvinyl chloride (PVC) compound market is expected grow at a CAGR of 4.6% during the forecast period. " Film and Sheet" accounts for the most prominent application segment in the respective market owing to the rise in plasticized polyvinyl chloride (PVC) compounds. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
The PVC compound is based on the combination of polymers that give a formulation for the finished products necessary as per the requirement of the end-user. It is manufactured by mixing different ingredients of PVC raw materials, which are then converted into a jelly-like substance useful for manufacturing finished goods. Several types of raw materials are used in manufacturing the PVC compound, such as plasticizers, stabilizers, lubricants, fillers, and alloying polymers. Plasticized polyvinyl chloride (PVC) compound contains plasticizers and softening agents, which give a rubber-like property. Flexible PVC compounds provide flexibility to the products. Plasticized polyvinyl chloride (PVC) compounds are mostly used to manufacture the medical tubing, automotive body, electrical wiring, and others. These products need flexibility, so plasticized polyvinyl chloride (PVC) compounds are used in their manufacturing.
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Global Plasticized Polyvinyl Chloride (PVC) Compound Market Key Players/Share Analysis
The global plasticized polyvinyl chloride (PVC) compound market competitive landscape provides competitors' details. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the global plasticized polyvinyl chloride (PVC) compound market.
Some major players operating in the plasticized polyvinyl chloride (PVC) compound market are INEOS, Westlake Corporation, Formosa Plastics Corporation, Ercros SA, Teknor Apex, Aurora Plastics LLC, Roscom Inc., PKN ORLEN, BENVIC, Zhonglian Chemical, and Rainmaker Polymers LLC among others.
Global Plasticized Polyvinyl Chloride (PVC) Compound Market Dynamics Include:
Drivers/Opportunities
· Growing building and construction activities in developing countries
The countries are investing a huge sum of money in construction activities, moving toward the development path. So, the increasing building and construction activities in developing countries have increased the usage of plasticized PVC compound products, which is expected to drive the global plasticized PVC compound market growth.
· Increasing demand for tubes and profiles
Increasing urbanization has increased the demand for plasticized PVC tubes and fittings. According to an article World's Top Exports by Daniel Workman published in 2020, the global sales for exported items made from plastic from all countries were worth a total of USD 85.3 billion in 2020, which is higher by an average of 26.3% than all exporting countries since 2016. So, the increasing demand for tubes and profiles in various sectors has increased the usage of plasticized PVC compounds in the production of molding tubes and profiles. Hence, the growing demand for tubes and profiles is expected to drive market growth.
· Ability to form desired shape due to molding quality
Plasticized PVC compounds have a variety of applications due to their low cost and mechanical and physical properties. In the medical sector, it is commonly used in blood collection bags as it is flexible and unbreakable, which are preferred in modern blood banks as it is crucial in healthcare. The softness of the flexible plasticized PVC compound ensures comfortable medical devices. Also, it has various other applications and benefits in packaging, households and construction activities. So, the molding quality that helps to get any desired shape increases the demand for plasticized PVC compound manufactured products in the market. This leads to increased demand for plasticized PVC compounds, acting as a driver in the plasticized PVC compound market.
· Recycling abilities of Plasticized PVC medical devices
The plasticized PVC medical devices are recyclable and can be reformed into various new products. So, instead of wasting money on disposing of waste material and spending money on producing new material, the best way is to recycle the products. Sometimes, commodity prices of plasticized PVC compounds rise and provide financial incentive to utilize recycled PVC in manufacturing, encouraging the manufacturing units to use recycled PVC compounds. The recycling nature of the plasticized PVC compound products has increased its demand in the production of secondary products which are used in the medical sector. Hence, the recycling properties of plasticized PVC medical devices are expected to drive the plasticized PVC compound market growth.
Plasticized Polyvinyl Chloride (PVC) Compound Market Restraints/Challenges
· Temperature effect on plasticized PVC compound
Plasticized PVC compounds are used to manufacture the finished goods used in different atmospheric conditions. When plasticized PVC compounds are exposed to dynamic atmospheric conditions, various factors affect plasticized PVC compounds, such as UV radiations and temperature change, leading to the fissure of bonds within the plasticized PVC compound and separation of hydrogen chloride and formation of new bonds in plasticized PVC compound. Thus, from the above statements, it can be stated that high temperature has a bad effect on the plasticized PVC compound, which leads to a shorter life span of plasticized PVC finished goods
· Phasing out plasticized PVC in hospitals
The health care industry is concerned about plasticized PVC products as several government bodies have issued warnings about products manufactured from PVC. The patients, particularly infants, are at risk of health from products containing plasticized PVC compound due to its serious side effects. Researchers found that sick infants treated in neonatal intensive care units had higher exposure to toxicants in their bodies. Thus, it can be concluded from the above statements that medical products and equipment manufactured through plasticized PVC compounds are infectious to infants, due to which, the demand for the plasticized PVC compound in the medical industry may fall in the near future.
Recent Developments
· In December 2021, Roscom Inc was acquired by Geon Performance. This development helped the company to increase its revenue and work effectively
· In January 2022, Westlake launched GreenVin Polyvinyl Chloride (PVC), a lower-carbon alternative PVC. It is launched by one of its subsidiaries, the Vinnolit subsidiary in Germany. It is mostly used in the construction, automotive and medical sectors. This will help the company to increase its product portfolio
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Plasticized Polyvinyl Chloride (PVC) Compound Market Scope
The global plasticized polyvinyl chloride (PVC) compound market is segmented on the basis of form, manufacturing process, application, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
· Dry
· Wet
On the basis of form, the global plasticized polyvinyl chloride (PVC) compound market is segmented into dry and wet.
Manufacturing Process
· Injection Molding
· Extrusion
· Others
On the basis of the manufacturing process, the global plasticized polyvinyl chloride (PVC) compound market is segmented into injection molding, extrusion and others.
Application
· Film And Sheet
· Wire And Cabling
· Pipe And Fitting,
· Profiles And Tubes
· Others
On the basis of application, the global plasticized polyvinyl chloride (PVC) compound market is segmented into film and sheet, wire and cabling, pipe and fitting, profiles and tubes, others.
End Use
· Medical
· Building And Construction
· Packaging
· Automotive
· Consumer Goods
· Electrical And Electronics
· Others
On the basis of end use, the global plasticized polyvinyl chloride (PVC) compound market is segmented into medical, building and construction, packaging, automotive, consumer goods, electrical and electronics, others.
Plasticized Polyvinyl Chloride (PVC) Compound Market Regional Analysis/Insights
The global plasticized polyvinyl chloride (PVC) compound market is analyzed, and market size insights and trends are provided by country, form, manufacturing process, application, and end use, as referenced above.
The countries covered in the global plasticized polyvinyl chloride (PVC) compound market report are the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific is dominating the market due to the recycling abilities of plasticized PVC medical devices and growing building and construction activities in developing countries. Due to the recovinyl initiative in plasticized PVC compounds in the region and the plasticized polyvinyl chloride (PVC) compound, manufacturers are engaged in developing new plasticized polyvinyl chloride (PVC) compounds products in the region is propelling the region's demand for plasticized polyvinyl chloride (PVC) compound.
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
· Provision of market value (USD) data for each segment and sub-segment
· Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
· Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
· Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
· Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
· The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
· Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
· Provides insight into the market through Value Chain
· Market dynamics scenario, along with growth opportunities of Plasticized Polyvinyl Chloride (PVC) Compound Market in the years to come
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Europe Plasticized Polyvinyl Chloride (PVC) Compound Market , By Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes, Others), End Use (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
Middle East and Africa Plasticized Polyvinyl Chloride (PVC) Compound Market, By Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes, Others), End Use (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
North America Plasticized Polyvinyl Chloride (PVC) Compound Market, By Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes, Others), End-User (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
Asia-Pacific Plasticized Polyvinyl Chloride (PVC) Compound Market, By Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes and Others), End Use (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
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