The global polyvinyl chloride market size was valued at USD 68.96 billion in 2022 and is expected to grow from USD 72.08 billion in 2023 to USD 95.88 billion by 2030, exhibiting a CAGR of 4.2% during the forecast period. Asia Pacific dominated the polyvinyl chloride [pvc] market with a market share of 56.19% in 2023.
Polyvinyl chloride is deployed in an extensive range of applications including electrical & electronics, packaging, transportation, healthcare, and construction. The industry expansion can be attributed to its versatile nature of bonding with several polymers.
Fortune Business Insights™ provides this information in its research report, titled “Polyvinyl Chloride (PVC) Market, 2025-2032”.
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List of Key Players Mentioned in the Report:
Segmentation:
Rigid Segment Accounted for Major Share Considering Increasing Product Deployment for Water Supply and Irrigation
On the basis of product type, the market for polyvinyl chloride is bifurcated into flexible and rigid. The rigid PVC segment held a prominent market share in 2022. This can be credited to the extensive product usage for irrigation, drainage, and water supply on account of corrosion resistance and durability.
Polyvinyl chloride is one of the most used and the third largest produced polymers in the world. Owing to its versatility, PVC is used in a wide range of industrial, engineering, and everyday applications, including construction, transportation, packaging, electrical & electronics, and healthcare. PVC is an extremely durable and long-lasting material that can be used in a variety of applications in its rigid or flexible forms. Unlike other thermoplastics, which are derived only from petroleum, PVC requires less non-renewable fossil fuels to produce than other standard plastics as it is made from two raw materials: salt and hydrocarbon feedstock. As a result, PVC is less oil-dependent than other thermoplastics.