According to Fortune Business Insights, 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, 2023-2030”.

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List of Key Players Mentioned in the Report:

• Ercros (Spain)
• Formosa Plastics Corporation (Taiwan)
• Hanwha Group (South Korea)
• Ineos (U.K.)
• KEM ONE (France)
• Occidental Petroleum Corporation (U.S.)
• Orbia (Mexico)
• Shin-Etsu Chemical Co., Ltd. (Japan)
• Vynova (Belgium)
• Westlake Corporation (U.S.)

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.

Pipe & Fittings Segment to Lead the Market Due to Rising PVC Usage on Account of Durability