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Innovations will Boost Unplasticized Polyvinyl Chloride Market Growth in the Foreseeable Future

 

Global Unplasticized Polyvinyl Chloride Market: Introduction

·         Unplasticized polyvinyl chloride is a thermoplastic polymer, which offers excellent acid and alkali resistance, flame retardancy, and rigidity. It also offers high UV resistance and strong vapor barrier properties. Unplasticized polyvinyl chloride is often used as a replacement for wood in the building & construction sector, including double glazed window frames, window sills, and vinyl siding. Additionally, unplasticized polyvinyl chloride is used as an alternative of cast iron for heavy-duty applications such as plumbing and draining.

Properties of Unplasticized Polyvinyl Chloride to Drive Market

·         The global unplasticized polyvinyl chloride market is driven by the rise in demand for unplasticized polyvinyl chloride in various applications such as pipes and pipe-fittings. Its high durability, excellent chemical resistance, thermal efficiency, versatility, and cost-effectiveness vis-à-vis wood and cast iron is anticipated to drive the demand for unplasticized polyvinyl chloride in residential, commercial, and industrial sectors.

Covid-19 to Hamper Unplasticized Polyvinyl Chloride Market

·         Unplasticized polyvinyl chloride is primarily employed in the production of windows, doors, and pipe & pipe-fittings in the building & construction sector. However, disruption as well as modification of the supply chain due to the Covid-19 pandemic is anticipated to adversely affect the demand for unplasticized polyvinyl chloride in the building & construction. Weakening of economic growth across the globe due to the spread of the Covid-19 pandemic is further expected to hamper the unplasticized polyvinyl chloride market.

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Asia Pacific to Hold Major Share of Global Unplasticized Polyvinyl Chloride Market

·         Based on region, the global unplasticized polyvinyl chloride market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         Asia Pacific is a leading consumer of unplasticized polyvinyl chloride across the world, followed by Europe and North America. Unplasticized polyvinyl chloride is largely produced and consumed in China and India. China is one of the leading producers of unplasticized polyvinyl chloride across the world. Rapid economic growth, improvement in the standard of living of the people, and large-scale urbanization have boosted the demand for unplasticized polyvinyl chloride in Asia Pacific. Government programs such as the National Smart Cities Mission are projected to boost the construction industry in India. This, in turn, is anticipated to augment the unplasticized polyvinyl chloride market in Asia Pacific. However, currently, the Covid-19 pandemic has disrupted the building & construction sector. This is estimated to hamper the consumption of unplasticized polyvinyl chloride in the near future. Nevertheless, the sector is likely to re-bounce in the next two to three years.

·         The market in North America and Europe is estimated to expand at a sluggish pace in the near future due to the spread of the pandemic. Disruption of supply chain and decrease in demand for unplasticized polyvinyl chloride in the building & construction sector are projected to negatively affect the market in these regions in the near future. However, the situation is likely to improve in the next one to two years. Furthermore, the market in North America and Europe is already well established. Manufacturers of unplasticized polyvinyl chloride in these regions are focused on improving the quality of their products for various end-use industries. They also emphasize on introducing new innovative products in order to expand their presence in the global market.

 Improvements in regional economic conditions of developing countries in Middle East & Africa and Latin America is projected to augment the demand for unplasticized polyvinyl chloride based products such as windows, doors, and pipe & pipe-fittings in these regions

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Key Players in Global Unplasticized Polyvinyl Chloride Market

The global unplasticized polyvinyl chloride market is fragmented, with the leading producers accounting for approximately 20% to 30% share. Major players operating in the global unplasticized polyvinyl chloride market include:

·         Stepan

·         AK ChemTech

·         Godrej

·         Pilot Chemical

·         Lion Specialty Chemicals Co., Ltd.

·         Solvay S.A.

·         Taiwan NJC

·         Huntsman Corporation

·         Akzo Nobel N.V.

·         Clariant

·         Enaspol A.S

·         Bendale Chem

·         Resun Auway Ind

·         Sinolight Chem

·         Nanfine (Anhui)

·         Xingya Group

·         Jujin Chem

·         Tianzhi Fine Chem

·         Jintung Petrochem

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