Industry Statistics

PVC Compound Market: Supply, Production, Demand Analysis By Polymer Type: Flexible PVC, Rigid PVC; Demand Analysis By Application: Pipe and Fittings, Films and Sheets, Profiles and Tubes, Wires and Cables, Others; Supply Demand Gap By Region; Growth Opportunities and Strategic Analysis; Competitive Landscape; 2024-2032

Name: PVC Compound Market Outlook, Supply, Demand Analysis | 2032
Creator: Claight Corporation - Expert Market Research
License: https://www.expertmarketresearch.com/privacy-policy
Keywords: PVC Compound Market

PVC Compound Market

PVC compounds are formed by combining the polymer/PVC resin and additives to achieve the formulation that is necessary for various applications across diverse end-uses. By intricately blending together these ingredients, the compound is prepared, which is then transformed to a gel-based substance. Based on the choice of additives and PVC-type used, the compound generated before gelation can be a free-flowing powder or a liquid. The compound, as a free-flowing powder, is known as a dry blend.

Different additive types that can be used for preparing PVC formulations include PVC resin, filler, flame retardant, plasticizer, impact modifier, pigment, viscosity modifier, UV absorber, and bonding agent, among others.

Upon using plasticizers, PVC compounds are generated as flexible materials, known as P-PVC. On the other hand, compounds generated without plasticizers are specific to rigid applications and are typically known as U-PVC.

Global Supply/Demand Outlook

The global PVC compound market stood at a volume of around 8,900 KT in the year 2023. The market is estimated to grow at a CAGR of 4.50% between 2024 and 2032 to reach a volume of about 11,670 KT by 2032. The versatility of PVC compounds makes them popular as a commodity thermoplastic, with its application ranging from medical uses, such as blood bags, to long life applications like window frames or thermal break Profiles. The key factors propelling the PVC compound market are the growing demand for the product from diverse end use industries, including construction and packaging. The electrical and electronics industry is the major consumer of PVC compounds, with an estimated 44% market share. It is followed by the building and construction sector as the second largest consumer. This growth is driven by the growth of the consumer electronics market, increasing demand for wire and cables, and rapid technological improvements in the electronics sector.

The global capacity of PVC compound was about 11,500 KT in the year 2023. It is estimated to reach 13,600 KT by 2032. The plant capacity utilization of PVC compound reached 80% in 2023.

Regional Market Analysis

In terms of consumption, the Asia Pacific leads the global market for PVC compound with an estimated 68% market share. It is followed by Europe as the second largest market. In the Asia Pacific, countries like China and India are witnessing a significant demand for consumer electronics and they have emerged as global manufacturing hubs for electronic items, supported by favourable government measures. This favours the demand for PVC compounds in the region’s growing electrical and electronics market.

Key Market Players

The leading manufacturers of PVC compounds are Westlake Global Compounds, Shin-Estu, INEOS Compound, Orbia, and Formosa Chemicals & Fibre Crop.

Westlake is one of the world's leading producers of PVC compounds. Committed to innovation and excellence, the company brings an experience of more than 50 years to each of the industries it serves. The company’s operations in the United States include two PVC resin production facilities in Calvert City, Kentucky and Geismar, Louisana. Vertical integration benefits both these PVC plants, with the primary raw material VCM (vinyl chloride monomer) being produced at these locations.

Key Questions Answered in the Report:

What are the high-growth opportunities and markets for PVC compound by application and region?

What are the major polymer types of PVC compound available by region?

Which segments and regions are projected to grow at a faster pace and why in the PVC compound market?

What is the nameplate capacity of PVC compound by region from 2018 to 2032?

How does the plant capacity utilisation of PVC compound vary by region between 2018 and 2032?

Who are the major players in the PVC compound market by capacity and region?

What major plant shutdowns and expansions have occurred in the PVC compound market in the last year and the last quarter?

What major plant shutdowns and expansions are planned in the PVC compound market over the next year and quarters?

How did export and import dynamics of PVC compound vary by region in terms of value between 2018 and 2023?

How did export and import dynamics of PVC compound vary by region in terms of volume between 2018 and 2023?

What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of PVC compound?

What are the environmental considerations and regulatory impacts affecting the PVC compound market?

What technological innovations are having an impact on the production and application of PVC compound?

What are the key trends and innovations in the PVC compound market?

What are the challenges and opportunities faced by PVC compound manufacturers?

What are the potential risks and barriers to entry for new players in the PVC compound market?

What strategic investments and expansions have major players made in the PVC compound market?

How are geopolitical factors and international trade policies affecting the global PVC compound market?

What are the price trends for PVC compound, and how are they expected to change?

How does the supply chain of PVC compound operate, and what are its key components?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Key Assumptions
4   Global PVC Compound Market Analysis, In Volume (Thousand Tonnes)
   4.1   Global PVC Compound Historical Market (2018-2023)
   4.2   Global PVC Compound Market Forecast (2024-2032)
   4.3   Global PVC Compound Market Supply Analysis, By Polymer Type
       4.3.1   Flexible PVC
           4.3.1.1   Company Wise Name Plate Capacity (2018-2032)
       4.3.2   Rigid PVC
           4.3.2.1   Company Wise Name Plate Capacity (2018-2032)
   4.4   Global PVC Compound Market Production Analysis, By Polymer Type
       4.4.1   Flexible PVC
           4.4.1.1   Production (2018-2032)
       4.4.2   Rigid PVC
           4.4.2.1   Production 2018-2032)
   4.5   Global PVC Compound Market Demand Analysis, By Polymer Type
       4.5.1   Flexible PVC
           4.5.1.1   Demand Analysis and Forecast (2018-2032)
       4.5.2   Rigid PVC
           4.5.2.1   Demand Analysis and Forecast (2018-2032)
   4.6   Global PVC Compound Market Demand Analysis, by Application
       4.6.1   Pipe and Fittings
           4.6.1.1   Demand Analysis and Forecast (2018-2032)
       4.6.2   Films and Sheets
           4.6.2.1   Demand Analysis and Forecast (2018-2032)
       4.6.3   Profiles and Tubes
           4.6.3.1   Demand Analysis and Forecast (2018-2032)
       4.6.4   Wires and Cables
           4.6.4.1   Demand Analysis and Forecast (2018-2032)
       4.6.5   Others
   4.7   Global PVC Compound Market by Region
       4.7.1   North America
           4.7.1.1   Demand Analysis and Forecast (2018-2032)
           4.7.1.2   Market by Polymer Type (2018-2032)
           4.7.1.3   Market by Application (2018-2032)
       4.7.2   Europe
           4.7.2.1   Demand Analysis and Forecast (2018-2032)
           4.7.2.2   Market by Polymer Type (2018-2032)
           4.7.2.3   Market by Application (2018-2032)
       4.7.3   Asia Pacific
           4.7.3.1   Demand Analysis and Forecast (2018-2032)
           4.7.3.2   Market by Polymer Type (2018-2032)
           4.7.3.3   Market by Application (2018-2032)
       4.7.4   Latin America
           4.7.4.1   Demand Analysis and Forecast (2018-2032)
           4.7.4.2   Market by Polymer Type (2018-2032)
           4.7.4.3   Market by Application (2018-2032)
       4.7.5   Middle East and Africa
           4.7.5.1   Demand Analysis and Forecast (2018-2032)
           4.7.5.2   Market by Polymer Type (2018-2032)
           4.7.5.3   Market by Application (2018-2032)
   4.8   Global PVC Compound Supply Demand Gap, By Region
       4.8.1   North America
           4.8.1.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.2   Europe
           4.8.2.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.3   Asia Pacific
           4.8.3.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.4   Latin America
           4.8.4.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.8.5   Middle East and Africa
           4.8.5.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
5   North America PVC Compound Market Analysis
   5.1   United States of America
       5.1.1   Demand Analysis and Forecast (2018-2032)
       5.1.2   Demand Supply Gap
   5.2   Canada
       5.2.1   Demand Analysis and Forecast (2018-2032)
       5.2.2   Demand Supply Gap
6   Europe PVC Compound Market Analysis
   6.1   Germany
       6.1.1   Demand Analysis and Forecast (2018-2032)
       6.1.2   Demand Supply Gap
   6.2   UK
       6.2.1   Demand Analysis and Forecast (2018-2032)
       6.2.2   Demand Supply Gap
   6.3   France
       6.3.1   Demand Analysis and Forecast (2018-2032)
       6.3.2   Demand Supply Gap
   6.4   Italy
       6.4.1   Demand Analysis and Forecast (2018-2032)
       6.4.2   Demand Supply Gap
   6.5   Spain
       6.5.1   Demand Analysis and Forecast (2018-2032)
       6.5.2   Demand Supply Gap
   6.6   Others
7   Asia Pacific PVC Compound Market Analysis
   7.1   China
       7.1.1   Demand Analysis and Forecast (2018-2032)
       7.1.2   Demand Supply Gap
   7.2   Japan
       7.2.1   Demand Analysis and Forecast (2018-2032)
       7.2.2   Demand Supply Gap
   7.3   India
       7.3.1   Demand Analysis and Forecast (2018-2032)
       7.3.2   Demand Supply Gap
   7.4   South Korea
       7.4.1   Demand Analysis and Forecast (2018-2032)
       7.4.2   Demand Supply Gap
   7.5   ASEAN
       7.5.1   Demand Analysis and Forecast (2018-2032)
       7.5.2   Demand Supply Gap
   7.6   Australia
       7.6.1   Demand Analysis and Forecast (2018-2032)
       7.6.2   Demand Supply Gap
   7.7   Others
8   Latin America PVC Compound Market Analysis
   8.1   Brazil
       8.1.1   Demand Analysis and Forecast (2018-2032)
       8.1.2   Demand Supply Gap
   8.2   Argentina
       8.2.1   Demand Analysis and Forecast (2018-2032)
       8.2.2   Demand Supply Gap
   8.3   Mexico
       8.3.1   Demand Analysis and Forecast (2018-2032)
       8.3.2   Demand Supply Gap
   8.4   Others
9   Middle East and Africa PVC Compound Market Analysis
   9.1   Saudi Arabia
       9.1.1   Demand Analysis and Forecast (2018-2032)
       9.1.2   Demand Supply Gap
   9.2   United Arab Emirates
       9.2.1   Demand Analysis and Forecast (2018-2032)
       9.2.2   Demand Supply Gap
   9.3   Nigeria
       9.3.1   Demand Analysis and Forecast (2018-2032)
       9.3.2   Demand Supply Gap
   9.4   South Africa
       9.4.1   Demand Analysis and Forecast (2018-2032)
       9.4.2   Demand Supply Gap
   9.5   Others
10   Growth Opportunities and Strategic Analysis
   10.1   Supply Chain Analysis and Its Component
   10.2   Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in the Last One Year and the Last one Quarter
   10.3   Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in Next One Year and the Next one
   10.4   Impact Analysis in Price and Demand after Force Majeure Events, and Plant Closures
   10.5   Environmental Considerations and Government Regulations
   10.6   Technology Innovation and Its Impact on Production and Application
   10.7   Challenges and Opportunities Faced by Existing Manufacturers
   10.8   Potential Risks and Barriers to Entry for New Players
11   Competitive Landscape
   11.1   Market Structure
   11.2   Company Profiles
       11.2.1   Westlake Chemical Corporation
           11.2.1.1   Company Overview
           11.2.1.2   Product Portfolio and Major Grades
           11.2.1.3   Capacity by Location
           11.2.1.4   Expansion Plan
           11.2.1.5   Major Consumers
           11.2.1.6   Revenue from POI
           11.2.1.7   Technological Innovation and Sustainability
       11.2.2   Shin-Etsu Chemicals Co. Ltd.
           11.2.2.1   Company Overview
           11.2.2.2   Product Portfolio and Major Grades
           11.2.2.3   Capacity by Location
           11.2.2.4   Expansion Plan
           11.2.2.5   Major Consumers
           11.2.2.6   Revenue from POI
           11.2.2.7   Technological Innovation and Sustainability
       11.2.3   Formosa Chemicals & Fibre Corporation
           11.2.3.1   Company Overview
           11.2.3.2   Product Portfolio and Major Grades
           11.2.3.3   Capacity by Location
           11.2.3.4   Expansion Plan
           11.2.3.5   Major Consumers
           11.2.3.6   Revenue from POI
           11.2.3.7   Technological Innovation and Sustainability
       11.2.4   Orbia
           11.2.4.1   Company Overview
           11.2.4.2   Product Portfolio and Major Grades
           11.2.4.3   Capacity by Location
           11.2.4.4   Expansion Plan
           11.2.4.5   Major Consumers
           11.2.4.6   Revenue from POI
           11.2.4.7   Technological Innovation and Sustainability
       11.2.5   Ineos Group Ltd.
           11.2.5.1   Company Overview
           11.2.5.2   Product Portfolio and Major Grades
           11.2.5.3   Capacity by Location
           11.2.5.4   Expansion Plan
           11.2.5.5   Major Consumers
           11.2.5.6   Revenue from POI
           11.2.5.7   Technological Innovation and Sustainability
       11.2.6   GEON Performance Solutions
           11.2.6.1   Company Overview
           11.2.6.2   Product Portfolio and Major Grades
           11.2.6.3   Capacity by Location
           11.2.6.4   Expansion Plan
           11.2.6.5   Major Consumers
           11.2.6.6   Revenue from POI
           11.2.6.7   Technological Innovation and Sustainability
       11.2.7   Mitsubishi Chemical Corporation
           11.2.7.1   Company Overview
           11.2.7.2   Product Portfolio and Major Grades
           11.2.7.3   Capacity by Location
           11.2.7.4   Expansion Plan
           11.2.7.5   Major Consumers
           11.2.7.6   Revenue from POI
           11.2.7.7   Technological Innovation and Sustainability
       11.2.8   PKN Orlen S.A
           11.2.8.1   Company Overview
           11.2.8.2   Product Portfolio and Major Grades
           11.2.8.3   Capacity by Location
           11.2.8.4   Expansion Plan
           11.2.8.5   Major Consumers
           11.2.8.6   Revenue from POI
           11.2.8.7   Technological Innovation and Sustainability
       11.2.9   Ercros
           11.2.9.1   Company Overview
           11.2.9.2   Product Portfolio and Major Grades
           11.2.9.3   Capacity by Location
           11.2.9.4   Expansion Plan
           11.2.9.5   Major Consumers
           11.2.9.6   Revenue from POI
           11.2.9.7   Technological Innovation and Sustainability
       11.2.10   Teknor Apex
           11.2.10.1   Company Overview
           11.2.10.2   Product Portfolio and Major Grades
           11.2.10.3   Capacity by Location
           11.2.10.4   Expansion Plan
           11.2.10.5   Major Consumers
           11.2.10.6   Revenue from POI
           11.2.10.7   Technological Innovation and Sustainability
       11.2.11   Benvic Group
           11.2.11.1   Company Overview
           11.2.11.2   Product Portfolio and Major Grades
           11.2.11.3   Capacity by Location
           11.2.11.4   Expansion Plan
           11.2.11.5   Major Consumers
           11.2.11.6   Revenue from POI
           11.2.11.7   Technological Innovation and Sustainability
       11.2.12   AURORA Materials Solutions
           11.2.12.1   Company Overview
           11.2.12.2   Product Portfolio and Major Grades
           11.2.12.3   Capacity by Location
           11.2.12.4   Expansion Plan
           11.2.12.5   Major Consumers
           11.2.12.6   Revenue from POI
           11.2.12.7   Technological Innovation and Sustainability
12   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global PVC Compound Market: Key Industry Highlights, 2018 and 2032
2.   Global PVC Compound Market Supply Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
3.   Global PVC Compound Market Production Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
4.   Global PVC Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
5.   Global PVC Compound Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
6.   Global PVC Compound Market Demand Analysis: Breakup by Region (Thousand Tonnes), 2018-2032
7.   Global PVC Compound Market Supply Demand Gap: Breakup by Region (Thousand Tonnes), 2018-2032
8.   North America PVC Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
9.   North America PVC Compound Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
10.   North America PVC Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
11.   North America PVC Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
12.   Europe PVC Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
13.   Europe PVC Compound Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
14.   Europe PVC Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
15.   Europe PVC Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
16.   Asia Pacific PVC Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
17.   Asia Pacific PVC Compound Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
18.   Asia Pacific PVC Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
19.   Asia Pacific PVC Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
20.   Latin America PVC Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
21.   Latin America PVC Compound Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
22.   Latin America PVC Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
23.   Latin America PVC Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
24.   Middle East and Africa PVC Compound Market Demand Analysis: Breakup by Polymer Type (Thousand Tonnes), 2018-2032
25.   Middle East and Africa PVC Compound Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
26.   Middle East and Africa PVC Compound Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
27.   Middle East and Africa PVC Compound Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
28.   Global PVC Compound Market Structure

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