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The global PVC market reached around 28.93 MMT in 2024. The market is projected to grow at a CAGR of 4.3% between 2025 and 2034 to reach nearly 42.26 MMT by 2034.
Global PVC Market Report Summary | Description | Value |
Base Year | MMT | 2023 |
Historical Period | MMT | 2018-2024 |
Forecast Period | MMT | 2025-2034 |
Market Size 2024 | MMT | 28.93 |
Market Size 2034 | MMT | 42.26 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 4.3% |
CAGR 2025-2034 - Market by Region | Asia Pacific | 5.0% |
CAGR 2025-2034 - Market by Country | India | 5.7% |
CAGR 2025-2034 - Market by Country | China | 4.7% |
CAGR 2025-2034 - Market by Product Type | Chlorinated PVC | 4.9% |
CAGR 2025-2034 - Market by End Use | Building and Construction | 5.1% |
Market Share by Country 2023 | UK | 3.7% |
During the first 9 months of 2023, the USA’s PVC exports recorded a year-on-year growth of 35%. While Canada imported 365 kilotons of PVC, Mexico imported 234 kilotons of PVC and became the second-largest buyer of the USA, recording a year-on-year surge of 9%. Exports to India (205 kilotons), Brazil (50 kilotons), UAE (53 kilotons), Vietnam (79 kilotons), Turkey (170 kilotons), China (140 kilotons), and EU27 (210 kilotons) surged by 400%, 355%, 165%, 107%, 106%, and 100%, respectively. The United States is further planning to expand its existing production capacity by 3,80,000 tons in 2024.
Globally, 48 million tons of PVC is consumed by a wide range of sectors such as construction, and packaging for various purposes. In 2020, 731,461 million tons of PVC was recycled within Europe by the European Council of Vinyl Manufacturers. Based on production, PVC is the third most popular synthetic plastic polymer due to its strong and lightweight nature.
The construction sector of Egypt and Kenya is expected to grow at a CAGR of 8% over the forecast period, due to increasing government investments in infrastructure development. This is expected to increase the demand for PVC for manufacturing wires and cables, pipings and fittings, and tubings and hoses, among others.
Global PVC Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
CAGR 2025-2034 - Market by | Product Type |
Chlorinated PVC | 4.9% |
Rigid PVC | 4.6% |
Flexible PVC | XX% |
Low Smoke PVC | XX% |
Others | XX% |
Market Breakup by Stabiliser Type
Market Breakup by Application
Market Breakup by End Use
CAGR 2025-2034 - Market by | End Use |
Building and Construction | 5.1% |
Healthcare | 4.8% |
Automotive | XX% |
Electrical and Electronics | XX% |
Packaging | XX% |
Others | XX% |
Market Breakup by Region
CAGR 2025-2034 - Market by | Region |
Asia Pacific | 5.0% |
Europe | 3.7% |
North America | XX% |
Latin America | XX% |
Middle East and Africa | XX% |
CAGR 2025-2034 - Market by | Country |
India | 5.7% |
China | 4.7% |
Mexico | 4.3% |
UK | 3.9% |
USA | 3.8% |
Canada | XX% |
Germany | 3.5% |
France | XX% |
Italy | XX% |
Japan | XX% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the Asia Pacific and Europe are expected to grow at a CAGR of 5.0% and 3.7% respectively, due to rising infrastructure development and construction activities.
2023 Market Share by | Country |
UK | 3.7% |
USA | XX% |
Canada | XX% |
Germany | XX% |
Major end-users of plastics are focusing on using recycled PVC as an industrial raw material to reduce carbon emissions and achieve net zero targets, as per their corporate social responsibility strategy.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Stabiliser Type |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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.*
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The market reached nearly in 28.93 MMT 2024.
The market is projected to grow at a CAGR of 4.3% between 2025 and 2034.
The market is assessed to witness healthy growth in the forecast period to reach around 42.26 MMT in 2034.
The different types of products rigid PVC, flexible PVC, low smoke PVC, and chlorinated PVC, among others.
The different applications of PVC include pipes and fittings, film and sheets, wires and cables, bottles, and profiles, hoses, and tubings, among others.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are INEOS AG, Westlake Corp., Formosa Plastics Corp., LG Corp. (LG Chem Ltd.), Occidental Petroleum Corp., Saudi Basic Industries Corporation SJSC, Orbia Advance Corporation SAB de CV, Shin-Etsu Chemical Co. Ltd., Xinjiang Zhongtai Chemical Co. Ltd., and KEM ONE SAS, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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