banner

PVC Market - A Booming Realm in the World of Plastic

PVC, often known as vinyl, is a thermoplastic substance with great strength that is frequently used in applications including wire and cable insulation, pipes, and medical equipment. After polyethylene and polypropylene, it is the third-largest thermoplastic substance in the world by volume. It is a solid, white, brittle substance that comes in granules or powder form. Conventional building materials are now largely being replaced by PVC. Some of these materials include concrete, rubber, wood, metal, ceramics, and others. This is as a result of its adaptable qualities, such as lightweight, durability, low cost, and ease of processing. PVC is naturally amorphous, making it easy to mix with other substances and chemicals. Numerous properties, including anti-mist, various colors, elasticity, fire retardancy, flexibility, impact resistance, and microbe prevention, can be added to products depending on the additives used in PVC manufacture. The size of the worldwide polyvinyl chloride (PVC) market is anticipated to be over USD 106 billion, with a CAGR of 4% during 2023-2035. The growth can be attributed to rising demand from sectors such as packaging, construction, and health care. The market is anticipated to be driven by the rising demand for PVC. PVC is widely utilized in the construction sector as pipes, windows, floors, and roofing since it is lightweight and durable.

Features of PVC:

  • It requires less maintenance and has oil and grease resistance.
  • PVC goods have the property to self-extinguish as they have a higher chlorine concentration.
  • As a result of its high dielectric strength and vapor barrier capacity, PVC is a great insulation material.
  • By adding plasticizers such as phthalate, PVC can be made more malleable and softer and bent to meet needs.
  • PVC is a material that is lightweight, strong, and abrasion-resistant by nature.
graph

Applications of PVC:

  • PVC in Healthcare: Plastic has established itself as a secure, dependable, and economical material for healthcare applications over time. For instance, PVC blood-collection bags, which forms to be a crucial advancement in the field of medical science, have the properties of being flexible and unbreakable. These properties aid in the use of these bags in ambulatory medicine and also helps in acting as a basis for contemporary blood banks. Medical plastics is employed in numerous additional medical applications and equipment. These items include oxygen masks, examination and surgical gloves, blister packing, catheters and cannulae, endotracheal tubing, "artificial skin" for emergency burns treatment, inflatable splints, PVC-coated mattress covers, and overshoes. They also include blood vessels for prosthetic kidneys. PVC makes up about 40% of all disposable medical equipment made of plastic that is used in hospitals.
  • PVC in Houses: In the household arena, PVC is widely used in manufacturing raincoats, boots, and shower curtains among others. This is because of the functional properties that this chemical compound carries, such as its accessibility, toughness, and being highly water resistant.
  • PVC in Packaging: PVC is adaptable, light, affordable, transparent, durable, and secure. In comparison to other packaging materials such as metal or glass, it offers great organoleptic qualities (does not change the taste of these packaged food) and uses less fuel during manufacturing and transportation. Additionally, it guards against contamination by assisting in limiting the spread of germs throughout production, distribution, and exhibition, especially when used in conjunction with cling film. Furthermore, by using flexible PVC in packaging, the integrity of the contents inside the packaged box is maintained, thereby preventing from losses during transportation of the goods. Flexible PVC are known to have the properties of being strong, dependable, and lightweight.
  • PVC in Construction and Buildings: The majority of vinyl produced is used in durable building and construction applications. Vinyl is perfect for cladding, windows, roofing, fences, decking, wall coverings, and flooring since it is sturdy and resistant to moisture and abrasion. Vinyl can be cleaned with simple cleaning agents and does not corrode and also does not need to be painted frequently. Vinyl can survive challenging conditions inside building walls for the duration of the structure, including exposure to shifting temperatures and moisture. Furthermore, the lack of accumulation contributes to the higher performance and increased energy efficiency of PVC piping. PVC contributes to energy and water conservation by creating nearly leak-free pipes that are resistant to corrosion and environmental stress.
  • PVC in Electronics: PVC was first employed as cable insulation as a substitute for rubber during the Second World War and is still commonly used today. PVC cables are used in a wide range of applications, from telecommunications to electric blankets, and do not harden or crack over time.
  • PVC in Sports: The majority of the equipment used by athletes, including the clothing and footwear they wear, as well as the surfaces on which they compete, is made of PVC in combination with other plastic additives. PVC is widely utilized in the construction of sporting stadiums since it is a highly adaptable building material with a positive environmental impact. This covers use in flooring, seating, roofing, piping, and electrical wiring.

Impact of PVC on Environment:

One of the most toxic plastics considered for our environment as well as health is known to be polyvinyl chloride (PVC). No other plastic except PVC has as many hazardous compounds in it or releases them. These include lead, cadmium, vinyl chloride, phthalates, organotins, dioxins, and ethylene dichloride. PVC materials cannot be produced, used, or disposed of in a safe manner. Particularly susceptible to chemical exposure are children. PVC and phthalates in construction materials have been linked in several studies to both childhood and adult asthma. Furthermore, dioxin has a wide range of non-cancer consequences on both humans and animals, including immune, endocrine, reproductive, and developmental issues.


Recycling Initiatives in the PVC Industry:

PVC's structure and makeup make it very simple to mechanically recycle, producing high-quality recycling material. To ensure that significant amounts of PVC can be reused in a new generation of cutting-edge, energy-efficient, sustainable goods, the PVC industry has made significant investments around the globe to build sophisticated recycling schemes. This investment has allowed for the massive global recycling of items such as doors and PVC-U windows in addition to production waste. For instance, in the European Union (EU), as per the statistics by Eurostat, the amount of plastic packaging waste recycled increased from 9.83 Kilograms per capita in the year 2010 to 13.01 Kilograms per capita in the year 2020.

graph

What’s New?

Oriented poly vinyl chloride (OPVC) pipes, which are specifically made for use in high-pressure water conveyance, are now being produced using innovative technology. It had been developed by significantly enhancing the mechanical characteristics of plastic pipes. Although it is constructed of plastic, its ability to handle pressure is comparable to that of metal pipes. OPVC pipes have thinner walls than ductile iron pipes do. Therefore, compared to ductile iron pipes of the same dimension, its hydraulic capacity is 15% to 40% higher. Owing to its flexibility, OPVC pipes are able to tolerate internal diameter deformation without developing fissures. They instantly return to their normal shape in the event of flattening or any other mechanical catastrophe. Additionally, there is no danger of injury from machines or sharp items such as stones. OPVC pipes provide a number of significant benefits over ductile iron pipes, one of which is their resistance to corrosion and chemical deterioration.

Why is the Asia Pacific Region's PVC Market Booming?

The market having the largest sales of PVC is Asia-Pacific, which holds more than 50% of the global market. Owing to rising middle-class affluence, urbanization, and a growing population, Asia-Pacific has the largest worldwide construction sector and is expanding at a healthy rate. Growing demand from developing nations, particularly those with economies based on agriculture especially in India, China, Indonesia, and others., is what is driving the demand for PVC pipes and fittings. The largest manufacturer of PVC in the world, China, has developed into a major center for manufacturing and industry globally in recent years. With rising demand from end-user sectors such as construction, automotive, electronics, packaging, and others, the Chinese market is anticipated to have considerable expansion. Furthermore, As Japan prepares to host the World Expo in Osaka in 2025, the construction industry is predicted to experience significant growth.


Conclusion

The novel drug delivery system is the new face of drug administration which has a lot of potential for growth and development. This growth and development when integrated with research and innovation can reach new heights of profitability. But there are many challenges with novel drug delivery that need to be addressed like the difficulty of conducting clinical research, development of simple bioassays for biological standardization, toxicological evaluation methods’ development, investigation of their sites of absorption, and safety evaluation, legal and regulatory aspects of drugs, etc. With the overcoming of these hurdles, the potential of the market can be reached fruitfully.

graph

Contact Us

swara-keni
Swara Keni

Head- Global Business Development

Ready to talk?

I want to talk to your experts in:

We work with ambitious leaders who want to define the future, not hide from it. Together, we achieve extraordinary outcomes.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Connect With Our Consultant