Emulsion PVC Market Size & Share, by Product Grade (Micro-Suspension, Micro-seeded, Specialty); End Use (Construction, Automotive, Healthcare); Application (Toys, Gloves, Synthetic Leather, Electrical Cables, Sports Equipment, Stationary) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5908
  • Published Date: Mar 22, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024- 2036

Emulsion PVC Market size is expected to reach USD 50 billion by the end of 2036, growing at a CAGR of 7% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of emulsion PVC was USD 6 billion. The growth of this market can be attributed to the escalating global population added up by the increasing demand for consumer goods among the population. Owing to its amazing water resistivity and cheap price emulsion PVC is used on a large scale in the production of consumer products such as sports components, toys, and stationary products. From an estimated 2.5 billion people in 1950, the world's population increased by 1 billion in 2010 and 2 billion since 1998, reaching a total of 8.1 billion by mid-November 2022.

Furthermore, increasing demand for synthetic leather in multiple end-use sectors for example in the automotive, and textile industries are supporting lucrative growth opportunities for the emulsion PVC market in the projected period. Additionally, emulsion PVC is widely utilized in the manufacturing of cushions, seat covers, and jackets.


Emulsion PVC Market
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Emulsion PVC Sector: Growth Drivers and Challenges

Growth Drivers

  • Expansion of Packaging Industry - The emulsion PVC market is anticipated to develop at a faster rate in the future due to the packaging industry's rising expansion. PVC emulsion is preferred for a variety of items, including items used by the grocery store and e-commerce industries, due to its cost-effectiveness, robustness, and barrier qualities. For example, in May 2022, the German trade group VDMA stated that the food processing and packaging machinery sector in Germany brought in €14.8 billion in sales in 2021-a 7% rise over 2020.
  • Demand for Eco-friendly Products - The current state of the emulsion PVC market is dynamic, reflecting the shifting conditions of the chemical sector. As the demand for sustainable practices develops, manufacturers are placing more attention on formulas and production procedures that are ecologically friendly. In addition, rising demand from end-use sectors like construction, automotive, and packaging is driving innovation and dictating the future direction of the emulsion PVC market.

Challenges

  • Fluctuating Raw Material Prices - The growth of this market is set to be hampered by the increasing fluctuation of raw material prices and the cost required for the production of emulsion PVC is a bit high in comparison with the solvent-based organic products. This is a significant factor hampering the market growth in the upcoming period.
  • Strict Government Regulations Associated with Production is Set to Hinder the Market Growth in the Upcoming Period
  • Side Effects Associated with it is another important factor restricting the emulsion PVC market growth in the forecast period.

Emulsion PVC Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2036

CAGR

~7%

Base Year Market Size

~USD 6 billion

Forecast Year Market Size

~USD 50 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Emulsion PVC Segmentation

Application (Toys, Gloves, Synthetic Leather, Electrical Cables, Sports Equipment, Stationary)

Based on application, the synthetic leather segment is predicted to account for 30% share of the global emulsion PVC market by the end of 2036. PVC emulsion is widely used in the production of synthetic leather because of its superior qualities, which include flexibility, durability, and water resistance, which make it the perfect material for the job. Vinyl chloride monomer is the starting point for PVC emulsion, a particular kind of polymer that is created via emulsion polymerization. PVC emulsion is used as a coating substance to a fabric substrate in the production of synthetic leather, giving the material a feel and look like to that of real leather. PVC emulsion coating gives synthetic leather superior qualities including durability, water resistance, and abrasion resistance.

End Use (Construction, Automotive, Healthcare)

Based on end use, construction segment is predicted to account for 40% share of the global emulsion PVC market during the forecast period. The growth of the PVC emulsion market will be strongly supported by developments in the construction industry. The construction industry is composed of sectors that are involved in production and trade, which have an interest in building, maintaining, or improving infrastructure. To provide a barrier against oxygen, moisture, and anticorrosion properties, PVC in construction is used to coat building materials. In 2020, there was a 15.08 percent increase in the construction of residential buildings from 12,00,000 in 2019 to 13 81,000.

Our in-depth analysis of the global market includes the following segments:

          Product Grade

  • Micro-Suspension
  •  Micro-seeded
  • Specialty

          End Use

  • Construction
  • Automotive
  • Healthcare

          Application

  • Toys
  • Gloves
  • Synthetic Leather
  •  Electrical Cables
  • Sports Equipment
  •  Stationary

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Emulsion PVC Industry- Regional Synopsis

APAC Market Forecasts

The emulsion PVC market in the Asia Pacific region is set to hold the largest revenue share of 35% during forecast period. In the Asia Pacific region, China has emerged as a leading supplier of emulsion PVC and is likely to maintain its position in the forecast period. The growth of the PVC emulsion industry in this country is supported by growing construction and automobile industries. The construction sector in China is expected to grow by 5% a year, according to the report. By 2023, and the country is increasingly focused on green buildings to support this growth.  According to the report, China's National Green Building Council has laid down a standard of green building for government buildings such as hospitals, schools, museums, and sports venues. This is not only contributing to the construction industry's expansion but also giving rise to new possibilities for suppliers of emulsions PVC.

North American Market Statistics

The emulsion PVC market in the North America is predicted to grow substantially during the projected period. The growth of this market in the region can be primarily driven by the presence of established industries and growing technological advancement. Growing research and development are offering emulsion PVC with enhanced recyclability and eco-friendly manufacturing processes appealing to an expanding environmentally oriented market segment. Besides this, increasing advancement in emulsion PVC properties such as heat resistance, flame retardancy, and better performance is anticipated to boost the integration of emulsion PVC at various applications in multiple sectors in the region.

Research Nester
Emulsion PVC Markets size
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Companies Dominating the Emulsion PVC Landscape

top-features-companies
    • Vinnolist GmbH & Co. KG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Kem One
    • Mexichem
    • INEOS Group Limited
    • Solvay
    • Cires
    • Anwil SA
    • Arkema S.A.
    • ATF
    • BASF SE

In-the-news

In The News

  • Customers were informed by Mexico-based PVC manufacturer Orbia that the company will be closing its Pedricktown, New Jersey emulsion-PVC facility because of market and global economic downturn. Orbia informed consumers that the factory will cease by the end of 2024, however some services could be carried out into the first quarter of 2025 in order to fulfill agreements with site partners. The facility can produce 60,000 metric tons of paste-PVC, or E-PVC, annually.
  • Kaneka Corporation has launched a new line of Kaneka's PVC Kanevinyl Paste for wallpapers, floors, and other applications that are used in everyday life.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5908
  • Published Date: Mar 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing packaging sector and growing demand for eco-friendly products are some of the major factors anticipated to drive the growth of the emulsion PVC market.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are of Solvay, Cires, Anwil SA, Arkema S.A., ATF, BASF SE, and others.

The construction segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Emulsion PVC Market Report Scope
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