Dublin, Nov. 24, 2023 (GLOBE NEWSWIRE) — The “Asia Pacific Dry PVC Compound Market Size, Share & Trends Analysis Report By Application (Films And Sheets, Wires And Cables, Pipes And Fittings, Profiles, Hoses, And Tubing, Edge Band), By End Use, By Region, And Segment Forecasts, 2023-2030” report has been added to ResearchAndMarkets.com’s offering.
The Asia Pacific dry PVC compound market size is expected to reach USD 4.79 billion by 2030, and is expected to expand at a CAGR of 7.9% from 2023 to 2030
The rise in demand for electrical and electronic bias across the region, owing to the technological developments and R&D in the electrical and electronics market is expected to drive the market growth over the forecast period. Furthermore, increasing spending by governments on construction and infrastructure, especially in India and China, is expected to augment the demand for dry Polyvinyl Chloride (PVC) compounds.
Growing demand for beverages is expected to fuel the demand for dry PVC compounds in various applications such as containers and bottles, among others. The rising popularity of pre-packaged meals, bottled water, and beverage consumption among consumers, as well as the growing number of supermarkets and restaurants, is driving the growth of the PVC compounds market in the region.
Moreover, industries such as food and beverage and cosmetics and medicinal products utilize PVC flexible packaging. This is primarily due to its characteristics such as lightweight and ease of usage.
Due to increasing demand for packaged food and private investments by market players, the industry is projected to witness considerable growth in the coming years. Additionally, Asia Pacific remains the most lucrative market for the manufacturers of PVC packaging due to strong domestic demand and the availability of cheap labor.
Furthermore, increasing awareness among consumers regarding safety and health hazards for various industries including healthcare, construction, wire & cable, and automotive, is expected to drive the regional demand for dry PVC compounds over the forecast period.
Asia Pacific Dry PVC Compound Market Report Highlights
- In terms of revenue, the films and sheets accounted for a prominent share of the market in 2022 and is further expected to witness prominent growth over the forecast period
- The building and construction end-use dominated the market and accounted for more than 33.0% of the revenue share in 2022. With increasing emphasis on energy-efficient and sustainable construction practices, the demand for dry PVC compounds in building and construction is expected to rise in the Asia Pacific region
- As of 2022, China accounted for more than 30.50% of the market share in terms of revenue. Rise in infrastructure investments is creating demand for dry PVC compounds in the country. Moreover, the rising popularity of pre-packaged meals, bottled water, and beverage consumption among consumers is driving the market growth
- Due to the rising use of dry PVC compounds in the building industry, major leading players are constantly working on developing their manufacturing plants. Furthermore, many organizations have begun to focus on techniques such as mergers and acquisitions in order to widen their product line and improve their market presence. For instance, in May 2023, Formosa Plastics Corporation completed the expansion of its Baton Rouge PVC Plant in Louisiana. Baton Rouge PVC plant can now produce 372 million tons of PVC per day. Formosa will use the byproducts of halogenated acids to make vinyl chloride monomer (VCM). The company expects that by modernizing PVC production, its material output and sales will increase by 20%
Company Profiles
- TP Polymer Private Limited
- NHAT HUY GROUP
- AGC Vinythai
- Shin-Etsu Chemical Co., Ltd.
- Prism Masterbatches
- Sinochem Holdings Corporation Ltd.
- Hanwha Solutions
- Xinjiang Zhongtai Chemical Co., Ltd.
- SCG Chemicals Public Company Limited
- NAN YA PLASTICS CORPORATION
- East Hope Group
- Vinacompound Co. Ltd.
- Teknor Apex
- RIKEN TECHNOS CORP
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 110 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $2.62 Billion |
| Forecasted Market Value (USD) by 2030 | $4.79 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Asia Pacific |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Snapshot, 2021 (USD Million)
2.2. Segmental Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Asia Pacific Dry PVC Compounds Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. End-Use Trends
3.4. Regulatory Framework
3.4.1. Standard & Compliances
3.4.2. Safety
3.5. Market Dynamics
3.6. Industry Analysis – Asia Pacific Dry PVC Compounds Market
3.6.1. Porter’s Five Force Analysis
3.6.2. PESTEL Analysis
3.6.3. Impact of COVID-19 on Asia Pacific Dry PVC Compounds Market
3.6.4. Impact of Russia & Ukraine geopolitical implications on Asia Pacific Dry PVC Compounds Market
Chapter 4. Asia Pacific Dry PVC Compounds Market: Application Estimates & Trend Analysis
4.1. Application movement analysis & market share, 2022 & 2030
4.2. Films and Sheets
4.2.1. Asia Pacific Dry PVC Compounds Market, estimate and forecasts, by Films and Sheets, 2018 – 2030 (Kilotons) (USD Million)
4.3. Wires and Cables
4.4. Pipes and Fittings
4.5. Profiles, Hoses, and Tubing
4.6. Edge Band
Chapter 5 Asia Pacific Dry PVC Compounds Market: End-Use Estimates & Trend Analysis
5.1 End-Use movement analysis & market share, 2022 & 2030
5.1 Automotive
5.1.1 Asia Pacific Dry PVC Compounds Market, estimate and forecasts, by automotive, 2018 – 2030 (Kilotons) (USD Million)
5.2 Building & Construction
5.3 Consumer Goods
5.4 Packaging
5.5 Medical
5.6 Footwear
5.7 Toys
Chapter 6 Asia Pacific Dry PVC Compounds Market: Country Estimates & Trend Analysis
6.1 Country movement analysis & market share, 2022 and 2030
6.1.1 China
6.1.1.1 China Dry PVC Compounds Market estimates and forecasts, 2018 – 2030 (Kilotons) (USD million)
6.1.1.2 China Dry PVC Compounds Market estimates and forecasts, by Application, 2018 – 2030 (Kilotons) (USD Million)
6.1.1.3 China Dry PVC Compounds Market estimates and forecasts, by End-Use, 2018 – 2030 (Kilotons) (USD Million)
6.1.2 Japan
6.1.3 India
6.1.4 Australia
6.1.5 Southeast Asia
Chapter 7 Competitive Landscape
7.1 Key global players and recent developments & their impact on the industry
7.2 Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3 Vendor Landscape
7.4 List of key Distributors and Channel Partners
7.5 Key Potential Customers
7.6 Public Companies
7.7 Competitive Dashboard Analysis
7.8 Public & Private Companies
7.9 List of Key Emerging Companies/Technology Disruptors/Innovators
For more information about this report visit https://www.researchandmarkets.com/r/q34slz
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