The global polyvinyl chloride market size surpassed USD 70,161 million in 2024 and is predicted to reach around USD 1,00,898 million by 2034, registering a CAGR of 3.7% from 2024 to 2034.
The polyvinyl chloride market refers to the industry that includes the production, distribution, and utilization of polyvinyl chloride, a polymer made from vinyl chloride polymerization. Polyvinyl chloride is used in various applications such as building and construction, health care, electronics, automobiles, and other sectors. Due to increasing urbanization, industrialization, and high infrastructure investments, the utilization of PVC pipes, fittings, channels, and other building materials, which are durable, corrosion-resistant, and cheap, is the reason for the growing market.
Fluctuations in raw material pricing and environmental concerns are the highlighted concerns for the market expansion. Despite this, the polyvinyl chloride market is expected to grow due to the increasing durability and reliability of the material, mainly due to technological advancement. In the future, introducing eco-friendly PVC will propel the market due to its sustainability, the rising demand for eco-friendly solutions, and rising industrialization. Also, due to the growing healthcare sector, using PVC with its sterilizing properties in the market has a significant future.
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| Stats ID: | 7075 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7075 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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