市場調查報告書
商品編碼
1588585
全球聚氯乙烯 (PVC) 市場 - 2024-2031Global Polyvinyl Chloride (PVC) Market - 2024-2031 |
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概述
2023年全球聚氯乙烯(PVC)市場規模達453.0億美元,預計2031年將達到609.5億美元,2024-2031年預測期間複合年成長率為3.78%。
在整個預測期內,全球聚氯乙烯(PVC)市場的預期獲利前景包括建築和汽車行業鋼鐵需求的成長。此外,海上擴張的增加、亞太和北美海洋部門的擴大以及各地區基礎設施的改善將在預計的時間內增加全球對聚氯乙烯(PVC)的需求。
然而,這些風險也導致限制防腐保護塗層擴張的政府法律增加。此外,生物基聚氯乙烯(PVC)生產的研發投資預計將為該產業創造獲利成長前景。
美國總統辦公室發布的分析顯示,美國聯邦政府擬在十年內撥款2兆美元用於基礎建設。該國的特點是低風險氣候、新冠疫情爆發前具有彈性的經濟以及強勁的銀行業。
近年來,這些因素為投資者帶來了一些前景,預計將刺激基礎設施投資,包括新的基礎設施項目和該國現有建築的翻修。預計這將增加美國建築業對聚氯乙烯(PVC)的需求。
動力學
對耐用和可定製材料的需求不斷成長
PVC 市場的發展受到生產服裝和配件等消費品所需的柔韌耐用材料不斷成長的有利影響。此外,PVC 以其耐用性而聞名,這是消費品行業的基本品質。 PVC 製成的產品,例如乙烯基地板、窗框和管道,能夠承受磨損、接觸化學物質和天氣的影響。
由於其耐用性,消費品可以保證具有更長的使用壽命,從而減少了頻繁更換的頻率。 PVC 的顏色、紋理和厚度可以改變以滿足特定要求,這可以透過客製化來完成。正因為如此,生產商能夠創造出滿足各種美學偏好的消費品,同時仍保持適當的靈活性和耐用性。
對環保 PVC 的需求不斷成長
由於環保PVC趨勢的不斷成長,聚氯乙烯目前正在對市場產生有利的影響。除此之外,企業正在積極尋找減少對環境影響的方法,這推動了對環保 PVC 產品的需求。製造商透過開發創新技術和利用可回收材料來生產 PVC,這兩者都有助於市場的逐步和永續擴張。
此外,永續 PVC 配方的不斷改進使得生產出的產品不僅性能品質得到改善,同時仍然對環境友善。建築、汽車和包裝等嚴重依賴 PVC 的行業對這一突破表現出了興趣,因為他們看到了減少碳足跡和提高產品整體品質的雙重好處。這項創新正在吸引這些產業的注意。
環境和監管挑戰
在聚氯乙烯工業中,氯的含量是決定產品品質及其對環境影響的關鍵因素。透過增加PVC中的氯含量,可以提高材料的阻燃性和化學穩定性,使其成為廣泛應用的理想選擇。然而,環境問題,例如在生產過程中釋放基於氯的有毒副產品,導致仔細檢查的數量增加。
監管壓力和環保意識的增強推動了替代材料的發展趨勢,這對市場動態產生了影響,並推動了氯含量降低的更永續的 PVC 配方。無毒未來組織的多項研究中提到,美國僅生產聚氯乙烯就會排放數千磅的氯乙烯,而氯乙烯已知會致癌。上述情況可能會減緩市場擴張的速度。
Overview
Global Polyvinyl Chloride (PVC) Market reached US$ 45.30 billion in 2023 and is expected to reach US$ 60.95 billion by 2031, growing with a CAGR of 3.78% during the forecast period 2024-2031.
Expected profitable prospects in the worldwide polyvinyl chloride (PVC) market throughout the forecast period include rising steel demand in the building and automotive sectors. Further, the rise in offshore expansion, the expanding marine sector in Asia-Pacific and North America and the improvement of infrastructure in various areas would enhance the worldwide need for polyvinyl chloride (PVC) in the projected timeframe.
However, the risks also resulted in a rise in government laws that limit the expansion of anti corrosion protective coatings. Moreover, investment in research and development for the production of bio-based polyvinyl chloride (PVC)s is anticipated to create profitable growth prospects for the industry.
An analysis released by the Executive Office of the President of US reveals that the US federal government intends to allocate US$ 2 trillion over a decade for the purpose of infrastructure development. The nation is distinguished by a low-risk climate, a resilient economy before to the COVID pandemic and a robust banking industry.
The elements have presented several prospects for investors in recent years, which are expected to stimulate the investment in infrastructure, encompassing both new infrastructure projects and the renovation of existing buildings in the country. It is expected that this will consequently boost the need for polyvinyl chloride (PVC)s in the building sector of US.
Dynamics
Rising Demand for Durable and Customizable Materials
The development of the PVC market is being favorably influenced by the growing need for materials that are both flexible and durable for the production of consumer goods such as clothing and accessories. In addition, PVC is well-known for its durability, which is an essential quality in the consumer goods business. Products made from PVC, such as vinyl flooring, window frames and pipes, are able to survive the effects of wear and tear, as well as exposure to chemicals and the effects of the weather.
Due to its durability, consumer goods are guaranteed to have a longer lifespan, which in turn reduces the frequency with which frequently replacements are required. The color, texture and thickness of PVC can be altered to match specific requirements and this can be done through customization. Because of this, producers are able to create consumer goods that satisfy a variety of aesthetic preferences while still preserving the appropriate level of flexibility and durability.
Rising Demand for Eco-Friendly PVC
Polyvinyl chloride is currently experiencing a beneficial influence on the market as a result of the growing trend towards environmentally friendly PVC. In addition to this, businesses are actively looking for ways to reduce their impact on the environment and this trend is what is driving the need for environmentally friendly PVC products. PVC is being produced by manufacturers through the development of innovative techniques and the utilization of recyclable materials, both of which are contributing to the gradual and sustainable expansion of the market.
In addition, the ongoing improvement of sustainable PVC formulations leads to the production of products that can boast improved performance qualities while still being kind to the environment. Industries that rely significantly on PVC, such as construction, automotive and packaging, are showing interest in this breakthrough because they see the dual benefit of reducing their carbon footprint and increasing the overall quality of their products. This innovation is attracting the attention of these industries.
Environmental and Regulatory Challenges
In the polyvinyl chloride industry, the amount of chlorine present is a crucial factor that determines the qualities of the product as well as its impact on the environment. By increasing the amount of chlorine in PVC, the flame resistance and chemical stability of the material are improved, making it ideal for a wide range of applications. Nevertheless, the environmental downsides, such as the release of toxic byproducts based on chlorine during the production process, have led to an increase in the amount of careful examination.
A trend toward alternative materials is being driven by regulatory pressure and increased environmental consciousness, which is having an impact on the dynamics of the market and pushing for more sustainable PVC formulations with reduced chlorine content. It is mentioned in several studies that the Toxic-Free Future organization has produced that the production of PVC alone in US results in the discharge of thousands of pounds of vinyl chloride, which is known to cause cancer. The aforementioned circumstances may slow down the rate of market expansion.
The global polyvinyl chloride (PVC)s market is segmented based on product, stabilizer, application, end-user and region.
Durablity and Versatility of PVC Drives Construction and Infrastructure Projects
As a result of its ability to be cut, shaped, welded and linked in any design, PVC is not only strong and lightweight, but it is also resistant to abrasion, rotting, chemical corrosion and weather. Additionally, it is adaptable and easy to use. Because it possesses these qualities, it is an excellent choice for a wide variety of applications, including pipelines, windows, flooring and roofing.
One of the advantages of PVC flooring is that it is long-lasting, it allows for a wide range of artistic effects, it is simple to install, it is easy to clean and it can be recycled later on. As a result, PVC flooring has been utilized over the years. In addition, the building and construction industry makes use of PVC for roofing installations. This material is utilized due to the fact that it requires little maintenance and has a lifespan of more than thirty years. The most important factor driving the construction of infrastructure in Asia-Pacific, the Middle East and North America is the growing number of construction projects.
China is the largest building market in the world, accounting for twenty percent of all monetary investments in the construction industry. In the most recent year, the construction industry in China generated an additional value of around 1.12 trillion US$, as reported by the National Bureau of Statistics of China.
Strong Demand in Major Economies of Asia-Pacific
Asia-Pacific is the leading region in the polyvinyl chloride market, mostly driven by the strong demand from nations like India, Japan and China. China has the largest electronics manufacturing base. Currently, it presents a formidable challenge to the established upstream producers such as South Korea, Singapore and Taiwan. Digital devices, including smartphones, OLED TVs and tablets, experienced the most significant expansion in the consumer electronics sector.
Among the sectors experiencing the most rapid growth is the medical device industry in China. While the number of private hospitals in the country is limited, the acquisition of healthcare items is mostly influenced by major public hospitals. Consequently, there has been a growing reliance on medical devices in public hospitals. Several reasons contributed to the increased demand for polyvinyl chloride (PVC) in the industry.
The Government of India is implementing various strategies to stimulate the growth of the nation's domestic electronics manufacturing sector and facilitate its exports. Specifically, the value of India's electronic goods exports, the value of electronic goods exports in recent year amounted to US$ 950.17 million. The surge in electronic manufacturing in the country is expected to drive the need for polyvinyl chloride (PVC) in the electronic sector.
The major global players in the market include ChemChina, Formosa Plastics Corporation, Ineos, Inner Mongolia Junzheng Energy & Chemical Group, Kem One SaS, LG Chem orbia, Occidental Petroleum Corporation, SABIC, Shaanxi Coal and Chemical Industry Group, Shin-Etsu Chemical Co. Ltd, Tianye Group, Westlake Chemical Corporation and Xinjiang Zhongtai Chemical Co. Ltd.
One of the most prominent European manufacturers of PVC window profiles, Profine, has been seriously hit by the conflict between Russia and Ukraine as a result of sanctions and disruptions in both nations. The company Profine, which is primarily dependent on PVC and maintains major operations in Russia and Ukraine, is confronted with operational obstacles such as limited material supply and difficulties in performing transactions due to currency issues.
Additionally, the industry as a whole is struggling with the spiking prices of PVC, which have increased by between fifty and seventy-five percent as a result of the war's impact on the price of oil, in addition to the rising expenses of transportation. Even while some of these costs can be passed on to customers, the fact that there is a time lag in the process of making price adjustments implies that long-term profitability will be diminished.
Product
Stabilizer
Application
End-User
The global polyvinyl chloride (PVC)s market report would provide approximately 79 tables, 74 figures and 215 pages.
Target Audience 2024
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