24-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Paste PVC resin Market By Commercial Type (Micro Suspension Method, Emulsion Method), By Grade Type (Vinyl Acetate Copolymer Grade, Low K Value Grade, Medium K Value Grade And High K Value Grade) and By Application (Plastic Floor And Wallpaper, Automotive Sealing, Paint And Coatings, Artificial Leather And Others (Gloves, Toys, etc.): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Paste PVC Resin Market in 2019 is approximately USD 8637.6 Million. The market is expected to grow at a CAGR of 4.3 % and is anticipated to reach around USD 11,564 Million by 2026.
Polyvinyl chloride resin is formed by a process called vinyl chloride polymerization and are eventually combined with additives based on end use. PVC is one of the most widely used polyethylene and polypropylene thermoplastic. Products based on PVC resins exhibit high impact strength and rigidity. Such materials are stable at ambient temperatures, robust, chemical resistant and non-flammable PVC end products are applicable in building, food, pharmaceutical, chemical and various other sectors, thanks to these excellent features. PVC resins are also used in the manufacture of consumer goods and home materials used in raincoats, shoe surfaces, conveyor belts and other household items. Such products are widely used for pipes and fittings, cable isolation, doors and springs, office furniture and many more in the construction industry. PVC paste resin is used for coating, dipping, foaming, spray coating, and rotational forming.
Browse the full “Paste PVC resin Market By Commercial Type (Micro Suspension Method, Emulsion Method), By Grade Type (Vinyl Acetate Copolymer Grade, Low K Value Grade, Medium K Value Grade, And High K Value Grade) and By Application (Plastic Floor And Wallpaper, Automotive Sealing, Paint And Coatings, Artificial Leather And Others (Gloves, Toys, etc.): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/paste-pvc-resin-market-by-commercial-type-micro-915
The construction sector is booming with a rise in infrastructure investment, by government, construction companies, and private builders to meet the rising demand for residential and commercial properties. The demand for low cost, low weight alternatives for replacement of conventional materials like the metal, wood, etc. for vinyl siding, window profile, magnetic stripe cards, pipe, and plumbing, as well as conduit fixtures, is increasing. The PVC based construction materials are therefore gaining importance in the construction sector.
Additionally, the demand from the automotive sector for lightweight automotive parts is expected to increase further with the rise in electric vehicle production. The electric vehicle market is expected to gain a significant pace in coming years with worldwide government investment in electric charging infrastructure setup favoring the adoption of electric vehicles. Therefore, the manufacturers are seeking for less volume lightweight and durable components. PVC material based components are expected to play major role in the reduction of component weight, thereby providing a significant future prospectus for the market growth in the automobile industry. With rise in the adoption of the 3D printing technology worldwide, consumption of PVC for the production of parts and products through injection molding is expected to rise. The 3D printed PVC products are gaining traction with the technology moving towards more commercial stage. For instance, in 2017, the 3D printing machine manufacturing company AONIQ has developed AONIQ 888 3D printing machine equipped with air filtration specifically for printing in PVC material.
The emulsion method of manufacturing is expected to be the leading manufacturing process adopted by producers of paste PVC resins. The emulsion method is preferred by the finer PVC material producing companies. The production method is expected to further increase the market share with rising demand for superior quality PVC material.
The high k grade value material holds significant share among the other grade PVC materials. The major driver for the high grade PVC materials are its end use application in the production of high quality flooring and coating materials. The PVC flooring, automotive sealing and paint & coating are expected to remain major application driving the market growth while occupying significant segmental market share.
The Asia Pacific region is expected to hold significant market share owing to rising infrastructure projects and rapid urbanization in the region. The China, India, Malaysia, Singapore, Japan and South Korea are major contributor for the market growth in the region. Additionally, the rising automotive sector in the region major in China, Japan and India is expected to further catalyze the market growth in the region. European region is also expected to provide lucrative opportunity in the automobile industry and leather products. Major countries like Germany, France and United Kingdom are expected to major role in paste PVC resin market expansion in the region. The automobile, packaging and construction sector are expected to major driving industries for market growth in the region.
Major manufacturers operating in the paste PVC resin market include Kem One, Vinnolit GmbH & Co. KG, Solvay S.A., Mexichem S.A.B. de C.V., Cires SA, Shin-Etsu Chemical, SCG chemicals, Gogara International, Braskem, The Tosoh Corporation, Sanmar Group and. LG Chem.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 8637.6 Million |
Projected Market Size in 2026 |
USD 11564 Million |
CAGR Growth Rate |
4.3% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Vinnolit GmbH & Co. KG, Kem One, Mexichem S.A.B. de C.V., Solvay S.A., Shin-Etsu Chemical, Cires SA, Braskem, SCG Chemicals, LG Chem, Gogara International, The Sanmar Group and Tosoh Corporation. |
Key Segment |
By Commercial Type, By Application, By Grade, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The report segments the paste PVC resin market as follows:
Global Paste PVC Resin Market: By Commercial Type Segmentation Analysis
- Micro Suspension Method
- Emulsion Method
Global Paste PVC Resin Market: By Grade Type Segmentation Analysis
- Vinyl Acetate Copolymer Grade
- Low K Value Grade
- Medium K Value Grade
- High K Value Grade
Global Paste PVC Resin Market: By Application Segmentation Analysis
- Plastic Floor and Wallpaper
- Automotive Sealing
- Paint and Coatings
- Artificial Leather
- Others (Gloves, Toys, etc.)
Global Paste PVC Resin Market: Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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