ALBANY, N.Y., Sept. 15, 2020
ALBANY, N.Y., Sept. 15, 2020 /PRNewswire/ -- Owing to a number of growth factors, global polyvinyl chloride (PVC) market is set to witness an increase in market worth from about USD 63 billion in 2018 to about USD 88 billion by the end of the period of 2019 to 2027. Compound annual growth rate (CAGR) of the market will be approximately 4%.
As per Transparency Market Research (TMR), "Growing population, rapid urbanization, and increasing construction volumes are all set contribute to the projected growth for the global polyvinyl chloride (PVC) market over the forecast period. Another notable factor here is growth of online trading and increase in disposable incomes."
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Key Findings of Global Polyvinyl Chloride (PVC) Market Study:
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Key Drivers of Growth in Global Polyvinyl Chloride (PVC) Market Study:
TMR has enumerated a number of growth factors in its report. Some of the prominent ones, pushing the global polyvinyl chloride (PVC) market on an upward growth trajectory over the stated period, include the following:
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Regional Analysis of Global Polyvinyl Chloride (PVC) Market:
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Competitive Landscape of Global Polyvinyl Chloride (PVC) Market:
Transparency Market Research has evaluated and detailed out information on the vendor landscape of the market. From financials and recent developments to product details and business strategies, the information is comprehensive.
Successful players, who are well-known, in the global polyvinyl chloride (PVC) market's fragmented vendor landscape are Shin-Etsu Chemical Co., Ltd., Formosa Plastics, Inovyn, ChemChina, Mexichem S.A.B. de C.V., Westlake Chemical Corporation, and Occidental Petroleum Corporation, among others.
Some of the top strategies that have been noted being deployed by players operating in the market in the recent past include expansion of production facility, planning and executing new projects, and so on.
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Global Polyvinyl Chloride Market: Research Scope
Polyvinyl Chloride Market by Type
Polyvinyl Chloride Market by End-use industry
Polyvinyl Chloride Market by Application
Polyvinyl Chloride Market by Region
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Polyvinylidene Fluoride (PVDF) Membrane Market - The PVDF membrane market is driven by growth in end-user industries such as coatings, photovoltaic films, oil & gas, and electrical. Increase in research & development (R&D) activities is the key factor driving the market. Various associations, end-user manufacturers, and PVDF manufacturing companies aim to invest significantly in technology innovations in PVDF membrane to replace other metals and plastics. This provides new opportunities for the PVDF membrane market. However, factors such as increasing use of substitutes, rising environmental & health concerns, and unstable prices are expected to hamper market growth during the forecast period.
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