Polyvinyl Chloride (pvc) Global Market Dynamics To 2020
The impact of global economic downturn has resulted in the slowdown in the construction industry worldwide
. As more than 50% of the PVC is used in construction applications, there has been a downturn in the demand of PVC in many countries in the last few years. But as the economies recover from the recessionary times, the demand for PVC is expected to grow at a faster rate in the coming years to 2020. The global PVC demand was around 31 million tons in 2009. It is expected to grow at a CAGR of 6.9% and reach around 64.3 million tons in 2020.
The demand for PVC is highest in Asia. China is driving the majority of the demand for PVC in the world. The demand in advanced countries like Japan is largely stabilized. With the large population and growing economies of countries like India and China, there is a huge consumption potential in these countries. The Asian demand by volume for PVC in 2009 was nearly 16.7 million tons.
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Europe is the second largest consumer of PVC in the world. Germany, Italy and France are the major consuming countries in Europe. The demand in some Western European countries, such as Italy, France and the UK is approaching the maturity stage. Growth in the European PVC demand is driven mostly by Russia. The demand for PVC in Europe was around 6.1 million tons in the year 2009.
The North American economy is the most developed and advanced, and the construction industry is also in the maturity stage. The North American region is also the most affected by the global economic downturn. Hence the scope for growth is lowest as the demand is close to saturation. However, the recovery from economic slowdown is expected to bring higher growth in the PVC demand. The North American demand for PVC in 2009 was close to 3.9 million tons in 2009.
The PVC demand in South and Central America is growing steadily. This region consumed around 2.4 million tons of PVC in the year 2009. The Middle East and African demand for PET is the second fastest growing after that of Asia. The Middle East and Africa region consumed around 1.91 million tons PVC in 2009.
GBI Research, a leading business intelligence provider, has released its latest research, Polyvinyl Chloride (PVC) Market Dynamics to 2020 - Construction Industry Drives the Global Demand. The report provides a detailed insight into the global Polyvinyl Chloride (PVC) market. The research presents detailed analysis and forecasts of the major economic and market trends affecting the PVC markets in major regions of the world. The report contains market forecasts, drivers and restraints, end use industry analysis and a market share analysis of the major producers in the geographical markets of the world. In addition, it includes market forecasts, end use industry analysis and price forecast of PVC in major countries of the world. Overall, the report presents a comprehensive analysis of the global PVC market covering all the major parameters. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Researchs team of industry experts.
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by: GBI Research
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