What is Global EPVC Resin Market?
The Global EPVC Resin Market is a vast and dynamic sector that deals with the production, distribution, and consumption of EPVC Resin. EPVC, or Ethylene-based Polyvinyl Chloride, is a type of plastic that is extensively used in various industries due to its versatility and durability. The market for this product is truly global, with demand stemming from various corners of the world. The market's value was pegged at a substantial US$ 1318.8 million in 2022. This figure is expected to rise to US$ 1637.2 million by 2029, indicating a steady growth trajectory. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period of 2023-2029.
Homopolymeric EPVC, Co-polymeric EPVC in the Global EPVC Resin Market:
The Global EPVC Resin Market is segmented into two main types: Homopolymeric EPVC and Co-polymeric EPVC. Homopolymeric EPVC is a type of EPVC that consists of a single type of monomer, ethylene. This type of EPVC is known for its high tensile strength and rigidity, making it suitable for applications that require durability. On the other hand, Co-polymeric EPVC is a type of EPVC that consists of two or more different types of monomers. This type of EPVC is known for its flexibility and adaptability, making it suitable for applications that require versatility. The market leader in the production of EPVC Resin is Vinnolit, which held a significant 12.03% of the production market share in 2018.
Toys and Glove Material, Artificial Leather, Wallpaper, Automotive Sealing Body, Others in the Global EPVC Resin Market:
The Global EPVC Resin Market finds its applications in various sectors. One of the primary uses of EPVC Resin is in the production of toys and glove materials. The durability and safety of EPVC make it an ideal material for these applications. Another significant use of EPVC Resin is in the production of artificial leather. The flexibility and adaptability of EPVC make it a suitable material for this application. EPVC Resin is also used in the production of wallpaper, providing a durable and cost-effective solution for interior decoration. The automotive industry also utilizes EPVC Resin in the production of sealing bodies, ensuring the longevity and performance of vehicles. Other applications of EPVC Resin include its use in various other industries, demonstrating the versatility and demand for this product.
Global EPVC Resin Market Outlook:
To rephrase the market outlook, the Global EPVC Resin Market, which was valued at US$ 1318.8 million in 2022, is projected to grow to US$ 1637.2 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period of 2023-2029. The leading player in the market is Vinnolit, which held a significant 12.03% of the production market share in 2018.
| Report Metric | Details |
| Report Name | EPVC Resin Market |
| Accounted market size in 2022 | US$ 1318.8 million |
| Forecasted market size in 2029 | US$ 1637.2 million |
| CAGR | 3.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Vinnolit, Orbia, Kem One, LG Chem, Hanwha, Kaneka, Sanmar Group, Thai Plastic and Chemicals, Solvay, Sabic, Arvand Petrochem, Formosa Plastics, Ningxia Yinglite |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
