PVC Compound Market Size, Share, Industry, Forecast and outlook (2023-2030)
PVC Compound Market has strong, lightweight, durable, and versatile characteristics hence preferred for a wide range of applications. PVC compounds have excellent electrical insulation properties like flame retardant used for cabling of the telecommunications sectors.The PVC compound applications include bottles, blister packaging films, crown caps, connectors, components, boxes, office equipment, cable insulation, sheathing, tapes, flame retardant sheathing, flame retardant, and synthetic plastic polymer.
PVC compound has two basic forms that are rigid and flexible. The rigid form of PVC has several usages including in building & construction for pipe and profile applications such as doors and windows. PVC compound flexible form is used in the manufacturing of films, sheet, wire cable, pipe fitting, flooring, profile and tubes, and another polyvinyl chloride.
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Market Dynamics
The market is driven by the rising demand for pipe in residential and commercial buildings with growing urbanizations around the globe. Further growing demand for the renovation of residential and commercial buildings in the heating, ventilation, and air conditioning, lighting appliances, home decor, and many others have propelled the demand for the PVC compound market. There is a rise in the manufacturing facilities related to the supply of polymers to technology PVC compound launched by the leading players owing to surge in industrialization have created a huge opportunity for this market during the study period. For instance, Teijin Company had been established Research & Development facility and resin compound plant in Thailand for further global development.
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Segment Analysis
The global PVC compound market is segmented based on product, manufacturing process, raw material, end-user, and region. In terms of product, the global PVC Compound market is bifurcated into rigid products and flexible products. Among these flexible products, the segment has the highest share owing to raising the usage of this flexible PVC compound in the infrastructure development and telecommunications sectors.The flexible wires and cables and increasing demand for consumer electronics such as personal computers, laptops, smartphones, tablets, and other IT devices made from the PVC compound have been increased the demand especially in developing regions like China and India.
Competitive Landscape
The global PVC compound market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Roscom, Thai Plastics, Mazda Plastic, Aurora Plastics, ChemChina, Konnark Polymer, Thevinyl, ACTEGA, Mexichem, PolyOneCary Compound, and Sylvin Technologies Group are the leading market players with significant market share.
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