Polyvinyl Chloride (PVC) Market - Forecast(2021 - 2026)
Polyvinyl Chloride (PVC) Market Overview: The global Polyvinyl Chloride (PVC) Market is estimated to be $44.8 million in 2018 and is estimated to grow at a CAGR of 4.25%. There is a growing demand for PVC resins in end-user industry like building & construction owing to PVC’s many advantages like quality, safety and cost effectiveness. Countries like China and India in the Asia Pacific region contribute to the major share comprising half of the share in the growing global PVC Market. China is the leading producer of PVC in the Asia Pacific region in terms of volume and value because of the rise in construction industries in the country. Top exporter of PVC in the world is the USA with total exports of 2.7 million tons of PVC and it is followed by Republic of China with 1.05 million tons and Germany with 0.85 million tons of PVC. The top importer of PVC in the world is India with a total imports of 1.15 million tons of PVC and it is followed by China with 0.905 million tons and Bel