APAC Polyvinyl Chloride (PVC) Market Size 2025-2029
The APAC polyvinyl chloride (PVC) market size is forecast to increase by USD 10.3 billion, at a CAGR of 4.7% between 2024 and 2029.
The Polyvinyl Chloride (PVC) Market in APAC is driven by the unprecedented scale of infrastructure development and construction activity across the region. National governments are executing long-term economic development plans that heavily emphasize the construction of transportation networks, urban residential complexes, and public utilities, all of which are major consumers of products like pvc pipes. This demand is directly correlated with large-scale projects where pvc's durability and cost-effectiveness are critical. At the same time, a dominant trend is reshaping the market: a strategic industry pivot towards sustainable and safer material formulations. This transition, focusing on bio-attributed feedstocks and non-phthalate plasticizers, is driven by a confluence of regulatory pressures, evolving consumer preferences, and corporate sustainability mandates. This shift compels producers to innovate beyond traditional manufacturing paradigms, influencing the trajectory of the entire vinyl chloride monomer (VCM) market and its derivatives.This strategic evolution is occurring within a complex operational landscape. The push for safer materials, such as in the unplasticized polyvinyl chloride (UPVC) windows market, is altering product development and competitive strategies. However, the market faces a significant and multifaceted challenge from the increasingly stringent regulatory and environmental compliance landscape. This is not a monolithic issue; it manifests through policies targeting production emissions from the energy-intensive chlor-alkali process, the chemical additives used in pvc compounds, and end-of-life management. These converging regulatory pressures demand that companies navigate a complex web of local and international standards, invest heavily in research and development for greener products, and fundamentally rethink their product lifecycles to ensure long-term viability in a sustainability-conscious global economy.
What will be the size of the APAC Polyvinyl Chloride (PVC) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019 - 2023 and forecasts 2025-2029 - in the full report.
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The polyvinyl chloride (PVC) market in apac is in a continuous state of evolution, where market activities unfold dynamically. The demand for rigid pvc formulations is constantly being balanced against innovations in flexible pvc compounds. This dynamic environment is also seeing a greater emphasis on chlorinated pvc properties and low-smoke pvc additives to meet new safety and performance benchmarks. These developments influence everything from the core vinyl chloride polymerization process to the standards for pvc pipe manufacturing. The ongoing refinement of a wide range of products, including those for the chlorinated polyvinyl chloride (CPVC) pipe and fitting sector, reflects this adaptability.This progression is further shaped by the need for enhanced material characteristics. The development of non-phthalate plasticizers and bio-attributed feedstocks is a response to evolving regulatory landscapes and sustainability goals. At the same time, the industry is working to improve pvc recycling technologies and manage the entire material lifecycle assessment. The creation of application-specific grades for uses like wire and cable insulation or in the polyvinyl chloride decking market continues, driven by the specialized needs of end-user industries. This ensures that the market remains responsive to both technological advancements and environmental considerations.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
- Application
- Pipes and fittings
- Films and sheets
- Wires and cables
- Others
- Product
- Rigid PVC
- Flexible PVC
- Chlorinated PVC
- Low-smoke PVC
- End-user
- Building and construction
- Electrical and electronics
- Packaging
- Others
- Geography
- APAC
- China
- India
- Japan
- South Korea
By Application Insights
The pipes and fittings segment is estimated to witness significant growth during the forecast period.
The pipes and fittings segment is the largest application category, with its growth underpinned by the material's intrinsic properties and relentless infrastructure development. The exceptional corrosion resistance, hydraulic smoothness, and durability of these products make them a premier choice for fluid transport. These applications span potable water distribution, sanitary systems, and agricultural irrigation. Demand is driven by both large-scale municipal projects and private construction, with one national water mission alone now covering 79.74% of rural households.
This demand is fueled by ongoing urban migration, which necessitates new water and sewage networks where these pipes are extensively specified. The use of corrosion resistant polymers ensures longevity and reduces maintenance costs compared to traditional materials. Furthermore, the agricultural sector contributes to demand through government-supported irrigation projects that utilize these piping systems to enhance water-use efficiency. This combination of public works, urban development, and agricultural modernization ensures the segment's foundational role in the market.

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The Pipes and fittings segment was valued at USD 19.9 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The Polyvinyl Chloride (PVC) market in APAC is experiencing significant growth, primarily fueled by accelerated infrastructure and construction activity and the expansion of electrical and electronics manufacturing. This momentum is further supported by government policies promoting domestic manufacturing. A detailed analysis of the polyvinyl chloride (PVC) market in apac applications, polyvinyl chloride (PVC) market in apac products, and polyvinyl chloride (PVC) market in apac end-users reveals that building and construction sector demand is a primary driver, especially for applications like pvc in water and sewage systems. Additionally, the electrical and electronics sector growth and the use of pvc for renewable energy infrastructure are creating substantial new opportunities.Despite the positive outlook, the market faces challenges including volatility in feedstock and energy costs and stringent regulatory and environmental compliance pressures. In response, the industry is seeing intensifying competition and market consolidation alongside accelerated capacity expansion and consolidation. Key trends shaping the future include a strategic shift to bio-attributed formulations and sustainable pvc material innovation. The proliferation of high-performance pvc compounds is enhancing automotive sector pvc utilization and packaging industry pvc applications, while adherence to strict healthcare pvc material standards remains critical.

What are the APAC Polyvinyl Chloride (PVC) Market drivers leading to the rise in adoption of the Industry?
- The primary driver for the polyvinyl chloride (PVC) market in apac is the unprecedented scale of infrastructure development and construction activity across the region.
The primary driver for the market is the significant scale of infrastructure and construction activity. National economic development plans emphasizing transportation networks, urban residential complexes, and public utilities are major consumers of polymer products. The demand for corrosion resistant polymers, conduits, window profiles, and cable insulation is directly correlated with these large-scale projects. The material's advantages, including durability and cost-effectiveness, make it a material of choice. For instance, national initiatives to improve rural water access have been highly successful, with one program achieving 79.74% household coverage, largely through the deployment of modern, durable piping systems. This sustained investment in public and private construction ensures a robust demand base.A second critical driver is the expansion and strategic repositioning of the regional electrical and electronics manufacturing ecosystem. This sector is a major consumer of flexible polymer compounds, which are used extensively for insulating wires and cables due to their excellent dielectric properties and flame retardancy. The growth in consumer electronics, industrial automation, and telecommunications infrastructure directly translates into increased consumption. The push towards digitalization and the build-out of 5g networks necessitate the installation of vast quantities of insulated wiring. Furthermore, the global trend of supply chain diversification has led to increased foreign direct investment in electronics manufacturing, bolstering demand for wire and cable insulation and other polymer-based components.
What are the APAC Polyvinyl Chloride (PVC) Market trends shaping the Industry?
- A dominant trend reshaping the polyvinyl chloride (PVC) market in apac is the strategic industry pivot towards sustainable and safer material formulations, specifically focusing on bio-attributed feedstocks and non-phthalate plasticizers.
A dominant trend is the strategic industry pivot toward sustainable and safer material formulations, specifically focusing on bio-attributed feedstocks and non-phthalate plasticizers. This transition is driven by regulatory pressures, evolving consumer preferences, and corporate sustainability mandates. The core of this trend involves decoupling production from fossil fuels and addressing concerns regarding certain phthalate-based plasticizers. This shift is happening even as the global economy, which averaged 3.2% growth between 2015 and 2019, faces new dynamics, influencing investment priorities. This regulatory push, seen in tightening rules for food contact materials and medical devices, is spurring r&d in advanced pvc resin production and polymer compounding science. The move to safer materials like those for the non-pvc iv bags market is becoming a key differentiator.The market is also characterized by accelerated production capacity expansion and strategic supply chain consolidation. This trend is a direct response to demand from key end-use sectors and is altering the competitive landscape. Major producers are making significant capital investments to increase market share and achieve greater economies of scale. This vertical integration strategy is becoming increasingly common among large downstream consumers. This expansion is not merely about volume but also about technological modernization, incorporating energy-efficient processes and advanced quality control systems to produce higher-value, application-specific grades of material for products like chlorinated polyvinyl chloride (CPVC) pipe and fitting.
How does APAC Polyvinyl Chloride (PVC) Market faces challenges face during its growth?
- The polyvinyl chloride (PVC) market in apac faces a significant and multifaceted challenge from the increasingly stringent regulatory and environmental compliance landscape.
The market faces a significant challenge from the increasingly stringent regulatory and environmental compliance landscape. This manifests through policies targeting production emissions, product composition, and end-of-life management, creating operational hurdles. A primary issue involves controlling energy consumption and greenhouse gas emissions from the energy-intensive chlor-alkali process. This is compounded by a growing focus on the chemical additive regulations used in polymer compounds. These pressures, occurring amid a period where global economic growth has contracted to 2.6%, demand heavy investment in r&d for greener products and a fundamental rethinking of the material lifecycle assessment to ensure long-term viability.A persistent challenge is the inherent volatility in the cost and availability of key feedstocks, namely ethylene and chlorine, and the energy required for their processing. The production process is highly integrated with the broader petrochemical industry, making it sensitive to fluctuations in global crude oil and natural gas prices. Geopolitical tensions and supply chain disruptions can create rapid and unpredictable shifts in input costs, squeezing profit margins. Furthermore, the production of chlorine is an extremely electricity-intensive process, making the market directly impacted by regional energy policies and power costs. This cost volatility, driven by ethylene feedstock costs, tests the operational resilience of all market participants.
Exclusive APAC Polyvinyl Chloride (PVC) Market Customer Landscape
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Astral Ltd.
- Avient Corp.
- Celanese Corp.
- Covestro AG
- DCM Shriram Ltd.
- DCW Ltd.
- DuPont de Nemours Inc.
- Ercros SA
- Finolex Industries Ltd
- Formosa Plastics Corp.
- INEOS Group Holdings S.A.
- JM Eagle Inc
- LG Chem Ltd.
- Occidental Petroleum Corp.
- Reliance Industries Ltd.
- Saudi Basic Industries Corp.
- Shin Etsu Chemical Co. Ltd.
- Sinochem Group Co. Ltd.
- Westlake Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Apac Polyvinyl Chloride (PVC) Market
In May 2024, Westlake Corp. announced its first-quarter financial results, noting that while housing and construction demand for PVC resin remained subdued, pricing held firm due to global supply constraints and scheduled producer outages.In May 2024, Reliance Industries Ltd. was reported to be advancing its plans for a major petrochemical complex in the UAE, which will include a new vinyl chloride monomer (VCM) and polyvinyl chloride (PVC) production facility to serve international markets.In February 2024, Finolex Industries Ltd. approved a capital expenditure of approximately USD 12 million for the capacity expansion of its PVC resin plant at its Pune facility, aiming to enhance backward integration and secure its raw material supply chain.
Research Analyst Overview
The polyvinyl chloride (PVC) market in APAC is shaped by the dynamics of pvc resin production, often linked to petrochemical integration and fluctuating ethylene feedstock costs. The vinyl chloride polymerization process underpins the creation of application-specific grades. Innovations in polymer compounding science yield both rigid pvc formulations, used in pvc pipe manufacturing as corrosion resistant polymers, and flexible pvc compounds for wire and cable insulation. This versatility supports building material substitution and pvc film extrusion. Industry players navigate ongoing supply chain consolidation while refining materials with enhanced chlorinated pvc properties, demonstrating a market in constant adaptation to industrial demands.The industry's evolution is defined by circular economy models and end-of-life management via advancing pvc recycling technologies, addressing greenhouse gas emissions from energy-intensive chlor-alkali processes and prompting a closer material lifecycle assessment. Adherence to plasticizer safety standards drives the adoption of non-phthalate plasticizers and bio-attributed feedstocks. Concurrently, high-performance formulations integrate low-smoke pvc additives, heat resistance additives, and flame retardant compounds to improve dielectric properties, weatherability enhancement, and mechanical strength improvement. These advances support diverse applications from medical-grade pvc compounds and synthetic leather production to pvc foam boards and trenchless pipeline technology which utilizes specific solvent cement chemistry, with projections indicating an expansion approaching 4% annually.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled APAC Polyvinyl Chloride (PVC) Market insights. See full methodology.
Market Scope
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Report Coverage
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Details
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Page number
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231
|
Base year
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2024
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Historic period
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2019 - 2023 |
Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 4.7%
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Market growth 2024-2029
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USD 10.3 billion
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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4.4%
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the market growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
- Growth of the market across China, India, Japan, South Korea, Rest of APAC
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements Get in touch
1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on Regional - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC: Year-over-year growth 2024-2029 (%)
- Data Table on Regional - Market size and forecast 2024-2029 ($ billion)
5 Historic Market Size
- 5 Historic Market Size
- 5.1 Polyvinyl Chloride (PVC) Market in APAC 2019 - 2023
- Historic Market Size - Data Table on Polyvinyl Chloride (PVC) Market in APAC 2019 - 2023 ($ billion)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)
- 5.3 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ billion)
- 5.4 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6 Qualitative Analysis
- 6.1 The AI impact on Polyvinyl Chloride (PVC) Market in APAC
7 Five Forces Analysis
- 7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Pipes and fittings - Market size and forecast 2024-2029
- Chart on Pipes and fittings - Market size and forecast 2024-2029 ($ billion)
- Data Table on Pipes and fittings - Market size and forecast 2024-2029 ($ billion)
- Chart on Pipes and fittings - Year-over-year growth 2024-2029 (%)
- Data Table on Pipes and fittings - Year-over-year growth 2024-2029 (%)
- 8.4 Films and sheets - Market size and forecast 2024-2029
- Chart on Films and sheets - Market size and forecast 2024-2029 ($ billion)
- Data Table on Films and sheets - Market size and forecast 2024-2029 ($ billion)
- Chart on Films and sheets - Year-over-year growth 2024-2029 (%)
- Data Table on Films and sheets - Year-over-year growth 2024-2029 (%)
- 8.5 Wires and cables - Market size and forecast 2024-2029
- Chart on Wires and cables - Market size and forecast 2024-2029 ($ billion)
- Data Table on Wires and cables - Market size and forecast 2024-2029 ($ billion)
- Chart on Wires and cables - Year-over-year growth 2024-2029 (%)
- Data Table on Wires and cables - Year-over-year growth 2024-2029 (%)
- 8.6 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.7 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
9 Market Segmentation by Product
- 9 Market Segmentation by Product
- 9.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 9.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 9.3 Rigid PVC - Market size and forecast 2024-2029
- Chart on Rigid PVC - Market size and forecast 2024-2029 ($ billion)
- Data Table on Rigid PVC - Market size and forecast 2024-2029 ($ billion)
- Chart on Rigid PVC - Year-over-year growth 2024-2029 (%)
- Data Table on Rigid PVC - Year-over-year growth 2024-2029 (%)
- 9.4 Flexible PVC - Market size and forecast 2024-2029
- Chart on Flexible PVC - Market size and forecast 2024-2029 ($ billion)
- Data Table on Flexible PVC - Market size and forecast 2024-2029 ($ billion)
- Chart on Flexible PVC - Year-over-year growth 2024-2029 (%)
- Data Table on Flexible PVC - Year-over-year growth 2024-2029 (%)
- 9.5 Chlorinated PVC - Market size and forecast 2024-2029
- Chart on Chlorinated PVC - Market size and forecast 2024-2029 ($ billion)
- Data Table on Chlorinated PVC - Market size and forecast 2024-2029 ($ billion)
- Chart on Chlorinated PVC - Year-over-year growth 2024-2029 (%)
- Data Table on Chlorinated PVC - Year-over-year growth 2024-2029 (%)
- 9.6 Low-smoke PVC - Market size and forecast 2024-2029
- Chart on Low-smoke PVC - Market size and forecast 2024-2029 ($ billion)
- Data Table on Low-smoke PVC - Market size and forecast 2024-2029 ($ billion)
- Chart on Low-smoke PVC - Year-over-year growth 2024-2029 (%)
- Data Table on Low-smoke PVC - Year-over-year growth 2024-2029 (%)
- 9.7 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)
10 Market Segmentation by End-user
- 10 Market Segmentation by End-user
- 10.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 10.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 10.3 Building and construction - Market size and forecast 2024-2029
- Chart on Building and construction - Market size and forecast 2024-2029 ($ billion)
- Data Table on Building and construction - Market size and forecast 2024-2029 ($ billion)
- Chart on Building and construction - Year-over-year growth 2024-2029 (%)
- Data Table on Building and construction - Year-over-year growth 2024-2029 (%)
- 10.4 Electrical and electronics - Market size and forecast 2024-2029
- Chart on Electrical and electronics - Market size and forecast 2024-2029 ($ billion)
- Data Table on Electrical and electronics - Market size and forecast 2024-2029 ($ billion)
- Chart on Electrical and electronics - Year-over-year growth 2024-2029 (%)
- Data Table on Electrical and electronics - Year-over-year growth 2024-2029 (%)
- 10.5 Packaging - Market size and forecast 2024-2029
- Chart on Packaging - Market size and forecast 2024-2029 ($ billion)
- Data Table on Packaging - Market size and forecast 2024-2029 ($ billion)
- Chart on Packaging - Year-over-year growth 2024-2029 (%)
- Data Table on Packaging - Year-over-year growth 2024-2029 (%)
- 10.6 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 10.7 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
11 Customer Landscape
- 11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share by geography - 2024-2029 (%)
- Data Table on Market share by geography - 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.4 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.5 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.6 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.7 Rest of APAC - Market size and forecast 2024-2029
- Chart on Rest of APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on Rest of APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on Rest of APAC - Year-over-year growth 2024-2029 (%)
- Data Table on Rest of APAC - Year-over-year growth 2024-2029 (%)
- 12.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Table on Market opportunity by geography ($ billion)
13 Drivers, Challenges, and Opportunity
- 13 Drivers, Challenges, and Opportunity
- 13.1 Market drivers
- Accelerated infrastructure and construction activity
- Expansion of electrical and electronics manufacturing sector
- Government policies promoting domestic manufacturing and material substitution
- 13.2 Market challenges
- Regulatory and environmental compliance pressures
- Volatility in feedstock and energy costs
- Intensifying competition and market consolidation
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities
- Strategic shift towards bio-attributed and non-phthalate formulations
- Accelerated capacity expansion and regional supply chain consolidation
- Proliferation of high-performance, application-specific PVC compounds
14 Competitive Landscape
- 14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 15.4 Celanese Corp.
- Celanese Corp. - Overview
- Celanese Corp. - Business segments
- Celanese Corp. - Key news
- Celanese Corp. - Key offerings
- Celanese Corp. - Segment focus
- SWOT
- 15.5 Covestro AG
- Covestro AG - Overview
- Covestro AG - Business segments
- Covestro AG - Key news
- Covestro AG - Key offerings
- Covestro AG - Segment focus
- SWOT
- 15.6 DuPont de Nemours Inc.
- DuPont de Nemours Inc. - Overview
- DuPont de Nemours Inc. - Business segments
- DuPont de Nemours Inc. - Key news
- DuPont de Nemours Inc. - Key offerings
- DuPont de Nemours Inc. - Segment focus
- SWOT
- 15.7 Ercros SA
- Ercros SA - Overview
- Ercros SA - Business segments
- Ercros SA - Key news
- Ercros SA - Key offerings
- Ercros SA - Segment focus
- SWOT
- 15.8 Finolex Industries Ltd
- Finolex Industries Ltd - Overview
- Finolex Industries Ltd - Business segments
- Finolex Industries Ltd - Key offerings
- Finolex Industries Ltd - Segment focus
- SWOT
- 15.9 Formosa Plastics Corp.
- Formosa Plastics Corp. - Overview
- Formosa Plastics Corp. - Product / Service
- Formosa Plastics Corp. - Key offerings
- SWOT
- 15.10 INEOS Group Holdings S.A.
- INEOS Group Holdings S.A. - Overview
- INEOS Group Holdings S.A. - Product / Service
- INEOS Group Holdings S.A. - Key news
- INEOS Group Holdings S.A. - Key offerings
- SWOT
- 15.11 JM Eagle Inc
- JM Eagle Inc - Overview
- JM Eagle Inc - Product / Service
- JM Eagle Inc - Key offerings
- SWOT
- 15.12 LG Chem Ltd.
- LG Chem Ltd. - Overview
- LG Chem Ltd. - Business segments
- LG Chem Ltd. - Key news
- LG Chem Ltd. - Key offerings
- LG Chem Ltd. - Segment focus
- SWOT
- 15.13 Occidental Petroleum Corp.
- Occidental Petroleum Corp. - Overview
- Occidental Petroleum Corp. - Business segments
- Occidental Petroleum Corp. - Key news
- Occidental Petroleum Corp. - Key offerings
- Occidental Petroleum Corp. - Segment focus
- SWOT
- 15.14 Reliance Industries Ltd.
- Reliance Industries Ltd. - Overview
- Reliance Industries Ltd. - Business segments
- Reliance Industries Ltd. - Key news
- Reliance Industries Ltd. - Key offerings
- Reliance Industries Ltd. - Segment focus
- SWOT
- 15.15 Saudi Basic Industries Corp.
- Saudi Basic Industries Corp. - Overview
- Saudi Basic Industries Corp. - Business segments
- Saudi Basic Industries Corp. - Key offerings
- Saudi Basic Industries Corp. - Segment focus
- SWOT
- 15.16 Shin Etsu Chemical Co. Ltd.
- Shin Etsu Chemical Co. Ltd. - Overview
- Shin Etsu Chemical Co. Ltd. - Business segments
- Shin Etsu Chemical Co. Ltd. - Key offerings
- Shin Etsu Chemical Co. Ltd. - Segment focus
- SWOT
- 15.17 Sinochem Group Co. Ltd.
- Sinochem Group Co. Ltd. - Overview
- Sinochem Group Co. Ltd. - Product / Service
- Sinochem Group Co. Ltd. - Key offerings
- SWOT
- 15.18 Westlake Corp.
- Westlake Corp. - Overview
- Westlake Corp. - Business segments
- Westlake Corp. - Key offerings
- Westlake Corp. - Segment focus
- SWOT
16 Appendix
- 16 Appendix
- 16.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape