Polyvinyl Chloride Resin Market
Polyvinyl Chloride Resin Market: rampant demand of PVC material in construction industry.
Polyvinyl Chloride is the third most widely produced synthetic plastic, after polypropylene and polyethylene. Polyvinyl Chloride Resin Market deals with the demand, supply, scope and current applications of the Polyvinyl Chloride Resin products in the industry.
As the construction industry is rising after the recession period in developed countries like North America and Europe region, the demand for PVC products for different purposes in construction sites have raised. In Japan, PVC resins are used in the manufacturing of PVC windows to minimize heating and cooling expenses, due to PVC’s thermo-insulating properties. Thus, creating demand for Polyvinyl Chloride Resin Market.
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The usage of resins, especially polyvinyl chloride in the medical industry is primarily for consumables and disposable items is creating scope for Polyvinyl Chloride Resin Market. It is estimated that the global resin market would be dominated by polyvinyl chloride (PVC) resins which will occupy about 35% of the global resins market catering for disposable medical supplies.
According to IndustryARC report, Germany leads the global Polyvinyl Chloride Resin Market, which is almost 60% of the market shares when combined all the PVC companies’ production statistics.
Polyvinyl chloride plastic can be recycled 7 times and reused, thus impacting the environment positively. The production of recycled PVC material consumes 46% less energy than the production of conventional produced PVC material.
Polyvinyl Chloride Resin Market is segmented in this market research report by IndustryARC in categories by grade, by type, by application and by region.
By grade: homopolymer PVC and Copolymer PVC
By type: suspension PVC, emulsion PVC and blending PVC
By application: automotive, building and construction, consumer goods, electrical, packaging, medical, piping, furniture and others
By region: North America, South America, Europe, APAC and ROW
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Some of the key companies in the Polyvinyl Chloride Resin Market include:
· Finolex Industries Ltd.
· Australian Vinyls Corporation pty Ltd.
· Mitsubishi Chemical Corporation
· Resin Technology LLC
Polyvinyl Chloride Resin Market is a stable market with demand in various industries across the globe. PVC resin materials are used at a large extent; it is third most used resin in the end user industries. The PVC resin production industry is estimated to grow in upcoming years with constant rise.
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