GVR Report cover Asia Pacific Dry PVC Compound Market Size, Share & Trends Report

Asia Pacific Dry PVC Compound Market Size, Share & Trends Analysis Report By Application (Films And Sheets, Wires And Cables, Pipes And Fittings, Profiles, Hoses, And Tubing, Edge Band), By End Use, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68040-090-1
  • Number of Pages: 110
  • Format: Electronic (PDF)

Market Size & Trends

The Asia Pacific dry PVC compound market size was valued at USD 2.62 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. The market is primarily driven by the expansion of numerous significant application areas, such as personal and home care, medicines, food and beverage, and the increasing penetration of e-retail in the region.

China dry PVC compounds market size and growth rate, 2023 - 2030

Dry Polyvinyl Chloride (PVC) compounds offer stiffness, flexibility, lightweight, and transparency make it suitable for use in several packaging applications such as pharmaceuticals, food & beverage, poultry, and seafood, among others. Moreover, they can be sealed very tightly, establishing a barrier against unwanted external variables such as dust or water. The growing population and urbanization in the region are expected to boost automotive production over the forecast period, thus creating demand for dry PVC compounds in the automotive industry.

To meet the growing need for rust prevention and UV resistance in the automobile industry, Asia Pacific Dry PVC Compounds plastics are being utilized. Asia Pacific Dry PVC dry compounds are increasingly being utilized to replace metal fasteners in automobiles in order to reduce overall car weight by roughly 15%, resulting in lower carbon emissions. The trends outlined above are projected to boost the use of dry PVC compounds in the automotive and construction industries.

Increased demand for coating solutions with characteristics such as corrosion resistance, extended service life, and thermal stability is likely to drive market expansion, owing to the growing emphasis on condition-based monitoring over breakdown maintenance in manufacturing industries.

Major players are continuously working on developing dry PVC compounds in the region owing to the rising investments in building & construction activities in the country. Moreover, the expanding economic development as well as the increasing number of people migrating to metropolitan cities, the need for infrastructural improvement, and the augmenting manufacturing industry.

End-use Insights

The building and construction segment dominated the end-use segment in the Asia Pacific dry PVC compounds market and accounted for more than 33.0% of the total market share, in terms of revenue, in 2022. Dry PVC compounds play a crucial role in the building and construction industry and find applications in pipes and fittings, window profiles and frames, flooring and wall coverings, roofing materials, insulation and electrical and electronics product.

Dry PVC compounds are extensively used in the manufacturing of window profiles and frames. These compounds offer exceptional thermal insulation properties, contributing to energy efficiency in buildings.The growing construction industry in the Asia Pacific region, particularly in emerging economies, has fueled the demand for high-quality window profiles and frames.

Moreover, the automotive segment is anticipated to fastest CAGR of 8.5% over the forecast period, owing to the increasing integration of electronic components in vehicles, the demand for high-quality wire and cable insulation materials. Dry PVC compounds also find extensive usage in various under-the-hood applications in the automotive industry. These include gaskets, seals, and hoses that are used in engine compartments, cooling systems, and other critical areas of a vehicle.

Application Insights

The films and sheets segment dominated the Asia Pacific dry PVC compounds market and accounted for more than 30.0% of the total market share, in terms of revenue, in 2022. Films and sheets made from dry PVC compounds find extensive use in the construction and architecture sector. They are used as roofing membranes, wall coverings, and cladding materials. PVC films and sheets offer durability, weather resistance, and UV protection in exterior applications. They also provide insulation properties and contribute to energy efficiency in buildings.

Dry PVC compounds are used to produce flexible packaging films and sheets with excellent barrier properties, protecting the packaged products from moisture, oxygen, and contaminants. PVC films and sheets are also known for their heat seal ability, ensuring secure packaging and extending the shelf life of food and consumer goods.

Asia Pacific dry PVC compounds market share and size, 2022

Another significant application of dry PVC compounds is Wires and Cables. The versatility, durability, and excellent electrical properties of dry PVC compounds make them ideal for use in the production of wires and cables. The construction and infrastructure sectors are major consumers of wires and cables made from dry PVC compounds. These materials are used for electrical wiring in residential, commercial, and industrial buildings.

Country Insights

China dominated the Asia Pacific dry PVC compounds market in 2022 and accounted for more than 30.0% of the overall market revenue share owing to the rise in investment for dry PVC compounds by key market players. Moreover, the rise in building and construction industries along with the increased user demand for flexible nature packaging products is driving the dry PVC compounds in the country.

Furthermore, increased use of PVC compounds in the region for residential and commercial structures is driving consumption of PVC compound goods, which pushes the market. In addition, the increased demand for PVC items and gadgets that use dry PVC compounds by the healthcare industry in the region.

Japan is expected to grow significantly over the forecast period owing to the easy access of consumables is expected to influence the market. Additionally, high market visibility for building & construction including piping in countries such as India, Australia, and China owing to the growing number of local manufacturing plants is expected to reduce the application of Asia Pacific Dry PVC compounds over the forecast period.

Key Companies & Market Share Insights

The key players operating in the Asia Pacific dry PVC compounds market include TP Polymer Private Limited, NHAT HUY GROUP, AGC Vinythai, Shin-Etsu Chemical Co., Ltd., Prism Masterbatches, and others along with the presence of a few medium and small regional players. Major regional players are continuously working on developing PVC for the production of dry PVC compounds owing to the rising demand for dry PVC compounds from the construction and automotive industry.

A majority of the regional companies are expected to increase their dry PVC compounds across Asia Pacific owing to high market growth potential given the acquisitions, expansions, and collaborations of the dry PVC compounds market. For instance, in April 2023, Teknor Apex announced the acquisition of Nu-Pro, a manufacturer and supplier of PVC materials. Under this acquisition, Nu-Pro will continue to create goods for the company under the Cycle-Tek name as Teknor Apex's subsidiary. Some of the prominent players in the Asia Pacific dry PVC compound market include:

  • TP Polymer Private Limited


  • AGC Vinythai

  • Shin-Etsu Chemical Co., Ltd.

  • Prism Masterbatches

  • Sinochem Holdings Corporation Ltd.

  • Hanwha Solutions

  • Xinjiang Zhongtai Chemical Co., Ltd.

  • SCG Chemicals Public Company Limited


  • East Hope Group

  • Vinacompound Co. Ltd.

  • Teknor Apex


Asia Pacific Dry PVC Compound Market Report Scope

Report Attribute


Market size value in 2023

USD 2.81 billion

Revenue forecast in 2030

USD 4.79 billion

Growth Rate

CAGR of 7.9% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Quantitative units

Volume in kilotons, revenue in USD million, and CAGR from 2023 to 2030

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, end use, country

Country scope

China; Japan; India; Australia; Southeast Asia

Key companies profiled

TP Polymer Private Limited; NHAT HUY GROUP; AGC Vinythai; Shin-Etsu Chemical Co., Ltd.; Prism Masterbatches; Sinochem Holdings Corporation Ltd.; Hanwha Solutions; Xinjiang Zhongtai Chemical Co. Ltd.; SCG Chemicals Public Company Limited; NAN YA PLASTICS CORPORATION; East Hope Group; Vinacompound Co. Ltd.; Teknor Apex, RIKEN TECHNOS CORP

Customization scope

Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional, and segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Asia Pacific Dry PVC Compound Market Report Segmentation

This report forecasts revenue and volume growth at regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Asia Pacific dry PVC compound market report based on application, end use, and country:

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • Films and Sheets

    • Wires and Cables

    • Pipes and Fittings

    • Profiles, Hoses, and Tubing

    • Edge Band

    • Others

  • End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • Automotive

    • Building & Construction

    • Consumer Goods

    • Packaging

    • Medical

    • Footwear

    • Toys

    • Others

  • Country Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

    • China

    • Japan

    • India

    • Australia

    • Southeast Asia

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