Bio-Based PVC Market Size, Share & Trends Report

Bio-Based PVC Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

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  • Report ID: GVR1298
  • Format: Electronic (PDF)
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Bio-based polyvinyl chloride (PVC) market is expected to witness considerable growth owing to its wide range of end-use application. Bio-based PVC is used to manufacture pipes, wires, films, cables and bottles which find application in end-use industries including building & construction, transportation & packaging, and electrical & electronics industries. Increasing electrical & electronics industry on account of surging wires and cables demand is likely to drive bio-based PVC market over the next six years. Growing building & construction industry coupled with increasing population in emerging economies such as India, China and South East Asia is expected to augment the market growth over the forecast period. Levulinic acid is a major source of producing bio-based polyvinyl chloride. Bio-based products are gaining popularity owing to increasing environmental safety and protection concern. This trend is anticipated to have positive impact on global bio-based PVC market over the forecast period. However, other bio-based polymers emergence may hinder the market growth over the next six years. Highly priced R&D initiatives for bio-based PVC development is expected to impose threat on the overall market growth over the forecast period. Increasing bio-based PVC application in pharmaceutical and automotive industries is likely to create ample opportunity for the market participants.

In 2009, major end-use industries recovered from global crisis in 2009 in North America and Europe. This is expected to have positive impact on the bio-based industries over the next six years. Stringent government regulations in U.S. and Canada, regarding non-biodegradable products usage is likely to have positive impact on bio-based PVC market in the regional market. High purchasing power in stable economies such as U.S., Germany, UK, and Korea has enabled commercialization of bio-based PVC in this region, and this market is further expected to continue over the forecast period. Increasing constructions in emerging economies such as China and India is expected to drive the bio-based PVC market in Asia Pacific region. Uncertain crude oil prices in Middle East which adversely affect the conventional PVC price is expected to be drive the market in this region over the next six years.

Supportive government regulatory system and innovation of novel bio-based products across the globe is likely to create an ample opportunity for new entrants as well as existing market players. Some limited players operating in global market include Solvay, Teknor Apex Company, Dow Chemicals Company, Metabolix and Ineos Group Limited.

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