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Plasticized polyvinyl chloride (PVC) compounds are adhesives used in manufacturing different types of flexible PVCs with different applications in different industry sectors. Majorly, plasticized polyvinyl chloride (PVC) compound producing technologies are used in the manufacturing of finished end-products such as pipes, hoses, bags, and others which are used in building and construction, piping and insulation, healthcare, automobile, and wire and cable.
These plasticized polyvinyl chlorides (PVC) compounds are manufactured by two different processes, injection molding and extrusion. They are extracted from salts and crude oil. Data Bridge Market Research analyses that the plasticized polyvinyl chloride (PVC) compound market is expected to grow at a CAGR of 4.7% during the forecast period. ” Film and Sheet” accounts for the most prominent application segment in the respective market owing to the rise in plasticized polyvinyl chloride (PVC) compounds. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Market Definition
The PVC compound is based on the combination of polymers that give a formulation for the finished products necessary as per the requirement of the end-user. It is manufactured by mixing different ingredients of PVC raw materials, which are then converted into a jelly-like substance useful for manufacturing finished goods. Several types of raw materials are used in manufacturing the PVC compound, such as plasticizers, stabilizers, lubricants, fillers, and alloying polymers. Plasticized polyvinyl chloride (PVC) compound contains plasticizers and softening agents, which give a rubber-like property. Flexible PVC compounds provide flexibility to the products. Plasticized polyvinyl chloride (PVC) compounds are mostly used to manufacture the medical tubing, automotive body, electrical wiring, and others. These products need flexibility, so plasticized polyvinyl chloride (PVC) compounds are used in their manufacturing.
Competitive Landscape and Asia-Pacific Plasticized Polyvinyl Chloride (PVC) Compound Market Share Analysis
The Asia-Pacific plasticized polyvinyl chloride (PVC) compound market competitive landscape provides competitors’ details. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific plasticized polyvinyl chloride (PVC) compound market.
Some major players operating in the plasticized polyvinyl chloride (PVC) compound market are INEOS, Westlake Corporation, Formosa Plastics Corporation, Ercros SA, Teknor Apex, BENVIC, Zhonglian Chemical, among others.
The Market Dynamics of the Asia-Pacific Plasticized Polyvinyl Chloride (PVC) Compound Market Include:
Drivers/Opportunities faced by the Asia-Pacific Plasticized Polyvinyl Chloride (PVC) Compound Market
The countries are investing a huge sum of money in construction activities, moving toward the path of development. So, the increasing building and construction activities in developing countries have increased the usage of plasticized PVC compound products, which is expected to drive the growth of the Asia-Pacific plasticized PVC compound market.
Increasing urbanization has increased the demand for plasticized PVC tubes and fittings. According to an article of World’s Top Exports by Daniel Workman published in 2020, the Asia-Pacific sales for exported items made from plastic from all countries were worth a total of USD 85.3 billion in 2020, which is higher by an average of 26.3% from all exporting countries since 2016. So, the increasing demand for tubes and profiles in various sectors has increased the usage of plasticized PVC compounds in the production of molding tubes and profiles. Hence, the growing demand for tubes and profiles is expected to drive market growth.
Plasticized PVC compounds have a variety of applications due to their low cost and mechanical and physical properties. In the medical sector, it is commonly used in blood collection bags as it is flexible and unbreakable, which are preferred in modern blood banks as it is crucial in healthcare. The softness of the flexible plasticized PVC compound ensures comfortable medical devices. Also, it has various other applications and benefits in packaging, households and construction activities. So, the molding quality that helps to get any desired shape increases the demand for plasticized PVC compound manufactured products in the market. This leads to increased demand for plasticized PVC compounds, acting as a driver in the plasticized PVC compound market.
The plasticized PVC medical devices are recyclable and can be reformed into various new products. So, instead of wasting money on disposing of waste material and spending money on producing new material, the best way is to recycle the products. Sometimes, commodity prices of plasticized PVC compounds rise and provide financial incentive to utilize recycled PVC in manufacturing, encouraging the manufacturing units to use recycled PVC compounds. The recycling nature of the plasticized PVC compound products has increased its demand in the production of secondary products which are used in the medical sector. Hence, the recycling properties of plasticized PVC medical devices are expected to drive the plasticized PVC compound market growth.
Restraints/Challenges faced by the Asia-Pacific Plasticized Polyvinyl Chloride (PVC) Compound Market
Plasticized PVC compounds are used to manufacture the finished goods used in different atmospheric conditions. When plasticized PVC compounds are exposed to dynamic atmospheric conditions, various factors affect plasticized PVC compounds, such as UV radiations and temperature change which leads to the fissure of bonds within the plasticized PVC compound, separation of hydrogen chloride and formation of new bonds in plasticized PVC compound. Thus, from the above statements, it can be stated that high temperature has a bad effect on the plasticized PVC compound, which leads to a shorter life span of plasticized PVC finished goods
The health care industry is concerned about plasticized PVC products as several government bodies have issued warnings about products manufactured from PVC. The patients, particularly infants, are at risk of health from products containing plasticized PVC compound due to its serious side effects. Researchers found that sick infants treated in neonatal intensive care units had higher exposure to toxicants in their bodies. Thus, it can be concluded from the above statements that medical products and equipment manufactured through plasticized PVC compounds are infectious to infants, due to which, the demand for the plasticized PVC compound in the medical industry may fall in the near future.
Recent Developments
Asia-Pacific Plasticized Polyvinyl Chloride (PVC) Compound Market Scope
The Asia-Pacific plasticized polyvinyl chloride (PVC) compound market is segmented on the basis of form, manufacturing process, application, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
On the basis of form, the Asia-Pacific plasticized polyvinyl chloride (PVC) compound market is segmented into dry and wet.
Manufacturing Process
On the basis of the manufacturing process, the Asia-Pacific plasticized polyvinyl chloride (PVC) compound market is segmented into injection molding, extrusion, and others.
Application
On the basis of application, the Asia-Pacific plasticized polyvinyl chloride (PVC) compound market is segmented into film and sheet, wire and cabling, pipe and fitting, profiles and tubes, others.
End Use
On the basis of end use, the Asia-Pacific plasticized polyvinyl chloride (PVC) compound market is segmented into medical, building and construction, packaging, automotive, consumer goods, electrical and electronics, others.
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Asia-Pacific Plasticized Polyvinyl Chloride (PVC) Compound Market Regional Analysis/Insights
The Asia-Pacific plasticized polyvinyl chloride (PVC) compound market is analyzed, and market size insights and trends are provided by country, form, manufacturing process, application, and end use, as referenced above.
The countries covered in the Asia-Pacific plasticized polyvinyl chloride (PVC) compound market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific.
China is dominating the market due to the recycling abilities of plasticized PVC medical devices and growing building and construction activities in developing countries. Due to the recovinyl initiative in plasticized PVC compounds in the region and the plasticized polyvinyl chloride (PVC) compound, manufacturers are engaged in developing new plasticized polyvinyl chloride (PVC) compounds products in the region is propelling the region’s demand for plasticized polyvinyl chloride (PVC) compound.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, porter’s five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Major TOC of the Asia-Pacific plasticized polyvinyl chloride (PVC) compound market Report
• INTRODUCTION
• MARKET SEGMENTATION
• MARKET OVERVIEW
• EXECUTIVE SUMMARY
• PREMIUM INSIGHTS
• Integrated Passive Device Market
• COMPANY PROFILE
• COMPONENT MANUFACTURER
• CONCLUSION
• QUESTIONNAIRE
• RELATED REPORTS
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Explore More Reports@
Global Plasticized Polyvinyl Chloride (PVC) Compound Market, By Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes and Others), End Use (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
Europe Plasticized Polyvinyl Chloride (PVC) Compound Market, By Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes, Others), End Use (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
Middle East and Africa Plasticized Polyvinyl Chloride (PVC) Compound Market, By Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes, Others), End Use (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
North America Plasticized Polyvinyl Chloride (PVC) Compound Market, By Form (Dry and Wet), Manufacturing Process (Injection Molding, Extrusion, Others), Application (Film and Sheet, Wire and Cabling, Pipe and Fitting, Profiles and Tubes, Others), End-User (Medical, Building and Construction, Packaging, Automotive, Consumer Goods, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029
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