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Asia-Pacific is the biggest market of Polyvinyl Chloride - Report by MarketsandMarkets

(PRWEB) July 14, 2014

The report, "Polyvinyl Chloride (PVC) Market by Raw Material (EDC & Acetylene), Polymerization Process, Product, End User Industry (Construction, Automotive, Electrical, Packaging, Footwear), Type of Application, & Geography – Trends and Forecasts to 2018", defines and segments the PVC market with the analysis and forecasting of the consumption in terms of volume and value.

Browse 88 market data tables and 27 figures spread through 176 pages and in-depth TOC on "Polyvinyl Chloride Market."

According to the report, the PVC market is quite fragmented due to the presence of a large number of players. Asia-Pacific is the biggest and also the second fastest growing region for PVC, after the RoW region. The report suggests that the construction industry drives the PVC market and is the second fastest growing sector. Various market players have integrated their plants to reduce the impact of the external environment on plant economics.

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As per the report, the top six players accounted for about 24.75% of the total market in 2012. Shin-Etsu Chemical Co. Ltd (Japan) was the leading market participant with 8.08% and 3870.00 KT of production capacity at the end of 2012. The company is among the major producers of chemical products with segments including PVC/chloro alkali, semiconductor silicon, electronics & functional materials, diversified, silicones, and specialty chemicals.

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In order to meet the demand in the emerging markets in Europe, North America, and Asia-Pacific, Shin-Etsu Chemicals focuses on its sales, R&D, and manufacturing. Due to rapid growth of PVC demand, the company focuses on investments for capacity addition at its existing plant. As a part of its business strategy, Shin-Etsu Chemicals concentrates on the concept of total integration in order to optimize its value chains and get an edge in the highly competitive PVC market. As per the report, the company is massively investing in R&D (research and development) for new products to transform its future.

The research report explains that Formosa Plastics Group (Taiwan) was the second largest player with 6.49% of market share and 3,110.00 KT of PVC production capacities by the end in2012, followed by Occidental Petroleum Corporation (U.S.) with 3.48% of the market share. Other key market participants include INEOS (U.K.) and Solvay S.A. (Belgium).

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