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Asia-Pacific is the biggest market of Polyvinyl Chloride - Report by MarketsandMarkets
Date:7/14/2014

pant 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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