World News: 15:44 GMT Wednesday 7th August 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Aug. 07, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.This study includes the PVC compound market size and forecast for the PVC compound market through 2024, segmented by application, end use, product type, manufacturing process, and region.
The future of the polyvinylchloride (PVC) compound market is promising with opportunities in the electrical and electronics, building and construction, packaging, automotive industries. The major drivers for this market are growth in building and construction activities and increasing demand for consumer electronics.
An emerging trend, which has a direct impact on the dynamics of the PVC compound industry, includes development of molecular orientation technology for efficient, environment-friendly, and cost-efficient high pressure PVC water pipe.
On the basis of comprehensive research, the report forecasts that the film and sheet segment will remain the largest application by value and volume due to increasing demand for food packaging in the emerging nations. The report predicts that flooring application is expected to witness the highest growth during forecast period due to growth in luxury vinyl tile (LVT) market.
Within this market, PVC compound for electrical and electronics is expected to remain the largest end use industry and it is also expected to witness the highest growth during the forecast period due to growth in wire & cable and consumer electronics market.
Asia-Pacific (APAC) is expected to remain the largest region by value and volume and it is also expected to experience the highest growth over the forecast period due to increasing demand for pipe & fitting, wire & cable, and profiles.
Some of the PVC compound companies profiled in this report include Westlake, INEOS, Mexichem, Formosa Plastics, PKN Orlen, Ercros, Teknor Apex, Benvic, Aurora Plastics, and Roscom and others.
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Globe Newswire: 15:44 GMT Wednesday 7th August 2019
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