PUNE, MAHARASTRA, INDIA, December 9, 2019 /EINPresswire.com/ — Summary:
A new market study, titled “Discover Global PVC Compound Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Global PVC Compound Market
The latest report by ICRWorld Research states that the global pvc compound market is expected to grow at a substantial rate in the coming future. The study also discusses the market size and growth prospects distributed regionally while also stating the motivating and restraining factors influencing the global pvc compound market. Polyvinyl chloride (PVC) is used for various medical applications such as manufacturing of flanges for Copper-T, oxygen mask, blood bags, urine bags, glucose bags, disposable tubes and more, food and packaging applications such as producing bottles, blister packaging films and crown caps, industrial applications such as petrol tubes, profiles, co-extrusion strap, hoses for fuels and oils and gaskets, building and construction and consumer and institutional.
Rising substitution for glass, natural rubber, metals, wood and man-made materials, such as concrete is expected to drive the growth of the market. The increased demand for plastic due to its industrial applications due to its versatile benefits, easy molding abilities and the capacity to form various shapes also motivates the growth of the market. However, there are a few restrictions limiting the growth of the market. Political instability leads to volatility in crude oil prices which in turn affects the entire supply chain cycle and hence may impede the growth of the market. Furthermore, the market is highly integrated from the initial stage to the final stage and major companies have established healthy supply partnerships which may also have a greater impact on the prices of plastic compounding.
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Key Players of Global PVC Compound Market =>
• Westlake Chemical
• Benvic Europe
• INEOS Compounds
• Vinyl Compounds
• Teknor Apex
• Flex Technologies
• Aurora Plastics
• Cary Compound
• S&E Specialty Polymers
• Sylvin Technologies
• Konnark Polymer
• Mazda Plastic
The global pvc compound market is segmented based on end user industry, product types, manufacturing processes and applications. The global pvc compound market is segmented based on end user industry as electrical and electronics, building and construction, packaging, automotive and others. The global pvc compound market is segmented based on application as film and sheet, wire and cabling, pipe and fitting, flooring, profiles and tubes and others. The global pvc compound market is segmented based on product type as rigid pvc and flexible pvc. The global pvc compound market is segmented on the basis of manufacturing processes as injection molding, extrusion and others.
Geographically, the global pvc compound market is segmented as Asia-Pacific, North America, South America, Middle East & Africa and Europe. Asia Pacific emerged as the largest region which was preferred by various economic, environment and emergence of plastic manufacturers owing to the rising manufacturing sector, favorable government policies and rising population size. Also, the presence of the automobile sector in the region makes it a key player in the pvc compound market which is an allied market to the automobile industry. Europe is likely to stay a saturated market with a slightly positive factors in Central and Eastern European countries owing to various government regulations over environmental concern which limit the use of pvc. Manufacturers are forced to go the sustainable route if they wish to retain and expand their business in these regions.
Major Key Points of Global PVC Compound Market
• Chapter 1 About the PVC Compound Industry
• Chapter 2 World Market Competition Landscape
• Chapter 3 World PVC Compound Market share
• Chapter 4 Supply Chain Analysis
• Chapter 5 Company Profiles
• Chapter 6 Globalisation & Trade
• Chapter 7 Distributors and Customers
• Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries
• Chapter 9 World PVC Compound Market Forecast through 2024
• Chapter 10 Key success factors and Market Overview
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Source: EIN Presswire