Polyvinyl Chloride (PVC) Market is estimated to be valued at USD 62.33 Bn in 2025 and is expected to reach USD 80.92 Bn by 2032, growing at a compound annual growth rate (CAGR) of 3.8% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 62.33 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
3.80%
2032 Value Projection:
USD 80.92 Bn
Polyvinyl chloride (PVC) is a thermoplastic resin that is manufactured by reacting vinyl chloride monomers with divalent metal ions in an emulsion. PVC is available in rigid and flexible forms depending on the type of stabilizers that are used. Rigid PVC is characterized by high mechanical strength, low cost, and good electrical properties. PVC is used to manufacture pipes and fittings, films and sheets, bottles, hoses and tubing, wires and cables, and profiles. The major end-users of the PVC include building and construction, automotive, electrical and electronics, packaging, footwear, and healthcare.
Market Dynamics:
The global polyvinyl chloride Market has seen a steady growth over the years and is expected to grow even further in the forecast period. This growth can be attributed to the growing demand for durable, cost-effective and environmentally friendly products which are being used in various applications. The market is also being driven by the increasing demand for wood-plastic composites, the development of renewable energy, and the use of highly efficient pumps.
However, the market is being hindered by a number of factors including the ban on PVC in the construction of green buildings, fierce competition from steel and concrete pipes, and the economic slump in developed countries.
Key features of the study:
This report provides in-depth analysis of the global Polyvinyl Chloride (PVC) market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global Polyvinyl Chloride (PVC) market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ChemChina, Formosa Plastics Corporation, Ineos, Inner Mongolia Junzheng Energy & Chemical Group, Kem One, LG Chem, Occidental Petroleum Corporation, Orbia, SABIC, Shaanxi Coal and Chemical Industry Group Co. Ltd, Shin-Etsu Chemical Co. Ltd, Xinjiang Tianye (Group) Co. Ltd, Westlake Chemical Corporation, and Xinjiang Zhongtai Chemicals
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global Polyvinyl Chloride (PVC) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Polyvinyl Chloride (PVC) market
Detailed Segmentation:
Global Polyvinyl Chloride (PVC) Market, By Product Type
Rigid PVC (Clear Rigid PVC and Non-clear Rigid PVC)
Flexible PVC (Clear Flexible PVC and Non-clear Flexible PVC)
Low-smoke PVC
Chlorinated PVC
Global Polyvinyl Chloride (PVC) Market, By Stabilizer Type
Calcium-based Stabilizers (Ca-Zn Stabilizers)
Lead-based Stabilizers (Pb Stabilizers)
Tin and Organotin-based (Sn Stabilizers)
Barium-based and Other Stabilizer Types (Liquid Mixed Metals)
Global Polyvinyl Chloride (PVC) Market, By Application
Pipes and Fittings
Films and Sheets
Wires and Cables
Bottles
Profiles, Hoses, and Tubing
Other Applications
Global Polyvinyl Chloride (PVC) Market, By End User Industry
Healthcare
Automotive
Electrical and Electronics
Packaging
Footwear
Building and Construction
Other End user Industries
Global Polyvinyl Chloride (PVC) Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles
ChemChina
Formosa Plastics Corporation
Ineos
Inner Mongolia Junzheng Energy & Chemical Group
Kem One
LG Chem
Occidental Petroleum Corporation
Orbia
SABIC
Shaanxi Coal and Chemical Industry Group Co. Ltd
Shin-Etsu Chemical Co. Ltd
Xinjiang Tianye (Group) Co. Ltd
Westlake Chemical Corporation
Xinjiang Zhongtai Chemicals
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Product Type
Market Snapshot, By Stabilizer Type
Market Snapshot, By Application
Market Snapshot, By End User Industry
Market Snapshot, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Growing demand from medical and construction industry
Negative environmental impact
Emerging demand for recycling PVC
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Polyvinyl Chloride (PVC) Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Polyvinyl Chloride (PVC) Market, By Product Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Rigid PVC (Clear Rigid PVC and Non-clear Rigid PVC)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Flexible PVC (Clear Flexible PVC and Non-clear Flexible PVC)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Low-smoke PVC
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Chlorinated PVC
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Polyvinyl Chloride (PVC) Market, By Stabilizer Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Calcium-based Stabilizers (Ca-Zn Stabilizers)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Lead-based Stabilizers (Pb Stabilizers)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Tin and Organotin-based (Sn Stabilizers)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Barium-based and Other Stabilizer Types (Liquid Mixed Metals)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
7. Global Polyvinyl Chloride (PVC) Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Pipes and Fittings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Films and Sheets
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Wires and Cables
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Bottles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Profiles, Hoses, and Tubing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Other Applications
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
8. Global Polyvinyl Chloride (PVC) Market, By End User Industry, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Healthcare
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Automotive
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Electrical and Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Packaging
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Footwear
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Building and Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Other End user Industries
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
9. Global Polyvinyl Chloride (PVC) Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2025 -2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Stabilizer Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Stabilizer Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Stabilizer Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Stabilizer Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Stabilizer Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2020-2032,(US$ Bn)