Polyvinyl Chloride (PVC) Market Size Worth USD 12.36 Billion by 2034 | CAGR: 3.7%

The global polyvinyl chloride (PVC) market size is expected to reach USD 12.36 billion by 2034, according to a new study by Polaris Market Research. The report “Polyvinyl Chloride (PVC) Market Size, Share, Trends, Industry Analysis Report: By Grade (Rigid PVC, Flexible PVC, and Others), Application, End-Use Industry, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Polyvinyl chloride (PVC), also known as vinyl, is a thermoplastic material made by polymerizing vinyl chloride monomers. The material is known for its cost-effectiveness, versatility, and fabricability. It is used in a variety of applications, including packaging, pipes, and medical supplies. High levels of disposable income and investments in infrastructure development across emerging economies are expected to open up new possibilities for PVC applications.  

The rising usage of polyvinyl chloride in construction applications is one of the major factors driving the polyvinyl chloride market growth. The affordability and versatility of PVC allow for a wide range of construction applications, including pipes, cables, and roofing materials. In addition, the growing demand for non-corrosive materials like PVC in industries requiring durability and long-lasting performance contributes to the expansion of the market.

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Technological developments in PVC formulations and recycling methods are leading to the production of sustainable PVC products, increasing their attractiveness to environmentally conscious consumers. Companies are investigating new uses of PVC in various applications, such as wind turbines or solar panel components, which are expected to boost the market revenue in the coming years.

Key Highlights of Polyvinyl Chloride Market Report

• Based on grade, the rigid PVC segment led the market with a 46.7% revenue share in 2024, driven by the widespread use of rigid PVC in construction applications like pipes, window frames, and doors.
• Based on the end-use industry, the building & construction segment held the largest market revenue share in 2024, driven by continuous urbanization and infrastructure development, especially in emerging economies.  
• Asia Pacific led the global market with a 36.9% revenue share in 2024, fueled by rapid urbanization and infrastructure development across the region.
• The North American polyvinyl chloride market accounted for a significant market share of 23.3% in 2024 due to the rising emphasis on utilizing high-quality insulation materials to improve the energy efficiency of construction projects,
• Finolex Industries Ltd., Orbia, Saudi Plastics Products Company Ltd., Formosa Plastics Corporation, LG Chem, Mexichem SAB de CV, Occidental Petroleum Corporation, Avient Corporation, DuPont, Entec Polymers, and hin-Etsu Chemical Company Ltd. are among few of the key players influencing the polyvinyl chloride market revenue.

Polaris Market Research has segmented the global polyvinyl chloride market report on the basis of grade, application, end-use industry, and region:

Polyvinyl Chloride Market Segmentation

By Grade Outlook (Revenue – USD Billion, 2020–2034)

• Flexible PVC
• Rigid PVC
• Others

By Application Outlook (Revenue – USD Billion, 2020–2034)

• Films & Sheets
• Pipes & Fittings
• Bottles
• Wires & Cables
• Others

By End-Use Industry Outlook (Revenue – USD Billion, 2020–2034)

• Automotive
• Building & Construction
• Packaging
• Electrical & Electronics
• Healthcare
• Footwear
• Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Polyvinyl Chloride Market Report Scope