Plasticized polyvinyl chloride (PVC) compounds are adhesives used in manufacturing different types of flexible PVCs with different applications in different industry sectors. Majorly, plasticized polyvinyl chloride (PVC) compound producing technologies are used in the manufacturing of finished end-products such as pipes, hoses, bags, and others which are used in building and construction, piping and insulation, healthcare, automobile, and wire and cable.

These plasticized polyvinyl chlorides (PVC) compounds are manufactured by two different processes, injection molding and extrusion. They are extracted from salts and crude oil. Data Bridge Market Research analyses that the plasticized polyvinyl chloride (PVC) compound market is expected grow at a CAGR of 4.6% during the forecast period. " Film and Sheet" accounts for the most prominent application segment in the respective market owing to the rise in plasticized polyvinyl chloride (PVC) compounds. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

The PVC compound is based on the combination of polymers that give a formulation for the finished products necessary as per the requirement of the end-user. It is manufactured by mixing different ingredients of PVC raw materials, which are then converted into a jelly-like substance useful for manufacturing finished goods. Several types of raw materials are used in manufacturing the PVC compound, such as plasticizers, stabilizers, lubricants, fillers, and alloying polymers. Plasticized polyvinyl chloride (PVC) compound contains plasticizers and softening agents, which give a rubber-like property. Flexible PVC compounds provide flexibility to the products. Plasticized polyvinyl chloride (PVC) compounds are mostly used to manufacture the medical tubing, automotive body, electrical wiring, and others. These products need flexibility, so plasticized polyvinyl chloride (PVC) compounds are used in their manufacturing.

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Global Plasticized Polyvinyl Chloride (PVC) Compound Market Key Players/Share Analysis

The global plasticized polyvinyl chloride (PVC) compound market competitive landscape provides competitors' details. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the global plasticized polyvinyl chloride (PVC) compound market.

Some major players operating in the plasticized polyvinyl chloride (PVC) compound market are INEOS, Westlake Corporation, Formosa Plastics Corporation, Ercros SA, Teknor Apex, Aurora Plastics LLC, Roscom Inc., PKN ORLEN, BENVIC, Zhonglian Chemical, and Rainmaker Polymers LLC among others.

Global Plasticized Polyvinyl Chloride (PVC) Compound Market Dynamics Include:

Drivers/Opportunities 

·         Growing building and construction activities in developing countries

The countries are investing a huge sum of money in construction activities, moving toward the development path. So, the increasing building and construction activities in developing countries have increased the usage of plasticized PVC compound products, which is expected to drive the global plasticized PVC compound market growth.

·         Increasing demand for tubes and profiles

Increasing urbanization has increased the demand for plasticized PVC tubes and fittings. According to an article World's Top Exports by Daniel Workman published in 2020, the global sales for exported items made from plastic from all countries were worth a total of USD 85.3 billion in 2020, which is higher by an average of 26.3% than all exporting countries since 2016. So, the increasing demand for tubes and profiles in various sectors has increased the usage of plasticized PVC compounds in the production of molding tubes and profiles. Hence, the growing demand for tubes and profiles is expected to drive market growth.

·         Ability to form desired shape due to molding quality

Plasticized PVC compounds have a variety of applications due to their low cost and mechanical and physical properties. In the medical sector, it is commonly used in blood collection bags as it is flexible and unbreakable, which are preferred in modern blood banks as it is crucial in healthcare. The softness of the flexible plasticized PVC compound ensures comfortable medical devices. Also, it has various other applications and benefits in packaging, households and construction activities. So, the molding quality that helps to get any desired shape increases the demand for plasticized PVC compound manufactured products in the market. This leads to increased demand for plasticized PVC compounds, acting as a driver in the plasticized PVC compound market.

·         Recycling abilities of Plasticized PVC medical devices

The plasticized PVC medical devices are recyclable and can be reformed into various new products. So, instead of wasting money on disposing of waste material and spending money on producing new material, the best way is to recycle the products. Sometimes, commodity prices of plasticized PVC compounds rise and provide financial incentive to utilize recycled PVC in manufacturing, encouraging the manufacturing units to use recycled PVC compounds. The recycling nature of the plasticized PVC compound products has increased its demand in the production of secondary products which are used in the medical sector. Hence, the recycling properties of plasticized PVC medical devices are expected to drive the plasticized PVC compound market growth.

 Plasticized Polyvinyl Chloride (PVC) Compound Market Restraints/Challenges 

·         Temperature effect on plasticized PVC compound

Plasticized PVC compounds are used to manufacture the finished goods used in different atmospheric conditions. When plasticized PVC compounds are exposed to dynamic atmospheric conditions, various factors affect plasticized PVC compounds, such as UV radiations and temperature change, leading to the fissure of bonds within the plasticized PVC compound and separation of hydrogen chloride and formation of new bonds in plasticized PVC compound. Thus, from the above statements, it can be stated that high temperature has a bad effect on the plasticized PVC compound, which leads to a shorter life span of plasticized PVC finished goods

·         Phasing out plasticized PVC in hospitals

The health care industry is concerned about plasticized PVC products as several government bodies have issued warnings about products manufactured from PVC. The patients, particularly infants, are at risk of health from products containing plasticized PVC compound due to its serious side effects. Researchers found that sick infants treated in neonatal intensive care units had higher exposure to toxicants in their bodies. Thus, it can be concluded from the above statements that medical products and equipment manufactured through plasticized PVC compounds are infectious to infants, due to which, the demand for the plasticized PVC compound in the medical industry may fall in the near future.

Recent Developments

·         In December 2021, Roscom Inc was acquired by Geon Performance. This development helped the company to increase its revenue and work effectively

·         In January 2022, Westlake launched GreenVin Polyvinyl Chloride (PVC), a lower-carbon alternative PVC. It is launched by one of its subsidiaries, the Vinnolit subsidiary in Germany. It is mostly used in the construction, automotive and medical sectors. This will help the company to increase its product portfolio

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Plasticized Polyvinyl Chloride (PVC) Compound Market Scope

The global plasticized polyvinyl chloride (PVC) compound market is segmented on the basis of form, manufacturing process, application, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

·         Dry

·         Wet

On the basis of form, the global plasticized polyvinyl chloride (PVC) compound market is segmented into dry and wet.

Manufacturing Process

·         Injection Molding

·         Extrusion

·         Others

On the basis of the manufacturing process, the global plasticized polyvinyl chloride (PVC) compound market is segmented into injection molding, extrusion and others. 

Application

·         Film And Sheet

·         Wire And Cabling

·         Pipe And Fitting,

·         Profiles And Tubes

·         Others

On the basis of application, the global plasticized polyvinyl chloride (PVC) compound market is segmented into film and sheet, wire and cabling, pipe and fitting, profiles and tubes, others.

End Use

·         Medical

·         Building And Construction

·         Packaging

·         Automotive

·         Consumer Goods

·         Electrical And Electronics

·         Others

On the basis of end use, the glo