Bio-based Polyvinyl Chloride Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bio-based Polyvinyl Chloride Market Analysis
The market for bio-based polyvinyl chloride (PVC) is expected to grow at a CAGR of over 4% during the forecast period. The major factor driving the growth of the bio-based polyvinyl chloride market is the strict government guidelines due to increasing environmental safety and protection concerns. On the other side, the unfavorable situation emerging because of the abrupt outbreak of COVID-19 is foreseen to thwart the growth of the market studied.
- Building & construction industry is anticipated to dominate the bio-based PVC market during the forecast timeframe.
- Asia-Pacific is expected to be the largest market due to the large-scale consumption of bio-based polyvinyl chloride products in various end-user industries in the region.
Bio-based Polyvinyl Chloride Market Trends
This section covers the major market trends shaping the Bio-based Polyvinyl Chloride Market according to our research experts:
Building & Construction Industry to Dominate the Bio-Based PVC Market
- Bio-based Polyvinyl Chloride (PVC) finds application in various areas in the building and contruction sector including pipes, cables, flooring, and others.
- In 2019, the global spending of the building & construction industry was estimated at about USD 11 trillion and it is expected to reach around USD 14 trillion by 2025.
- The United States contributed roughly USD 91.5 billion for new non-residential commercial construction in 2019. This spending is anticipated to reach more than USD 89.4 billion by 2023.
- Saudi Arabia, an oil-rich nation, is planning to shift its economic focus from oil, and therefore, the Saudi government has decided to invest over USD 450 billion in the development of its infrastructure under its Saudi Arabia vision plan 2030. It is expected to increase the revenue of the market studied.
- All the aforementioned factors are expected to drive the bio-based polyvinyl chloride market during the forecast period.
Asia-Pacific Region to Dominate Bio-Based Polyvinyl Chloride Market
- Asia-Pacific region holds a prominent share in the bio-based polyvinyl chloride market globally and is expected to dominate the market during the forecast timeline.
- By the end of 2020, Asia-Pacific is projected to lead the construction spending accounting for almost 46% of the share globally with counties like China, India, Indonesia making the major contribution in the industry.
- In 2019, the value of the Asia-Pacific luxury packaging market is estimated to be USD 4.78 billion and is anticipated to reach USD 7.02 billion by 2025.
- In 2019, the value added in the construction industry in China is estimated to be around 7090.4 Billion RMB.
- Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.
Bio-based Polyvinyl Chloride Industry Overview
The market for bio-based polyvinyl chloride is consolidated. Some of the players in the market include INOVYN, Bio-Tec Environmental, LLC, INEOS, ENSO Plastics, and Sylvin Technologies, Inc.
Bio-based Polyvinyl Chloride Market Leaders
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INOVYN
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Bio-Tec Environmental, LLC
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ENSO Plastics
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Sylvin Technologies, Inc.
*Disclaimer: Major Players sorted in no particular order
Bio-based Polyvinyl Chloride Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Strict Government Guidelines for Environmental Safety
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Abrupt Outbreak of COVID-19
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Pipes
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5.1.2 Wires
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5.1.3 Films
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5.1.4 Cables
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5.1.5 Others
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5.2 End-User
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5.2.1 Building & Construction
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5.2.2 Transportation & Packaging
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5.2.3 Electrical & Electronics
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5.2.4 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Bio-Plastic Solutions, LLC
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6.4.2 Bio-Tec Environmental, LLC
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6.4.3 ENSO Plastics
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6.4.4 INOVYN
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6.4.5 Neste
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6.4.6 Nomaco
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6.4.7 Sylvin Technologies, Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Bio-based Polyvinyl Chloride Industry Segmentation
The Bio-Based Polyvinyl Chloride Market report includes:
| Application | |
| Pipes | |
| Wires | |
| Films | |
| Cables | |
| Others |
| End-User | |
| Building & Construction | |
| Transportation & Packaging | |
| Electrical & Electronics | |
| Others |
| Geography | |||||||
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Bio-based Polyvinyl Chloride Market Research FAQs
What is the current Bio-Based Polyvinyl Chloride Market size?
The Bio-Based Polyvinyl Chloride Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Bio-Based Polyvinyl Chloride Market?
INOVYN, Bio-Tec Environmental, LLC, ENSO Plastics and Sylvin Technologies, Inc. are the major companies operating in the Bio-Based Polyvinyl Chloride Market.
Which is the fastest growing region in Bio-Based Polyvinyl Chloride Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bio-Based Polyvinyl Chloride Market?
In 2024, the Asia Pacific accounts for the largest market share in Bio-Based Polyvinyl Chloride Market.
What years does this Bio-Based Polyvinyl Chloride Market cover?
The report covers the Bio-Based Polyvinyl Chloride Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bio-Based Polyvinyl Chloride Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bio-Based Polyvinyl Chloride Industry Report
The market for bio-based polyvinyl chloride is segmented by various applications such as pipes, wires, films, cables, and others. Additionally, the market is categorized by end-users, including building and construction, transportation and packaging, electrical and electronics, and others. Geographically, the market is divided into Asia-Pacific, North America, Europe, South America, and the Middle-East & Africa.
Industry reports indicate a positive industry outlook, with market growth driven by increasing demand across various sectors. The market leaders are focusing on innovations and sustainable practices to maintain their market position. The industry statistics show a significant growth rate, supported by comprehensive market research and industry analysis.
According to market data, the market forecast highlights promising market trends, with a detailed market overview provided in the report. The market review emphasizes the importance of market segmentation and the role of market value in driving industry sales. The industry information and industry research included in the report offer valuable insights into the market size and market predictions.
The report example and report pdf provide a thorough market analysis, showcasing the market share and market growth. The industry size and industry trends are well-documented, offering a clear picture of the market outlook and market forecast. The market segmentation is crucial for understanding the diverse applications and end-users, while the market value underscores the economic impact of the bio-based polyvinyl chloride market.
Overall, the industry overview and market report present a comprehensive view of the market, supported by extensive market research and industry analysis. The market leaders continue to drive the industry forward, with market trends and market growth shaping the future of bio-based polyvinyl chloride.
