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) Read More

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. Read More

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). Read More

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. Read More

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. Read More

Bio-Based Polyvinyl Chloride Market Trends

Statistics for the 2023 & 2024 Bio-Based Polyvinyl Chloride market trends, created by Mordor Intelligence™ Industry Reports. Bio-Based Polyvinyl Chloride trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Bio-Based Polyvinyl Chloride Industry

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.

Bio-Based Polyvinyl Chloride PVC Market Revenue Share

Understand The Key Trends Shaping This Market

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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.