Paste PVC Resin Market expansion key development | SCG (Thailand), The Sanmar Group (India), LG Chem (South Korea), Braskem (Brazil)
Paste PVC Resin Market Overview The global paste PVC resin market, during the forecast period 2018 to 2023, will register growth at a CAGR of 4.78% . The market for paste PVC resin is set to reach US$3,054.2 million by 2023. As per market analysts, the global market is anticipated to witness growth owing to the factors such as growing application of PVC paste in automotive and construction sector as well as the growing demand for lightweight vehicles. However, the market will face challenges and restraints due to availability of substitutes and the toxic nature of PVC modules during the forecast period 2018 to 2023. Advent of electric vehicles in the paste PVC resin market is set to play a key role in determining the growth potential during 2018 to 2023 years. Analysts have also studied the market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across manufacturing process, application, and grad