global polyvinyl chloride market 2021 Executive Summary, Segmentation Forecast to 2030
Market Analysis The global polyvinyl chloride market is predicted to touch USD 72.0 billion at a 4.5% CAGR over the forecast period (2022–2030), states the latest Market Research Future (MRFR) report. Polyvinyl chloride or PVC is basically a synthetic resin that is created from vinyl chloride polymerization. It is highly preferred over traditional materials, which include wood, copper, or iron in several profile applications owing to multiple benefits, alluring features, and operational efficiencies. PVC can be made soft and flexible with the addition of phthalates and plasticizers. In the soft and flexible form, it is used in inflatable products, plumbing, electrical cable insulation, and some applications that can replace rubber. PVC has an extensive range of applications including plasticizers, healthcare, clothing, furniture, construction, and others. Today it exists in a plethora of consumer products which includes packaging, cling films, credit cards, bottles, and others. It is