H2 2023: In the second half of 2023, the PVC market in the China region experienced fluctuating prices. Notably, the pricing landscape witnessed an increase in August 2023, driven by heightened demand from the construction sector and robust market activity in the middle of the quarter. This surge was prompted by expectations of a substantial boost in downstream construction demand, leading to increased offtakes. Concurrently, the supply-side dynamics were influenced by escalating feedstock prices in China, creating a ripple effect that constrained PVC production rates and fostered a bullish market environment. In response, market players strategically raised prices to safeguard their profit margins, aligning with an uptick in international offers. However, as September unfolded, a noticeable shift occurred in PVC prices, trending in a southward direction. This shift was attributed to stabilized demand and the presence of ample stock availability. The stabilization gained further support from a slowdown in procurement activities within the construction industry of China. With sufficient stock levels, traders and manufacturers took measures to stabilize their quotations, both in the domestic and international markets, marking a noteworthy turn in the pricing dynamics toward the end of the observed period.
H1 2023: In the first half of 2023, the China leading consumer of Poly Vinyl Chloride (PVC) by region, but the price of Poly Vinyl Chloride (PVC) declined during H1 2023. Notably, China, a substantial consumer of PVC worldwide, encountered a decline in demand in H1 2023. This decline was exacerbated by sluggish demand from the construction sector, leading to a subsequent reduction in PVC prices. The market experienced an increase in inventories along with competitive pricing, contributing to an overall drop in PVC prices. The construction industry in China underwent a notable decrease in projects, resulting in widespread inventory availability and heightened price volatility in the PVC market. Sectors ike pipes and fittings, reliant on construction demand, observed decreased offtakes, further influencing the PVC market. The tepid demand in the construction sector, coupled with sluggish offshore trading operations, notably impacted pricing dynamics in the China region. Furthermore, China's gradual economic recovery, marked by insufficient progress, played a role in dampening consumer buying enthusiasm, shaping the overall scenario in the Chinese PVC market during this period.
The China Poly Vinyl Chloride (PVC) market demand stood at 12.8 million tonnes in 2023 and is expected to grow at a CAGR of 3.2% during the forecast period until 2033.
Polyvinyl Chloride (PVC) emerges as a versatile material, finding widespread utility across diverse industries. In the construction sector, it plays a pivotal role in the fabrication of pipes, fittings, profiles, and cables, capitalizing on its remarkable durability, corrosion resistance, and cost-effectiveness. The electrical and electronics industry capitalizes on PVC's electrical insulation properties, incorporating it into the manufacturing processes of cables, insulation, and wiring for both power and communication applications. Beyond construction and electronics, PVC extends its impact into various realms. It serves a crucial role in the transportation sector, contributing to the manufacturing of automotive components such as dashboards, door panels, seat coverings, and insulation for wiring harnesses. The healthcare industry benefits from PVC's versatility, utilizing it in the production of medical devices, including tubing, blood bags, and medical packaging. Furthermore, PVC plays a significant role in the agricultural domain, where it is employed for irrigation pipes, greenhouse coverings, and various agricultural applications due to its resistance to chemicals and weathering. In essence, Polyvinyl Chloride stands as a cost-effective and adaptable thermoplastic polymer with a far-reaching impact, contributing to the resilience and functionality of a diverse array of products across industries.
Polyvinyl Chloride (PVC) is poised for growth in the forecast period, with China playing a pivotal role in this trajectory. The burgeoning construction industry in China, fuelled by extensive infrastructure development and urbanization projects, is a primary catalyst for the increased demand for PVC. Its versatility in applications like pipes, fittings, profiles, and cables aligns with the evolving needs of the construction sector. Additionally, the country's rising disposable income contributes to heightened demand for consumer goods, further driving the use of PVC in automotive components, household items, and healthcare products. Government initiatives and regulations, coupled with China's prominent position in global trade dynamics, also influence the growth of PVC by shaping material choices in construction and manufacturing. As a result, the forecasted surge in PVC usage is intricately linked to the dynamic market conditions and evolving demands within China's expanding economy. Due to these reasons, the China Poly Vinyl Chloride (PVC) market size is estimated to reach roughly 17.5 million tonnes in 2033.
Based on the end-user industry, the China Poly Vinyl Chloride (PVC) market is segregated into Pipe and Fittings, Profiles and Tubes, Films and Sheets, Bottles, Wires and Cables, and Others. The largest market share of PVC goes with the highest proportion in Pipes and Fittings about 39% in the year 2023.
Major players in the production of China Poly Vinyl Chloride (PVC) are Xinjiang Tianchen Chemical, Xinjiang Huatai Heavy Chemical, Sinopec Qilu Petrochemical, Yibin Haifing Herui, Tianjin Dagu Chemical, Shenhua Shaanxi Coal Chemical Project, Wuxi Greenapple Chemical Industry, Anhui Huasu Co., Erdos Chemical Group ChlorAlkali Chemical, Guangxi Tiandong Jinsheng Chemical, Hebei Jinniu Chemical Industry, Inner Mongolia Yili Chemical, Inner Mongolia Jilantai Salt Chemical, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2033
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Objective of the Study:
• To assess the demand-supply scenario of Poly Vinyl Chloride (PVC) which covers production, demand and supply of Poly Vinyl Chloride (PVC) market in China.
• To analyse and forecast the market size of Poly Vinyl Chloride (PVC)
• To classify and forecast China Poly Vinyl Chloride (PVC) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Poly Vinyl Chloride (PVC) market in China.
To extract data for China Poly Vinyl Chloride (PVC) market, primary research surveys were conducted with Poly Vinyl Chloride (PVC) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for China Poly Vinyl Chloride (PVC) market over the coming years.
ChemAnalyst calculated Poly Vinyl Chloride (PVC) demand across the China region by analysing the volume of Poly Vinyl Chloride (PVC) consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Poly Vinyl Chloride (PVC) manufacturers and other stakeholders
• Organizations, forums and alliances related to Poly Vinyl Chloride (PVC) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Poly Vinyl Chloride (PVC) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, China Poly Vinyl Chloride (PVC) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
12.8 million tonnes
Market size Volume by 2033
17.5 million tonnes
Growth Rate
CAGR of 3.2% from 2024 to 2033
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2033
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2033
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Pipe and Fittings, Profiles and Tubes, Films and Sheets, Bottles, Wires and Cables, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North China, South China, East China, West China and Rest of China
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the size of China Poly Vinyl Chloride (PVC) market in terms of volume in 2023?
Ans:
The size of China Poly Vinyl Chloride (PVC) market has grown significantly in the historic period and reached approximately 12.8 million tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Poly Vinyl Chloride (PVC)?
Ans:
Pipe and Fittings industry is the leading consumer of Poly Vinyl Chloride (PVC).
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