According to the report titled "India Polyvinyl Chloride (PVC) Market Research Report, 2027", published by Actual Market Research, the PVC market is projected to grow at 11.89% CAGR by 2026–27. In recent years, the strongest PVC consumption has been concentrated in India. The common drivers of consumption tend to be a large population base with a stable political climate. Economical and versatile, PVC is used in various industries such as agriculture, construction/infrastructure & housing, packaging, automotive, electrical & electronics, healthcare, and fast-moving consumer goods.
Among these industries, construction, infrastructure, and housing are projected to acquire more than 35% of the market share during the forecast period. PVC makes a major contribution to the quality, safety, and cost-effectiveness of construction materials. PVC also offers low environmental impacts compared to other components. In addition to the new projects, PVC is also widely used in refurbishment, where it often replaces traditional materials such as metal and wood. Further, as PVC is durable, dependable, and light in weight, flexible PVC plays an important role in the packaging industry.
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The market is highly competitive, with a considerable number of regional and global players. At the same time, this report includes company profiling for the companies like – Reliance Industries Limited, Finolex Industries Limited, Chemplast Sanmar Limited, DCW Limited, DCM Shriram Limited, Occidental Petroleum Corporation, Formosa Plastics Group, Mistui Chemicals, Hanwha Chemical Corporation, LG Chem.
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Covid-19 Impact: The COVID-19 pandemic resulted in an economic crisis across the globe. India was also heavily impacted during the outbreak. Since the rise in the demand for PVC is directly linked to the GDP, this situation has been a major challenge for the Indian economy. The major PVC-consuming industries, such as electrical, automotive, and building and construction, were severely hit by the pandemic. Due to the lockdown and social distancing scenario, production units were at a halt and the supply chain was also disrupted. However, by the end of 2020, manufacturers will have regained their progress at a higher pace. Also, a change in consumer preference and growing adoption of PVC in various new applications are projected to fuel the market's growth by 2026–27.
Conducts Overall the India Polyvinyl chloride (PVC) Segmentation:
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Regions covered in the India Polyvinyl chloride (PVC) market report 2027:
Table of Contents
3.1. Market Considerate
3.2. Market Definition & Assumptions
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