PVC COMPOUND
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The global PVC Compound industry has a low concentration. The major manufacturers are concentrated in USA, and Europe, such as Westlake Chemical, Mexichem, Aurora Plastics, Benvic Europe and INEOS Compounds. At present, Westlake Chemical is the world leader, holding 23.5% production market share in 2016. |
The global consumption of PVC Compound increases from 3430 K MT in 2012 to 4172 K MT in 2016, at a CAGR of more than 4.5%. In 2016, the global PVC Compound consumption market is led by North America and Europe. And North America is the largest region consumption market, accounting for about 48% of global consumption of PVC Compound.
PVC Compound downstream is wide and recently PVC Compound has acquired increasing significance in various fields of Wire & Cable, Pipe & Fitting. Globally, the PVC Compound market is mainly driven by growing demand for Pipe & Fitting. Pipe & Fitting accounts for nearly 34.5% of total downstream consumption of PVC Compound in global.
PVC Compound can be mainly divided into Dry PVC Compound, Wet PVC Compound. Which Dry PVC Compound captures about 73% of PVC Compound market in 2016. According to our research and analysis, manufacturers from North America are the major leaders in the international market of PVC Compound.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, PVC Compound consumption will show a trend of steady growth. In 2023 the consumption of PVC Compound is estimated to be 3959 K MT. On product prices, the slow upward trend in recent years will maintain in the future.
