Market Overview
The global Paste
PVC Resin Market Trends, 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.
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Advent of electric
vehicles in the Paste PVC Resin Market Trends 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 grade segments, factors such as
a ban on the phthalates owing to their toxicity could slow down the market's
growth worldwide.
Market Segmentation
The Paste PVC Resin
Market Trends has been segmented into manufacturing process, application, and
grade. Based on the segment which is the manufacturing process, the Paste
PVC Resin Market Trends is categorized on the basis of emulsion and
micro-suspension methods. The global market for paste PVC resin is further
segmented based on application into printing inks, adhesive, automotive
sealant, industrial gloves, molding, PVC flooring, synthetic leather, wall
coverings, and others. Furthermore, the market, on the basis of grade is
segmented into K grade, and high K grade, low K grade, and vinyl acetate
copolymer grade.
The global market
research report covers all the aspects of the market based on the segmental
analysis of these manufacturing process, application, and grade segments.
Analysts have also studied the global market's regional markets spread across
many continents and countries. The manufacturing process, application, and
grade segments along with their sub-segments have been analyzed and companies
functioning in the market across these segments are profiled and analyzed based
on input and feedback from market based decision makers as well as primary and
secondary sources. The Paste PVC Resin Market Trends research report
presents analysis based information for companies functioning in the
market.
Regional Overview
The availability of
alternatives to PVC resins may hinder the market growth. The market research
report suggests that companies in the market could be supported by the growing
demand in coating, foaming, rotational foaming, and spray coating as well as
the increasing demand for pocket-friendly construction during the forecast
period. The market is set to register growth at a high CAGR owing to these key
factors. The Paste PVC Resin Market Trends is spread across North America,
Europe, Asia-Pacific, and other parts of the world. The global market research
report reveals that APAC, North America, and Europe regional markets will
dominate the global market for paste PVC resin during the forecast period 2018
to 2023. As per market analysts, the market is set to witness tremendous growth
across PVC flooring and High K grade segments in North America which covers
markets across the United States, Canada, Mexico and several other regional
markets. Companies active in the market are also analyzed and studied in the
market research report.
The paste PVC resin market for Europe covers
smaller market segments of Germany, Italy, France, and the United Kingdom.
Additionally, the market research report covers the Asia-Pacific region
covering markets from India, China, Japan, Australia, and others. The market is
also spread across the rest of the world. The market report covers all such
regions including the Middle East, Africa, Brazil, and others.
Competitive
Landscape
Paste PVC resin has
seen increased demand over the years, due to expected to favor the market
growth and the rising demand for lightweight automobiles. Companies functioning
in the global market are also being challenged due to the unstable prices of
the raw material and ban on phthalates. Mergers and acquisitions by market
companies are anticipated to help the market during the forecast period 2018 to
2023. As the market is set to register a high CAGR of 4.78% and is also
anticipated to reach a US$3,054.2 million by 2023, the report highlights key
areas companies need to focus on. The report suggests that the market will see
a healthy growth in the long run till 2023. Based on SWOT analysis and market’s
analysis based on Porters’ Five Force Model presented in the market report.
Mergers and acquisitions by market companies are anticipated to help the market
during the forecast period 2018 to 2023.
Industry News
Westlake Chemical
Corporation announced today that it has reached a binding deal with the private
equity company Advent International to purchase the German-based Vinnolit
Holdings GmbH and its subsidiaries. Specialty polyvinyl chloride
("pvc") resins are an integrated world pioneer in Vinnolit. The €490
million purchase price would be funded with Westlake's current cash and loan
facilities. In the third quarter of 2014, the deal is scheduled to close
pursuant to customary closing conditions, including regulatory scrutiny.
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