According to a market report by Lucintel, the future of the global European PVC compound market looks promising with opportunities in the building & construction, electrical & electronics, packaging, automotive, consumer goods, and other applications. The global European PVC compound market is expected to reach an estimated $2.0 billion by 2030 from $1.7 billion in 2023,at a CAGR of 2.0% from 2023 to 2030. The major drivers for this market are increasing construction activities, increased demand for lightweight and corrosion-resistant materials, growing demand for pipe and fitting products, and recyclability.Browse 113 figures / charts and 78 tables in this 150 -page report to understand trends, opportunity and forecast in European PVC compound market to 2030 by application (pipes and fittings, profiles and tubes, film and sheets, wires and cables, flooring, medical and other applications), product type (rigid PVC and flexible PVC), end use (building & construction, electrical & electronics, packaging, automotive, consumer goods and other end uses), manufacturing process (injection molding, extrusion, and other manufacturing processes)
Lucintel forecasts that film and sheets will remain the largest segment over the forecast period due to increasing demand of food packaging in the emerging nations and pipes and fittings is expected to witness the highest growth over the forecast period.
Building and construction will remain the largest end use and consumer goods segment is expected to witness the highest growth during the forecast period.
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Westlake Corporation, INEOS Compound, Orbia, Formosa Plastic Corporation, Ercros, Teknor Apex, and ICIG (Benvic Group)are the major suppliers in the European PVC compound market.
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Lucintel
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Email: [email protected]
Tel. +1-972-636-5056
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