The global polyvinyl chloride (PVC) market has seen a steady increase in demand over the last decade, and energy efficiency drives promise to push demand even higher.
Energy efficiency and conservation are becoming increasingly important globally, and the major PVC region of Europe has been concerned with PVC sustainability for some time.
Global PVC demand stood at 22,181,797 tons in 2000, before increasing to 32,308,053 tons in 2011. Demand within the global PVC market is expected to grow at a compound annual growth rate (CAGR) of 4.9% between 2011 and 2020, to reach 49,534,145 tons by 2020.
The demand for PVC is highest in Asia, where more than 65% of global PVC demand stems from, with China driving the majority of the demand. Demand in developed countries such Japan has largely stabilised, but the growing economies and large populations of developing countries such as India and China, means that they have huge consumption potential.
Because of this, demand from Asia-Pacific will drive the PVC market in the future, and it is consequently vital to engage this region in Europe's sustainability efforts, in order to enhance energy efficiency and promote industrial recycling.
The construction, packaging and electrical sectors were the leading end-use segments for PVC in 2011, with 17,973,299 tons, 3,660,405 tons and 2,721,256 tons of demand respectively, accounting for around 75% of global PVC demand altogether.
The automotive, agriculture, footwear and other end-use sectors accounted for the remainder of global end-use demand.
For more information on the global PVC market, see the latest research: Global PVC Market Report
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