Polyvinyl fell to 4,748 CNY/T on August 29, 2025, down 0.77% from the previous day. Over the past month, Polyvinyl's price has fallen 8.95%, and is down 12.30% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Polyvinyl.

Why did the Poly Vinyl Chloride Price Change in July 2025? Poly Vinyl Chloride (PVC) Price Index in North America declined gradually through Q2 2025, reflecting subdued global demand and elevated inventory levels.

Get comprehensive insights into the Polyvinyl Chloride market, with a focused analysis of the Polyvinyl Chloride price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

Global polyvinyl chloride (PVC) prices were *** U.S. dollars per metric ton in October 2024. This was the lowest monthly PVC price since May 2020. The highest price over the past three years was recorded in October 2021, at ***** U.S. dollars per metric ton. Since then, monthly PVC prices have mostly been on a downward trajectory.

The average global price of polyvinyl chloride (PVC) in 2023 was *** U.S. dollars per metric ton, which represents a decrease from the previous year’s average price of ***** U.S. dollars per metric ton. Global PVC market value The price of PVC is influenced by several factors, such as supply and demand, feedstock costs, environmental regulations, and trade policies. In October 2024, the global monthly market for PVC was valued at *** billion U.S. dollars per metric ton, the lowest valuation since May 2020. What are the alternatives to PVC? PVC is a widely used plastic material that has many applications in various industries, but its environmental and human health impacts present some drawbacks. As a result, there have been a number of efforts to develop alternatives to PVC that use natural, biodegradable, or recyclable materials. Some of these alternative plastic polymers include polypropylene (PP) and polyethylene terephthalate (PET) which offer better recyclability and lower emissions. Paper-based alternatives also exist, which are both renewable and compostable, making them an eco-friendly option for packaging and disposable items. Other alternatives include polylactic acid (PLA), derived from plant sources, which is also biodegradable and ideal for food packaging and 3D printing; wool felt, a natural material with water resistance and insulation properties, suitable for clothing and crafts; and bioplastics, made from renewable biomass sources such as vegetable fats and oils, corn starch, or pea starch. These alternatives offer various benefits and challenges depending on the intended use and material availability.

The Polyvinyl Chloride Market Report Segments the Industry by Product Type (Rigid PVC, Flexible PVC, and More), Manufacturing Process (Suspension PVC, Emulsion PVC, and More), Stabilizer Type (Calcium-Based Stabilizers, Lead-Based Stabilizers, and More), Application (Pipes and Fittings, Bottles, and More), End-User Industry (Building and Construction, Packaging, and More), and Geography (Asia-Pacific, North America, and More).

The global polyvinyl chloride market size reached USD 47.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 65.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.6% during 2025-2033. The growing demand for durable and flexible materials to manufacture consumer products, rising purchase of personal cars, and increasing focus on strengthening wire insulation and cable sheathing in electronic devices are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 47.0 Billion
Market Forecast in 2033	USD 65.7 Billion
Market Growth Rate (2025-2033)	3.6%

IMARC Group provides an analysis of the key trends in each segment of the global polyvinyl chloride market report, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type, application, and end use industry.

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Polyvinyl Chloride (PVC) Market Size 2025-2029

The polyvinyl chloride (PVC) market size is forecast to increase by USD 57.4 billion at a CAGR of 9% between 2024 and 2029.

The market witnesses significant growth, driven by the increasing adoption in electrical and electronics applications. This sector's expansion is attributed to PVC's excellent insulation properties, chemical resistance, and cost-effectiveness. Beyond electronics, growth is also fueled by rising demand in specialty chemicals, furniture manufacturing, and industrial gases sectors where PVC and related materials play a critical role in production and packaging. However, the market faces challenges, primarily from regulatory hurdles and supply chain inconsistencies. Strict environmental regulations, particularly in Europe, limit the use of certain additives in PVC production, necessitating the emergence of halogen-free fire-retardant PVC formulations. This shift towards eco-friendly alternatives presents both opportunities and challenges for market participants. 
On the one hand, it opens up new business prospects across diversified applications; on the other, it requires substantial investment in research and development to meet evolving standards and performance requirements. Furthermore, inconsistencies in the global supply chain, owing to geopolitical instability and fluctuating raw material prices, temper growth potential. To capitalize on the market's opportunities and navigate these challenges effectively, companies must stay abreast of regulatory developments and invest in sustainable production methods and supply chain resilience.

What will be the Size of the Polyvinyl Chloride (PVC) Market during the forecast period?

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The market encompasses a diverse range of applications, from PVC windows and doors to pipes, profiles, membranes, films, and sheets. Sustainability is a significant trend in the PVC industry, with a growing focus on environmental regulations and the development of eco-friendly PVC compounds. PVC's versatility is showcased through various manufacturing processes, including injection molding, extrusion, calendering, and blow molding, which enable the production of PVC resins, profiles, pipes, and films. PVC's durability and cost-effectiveness have made it a preferred choice for industries such as construction and automotive. However, the market faces regulatory compliance challenges, particularly regarding safety standards and the use of additives like plasticizers and stabilizers.
Innovation continues to drive product development, with advancements in PVC product performance and the exploration of new applications, such as vinyl flooring and roofing. The PVC supply chain is intricately linked to the production of various PVC compounds and the implementation of manufacturing processes. The industry's future growth relies on addressing regulatory requirements while maintaining PVC's performance, cost-effectiveness, and versatility. The Polyvinyl Chloride (PVC) Market is driven by advancements in PVC plasticizers, PVC stabilizers, and PVC additives, enhancing material flexibility and strength. Manufacturing techniques like the extrusion process, calendering process, injection molding process, and blow molding process ensure diverse PVC applications across industries. Increasing focus on PVC recycling promotes PVC sustainability, while PVC innovation fuels PVC product development. Rising PVC market demand aligns with strict PVC regulatory compliance, PVC environmental regulations, and PVC safety standards to ensure responsible production. Optimized PVC performance, PVC durability, and PVC cost-effectiveness make PVC a preferred material, driving industry growth and adaptation to evolving needs.

How is this Polyvinyl Chloride (PVC) Industry segmented?

The polyvinyl chloride (PVC) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Raw Material

  Ethylene dichloride
  Acetylene


Application

  Pipes and fittings
  Films and sheets
  Wires and cables
  Others


Product Type

  Rigid PVC (PVC-U)
  Flexible PVC (PVC-P)
  Low-smoke PVC
  Chlorinated PVC (CPVC)


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Raw Material Insights

The ethylene dichloride segment is estimated to witness significant growth during the forecast period. Ethylene dichloride (EDC) plays a significant role as a raw material and intermediate in the production of Polyvinyl Chloride (PVC). The process of PVC manufacturing involves the polymerization of vinyl chloride monomers, derived from EDC, en

The global polyvinyl chloride market size is estimated to reach USD 70156.2 million in 2024. The industry is further estimated to grow at a CAGR of 3.6% through the forecast period. The sector is projected to attain a value of USD 100115.7 million by 2034.

Attributes	Description
Estimated Global Polyvinyl Chloride Market Size (2024E)	USD 70156.2 million
Projected Global Polyvinyl Chloride Market Value (2034F)	USD 100115.7 million
Value-based CAGR (2024 to 2034)	3.6%

Country-wise Insights

Countries	CAGR 2024 to 2034
United States	4.2%
Germany	3.8%
Russia	3.1%
Italy	2.8%
Canada	2.7%

Category-wise Insights

Segment	Rigid PVC (Type)
Value Share (2024)	59.2%

Segment	Building and Construction (End-use)
Value Share (2024)	55.3%

Global Polyvinyl Chloride market registered a strong demand with a volume of nearly 57 million tonnes in 2024 and is expected to grow at a CAGR of about 3.56% during the forecast period.

Get the latest insights on price movement and trend analysis of Chlorinated Polyvinyl Chloride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Polyvinyl Chloride (PVC) Market size was valued at USD 67.79 Billion in 2024 and is projected to reach USD 89.2 Billion by 2032, growing at a CAGR of 3.85% from 2026 to 2032.Key Market Drivers:Growing Construction Industry: The construction industry is a significant user of PVC products, resulting in market expansion. According to a US Census Bureau report, the value of buildings in the United States will reach $1.79 trillion in 2023, up 5.8% from the previous year. This increase in construction activity is likely to drive up demand for PVC products like pipes, windows, and flooring materials.Rising Healthcare Infrastructure: PVC is widely used in the healthcare industry for medical devices, packaging, and flooring. The World Health Organization (WHO) estimates that worldwide health spending will raeachreach $8.5 trillion in 2022, accounting for 9.8% of global GDP. This continued investment in healthcare infrastructure is likely to boost the PVC market.

Polyvinyl Chloride (PVC) Market expected to rise from USD 8.64 billion in 2024 to USD 12.36 billion by 2034, at a CAGR of 3.7% during the forecast period.

Polyvinyl Chloride Market holds a forecasted revenue of USD 62.33 Bn in 2025 and is likely to cross USD 80.92 Bn by 2032 with a steady CAGR of 3.8%.

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Chlorinated Polyvinyl Chloride Market Size 2025-2029

The chlorinated polyvinyl chloride market size is forecast to increase by USD 927.4 million, at a CAGR of 7.3% between 2024 and 2029.

The Chlorinated Polyvinyl Chloride (CPVC) market is experiencing significant growth, driven primarily by the increasing demand for piping and plumbing systems in various industries, including construction and infrastructure development. The sector's expansion is fueled by the robust nature of these industries, with ongoing projects and investments creating a steady demand for reliable and durable piping solutions. Moreover, the integration of digital technologies and Industry 4.0 concepts in CPVC pipes and fittings is another key trend shaping the market.
Companies operating in the CPVC market must remain agile and innovative to maintain their market position and capitalize on opportunities for growth. To navigate these challenges effectively, strategic planning and a focus on product differentiation will be crucial. However, the market faces challenges from substitutes of CPVC, which may impact its growth trajectory. These alternatives, while not directly named in the provided information, are likely to be price competitive or offer unique advantages that could sway buyers' decisions. Hydraulic testing and pressure rating are essential to ensure the pipe's structural integrity and its ability to withstand the required pressure.

What will be the Size of the Chlorinated Polyvinyl Chloride Market during the forecast period?

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The chlorinated polyvinyl chloride (PVC) market continues to evolve, driven by the constant pursuit of quality control procedures and process efficiency improvements in various sectors. Material characterization methods and thermal stability testing play a crucial role in ensuring product consistency and reliability. Additive incorporation methods enable the creation of innovative PVC formulations, while energy consumption reduction remains a key focus for sustainable manufacturing practices. For instance, a leading PVC manufacturer reported a 15% reduction in energy consumption through optimized injection molding parameters and extrusion processing techniques. The industry anticipates a 5% annual growth rate, fueled by the demand for sustainable manufacturing practices and the development of new applications.
Moreover, the importance of PVC plasticizer compatibility and flame retardancy standards cannot be overstated. Performance metric optimization, crystallinity and morphology, and polymer chain modification are essential aspects of compounding formulation design. Understanding PVC degradation mechanisms and implementing PVC chlorination processes are crucial for maintaining chlorinated PVC properties. Chemical resistance analysis and tensile strength measurement are essential for assessing the mechanical strength of PVC products. Impact strength evaluation and product lifecycle assessment contribute to waste reduction initiatives, making PVC an increasingly attractive choice for eco-conscious consumers and businesses.

How is this Chlorinated Polyvinyl Chloride Industry segmented?

The chlorinated polyvinyl chloride industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Powder form
  Pellet form


Distribution Channel

  Direct sales
  Indirect sales


Grade Type

  Suspension grade
  Rigid grade


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The Powder form segment is estimated to witness significant growth during the forecast period. The Chlorinated Polyvinyl Chloride (CPVC) market showcases significant growth, with quality control procedures and process efficiency improvements driving demand. CPVC's material characterization methods, such as thermal stability testing and additive incorporation, contribute to enhanced product performance and reliability. Energy consumption reduction is a key focus, with flexural modulus determination and sustainable manufacturing practices essential for a competitive edge. Sustainable practices, including glass transition temperature optimization, PVC plasticizer compatibility, and injection molding parameters, are crucial for CPVC's environmental impact assessment. Extrusion processing techniques and production yield enhancement are vital for maintaining profitability and market competitiveness. This advancement involves the implementation of smart technologies, automation, and data analytics to enhance production efficiency, improve product quality, and enable better c

Snapshot img

APAC Polyvinyl Chloride (PVC) Market Size 2024-2028

The apac polyvinyl chloride (pvc) market size is forecast to increase by USD 9.63 billion at a CAGR of 4.6% between 2023 and 2028.

The market is witnessing significant growth due to several key factors. One of the primary drivers is the increasing demand from the construction industry, where PVC is extensively used for pipes and profiles due to its durability and resistance to chemicals and weather conditions. Another growth factor is the high corrosion resistance of PVC, making it an ideal choice for various applications, especially in infrastructure projects. However, the market also faces challenges, such as the recycling issue of PVC. Despite its recyclability, the collection and processing of PVC waste remain a significant challenge due to its heterogeneous nature and the lack of an effective recycling infrastructure in many countries In the region.This trend is expected to continue to impact the market dynamics and shape the future growth of the PVC industry in APAC.

What will be the size of the APAC Polyvinyl Chloride (PVC) Market during the forecast period?

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The Polyvinyl Chloride (PVC) market In the Asia-Pacific region is witnessing significant growth due to the versatility and durability of this synthetic plastic polymer. PVC, also known as vinyl chloride, is an amorphous solid with excellent chemical resistance and flame-retardant properties. In the APAC market, PVC finds extensive applications in various sectors such as construction, transportation, electrical and electronics, healthcare, and everyday applications. PVC is widely used In the construction sector for producing pipes, fittings, and building materials due to its strength and resistance to weathering and corrosion. In the transportation sector, PVC is used In the production of automotive parts, such as interior components and exterior cladding, due to its lightweight and durability.Moreover, PVC's flame-retardant properties make it an ideal choice for electrical wiring applications. In the electrical and electronics industry, PVC is used to insulate wires and cables, ensuring safety and reliability. PVC's versatility extends to engineering applications, where it is used to produce pipes for water and sewage systems, as well as In the production of flexible and rigid PVC sheets for various industrial uses. The APAC market for PVC is expected to continue growing due to its wide range of applications and the increasing demand for durable and cost-effective materials in various industries.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ApplicationPipes and fittingsFilms and sheetsWires and cablesOthersGeographyAPACChinaIndiaJapanSouth Korea

By Application Insights

The pipes and fittings segment is estimated to witness significant growth during the forecast period.

Polyvinyl Chloride (PVC), a synthetic plastic polymer derived from vinyl chloride monomer, is a versatile material widely used in various industries across the Asia Pacific (APAC) region. PVC's chemical resistance, flame-retardant properties, and durability make it an ideal choice for numerous applications. In the construction sector, PVC pipes and fittings are extensively used for water and sewage systems due to their corrosion resistance and long service life. In electrical wiring, PVC is used for insulation and cable sheathing due to its electrical resistance and flexibility. The automotive industry uses PVC in making seats, door panels, and dashboards. In the healthcare sector, PVC is used in medical devices and tubing due to its sterilization properties.Bio-based feedstocks and recycling processes are increasingly being used to produce sustainable PVC, reducing its carbon footprint. PVC's versatility extends to applications in rigid and flexible forms, including pipes and fittings, films and sheets, wires and cables, and building and construction materials. The APAC PVC market is driven by the increasing demand for durable and cost-effective materials in various industries.

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The Pipes and fittings segment was valued at USD 19.09 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of APAC Polyvinyl Chloride (PVC) Market?

Increasing demand from constru

Bio-based Polyvinyl Chloride (PVC) Market was valued at USD 682.36 Million in 2024 and is expected to reach USD 958.61 Million by 2030 with a CAGR of 6.01%.

Pages	180
Market Size	2024: USD 682.36 Million
Forecast Market Size	2030: USD 958.61 Million
CAGR	2025-2030: 6.01%
Fastest Growing Segment	Pipes & Fittings
Largest Market	North America
Key Players	1. BioPlastic Solutions, LLC 2. Ineos Group Limited 3. BASF SE 4. Mitsubishi Chemical Corporation 5. LG Chem Ltd. 6. Teknor Apex Company, Inc. 7. Vynova Group 8. Sylvin Technologies, Inc. 9. Neste Oyj 10. Evonik Industries AG

Why did the Chlorinated Polyvinyl Chloride (CPVC) Price Change in July 2025? The Chlorinated PVC (CPVC) spot price in North America declined by 5.96% quarter-over-quarter in Q2 2025, reflected in a softer Price Index.

The global Polyvinyl Chloride (PVC) market is estimated to be valued at USD 68.96 billion in 2025, and is projected to grow at a CAGR of 4.2% from 2025 to 2033. The growth of the market is attributed to the increasing demand for PVC in various end-use industries, such as building & construction, packaging, automotive, electrical & electronics, and others. The rising population, urbanization, and industrialization are further driving the demand for PVC. The Asia-Pacific region is the largest market for PVC, followed by North America and Europe. Key drivers of the PVC market include the growing demand for PVC in the construction industry, the increasing use of PVC in packaging applications, and the rising demand for PVC in automotive and electrical & electronics applications. The increasing awareness of the environmental impact of PVC is a key challenge for the market. However, the development of new technologies, such as recycling and biodegradable PVC, is expected to mitigate this challenge. The PVC market is highly competitive, with a number of major players, such as Ercros (Spain), Formosa Plastics Corporation (Taiwan), Hanwha Group (South Korea), Ineos (U.K.), KEM ONE (France), Occidental Petroleum Corporation (U.S.), Orbia (Mexico), Shin-Etsu Chemical Co., Ltd. (Japan), Vynova (Belgium), and Westlake Corporation (U.S.). The global Polyvinyl Chloride (PVC) market is expected to reach $109.47 billion in 2028, growing at a CAGR of 4.9% from 2022 to 2028. The increasing demand for PVC in the construction, automotive, electrical and electronics, and healthcare industries is expected to propel the market growth. PVC is also used in flooring, pipes, fittings, profiles, and film & sheet applications. One of the major factors driving the growth of the PVC market is the growing construction industry. PVC is a versatile material that is used in a wide variety of construction applications, such as pipes, fittings, window frames, and siding. The increasing demand for housing and commercial construction in emerging economies is expected to boost the demand for PVC. Another factor driving the growth of the PVC market is the rising demand from the automotive industry. PVC is used in a variety of automotive applications, such as interior and exterior components, and wire and cables. The growing production of vehicles, particularly in emerging economies, is expected to increase the demand for PVC. The increasing demand for PVC from the electrical and electronics industry is also expected to contribute to the growth of the market. PVC is used in a variety of electrical and electronics applications, such as wire and cable insulation, and electrical components. The growing adoption of electronic devices, such as smartphones and laptops, is expected to increase the demand for PVC. The healthcare industry is another major user of PVC. PVC is used in a variety of healthcare applications, such as medical devices, blood bags, and tubing. The increasing demand for healthcare products, particularly in emerging economies, is expected to boost the demand for PVC. Recent developments include: December 2023 – INEOS launched a new rage of PVC product that has 37% lower carbon footprint than the average carbon footprint of suspension PVC produced in the European Industry., July 2023 - Chemplast Sanmar Ltd. shared plans to invest USD 120 million to expand its production capacities of the Specialty Paste PVC unit at Cuddalore and the Custom Manufactured Chemicals Division’s (CMCD) unit at Berigai., May 2023 - Iran's Arvand Petrochemical announced the initiation of its second polyvinyl chloride (PVC) production plant in Mahshahr, Khuzestan Province, with a total PVC production capacity of 320,000 tons/year., August 2021 – Formosa Plastic Corporation announced the start of the production of PVC at its expanded plant located in Baton Rouge, Louisiana, on the fourth of 2022., January 2021 - Shin-Etsu Chemical Co., Ltd. completed its production capacity expansion for vinyl chloride monomer (VCM), polyvinyl chloride (PVC), and caustic soda at its plant located in Plaquemine, Louisiana. The company started this expansion project in 2018 with a total investment of USD 1.25 billion.. Key drivers for this market are: Increasing Demand from the Construction Industry to Fuel Market Growth. Potential restraints include: Increasing Demand from the Construction Industry to Fuel Market Growth. Notable trends are: Increasing Demand from the Construction Industry to Fuel Market Growth.

The North America PVC market report segments the industry into Product Type (Rigid PVC, Flexible PVC, Low-smoke PVC, Chlorinated PVC), Application (Pipes and Fittings, Films and Sheets, Wires and Cables, Bottles, Profiles, Hoses, and Tubings, Other Applications), End-user Industry (Healthcare, Automotive, Electrical and Electronics, Packaging, Footwear, Building and Construction, and more), and Geography.