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.

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.

Polyvinyl rose to 4,867 CNY/T on September 19, 2025, up 0.39% from the previous day. Over the past month, Polyvinyl's price has risen 0.33%, but it is still 5.00% lower than a year ago, 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.

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.

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 have increased significantly in 2021, and reached ***** U.S. dollars per metric ton on March 10, 2021. In *************, winter storm Uri hit the United States, causing an energy crisis in Texas. Chemical plants in Texas suffered power outages, resulting in PVC shortages. Power outages also impacted polypropylene production, driving prices up.

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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

Polyvinyl Chloride (PVC) prices fell to $973 per ton (CIF, Brazil) in March 2023, a dip of 3.8% compared to the previous month.

The global polyvinyl chloride market was valued at USD 45 billion in 2023, is expected to grow steadily over the forecast period. It is projected to increase from USD 45 billion in 2023 to cross USD 60 billion by 2034 with a CAGR of 3.7%.

Discover how the European Union's market for pure polyvinyl chloride in primary forms is expected to experience an upward consumption trend over the next decade, with projected increases in both volume and value.

In 2022, the price of polyvinyl chloride (PVC) resin in India reached *** Indian rupees per kilogram. Compared to 2015, that was an increase of nearly double.

The price increase of PVC was attributed to rising crude oil, natural gas, and coal prices as well as increased demand.

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).

This statistic shows the monthly export price of polyvinyl chloride (PVC) in the United States from ************ to *************. In *************, the U.S. export price of PVC was *** U.S. dollars per ton.

¿Por qué cambió el precio del cloro de poli vinilo en julio de 2025? El Índice de Precios del Cloruro de Poli Vinilo (PVC) en América del Norte disminuyó gradualmente hasta el 2º trimestre de 2025, lo que refleja una demanda mundial reducida y niveles elevados de inventario.

The global polyvinyl chloride (PVC) resins market is a substantial and mature industry, exhibiting steady growth driven by robust demand across diverse sectors. While precise figures for market size and CAGR are unavailable from the provided data, we can infer significant market value based on the prominent players involved – including industry giants such as Shin-Etsu Chemical, Formosa Plastics, and BASF – indicating a multi-billion dollar market. The market's growth is fueled by the increasing use of PVC in construction (pipes, windows, flooring), packaging, and consumer goods. Expanding infrastructure projects, particularly in developing economies, are major drivers. Trends toward sustainable PVC production methods, incorporating recycled materials and reducing emissions, are gaining traction, although the industry still faces challenges related to environmental concerns, particularly regarding the disposal of PVC products. Stringent environmental regulations and fluctuating raw material prices represent significant constraints on market growth. Market segmentation likely reflects different PVC resin types (e.g., suspension, emulsion, bulk) and applications, each with its unique growth trajectory. The competitive landscape is characterized by both large multinational corporations and regional players, leading to both consolidation and specialized niche market development. Looking forward, the market is expected to maintain a moderate growth rate throughout the forecast period (2025-2033), driven by ongoing infrastructure development and innovation within the PVC industry. The competitive landscape suggests ongoing consolidation and strategic partnerships, as companies strive for economies of scale and technological advancements. Innovation in PVC formulations is focused on enhancing properties like flexibility, durability, and fire resistance. This, coupled with a move towards more sustainable production processes, will shape the future of the market. Regional variations in growth rates will likely reflect differences in construction activity, regulatory environments, and economic development. North America and Asia are expected to remain significant markets, while growth in other regions will depend on factors such as industrialization and infrastructure investment. The long-term outlook for PVC resins remains positive, though subject to fluctuations influenced by global economic conditions and environmental regulations.

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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 construction industry is the key driver of the marke

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.

Explore the factors influencing polyvinyl chloride (PVC) pricing per kilogram, including crude oil prices, supply and demand dynamics, environmental regulations, and global economic conditions. Learn how these elements impact PVC costs across industries like construction, healthcare, electronics, and automotive, and discover strategies for competitive positioning in the market.

Learn about the projected growth in the global market for pure polyvinyl chloride in primary forms, with consumption expected to rise over the next decade.

The rigid polyvinyl chloride (rPVC) market is experiencing robust growth, driven by increasing demand from construction, packaging, and infrastructure sectors. The global market, estimated at $25 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $35 billion by 2033. This growth is fueled by several key factors, including rising urbanization and infrastructure development globally, particularly in emerging economies. The preference for rPVC in construction applications due to its durability, water resistance, and cost-effectiveness further boosts market expansion. However, environmental concerns related to PVC production and disposal pose a significant restraint. Stringent environmental regulations and growing awareness of sustainable alternatives are expected to influence market dynamics in the coming years. The market is segmented by application (construction, packaging, pipes, etc.), region (North America, Europe, Asia-Pacific, etc.), and major players including Formosa Plastics, Inovyn, LG Chem, and others. Competition is intense, with companies focusing on product innovation, cost optimization, and geographical expansion to maintain market share. Furthermore, technological advancements in PVC production and recycling are likely to shape the market landscape. The Asia-Pacific region is expected to dominate the rPVC market, driven by rapid economic growth and large-scale infrastructure projects in countries like China and India. Europe and North America will continue to hold significant market share, driven by established construction industries and strong regulatory frameworks. However, increasing adoption of sustainable materials and the rising cost of raw materials are expected to slightly moderate growth rates in these mature markets. The competitive landscape is characterized by both large established players and smaller regional producers. These companies are focusing on strategic partnerships, mergers and acquisitions, and capacity expansion to meet growing demand and strengthen their market position. The future outlook for the rPVC market remains positive, but players will need to adapt to evolving environmental regulations and consumer preferences to ensure sustained growth.