Global demand for PVC forecast grow at 4.9% a year until 2020 says new report
The global demand for Polyvinyl Chloride (PVC) has been steadily increasing over the last ten years
ReportBuyer.com the leading website for market research reports has added a new report Polyvinyl Chloride (PVC) Global Market to 2020 - Growth From Asia-Pacific Construction, Packaging and Electrical Sectors Continues to Drive Demand which forecasts that the Asia-Pacific region will continue to account for more than 65% of global PVC demand in 2020 and global demand for PVC is expected to grow at a CAGR of 4.9% between 2011 and 2020, to reach 49,534,145 tons in 2020.
The global demand for Polyvinyl Chloride (PVC) has been steadily increasing over the last ten years. In 2000, global PVC demand stood at 22,181,797 tons, before increasing to 32,308,053 tons in 2011. A significant portion of the increase in demand for PVC was from the Asia-Pacific region, and the same trend is expected to continue in the forecast period. The Chinese construction sector is widely expected to be a driver for growth in the PVC industry in the next few years.
Under China's 12th Five year plan, the government has vowed to build 36 million affordable housing units by 2015 to meet the demand from low-income families. The central government has now scaled-up financial support and local governments are being encouraged to make full use of financial provisions to fund construction projects. In addition, PVC demand from the agriculture, packaging, electrical and automotive sectors in the Asia-Pacific region is also driving growth. The demand from these PVC-downstream end-use sectors is witnessing strong growth of more than 6% on average, providing a further boost to overall PVC demand. The Asia-Pacific region will continue to account for more than 65% of global PVC demand in 2020 and global demand for PVC is expected to grow at a CAGR of 4.9% between 2011 and 2020, to reach 49,534,145 tons in 2020.
The 272 page report provides detailed analysis and forecasts of the major economic and market trends affecting global PVC demand in the major regions of the world. It also provides analysis and description of the major drivers and restraints affecting PVC demand in each region. Global PVC demand is assessed in terms of end-user segments, prices and the competitive landscape, at both the regional and national level.
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