Chemical Industry Updates

  Polyvinyl chloride, also known as PVC, is a versatile plastic polymer that can be molded into different shapes. It is used to manufacture a variety of construction materials like pipes, doors, and windows frames owing to its durability and resistance to corrosion. The global construction industry has picked up the pace with increasing investments in infrastructure projects around the world. This has augmented the demand for PVC as it is widely used in construction applications. The global Polyvinyl Chloride (PVC) Market is estimated to be valued at US$ 55.73 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends driving the growth of the PVC market is increased spending on infrastructural projects across both developing and developed economies. Majority of the developing nations are focusing on upgrading their existing infrastructur...

  Polyvinyl chloride, also known as PVC, is a synthetic resin mainly used in piping, windows and doors, flooring, wires and cables, and medical devices due to its cost-effectiveness and durability properties. PVC provides excellent resistance to corrosion and chemicals along with long-lasting performance making it suitable for diverse applications. The global Polyvinyl Chloride (PVC) Market is estimated to be valued at US$ 55.73 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing usage of PVC in construction applications such as window frames, siding, roofing, pipes and fittings is expected to drive the market growth over the forecast period. PVC is commonly used in construction due to its durability, flexibility, weather-resistance and recyclable properties which have increased its popularity among construction companies. With growing constru...