Polyvinyl Chloride Market Size and Growth Prospects Till 2020 “The global PVC Market demand was valued at 38.50 million tons in 2013. The decreasing dependability of PVC on non-renewable resources such as crude oil and natural gas as compared to other synthetic polymers is expected to drive the market growth.� The Global Pvc Market demand was valued at 38.50 million tons in 2013. The decreasing dependability of PVC on non-renewable resources such as crude oil and natural gas as compared to other synthetic polymers is expected to drive the market growth. The demand for PVC in medical devices and automobiles owing to its characteristics such as high corrosion resistance, low price, workability, and effectiveness is expected to fuel market growth. Polyvinyl chloride (PVC) is the third most widely produced synthetic plastic polymer globally after polypropylene and polyethylene. PVC is available in two forms, namely rigid and flexible. The rigid PVC has its application in bottles, doors & windows, non-food packaging, and construction of pipes. The flexible PVC is used in insulation of electrical wires and in the flooring of hospitals, homes, schools and areas where sterility is required. The attributes of the product such as resistant to alkalies & chemicals, resistivity to deformation, good tensile strength and easy availability contribute to the market growth. In addition, PVC is highly used for insulation of electrical cables in low and medium voltage applications owing to its high dielectric constant and volume resistivity. The economic recession of 2009 resulted in a sharp decline in the demand of PVC on account of its effects on major application industries including electronics & electrical, transportation and construction. The application of the product in 3D printing, injection molding, and CNC machining is limited on account of its emission of toxic & corrosive gases while melting. PVC is highly flammable and emits hydrogen chloride (HCl) while burning thereby rendering it hazardous for the environment and restricting its use in applications with the risk of fire hazard.
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