Europe Polyvinyl Chloride (PVC) Market Size (2024 - 2029)

The Europe PVC Pipes market is projected to experience growth, driven by the increasing adoption of plastics in various industries to improve efficiency and reduce weight, particularly in vehicles and construction. The market's expansion is supported by rising demand in the healthcare sector as well. Despite challenges posed by environmental and health concerns related to PVC, the market is poised for recovery and growth, with opportunities arising from the growing use of electric vehicles and advancements in PVC recycling.

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Market Size of Europe Polyvinyl Chloride (PVC) Industry

Europe Polyvinyl Chloride (PVC) Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.00 %
Market Concentration Low

Major Players

Europe Polyvinyl Chloride (PVC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe PVC Market Analysis

In Europe, polyvinyl chloride (PVC) is expected to register a CAGR of around 3% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Several countries imposed factory shutdowns, leading to lower production, but the market steadily recovered in 2021.

  • Major factors driving the market study are the increasing use of plastics to reduce vehicle weight and enhance fuel economy, growing demand from the construction industry, and increasing applications in the healthcare industry.
  • However, hazardous impacts on humans and the environment are expected to hinder the growth of the market studied.
  • The accelerating usage of electric vehicles and PVC recycling are likely to act as opportunities in the future.

Europe PVC Industry Segmentation

Polyvinyl chloride (PVC) is a high-strength thermoplastic material widely used in applications such as pipes, medical devices, and wire and cable insulation. It is the world's third-largest thermoplastic material in terms of usage. The market is segmented by product type, stabilizer type, application, end-user industry, and geography. By product type, the market is segmented into rigid PVC, flexible PVC, low-smoke PVC, and chlorinated PVC. By stabilizer type, the market is segmented into calcium-based stabilizers, lead-based stabilizers, tin and organotin-based stabilizers, and barium-based and other stabilizers. By application, the market is segmented into pipes and fittings, films and sheets, wires and cables, bottles, profiles, hoses and tubing, and other applications. The end-user industry market is segmented into building and construction, automotive, electrical and electronics, packaging, footwear, healthcare, and other end-user industries. The report also covers the market size and forecasts for the polyvinyl chloride market in six countries across Europe. For each segment, market sizing and forecasts have been done on the basis of volume (kilo tons).

Product Type
Rigid PVC
Clear Rigid PVC
Non-Clear Rigid PVC
Flexible PVC
Clear Flexible PVC
Non-clear Flexible PVC
Low-smoke PVC
Chlorinated PVC
Stabilizer Type
Calcium-based Stabilizers (Ca-Zn Stabilizers)
Lead-based Stabilizers (Pb Stabilizers)
Tin- and Organotin-based Stabilizers (Sn Stabilizers)
Barium-based and Others (Liquid Mixed Metals)
Application
Pipes and Fittings
Films and Sheets
Wires and Cables
Bottles
Profiles, Hoses and Tubings
Other Applications
End-user Industry
Building and Construction
Automotive
Electrical and Electronics
Packaging
Footwear
Healthcare
Other End-user Industries
Geography
United Kingdom
France
Germany
Italy
Spain
Turkey
Rest of Europe
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Europe Polyvinyl Chloride (PVC) Market Size Summary

The European PVC pipes market is poised for steady growth, driven by increasing applications in the construction and healthcare industries. PVC pipes have been a staple in building and construction for over six decades, offering benefits such as energy savings, low-cost distribution, and a maintenance-free service life. Their resistance to build-up, scaling, corrosion, and pitting makes them ideal for water, waste, and drainage systems, while their smooth surfaces reduce energy requirements for pumping. The construction industry in Europe is expected to experience moderate growth, supported by developments in single-family homes, roads, bridges, and institutional projects. PVC's role as a building material is significant, with a substantial portion of its production dedicated to windows, pipes, flooring, and roofing membranes. Despite challenges related to environmental and health concerns, the market is expected to benefit from opportunities in electric vehicle usage and PVC recycling.

Germany, as the largest economy in Europe, plays a crucial role in the PVC market's expansion. The country's robust automotive, construction, and electronics sectors are expected to drive increased demand for PVC. Public investment in construction has seen a notable rise, fueled by a booming housing market and real estate demand, which in turn is anticipated to boost PVC consumption. The German Plastics Packaging Industry Association projects growth in plastic packaging production, further supporting PVC demand. The European PVC market is characterized by fragmentation among key players, including Formosa Plastics Corporation, Covestro AG, Shin-Etsu Chemical Co., Ltd., Westlake Chemical Corporation, and LG Chem. Recent initiatives, such as Westlake Vinnolit's launch of a bio-based PVC product, highlight the industry's focus on sustainability and reducing carbon footprints.

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Europe Polyvinyl Chloride (PVC) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Usage of Plastics to Reduce Vehicle Weight and Enhance Fuel Economy

      2. 1.1.2 Growing Demand from the Construction Industry

      3. 1.1.3 Increasing Applications in the Healthcare Industry

    2. 1.2 Restraints

      1. 1.2.1 Hazardous Impact on Humans and the Environment

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Type

      1. 2.1.1 Rigid PVC

        1. 2.1.1.1 Clear Rigid PVC

        2. 2.1.1.2 Non-Clear Rigid PVC

      2. 2.1.2 Flexible PVC

        1. 2.1.2.1 Clear Flexible PVC

        2. 2.1.2.2 Non-clear Flexible PVC

      3. 2.1.3 Low-smoke PVC

      4. 2.1.4 Chlorinated PVC

    2. 2.2 Stabilizer Type

      1. 2.2.1 Calcium-based Stabilizers (Ca-Zn Stabilizers)

      2. 2.2.2 Lead-based Stabilizers (Pb Stabilizers)

      3. 2.2.3 Tin- and Organotin-based Stabilizers (Sn Stabilizers)

      4. 2.2.4 Barium-based and Others (Liquid Mixed Metals)

    3. 2.3 Application

      1. 2.3.1 Pipes and Fittings

      2. 2.3.2 Films and Sheets

      3. 2.3.3 Wires and Cables

      4. 2.3.4 Bottles

      5. 2.3.5 Profiles, Hoses and Tubings

      6. 2.3.6 Other Applications

    4. 2.4 End-user Industry

      1. 2.4.1 Building and Construction

      2. 2.4.2 Automotive

      3. 2.4.3 Electrical and Electronics

      4. 2.4.4 Packaging

      5. 2.4.5 Footwear

      6. 2.4.6 Healthcare

      7. 2.4.7 Other End-user Industries

    5. 2.5 Geography

      1. 2.5.1 United Kingdom

      2. 2.5.2 France

      3. 2.5.3 Germany

      4. 2.5.4 Italy

      5. 2.5.5 Spain

      6. 2.5.6 Turkey

      7. 2.5.7 Rest of Europe

Europe Polyvinyl Chloride (PVC) Market Size FAQs

The Europe Polyvinyl Chloride (PVC) Market is projected to register a CAGR of less than 3% during the forecast period (2024-2029)

Formosa Plastics Corporation, Covestro AG, Shin-Etsu Chemical Co., Ltd., Westlake Chemical Corporation and LG Chem are the major companies operating in the Europe Polyvinyl Chloride (PVC) Market.

Europe PVC Pipes Market Report Snapshots

Europe PVC Pipes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)