North America Polyvinyl Chloride (PVC) Market Size (2024 - 2029)

The North America Polyvinyl Chloride market is poised for growth, with its market size expected to expand significantly over the forecast period. The construction and healthcare industries are anticipated to drive this growth, despite previous setbacks due to COVID-19 restrictions. However, environmental and health concerns related to polyvinyl chloride may hinder progress. Opportunities may arise from increased recycling efforts and its application in electric vehicles. The United States is expected to maintain its position as the leading producer, supported by the anticipated growth in relevant industries.

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Market Size of North America Polyvinyl Chloride (PVC) Industry

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North America 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 (2024 - 2029) 5.50 %
Market Concentration High

Major Players

North America Polyvinyl Chloride (PVC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Polyvinyl Chloride (PVC) Market Analysis

The North America Polyvinyl Chloride Market size is estimated at 6.08 Million tons in 2024, and is expected to reach 7.95 Million tons by 2029, growing at a CAGR of greater than 5.5% during the forecast period (2024-2029).

The outbreak of COVID-19 significantly affected the North American construction sector due to government-imposed bans and restrictions, thereby limiting the growth of the polyvinyl chloride market in the region. But since these restrictions were lifted in 2021, the sector has been doing well. This is likely to bring the market back to the growth path that was studied during the forecast period.

  • Over the medium term, the increasing use of plastics in the construction industry and increasing applications in the healthcare industry are likely to drive the polyvinyl chloride market in North America.
  • On the other hand, polyvinyl's harmful effects on people and the environment will slow the growth of the studied market over the next few years.
  • Also, recycling polyvinyl chloride and using it more and more in electric cars could lead to a chance in the future.
  • In North America, the United States is the biggest producer of polyvinyl chloride, and it is likely to stay the biggest producer in the coming years as well, since the industries that use it are likely to grow even more.

North America Polyvinyl Chloride (PVC) Industry Segmentation

Polyvinyl chloride is strong and lightweight, durable to weathering, rotting, chemical corrosion, and abrasion, versatile, and easy to use, as it can be cut, shaped, welded, and joined in any style. The North American polyvinyl chloride (PVC) market is segmented by product type (rigid PVC, flexible PVC, low-smoke PVC, and chlorinated PVC), application (pipes and fittings, films and sheets, wires and cables, bottles, profiles, hoses and tubing, and other applications), end-user industry (building and construction, automotive, electrical and electronics, packaging, footwear, healthcare, and other end-user industries), and geography (United States, Canada, and Mexico). The report also offers the size and forecasts of the markets for three countries in the region. For each segment, the market sizing and forecasts have been done on the basis of volume (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
Application
Pipes and Fittings
Films and Sheets
Wires and Cables
Bottles
Profiles, Hoses, and Tubings
Other Applications
End-user Industry
Healthcare
Automotive
Electrical and Electronics
Packaging
Footwear
Building and Construction
Other End-user Industries
Geography
United States
Canada
Mexico
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North America Polyvinyl Chloride (PVC) Market Size Summary

The North American polyvinyl chloride (PVC) market is poised for significant growth over the forecast period, driven by its extensive applications in the construction and healthcare industries. The construction sector, a major consumer of PVC, is expected to experience moderate growth, particularly in the United States, Canada, and Mexico. This growth is supported by various government initiatives and infrastructure projects aimed at enhancing the region's construction capabilities. PVC's properties, such as durability and low maintenance, make it a preferred choice for applications like piping, flooring, and roofing. Despite the positive outlook, the market faces challenges due to the environmental and health concerns associated with PVC, which could temper its growth.

The automotive industry also presents a substantial opportunity for PVC, given its lightweight and versatile nature, which is beneficial for vehicle manufacturing. The United States, being a significant player in the automotive sector, is likely to continue its reliance on PVC, especially with the growing trend towards electric vehicles. The market is characterized by a consolidated structure, with major players like Formosa Plastics Corporation and Shin-Etsu Chemical Co. Ltd. leading the charge. These companies are focusing on innovation and sustainability, as evidenced by recent developments such as bio-based PVC solutions. Overall, the North American PVC market is set to expand, driven by its critical role in key industries and ongoing advancements in material technology.

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North America Polyvinyl Chloride (PVC) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Application in the Healthcare and Medical Devices Industries

      2. 1.1.2 Rising Demand from the Construction Industry

    2. 1.2 Restraints

      1. 1.2.1 Hazardous Impact on Humans and the Environment

      2. 1.2.2 Other Restraints

    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

    5. 1.5 Import-Export Trends

  2. 2. MARKET SEGMENTATION (Market Size in Value and 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 Application

      1. 2.2.1 Pipes and Fittings

      2. 2.2.2 Films and Sheets

      3. 2.2.3 Wires and Cables

      4. 2.2.4 Bottles

      5. 2.2.5 Profiles, Hoses, and Tubings

      6. 2.2.6 Other Applications

    3. 2.3 End-user Industry

      1. 2.3.1 Healthcare

      2. 2.3.2 Automotive

      3. 2.3.3 Electrical and Electronics

      4. 2.3.4 Packaging

      5. 2.3.5 Footwear

      6. 2.3.6 Building and Construction

      7. 2.3.7 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 United States

      2. 2.4.2 Canada

      3. 2.4.3 Mexico

North America Polyvinyl Chloride (PVC) Market Size FAQs

The North America Polyvinyl Chloride Market size is expected to reach 6.08 million tons in 2024 and grow at a CAGR of greater than 5.5% to reach 7.95 million tons by 2029.

In 2024, the North America Polyvinyl Chloride Market size is expected to reach 6.08 million tons.

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