Global Polyvinyl Chloride (PVC) Market: Regional Insights
Based on geography, the global Polyvinyl Chloride (PVC) market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The Asia Pacific region is anticipated to dominate the global market for Polyvinyl Chloride (PVC) over the forecast period. The region houses a substantial share of the market due to high demand from China. The country has the largest base for electronic manufacturing and offers stiff competition to the existing upstream producers in South Korea, Singapore, and Taiwan. The consumer electronics sector witnessed the highest growth in China due to an increase in the sales of smartphones, OLED displays TV’s, and tablets.
The North America PVC market holds a substantial share in the overall market and is slated for healthy growth during the forecast period. This can be attributed to the ongoing recovery in the construction sector and increased spending in consumer goods and electronics.
The Europe PVC market is likely to experience a moderate growth due to debt crisis and slow economic recovery.
The Middle East and Africa PVC market is expected to witness a steady growth in the coming years. This can be attributed to the growth in construction, manufacturing, and consumer industries.
Polyvinyl Chloride (PVC) Market Report Snapshots
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