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    Paste PVC Resin Market Share

    ID: MRFR/CnM/6407-CR
    187 Pages
    Anshula Mandaokar
    May 2019

    Paste PVC Resin Market Research Report By Grade (Vinyl Acetate Copolymer Grade, Low K Value Grade, Medium K Value Grade, High K Value Grade), By Manufacturing Process (Emulsion Method, Micro-Suspension Method), By Application (PVC Flooring, Synthetic Leather, Wall Coverings, Automotive Sealant, Printing Inks, Industrial Gloves, Adhesive, Molding and others) - Forecast till 2035

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    Paste PVC Resin Market Infographic

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    Summary Table of Contents Segmentation Download PDF

    Market Share

    Paste PVC Resin Market Share Analysis

    PVC is a strong material that can resist moisture and wear, making it great for various uses like wiring, cables, flooring, wall coverings, and plumbing. It has additional advantages like not catching fire easily, staying the same size, and being affordable.

    In the automotive industry, PVC is used in making cars that are fuel-efficient and lightweight. It's used for things like coatings under the car, sealants, floor parts, cable covering, and even in making door panels and dashboards. Using PVC in cars has several benefits, including using less energy, being lightweight, absorbing shocks, being easy to recycle, and being cost-effective. It also helps reduce noise in the car, making it more comfortable.

    The increased use of PVC in making cars is partly because of strict rules like the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) in the European Union, which aims to protect the environment. Also, the demand for strong yet lightweight cars is rising because people are living better and earning more money. This is boosting the need for PVC, and as a result, it's helping the global paste PVC resin market grow.

    PVC is also widely used in making synthetic leather, also known as faux leather. The demand for fake leather is going up because it looks good, is flexible, and doesn't weigh much. People are choosing synthetic leather more often because they are concerned about the environment and don't want to harm animals for real leather. Organizations like PETA are working to stop animal abuse, which supports the production of synthetic leather. PVC-based leather isn't breathable like leather made from polyurethane, so it's not commonly used for clothing like jackets. However, it's used in gothic and punk styles, as well as in raincoats and fire-resistant clothing. PVC-based leather is preferred for making footwear, bags, purses, and wallets because it's durable, versatile, resists moisture, and is excellent against wear, chemicals, UV exposure, and stiffness. The growing demand for products made with leather-like materials, thanks to these great properties and increasing incomes, is leading to more sales of PVC-based leather products.

    Market Summary

    The Global Paste PVC Resin Market is projected to grow from 2.67 USD Billion in 2024 to 4.47 USD Billion by 2035.

    Key Market Trends & Highlights

    Paste PVC Resin Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 4.96% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 4.55 USD Billion, indicating robust growth.
    • in 2024, the market is valued at 2.67 USD Billion, laying a strong foundation for future expansion.
    • Growing adoption of eco-friendly materials due to increasing environmental regulations is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.67 (USD Billion)
    2035 Market Size 4.47 (USD Billion)
    CAGR (2025-2035) 4.80%
    Largest Regional Market Share in 2024 south_america)

    Major Players

    SCG (Thailand), The Sanmar Group (India), LG Chem (South Korea), Braskem (Brazil), CIRES SA (Portugal), Gogara International (U.K.), Vinnolit GmbH & Co. KG (Germany), Tosoh Corporation (Japan), KEM ONE (France)

    Market Trends

    The Paste PVC Resin market appears to be experiencing a robust demand driven by its versatility in applications ranging from construction to automotive, suggesting a continued upward trajectory in the coming years.

    U.S. Department of Commerce

    Paste PVC Resin Market Market Drivers

    Market Growth Projections

    The Global Paste PVC Resin Market Industry is projected to grow significantly, with estimates indicating a market value of 2.67 USD Billion in 2024 and a potential increase to 4.55 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.96% from 2025 to 2035, reflecting the increasing demand across various sectors. The market's expansion is driven by factors such as rising construction activities, automotive applications, and technological advancements in production processes. These projections highlight the positive outlook for the paste PVC resin market, indicating a robust future for stakeholders involved in this industry.

    Rising Automotive Applications

    The Global Paste PVC Resin Market Industry is witnessing an upsurge in demand from the automotive sector, where paste PVC resin is increasingly used in interior and exterior components. The material's lightweight and flexible properties make it suitable for various applications, including dashboards, door panels, and seat covers. As the automotive industry continues to innovate and prioritize lightweight materials for fuel efficiency, the demand for paste PVC resin is likely to increase. This trend is particularly evident in regions with growing automotive manufacturing capabilities, further solidifying the market's position. The anticipated growth in automotive applications contributes to the overall market expansion.

    Regulatory Support for PVC Recycling

    The Global Paste PVC Resin Market Industry is positively influenced by regulatory support for PVC recycling initiatives. Governments worldwide are increasingly implementing policies aimed at promoting the recycling of PVC materials, which enhances the sustainability of the industry. These initiatives not only reduce environmental impact but also create a circular economy for PVC products, thereby increasing the demand for paste PVC resin in recycled applications. As regulations become more stringent, manufacturers are likely to invest in recycling technologies and processes, further driving the growth of the paste PVC resin market. This regulatory environment fosters innovation and sustainability within the industry.

    Growing Demand from Construction Sector

    The Global Paste PVC Resin Market Industry experiences robust growth driven by the increasing demand from the construction sector. Paste PVC resin is widely utilized in applications such as flooring, wall coverings, and window profiles due to its durability and versatility. As urbanization accelerates globally, the construction industry is projected to expand significantly, contributing to the market's growth. In 2024, the market is valued at approximately 2.67 USD Billion, with expectations to reach 4.55 USD Billion by 2035. This growth reflects a compound annual growth rate (CAGR) of 4.96% from 2025 to 2035, indicating a sustained demand for paste PVC resin in construction applications.

    Expanding Applications in Consumer Goods

    The Global Paste PVC Resin Market Industry is experiencing growth due to its expanding applications in consumer goods. Paste PVC resin is utilized in various products, including toys, household items, and packaging materials, owing to its favorable properties such as flexibility, durability, and resistance to chemicals. As consumer preferences shift towards high-quality and durable products, manufacturers are increasingly incorporating paste PVC resin into their offerings. This trend is particularly pronounced in emerging markets, where rising disposable incomes and changing lifestyles are driving demand for consumer goods. The versatility of paste PVC resin positions it well for continued growth in this sector.

    Technological Advancements in Production

    Technological advancements in the production processes of paste PVC resin are playing a crucial role in enhancing the efficiency and sustainability of the Global Paste PVC Resin Market Industry. Innovations such as improved polymerization techniques and the development of eco-friendly additives are enabling manufacturers to produce higher-quality resins with reduced environmental impact. These advancements not only cater to the increasing regulatory pressures for sustainable practices but also enhance the performance characteristics of the resin, making it more appealing to end-users. As production technologies evolve, they are likely to drive market growth by meeting the diverse needs of various industries.

    Market Segment Insights

    Regional Insights

    Key Companies in the Paste PVC Resin Market market include

    Industry Developments

    SCG Chemicals, a company based in Thailand, has joined forces in March 2023 with Mahidol University’s faculty of science to develop sustainable green polymers. This will help the company make better products and expand its reach.

    In February 2023, INEOS bought certain oil and gas assets of Chesapeake Energy, located in the southern region of Texas, for $1.4 billion in cash. The acquisition of Chesapeake’s South Texas assets and operations is part of INEOS’ global integrated portfolio strategy towards an energy transition portfolio with quality energy solutions.

    Westlake Vinnolit added GreenVin®bio-based PVC made from renewable ethylene to its range of lower-carbon GreenVin® products sold in  October 2022.

    Orbia was listed on the DJSI MILA Pacific Alliance Index in September 2022, showing a year-to-year score improvement of 6%. Orbia scored 68 marks, indicating progress in key performance areas as reflected in economic-, governance-, environmental- and social- aspects.

    In March 2022, Braskem inaugurated its first mechanical recycling unit in Indaiatuba (SP), resulting from a partnership between the company and Valoren. Valoren does technology development as well as waste management that transforms it into recycled products. Braskem is seeking to significantly increase its product offering containing recycled content, with annual sales volumes reaching one million tonnes by the end of this decade.

    Segmentation Table

    Paste PVC Resin Market, By Manufacturing Process

      • Emulsion
      • Micro suspension method.

    Paste PVC Resin Market, By Application

      • Automotive sealant
      • Printing inks
      • Industrial gloves
      • Synthetic leather
      • PVC flooring
      • Wall coverings
      • Adhesive
      • Molding

    Paste PVC Resin Market, By Grade

      • K Grade
      • Low K Grade
      • High K Grade
      • Vinyl Acetate Copolymer Grade

    Future Outlook

    Paste PVC Resin Market Future Outlook

    The Paste PVC Resin Market is projected to grow at a 4.80% CAGR from 2025 to 2035, driven by increasing demand in construction, automotive, and packaging sectors.

    New opportunities lie in:

    • Invest in sustainable production technologies to reduce environmental impact and enhance market appeal.
    • Develop specialized formulations for high-performance applications in automotive and construction industries.
    • Expand distribution networks in emerging markets to capitalize on rising demand for PVC products.

    By 2035, the Paste PVC Resin Market is expected to achieve robust growth, solidifying its position as a key industry segment.

    Market Segmentation

    Market Segmentation

    List of Companies Covered in the Report
    • SCG (Thailand)
    • The Sanmar Group (India)
    • LG Chem (South Korea)
    • Braskem (Brazil)
    • CIRES SA (Portugal)
    • (U.K.)
    • Vinnolit GmbH & Co. KG (Germany)
    • Tosoh Corporation (Japan)
    • KEM ONE (France)

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 2.67 Billion
    Market Size 2035 4.47 (Value (USD Billion))
    Compound Annual Growth Rate (CAGR) 4.80% (2025 - 2035)
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2018 & 2020
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered By Grade, Manufacturing Process, Application and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled SCG (Thailand), The Sanmar Group (India), LG Chem (South Korea), Braskem (Brazil), CIRES SA (Portugal), Gogara International (U.K.), Vinnolit GmbH & Co. KG (Germany), Tosoh Corporation (Japan), KEM ONE (France)
    Key Market Opportunities Advent of Electric Vehicles to Offer Significant Market Opportunities for Market Expansion
    Key Market Dynamics Growing Application of PVC Paste in Automotive and Construction Sector to Boost the Market.
    Market Size 2025 2.80 (Value (USD Billion))

    Market Highlights

    Author

    Anshula Mandaokar
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    At what CAGR is the Paste PVC Resin Market predicted to grow during the forecast period?

    Paste PVC Resin Market is predicted to grow at 4.80% through forecast period of 2024-2035.

    What is the forecast period of Paste PVC Resin Market research report?

    The forecast period for Paste PVC Resin Market research report is 2025-2035.

    Which region will lead the global Paste PVC Resin Market?

    Paste PVC Resin Market is dominated by APAC region.

    What are the key factors driving the Paste PVC Resin Market?

    The pandemic has brought a severe impact on the market due to the temporary shutdown of the manufacturing unit that hampered the market significantly.

    Who are the key players in the Paste PVC Resin Market?

    SCG (Thailand), The Sanmar Group (India), LG Chem (South Korea), Braskem (Brazil), CIRES SA (Portugal), Gogara International (U.K.), Vinnolit GmbH & Co. KG (Germany), Tosoh Corporation (Japan), KEM ONE (France)

    1. Executive Summary
    2. Market Introduction
      1. Market Definition 21
      2. Scope Of The Study 21
      3. List
      4. Market Structure 22
    3. Market Insights
      1. Key Takeaways 24
    4. Research Methodology
      1. Research
      2. Primary Research 29
      3. Secondary Research
      4. Market Size Estimation 31
      5. Forecast Model 31
    5. Market Dynamics
      1. Introduction 33
      2. Drivers
        1. Increasing Demand For PVC Floorings And Wall Coverings 33
        2. Growing Application Of Paste PVC Resin In Automobiles 34
        3. Increasing Use In The Production Of Synthetic Leather 35
        4. Fluctuating Raw Material Prices Coupled With Stringent
      3. Opportunities 38
        1. Rising Use Of Plastics
      4. Challenges 38
        1. Availability Of Alternatives 38
    6. Market Factor Analysis
      1. Supply Chain Analysis 40
        1. Raw Materials And Suppliers
        2. Paste PVC Resin Manufacturers 41
        3. Distribution
        4. Applications 41
      2. Porter’s Five Forces
        1. Threat Of New Entrants 42
        2. Threat Of
        3. Threat Of Substitutes 42
        4. Bargaining
        5. Bargaining Power Of Buyers 43
    7. Global Paste PVC Resin Market, By
      1. Introduction 46
      2. Medium K Value Grade 48
      3. High K Value Grade 49
      4. Low K Value Grade 50
      5. Vinyl
    8. Global Paste PVC Resin Market, By Manufacturing
      1. Introduction 53
      2. Emulsion Method 55
      3. Micro Suspension Method 56
    9. Global Paste PVC Resin Market, By
      1. Introduction 58
      2. PVC Flooring 60
      3. Synthetic Leather 61
      4. Wall Coverings 62
      5. Automotive
      6. Adhesive 64
      7. Printing Inks 65
      8. Industrial Gloves 67
      9. Others 68
    10. Global Paste PVC Resin Market, By Region
      1. Introduction 70
      2. North America 74
        1. US 77
        2. Canada 80
      3. Europe 82
        1. Germany 86
        2. France 91
        3. Spain 94
        4. Italy
        5. Russia 99
        6. Poland 101
        7. Netherlands
        8. Belgium 106
        9. Rest Of Europe 109
      4. Asia-Pacific 112
        1. China 115
        2. Japan 118
        3. India 120
        4. Australia And New Zealand 123
        5. South Korea 125
        6. Indonesia 128
        7. Rest
      5. Latin America 133
        1. Mexico 136
        2. Argentina 139
        3. Brazil 141
        4. Rest
      6. Middle East & Africa 146
        1. UAE 152
        2. Saudi Arabia 155
        3. Israel 157
        4. Rest Of Middle East & Africa 160
    11. Competitive Landscape
      1. Introduction 164
      2. Market
    12. Company Profiles
      1. Vinnolit GmbH & Co. KG 167
        1. Company Overview 167
        2. Financial Overview 167
        3. Products Offered 168
        4. Key Developments 168
        5. SWOT Analysis 168
        6. Key Strategies 168
      2. SCG 169
        1. Company Overview
        2. Financial Overview 169
        3. Products Offered
        4. Key Developments 170
        5. SWOT Analysis 170
        6. Key Strategies 170
      3. LG Chem 171
        1. Financial Overview 171
        2. Key Developments 172
        3. SWOT
        4. Key Strategy 172
      4. Gogara International
        1. Company Overview 173
        2. Financial Overview
        3. Products Offered 173
        4. Key Developments 173
        5. SWOT Analysis 173
        6. Key Strategies 173
        7. Company Overview 174
        8. Financial Overview
        9. Products Offered 175
        10. Key Developments 175
        11. SWOT Analysis 175
        12. Key Strategies 175
        13. Company Overview 176
        14. Financial
        15. Products Offered 177
        16. Key Developments
        17. SWOT Analysis 177
        18. Key Strategies 177
      5. KEM ONE 178
        1. Company Overview 178
        2. Products Offered 178
        3. SWOT Analysis 178
        4. Key Strategies
      6. The Sanmar Group 179
        1. Company Overview 179
        2. Financial Overview 179
        3. Products Offered 179
        4. Key Developments 179
        5. SWOT Analysis 180
        6. Key Strategies 180
      7. Tosoh Corporation 181
        1. Financial Overview 181
        2. Key Developments 182
        3. SWOT
        4. Key Strategies 182
      8. Mexichem S.A.B.
        1. Company Overview 183
        2. Financial
        3. Products Offered 184
        4. Key Developments
        5. SWOT Analysis 184
        6. Key Strategies 184
    13. Conclusion
      1. Key Findings 186
    14. List Of Tables
    15. GLOBAL PASTE PVC RESIN MARKET, BY MANUFACTURING PROCESS, 2021-2030 (KILOTONS)
    16. GLOBAL PASTE PVC RESIN MARKET, BY MANUFACTURING PROCESS, 2021-2030 (KILOTONS)
    17. GERMANY: PASTE PVC RESIN MARKET, BY APPLICATION, 2021-2030 (USD MILLION) 88
    18. ITALY: PASTE PVC RESIN MARKET, BY APPLICATION, 2021-2030 (KILOTONS) 98
    19. RUSSIA: PASTE PVC RESIN MARKET, BY APPLICATION, 2021-2030 (KILOTONS) 101
    20. POLAND: PASTE PVC RESIN MARKET, BY APPLICATION, 2021-2030 (KILOTONS) 103
    21. BELGIUM: PASTE PVC RESIN MARKET, BY MANUFACTURING PROCESS, 2021-2030 (KILOTONS)
    22. ASIA-PACIFIC: PASTE PVC RESIN MARKET, BY MANUFACTURING PROCESS, 2021-2030 (KILOTONS)
    23. SOUTH KOREA: PASTE PVC RESIN MARKET, BY APPLICATION, 2021-2030 (KILOTONS) 127
    24. MEXICO: PASTE PVC RESIN MARKET, BY APPLICATION, 2021-2030 (KILOTONS) 138
    25. TURKEY: PASTE PVC RESIN MARKET, BY GRADE, 2021-2030 (KILOTONS) 150
    26. UAE: PASTE PVC RESIN MARKET, BY MANUFACTURING PROCESS, 2021-2030 (USD MILLION)
    27. ISRAEL: PASTE PVC RESIN MARKET, BY GRADE, 2021-2030 (USD MILLION) 157
    28. List Of Figures
    29. ASIA PACIFIC & MARKET SHARE BY COUNTRY (2020 VS 2027) 25
    30. LATIN AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 25

    Paste PVC Resin Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

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