The global biobased polyvinyl chloride market revenue was around US$ 630.15 million in 2022 and is estimated to reach US$ 2,947.8 million by 2031, growing at a compound annual growth rate (CAGR) of 18.7% during the forecast period from 2023 to 2031.
Bio-based Polyvinyl Chloride (PVC), derived from renewable sources such as agricultural and biomass residues, aligns with this trend by providing a more sustainable option to traditional PVC, which depends on petroleum-based feedstocks. This trend is especially evident in industries such as automotive, construction, automotive, and packaging, where bio-based PVC is being increasingly utilized to meet sustainability objectives and customer demands for greener products.
Market Driving Factors
Increasing demand for sustainable materials across several industries boosts market growth. Consumers and businesses are increasingly aware of the environmental effects of their options and are seeking choices for traditional plastics. Bio-based PVC, with its less carbon footprint and renewable sourcing, is becoming an adorable choice for businesses looking to satisfy sustainability objectives and lower their environmental footprint.
The increasing concern over plastic pollution and the necessity for eco-friendliness has led to a substantial shift towards sustainable materials. Biobased PVC is one such material that is derived from renewable feedstocks and is thought to be a responsible option to lower the environmental effect of PVC production. Furthermore, regulatory bodies and governments globally are now introducing regulations and policies that promote the use of biobased materials. Thus, this factor promotes the usage of biobased PVC as a sustainable option, which propels market expansion.
Price competitiveness, durability, and performance hamper the market growth.
Regional Analysis
North America dominated the market and is estimated to maintain its dominance. The biobased PVC industry has been steadily increasing in the region, driven by a strengthened understanding of environmental problems and a surge in acceptance of green and sustainable plastic materials. Furthermore, consumers and businesses are increasingly pursuing options to traditional petroleum-based PVC. Biobased PVC discovers applications across a broad spectrum of construction materials, encompassing packaging, automotive components, and consumer goods.
Asia Pacific dominates the market in terms of the rate. This is because surge in emphasis on ecological sustainability, the enforcement of environmental measures, and customer inclinations for products that have a reduced environmental footprint. Furthermore, both government and corporate entities are exploring methods to diminish their dependence on fossil fuels during plastic production. Thus, these factors drive the market growth.
Segmentation Insights
Product Insight
The flexible segment dominates the market in terms of the largest share. It is produced utilizing renewable feedstocks like plant-based resources, which assists in decreasing the requirement for fossil fuels and reducing carbon emissions. Eco-friendly items are in greater demand as more people become eco-conscious. Flexible biobased PVC fulfills this demand by allowing businesses to encourage their products as sustainable, which attracts customers who value eco-friendliness.
Application Insight
The pipes and fittings segment dominates the market in terms of the share. Biobased PVC pipes and fittings exhibit the exact level of endurance and robustness as their conventional PVC counterparts. They stand up to the difficulties of transporting water, drainage, sewage, or potable water supply. These materials come inherently equipped with corrosion resistance, ensuring prolonged service life with less maintenance.
End-Use Industry Insight
The building and construction segment dominates the market in terms of revenue. This is due to the increase in the demand for biobased polyvinyl chloride. Biobased PVC is compliant with green building certifications like Leadership in Energy and Environmental Design (LEED) and sustainable construction methods. Its use encourages eco-friendly building activities by lowering the overall environmental effect of construction materials. Furthermore, biobased PVC profiles and moldings can be utilized for internal design and decorative purposes, such as chair rails, baseboards, and crown moldings. Biobased PVC sidings and panels are effective wall cladding materials, suitable for both commercial and residential construction.
Prominent Companies
Segmentation Outline
The global biobased polyvinyl chloride market segmentation focuses on Product, Application, End-Use Industry, and Region.
By Product
By Application
By End-Use Industry
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BIOBASED POLYVINYL CHLORIDE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BIOBASED POLYVINYL CHLORIDE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BIOBASED POLYVINYL CHLORIDE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BIOBASED POLYVINYL CHLORIDE MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 FLEXIBLE
5.3 RIGID
6 GLOBAL BIOBASED POLYVINYL CHLORIDE MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 WIRES AND CABLES
6.3 FILMS AND SHEETS
6.4 PIPES AND FITTINGS
6.5 HOSES AND TUBING
6.6 OTHERS
7 GLOBAL BIOBASED POLYVINYL CHLORIDE MARKET, BY END-USE INDUSTRY
7.1 OVERVIEW
7.2 BUILDING & CONSTRUCTION
7.3 ELECTRICAL & ELECTRONICS
7.4 TRANSPORTATION
7.5 PACKAGING
7.6 OTHERS
8 GLOBAL BIOBASED POLYVINYL CHLORIDE MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL BIOBASED POLYVINYL CHLORIDE MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 ARKEMA GROUP
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 BASF SE
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 BIO-TEC ENVIRONMENTAL LLC
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 BRASKEM
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 DOW MITSUI & CO. LTD
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 EVONIK INDUSTRIES AG
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 INEOS GROUP
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 KANEKA CORPORATION
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 LG CHEM LTD
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 MITSUBISHI CHEMICAL CORPORATION
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 SHIN-ETSU CHEMICAL CO LTD
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 SOLVAY INDUPA
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 VINYLOOP
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 VYNOVA GROUP
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 WESTLAKE VINNOLIT GMBH & CO. KG
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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