Global Bio-based Polyvinyl Chloride Market Size Study, by Product (Rigid, Flexible), by Application (Films & Sheets, Wires & Cables, Pipes & Fittings), and Regional Forecasts 2022-2032

Description

The Global Bio-based Polyvinyl Chloride (PVC) Market, valued at approximately USD 0.76 billion in 2023, is anticipated to grow at a CAGR of 3.72% during the forecast period 2024-2032, reaching an estimated value of USD 3.72 billion by 2032. Bio-based PVC, derived from renewable sources such as bioethanol and biomass, is emerging as a sustainable alternative to conventional PVC. With its versatile properties, including durability and resistance to chemicals, bio-based PVC has found applications in industries such as construction, electrical wiring, and packaging. Its ability to deliver comparable performance to conventional PVC while reducing carbon footprints positions it as a vital component in achieving sustainability goals.

The construction sector's increasing inclination towards sustainable materials has significantly propelled the demand for bio-based PVC, particularly in applications such as pipes, fittings, and flexible films. Furthermore, the electrical industry's reliance on bio-based PVC for wires and cables, due to its excellent insulation properties, has augmented market growth. However, the high production costs associated with bio-based PVC and limited technological advancements pose challenges to its widespread adoption. Innovations in cost-efficient manufacturing processes and collaborations to enhance product performance are likely to unlock new growth avenues.

Regionally, North America leads the global bio-based PVC market, driven by regulatory support for sustainable practices and strong demand in construction and automotive applications. The Asia-Pacific region is expected to exhibit the fastest growth during the forecast period, fueled by rapid industrialization and increasing awareness of environmental sustainability in countries like China, India, and Japan. Europe also holds a significant market share, with stringent environmental regulations and a well-established focus on green alternatives supporting market expansion.

Major market players included in this report are:

BASF SE
Solvay S.A.
Braskem
Dow Inc.
Shin-Etsu Chemical Co., Ltd.
LG Chem
SABIC
INEOS
Formosa Plastics Corporation
Westlake Chemical Corporation
Covestro AG
Arkema S.A.
Kaneka Corporation
Mitsubishi Chemical Corporation
Tosoh Corporation

The detailed segments and sub-segment of the market are explained below:

By Product:

Rigid
Flexible

By Application:

Films & Sheets
Wires & Cables
Pipes & Fittings

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Italy
Spain
Rest of Europe

Asia Pacific:

China
India
Japan
South Korea
Australia
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market estimates & forecasts for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level insights.
Comprehensive competitive landscape with key players' profiles.
Strategic recommendations for future market approaches and trends.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Bio-based Polyvinyl Chloride Market Executive Summary

1.1. Global Bio-based Polyvinyl Chloride Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Bio-based Polyvinyl Chloride Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Bio-based Polyvinyl Chloride Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand in Sustainable Construction
- 3.1.2. Technological Advancements in Bio-based PVC Production
- 3.1.3. Increasing Focus on Environmental Sustainability
3.2. Market Challenges
- 3.2.1. High Production Costs of Bio-based PVC
- 3.2.2. Limited Technological Advancements
3.3. Market Opportunities
- 3.3.1. Expansion in End-use Industries
- 3.3.2. Emerging Applications in New Sectors
- 3.3.3. Innovations in Cost-efficient Manufacturing Processes

Chapter 4. Global Bio-based Polyvinyl Chloride Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Bio-based Polyvinyl Chloride Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Bio-based Polyvinyl Chloride Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Rigid
- 5.2.2. Flexible

Chapter 6. Global Bio-based Polyvinyl Chloride Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Bio-based Polyvinyl Chloride Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Films & Sheets
- 6.2.2. Wires & Cables
- 6.2.3. Pipes & Fittings

Chapter 7. Global Bio-based Polyvinyl Chloride Market Size & Forecasts by Region 2022-2032

7.1. North America Bio-based PVC Market
- 7.1.1. U.S. Bio-based PVC Market
  - 7.1.1.1. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Bio-based PVC Market
7.2. Europe Bio-based PVC Market
- 7.2.1. UK Bio-based PVC Market
- 7.2.2. Germany Bio-based PVC Market
- 7.2.3. France Bio-based PVC Market
- 7.2.4. Italy Bio-based PVC Market
- 7.2.5. Spain Bio-based PVC Market
- 7.2.6. Rest of Europe Bio-based PVC Market
7.3. Asia-Pacific Bio-based PVC Market
- 7.3.1. China Bio-based PVC Market
- 7.3.2. India Bio-based PVC Market
- 7.3.3. Japan Bio-based PVC Market
- 7.3.4. South Korea Bio-based PVC Market
- 7.3.5. Australia Bio-based PVC Market
- 7.3.6. Rest of Asia Pacific Bio-based PVC Market
7.4. Latin America Bio-based PVC Market
- 7.4.1. Brazil Bio-based PVC Market
- 7.4.2. Mexico Bio-based PVC Market
- 7.4.3. Rest of Latin America Bio-based PVC Market
7.5. Middle East & Africa Bio-based PVC Market
- 7.5.1. Saudi Arabia Bio-based PVC Market
- 7.5.2. UAE Bio-based PVC Market
- 7.5.3. South Africa Bio-based PVC Market
- 7.5.4. Rest of Middle East & Africa Bio-based PVC Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. BASF SE
- 8.1.2. Solvay S.A.
- 8.1.3. Braskem
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Solvay S.A.
- 8.3.3. Braskem
- 8.3.4. Dow Inc.
- 8.3.5. Shin-Etsu Chemical Co., Ltd.
- 8.3.6. LG Chem
- 8.3.7. SABIC
- 8.3.8. INEOS
- 8.3.9. Formosa Plastics Corporation
- 8.3.10. Westlake Chemical Corporation
- 8.3.11. Covestro AG
- 8.3.12. Arkema S.A.
- 8.3.13. Kaneka Corporation
- 8.3.14. Mitsubishi Chemical Corporation
- 8.3.15. Tosoh Corporation

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes