PUBLISHER: Grand View Research | PRODUCT CODE: 1609549
PUBLISHER: Grand View Research | PRODUCT CODE: 1609549
The Asia Pacific dry PVC compound market size is expected to reach USD 3.94 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.62% from 2025 to 2030. The rise in demand for electrical and electronic bias across the region, owing to the technological developments and R&D in the electrical and electronics market is expected to drive the market growth over the forecast period. Furthermore, increasing spending by governments on construction and infrastructure, especially in India and China, is expected to augment the demand for dry Polyvinyl Chloride (PVC) compounds.
Growing demand for beverages is expected to fuel the demand for dry PVC compounds in various applications such as containers and bottles, among others. The rising popularity of pre-packaged meals, bottled water, and beverage consumption among consumers, as well as the growing number of supermarkets and restaurants, is driving the growth of the PVC compounds market in the region.
Moreover, industries such as food and beverage and cosmetics and medicinal products utilize PVC flexible packaging. This is primarily due to its characteristics such as lightweight and ease of usage. Due to increasing demand for packaged food and private investments by market players, the industry is projected to witness considerable growth in the coming years. Additionally, Asia Pacific remains the most lucrative market for the manufacturers of PVC packaging due to strong domestic demand and the availability of cheap labor.
Furthermore, increasing awareness among consumers regarding safety and health hazards for various industries including healthcare, construction, wire & cable, and automotive, is expected to drive the regional demand for dry PVC compounds over the forecast period.