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Bio-Based PVC Market Projected to Witness a Single-digit CAGR During 2019-2029

Bio-Based PVC Market Introduction

Poly Vinyl Chloride (PVC) is one of the world’s prominent synthetic plastic polymer that is being produced in a significant volume at a global level. It comes in two forms that includes rigid PVC and Flexible PVC. They are referred to as bio-based PVC when produced from renewable and bio-based feedstock instead of the conventional fossil fuel based feedstocks. The market for bio-based PVC is poised to grow significantly as it has a significant potential to replace the conventional PVC efficiently. Moreover, bio-based PVC can help the manufacturers meet current market demands for bio-based and bio-degradable chemicals and plastics. Bio-based PVC can be efficiently used in building and construction, packaging and transportation, electricals and electronics and textile industries among others for various applications that include the production of agricultural films, bags, fibers, containers, bins and bottles among others.

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Bio-Based PVC Market Dynamics

Bio-Based PVC Market Drivers

Plastics are demanded in almost every other industry for packaging applications. The use of conventional plastics is getting more and more restricted as a result of stringent regulations and norms are being laid by the governments at national and international levels. These regulations restrict the utilization of plastics that are non-biodegradable and harmful to the environment. As a consequence, industrialists are bound to use bio-based alternatives to the conventional fossil fuel based chemicals and this has created a significant demand for bio-based PVC. The increasing awareness about the facts such as bio-based PVC is produced from feedstock that is renewable and more importantly, biodegradable has also contributed to the increase in demand for bio-based PVC across the globe and this demand for bio-based PVC is expected to increase further in coming years. The preference of most of the industries such as food processing, and packaging has shifted towards bio-based polymers in order to attain their goals of sustainable development. This factor is also expected to drive the growth of global bio-based PVC market significantly.

Bio-Based PVC Market Restraints

The global bio-based PVC market is expected to be potentially restrained from the intense competition for bio-based PVC feedstock. The completion is from the food manufacturing and processing industries that consume the same feedstock for food production.

Bio-Based PVC Market Trends

Global bio-based PVC market is witnessing a significant number of product launches as the participants of the global bio-based PVC market participate vigorously in research and development for technological advancements and for the development of new and efficient methods of bio-based PVC production from different types of biological and renewable feedstock.

Bio-Based PVC Market Segmentation

The global Bio-Based PVC market can be segmented on the basis of processing method, applications, end-uses and regions.

On the basis of processing method, the global Bio-Based PVC market can be segmented as:

  • Fiber extrusion
  • Injection blow molding
  • Injection molding
  • Lamination
  • Thermoforming
  • Others 

On the basis of applications, the global Bio-Based PVC market can be segmented as:

  • Agriculture films
  • Bags
  • Blisters
  • Bottles and canisters
  • Caps and closures
  • Containers and bins
  • Cosmetics
  • Fibers
  • Others

On the basis of end-use, the global Bio-Based PVC market can be segmented as:

  • Building and Construction
  • Transportation and Packaging
  • Electricals and Electronics
  • Textiles
  • Others

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Bio-Based PVC Market Participants

Some of the market participants identified across the value chain of global bio-based PVC market are:

  • Solvay
  • Bio-Plastic Solutions, LLC
  • BiologiQ, Inc.
  • Trinseo
  • Proviron
  • Green Dot Bioplastics
  • Carnegie Fabrics, LLC
  • Nomaco
  • Plastic Extrusion Technologies
  • AFI Licensing LLC
  • Presco
  • ENSO Plastics
  • Neste

Bio-Based PVC Market Regional Outlook

In terms of production, China is one of the prominent regions in the global bio-based PVC market. Japan also has some of the prominent players of the global bio-based PVC market. However, as a consequence of a significant concentration of industries that consume bio-based PVC in China, East Asia is expected to hold a significant share of the global bio-based PVC market in terms of consumption volume. East Asia is followed by other regions such as North America and Europe which have a considerable demand for bio-based polymers such as bio-based PVC.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. Report also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The Report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa) 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Market potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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Laxman D

Mr. Laxman Dadar is an accomplished proficient in statistical surveying composing. His visitor posts and articles have been distributed in driving industry and sites. His interests include fiction, theory, and innovation.

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