The North America polyvinyl chloride (PVC) is expected to register a CAGR of over 3% during the forecast period. PVC is strong and lightweight, durable to weathering, rotting, chemical corrosion and abrasion, versatile, and easy to use, as it can be cut, shaped, welded, and joined in any style.

  • Major factors driving the market studied are the increasing use of plastics to reduce vehicle weight and enhance fuel economy, growing demand from the construction industry, and increasing applications in the healthcare industry
  • However, hazardous impacts on humans and the environment are expected to majorly hinder the growth of the market studied.
  • The accelerating usage of electric vehicles and PVC recycling are likely to act as an opportunity in the future.



Key Market Trends

Growing Demand from the Construction Industry

  • PVC pipes have been used in building and construction for over 60 years, as they offer valuable energy saving during production, low-cost distribution, and a safe, maintenance-free lifetime of service. These pipes are widely used for pipeline systems for water, waste, and drainage as these pipes suffer no build-up, scaling, corrosion, or pitting and they provide smooth surfaces reducing energy requirements for pumping.
  • PVC flooring has several benefits, such as durability, freedom of aesthetic effects, ease in installation, easy to clean, recyclability, etc. Thus, its flooring is used over years. Another area in the building and construction industry, where PVC is used, is in roofing; it is used mainly due to its low maintenance requirements and as it lasts more than 30 years.
  • In the North American region, the construction industry is expected to witness a moderate growth, supported by single-family, roads and bridges, and institutional construction expected in the coming years. In the United States, Southern and Western regions are the key regions for growth, with Nevada, Texas, and New Mexico leading the growth prospects. In Canada, the overall construction industry is expected to resume its growth in forecast period, supported by a rebound in non-building construction.



Mexico to Dominate the Market Growth

  • Mexico is the second-largest export market and third-largest source of imports in the United States. Sound macroeconomic policies and ambitious structural reforms have ensured the resilience of the highly open Mexican economy, amidst challenging global conditions.
  • The booming Mexican electronics industry, fueled by foreign investments, continues to grow, as companies find advantages, like cheap labor, which help them to compete in the global economy.
  • The automotive and auto parts sector in Mexico has been driven by the presence of major light and heavy-vehicle assembly companies, such as General Motors, Ford, Chrysler, Volkswagen, Nissan, Honda, BMW, Toyota, Volvo, and Mercedes-Benz.
  • Medical device manufacturing in Mexico is carried out by major players in the industry, which include Medtronic, Kimberly-Clark, Boston Scientific, Johnson & Johnson, GE, Tyco, Siemens and Cardinal Healthcare, Becton Dickinson, 3M, and Stryker Incorporated, among others.
  • Over the years, medical device manufacturing in Mexico progressed to include the production of sophisticated Class III devices. Investment in innovative designs that solve scientific and technological challenges is likely to further boost the PVC market growth in the country.
  • The shift toward low-cost, flexible packaging, and the increase in demand for innovative and clear packages continue to provide the necessary impetus for the growth of the Mexican packaging industry.
  • Considering such factors, the demand for PVC is projected to grow at a steady pace during the forecast period.



Competitive Landscape

North America Polyvinyl Chloride market is partially fragmented among the top five players. The top companies have been focusing on providing better materials for various end-user industries. Major manufacturers of North America PVCs are Formosa Plastics Corporation, Covestro AG, Shin-Etsu Chemical Co., Ltd., Westlake Chemical Corporation, LG Chem, and amongst others.

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