Poly Vinyl Chloride Prices December 2023
Product
|
Category |
Region |
Price |
Poly Vinyl Chloride |
Polymer & Resin |
USA |
689 USD/MT (PVC Pipe Grade) |
Poly Vinyl Chloride |
Polymer & Resin |
South Korea |
815 USD/MT (PVC Pipe Grade) |
The poly vinyl chloride prices in the USA for Q4 2023 reached 689 USD/MT in December. The market faced declining prices, driven by limited demand from the construction sector amid a slow economic recovery. Market participants hesitated to purchase because of expected import tariffs and ongoing international logistical challenges.
The price trend for poly vinyl chloride in South Korea for Q4 2023, reached 815 USD/MT in December. The market was marked by fluctuating demand and supply adjustments. Early in the quarter, low to moderate interest from downstream sectors led to a bearish trend. Despite these challenges, market players managed inventories carefully to maintain stability.
Poly Vinyl Chloride Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Poly Vinyl Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of poly vinyl chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of poly vinyl chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of poly vinyl chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing poly vinyl chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Poly Vinyl Chloride Market Analysis
The global poly vinyl chloride market size reached US$ 45.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 63.7 Billion, at a projected CAGR of 3.80% during 2023-2032.
- The widespread product application of poly vinyl chloride in the construction industry is one of the major factors driving the market. PVC is highly adopted in this industry on account of its durability, cost-effectiveness, and versatility. Additionally, the exponential growth witnessed in the construction industry, particularly in the developing economies is positively influencing the market growth. According to INVEST INDIA, the construction industry of India is projected to reach $1.4 Trillion by 2025. Another major factor creating a positive market outlook is the increasing number of construction investments by governments across the world, such as residential housing schemes, commercial construction ventures and government infrastructure projects.
- Poly vinyl chloride is majorly used for the production of seals, automotive interiors, underbody coatings, and gaskets, this is due to the flexible and lightweight nature exhibited by PVC. According to the data provided by the EUROPEAN AUTOMOBILE MANUFACTURERS ASSOCIATION (ACEA), the global car production reached 76 Million units, exhibiting an increase of 10.2%. The rising product demand in the automotive industry is also propelling the market growth. Other than this, the rising demand for electronic vehicles (EVs) in confluence with the growing need for lightweight materials to improve fuel efficiency is further affecting the market growth.
- The packaging industry is a major consumer of PVC, particularly for applications including blister packs, shrink wraps, cling films, and bottles. The factors driving the packaging industry include exponential growth in the e-commerce industry, changing consumer choices, and rising consciousness toward sustainability. According to GITNUX, the global packaging industry is projected to reach $1.05 Trillion by 2024. PVCs are transparent, recyclable, and act as a barrier thereby making it an appropriate packaging solution, across a wide array of industries such as pharmaceuticals, food and beverage, and consumer goods. Moreover, the sudden outbreak of the COVID-19 pandemic has also positively influenced the PVC market due to the high product utilization in products such as disinfectants, sanitizers, and personal protective equipment (PPE).
Poly Vinyl Chloride News
The report covers the latest developments, updates, and trends impacting the global poly vinyl chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in poly vinyl chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the poly vinyl chloride price trend.
Latest developments in the poly vinyl chloride industry:
- In 2021, Westlake Chemical Company announced the launch of GreenVin poly vinyl chloride. The product is a lower-carbon substitute PVC which is one of the widely used PVCs in industries such as construction, automotive, and medical.
- In August 2022, Continental announced its partnership with INOVYN, to use the bio-attributed PVC, BIOVYN, produced by the latter. This strategic partnership will assist in reducing the carbon footprint and cater to the rising consumer demand for bio-based products.
Product Description
Poly vinyl chloride, commonly referred to as PVC refers to a synthetic polymer procured from vinyl chloride monomers through the process of polymerization. It is a rigid or flexible plastic material varying on its processing and formulation.
The production of poly vinyl chloride is carried out by polymerization which occurs through emulsion, suspension, or bulk methods. Each of these methods result in PVCs with specific properties appropriate for various applications.
Poly vinyl chloride is widely used in a wide variety of industries including automotive, construction, packaging, electronics, and healthcare. For instance, in the electronics sector PVC is widely used in the production of wires, cables, insulation materials, and electronics housings on account of its electrical insulation properties, mechanical strength, and flame retardancy.
Regional Coverage
The report provides a detailed analysis of the poly vinyl chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the poly vinyl chloride price trend.
Global Poly Vinyl Chloride Price
The report offers a holistic view of the global poly vinyl chloride pricing trends in the form of poly vinyl chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into poly vinyl chloride historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into poly vinyl chloride price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed poly vinyl chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Poly Vinyl Chloride Price
The market was marked by low demand from the construction sector and ample inventories. High production costs and supply shortages added to the bearish price trends seen across the region, particularly in Germany, which was significantly impacted. Competitive pressures from imports made it difficult for suppliers to improve profitability despite attempts to lower operating rates to safeguard profit margins. The oversupply in the global market led to a redirection of shipments to Europe, further exacerbating the downward price trends, and the overall market conditions remained sluggish towards the end of the year.
This analysis can be extended to include detailed poly vinyl chloride price information for a comprehensive list of countries.
Region |
Countries Covered |
Europe |
Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Poly Vinyl Chloride Price
The market experienced price declines due to reduced demand from construction and packaging sectors. Economic challenges led to a cautious approach by buyers, who were reluctant to make large purchases. External factors like geopolitical tensions and logistical challenges complicated the market dynamics, affecting overall trade and pricing strategies. The declining spot export prices sparked discussions among buyers regarding potential price adjustments in contracts, reflecting the market's instability. Despite ample supplies, the shipping disruptions, along with declining crude oil added to the complexity, influencing the PVC pricing landscape.
Specific poly vinyl chloride historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Poly Vinyl Chloride Price
The report explores the poly vinyl chloride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on poly vinyl chloride prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Poly Vinyl Chloride Price
The market saw a lowered pricing trend during Q4 of 2023 in the region. Moderate demand from the construction and packaging sectors, along with production cutbacks, created a balanced but sluggish market. Market participants faced challenges because of lingering uncertainties, causing lower stock levels and declined margins. The instability of prices of crude oil and fluctuating domestic demand led frequent market adjustments. As a result, key manufacturers maintained cautious pricing and trading activity stayed temper as buyers navigated unpredictable conditions.
This poly vinyl chloride price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Poly Vinyl Chloride Price
The analysis of poly vinyl chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Poly Vinyl Chloride |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Poly Vinyl Chloride Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece*
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of poly vinyl chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting poly vinyl chloride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The poly vinyl chloride price charts ensure our clients remain at the forefront of the industry.