Vinyl Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Vinyl, also known as ethenyl, is the functional group of alkenyl. It is composed of two simple building blocks of ethylene derived from crude oil and chlorine, based on common salts. Vinyl is one of the most prevalently used plastic globally. Vinyl is a highly recyclable plastic as more than 50% of vinyl polymers are derived from renewable sources. It is less expensive, highly versatile, inflammable, and durable material and hence has become the material of choice for manufacturing vinyl floorings, wire and cable insulations, water pipes, raincoats, shower curtains, blister and clamshell packaging, footwear, etc.
MARKET DYNAMICS
The building and construction sector generates a substantial demand for vinyl as it is pervasively used in building products, including window frames, wall coverings, floor tiles, gutters, and downspouts, etc. The steadily growing construction sector and the robust growth witnessed by the construction material industry is anticipated to influence the vinyl market positively. The packaging industry is also a significantly large consumer of vinyl. Flexible vinyl films are one of the leading packaging materials in the packaging industry. The high demand for flexible packaging for manufacturing tamper proof medicine and food products and wrapping meat and other perishable food is a major force in driving the vinyl market. Growing uses of vinyl bottles, jars, and containers in packaging fast-moving consumer goods such as cooking oils, peanut butter, shampoos, etc., is anticipated to push the demand for vinyl resins even further. Vinyl has been regarded as a safe material for incineration, and landfilling and its uses are deemed safe by the Environmental Protection Agency (EPA). This is likely to increase the demand for vinyl in various end-use applications.
MARKET SCOPE
The "Global Vinyl Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vinyl market with detailed market segmentation by product, applications, and geography. The global vinyl market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vinyl market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vinyl market is segmented on the basis of product and applications. On the basis of product, the vinyl market is segmented into, vinyl acetate, vinyl alcohol, vinyl chloride, and others. On the basis of applications, the market is bifurcated into, automotive, construction, electrical, healthcare, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global vinyl market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vinyl market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vinyl market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vinyl market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global vinyl market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vinyl market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vinyl market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vinyl market in these regions.
MARKET PLAYERS
The reports cover key developments in the vinyl market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vinyl market are anticipated to lucrative growth opportunities in the future with the rising demand for vinyl in the global market. Below mentioned is the list of few companies engaged in the vinyl market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vinyl market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ashland Global Holdings Inc.
- BASF SE
- Celanese Corporation
- Interplastic Corporation
- Kuraray Co., Ltd
- LyondellBasell Industries
- Reinchhold LLC
- Sino Polymer Co.
- The Dow Chemical Company
- Wacker Chemie AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vinyl Market - By Product
1.3.2 Vinyl Market - By Applications
1.3.3 Vinyl Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VINYL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VINYL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. VINYL MARKET - GLOBAL MARKET ANALYSIS
6.1. VINYL - GLOBAL MARKET OVERVIEW
6.2. VINYL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VINYL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. VINYL ACETATE
7.3.1. Overview
7.3.2. Vinyl Acetate Market Forecast and Analysis
7.4. VINYL ALCOHOL
7.4.1. Overview
7.4.2. Vinyl Alcohol Market Forecast and Analysis
7.5. VINYL CHLORIDE
7.5.1. Overview
7.5.2. Vinyl Chloride Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. VINYL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. CONSTRUCTION
8.4.1. Overview
8.4.2. Construction Market Forecast and Analysis
8.5. ELECTRICAL
8.5.1. Overview
8.5.2. Electrical Market Forecast and Analysis
8.6. HEALTHCARE
8.6.1. Overview
8.6.2. Healthcare Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. VINYL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Vinyl Market Overview
9.1.2 North America Vinyl Market Forecasts and Analysis
9.1.3 North America Vinyl Market Forecasts and Analysis - By Product
9.1.4 North America Vinyl Market Forecasts and Analysis - By Applications
9.1.5 North America Vinyl Market Forecasts and Analysis - By Countries
9.1.5.1 United States Vinyl Market
9.1.5.1.1 United States Vinyl Market by Product
9.1.5.1.2 United States Vinyl Market by Applications
9.1.5.2 Canada Vinyl Market
9.1.5.2.1 Canada Vinyl Market by Product
9.1.5.2.2 Canada Vinyl Market by Applications
9.1.5.3 Mexico Vinyl Market
9.1.5.3.1 Mexico Vinyl Market by Product
9.1.5.3.2 Mexico Vinyl Market by Applications
9.2. EUROPE
9.2.1 Europe Vinyl Market Overview
9.2.2 Europe Vinyl Market Forecasts and Analysis
9.2.3 Europe Vinyl Market Forecasts and Analysis - By Product
9.2.4 Europe Vinyl Market Forecasts and Analysis - By Applications
9.2.5 Europe Vinyl Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Vinyl Market
9.2.5.1.1 Germany Vinyl Market by Product
9.2.5.1.2 Germany Vinyl Market by Applications
9.2.5.2 France Vinyl Market
9.2.5.2.1 France Vinyl Market by Product
9.2.5.2.2 France Vinyl Market by Applications
9.2.5.3 Italy Vinyl Market
9.2.5.3.1 Italy Vinyl Market by Product
9.2.5.3.2 Italy Vinyl Market by Applications
9.2.5.4 United Kingdom Vinyl Market
9.2.5.4.1 United Kingdom Vinyl Market by Product
9.2.5.4.2 United Kingdom Vinyl Market by Applications
9.2.5.5 Russia Vinyl Market
9.2.5.5.1 Russia Vinyl Market by Product
9.2.5.5.2 Russia Vinyl Market by Applications
9.2.5.6 Rest of Europe Vinyl Market
9.2.5.6.1 Rest of Europe Vinyl Market by Product
9.2.5.6.2 Rest of Europe Vinyl Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Vinyl Market Overview
9.3.2 Asia-Pacific Vinyl Market Forecasts and Analysis
9.3.3 Asia-Pacific Vinyl Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Vinyl Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Vinyl Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Vinyl Market
9.3.5.1.1 Australia Vinyl Market by Product
9.3.5.1.2 Australia Vinyl Market by Applications
9.3.5.2 China Vinyl Market
9.3.5.2.1 China Vinyl Market by Product
9.3.5.2.2 China Vinyl Market by Applications
9.3.5.3 India Vinyl Market
9.3.5.3.1 India Vinyl Market by Product
9.3.5.3.2 India Vinyl Market by Applications
9.3.5.4 Japan Vinyl Market
9.3.5.4.1 Japan Vinyl Market by Product
9.3.5.4.2 Japan Vinyl Market by Applications
9.3.5.5 South Korea Vinyl Market
9.3.5.5.1 South Korea Vinyl Market by Product
9.3.5.5.2 South Korea Vinyl Market by Applications
9.3.5.6 Rest of Asia-Pacific Vinyl Market
9.3.5.6.1 Rest of Asia-Pacific Vinyl Market by Product
9.3.5.6.2 Rest of Asia-Pacific Vinyl Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Vinyl Market Overview
9.4.2 Middle East and Africa Vinyl Market Forecasts and Analysis
9.4.3 Middle East and Africa Vinyl Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Vinyl Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Vinyl Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Vinyl Market
9.4.5.1.1 South Africa Vinyl Market by Product
9.4.5.1.2 South Africa Vinyl Market by Applications
9.4.5.2 Saudi Arabia Vinyl Market
9.4.5.2.1 Saudi Arabia Vinyl Market by Product
9.4.5.2.2 Saudi Arabia Vinyl Market by Applications
9.4.5.3 U.A.E Vinyl Market
9.4.5.3.1 U.A.E Vinyl Market by Product
9.4.5.3.2 U.A.E Vinyl Market by Applications
9.4.5.4 Rest of Middle East and Africa Vinyl Market
9.4.5.4.1 Rest of Middle East and Africa Vinyl Market by Product
9.4.5.4.2 Rest of Middle East and Africa Vinyl Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Vinyl Market Overview
9.5.2 South and Central America Vinyl Market Forecasts and Analysis
9.5.3 South and Central America Vinyl Market Forecasts and Analysis - By Product
9.5.4 South and Central America Vinyl Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Vinyl Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Vinyl Market
9.5.5.1.1 Brazil Vinyl Market by Product
9.5.5.1.2 Brazil Vinyl Market by Applications
9.5.5.2 Argentina Vinyl Market
9.5.5.2.1 Argentina Vinyl Market by Product
9.5.5.2.2 Argentina Vinyl Market by Applications
9.5.5.3 Rest of South and Central America Vinyl Market
9.5.5.3.1 Rest of South and Central America Vinyl Market by Product
9.5.5.3.2 Rest of South and Central America Vinyl Market by Applications
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VINYL MARKET, KEY COMPANY PROFILES
11.1. ASHLAND GLOBAL HOLDINGS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CELANESE CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INTERPLASTIC CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KURARAY CO., LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LYONDELLBASELL INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. REINCHHOLD LLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SINO POLYMER CO.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE DOW CHEMICAL COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WACKER CHEMIE AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Ashland Global Holdings Inc.
2.BASF SE
3.Celanese Corporation
4.Interplastic Corporation
5.Kuraray Co., Ltd
6.LyondellBasell Industries
7.Reinchhold LLC
8.Sino Polymer Co.
9.The Dow Chemical Company
10.Wacker Chemie AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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