Global PVC Market to Boost Steadily in Upcoming Years, Forecast Ceresana Research
Ceresana Research expects the global PVC market to reach revenues of more than US$65 billion in 2019. Now that the global recession has ended, the construction industry will again boost demand for PVC . The average annual growth rate of 3.3% seen in the past eight years is likely to be surpassed in future. Ceresana Research forecasts PVC demand to increase at an average annual rate of 3.9% over the next years. With a roughly 53% share of global consumption, Asia-Pacific is the largest PVC outlet, followed by North America and Western Europe. Shares in demand of the individual world regions will shift significantly over the next eight years. The analysts from Ceresana forecast countries in Asia-Pacific to increase their shares in the global PVC market — mainly at the expense of industrial countries. In contrast, emerging and developing countries will benefit from an increasing per-capita consumption of plastic products. In addition, the construction industry is boosting in the