Suspension Polyvinylchloride Resin: Introduction
- Suspension polyvinylchloride resin is manufactured with the help of the suspension polymerization method. It has a relatively narrow molecular mass distribution, low branching degree, high purity degree, low water absorption rate, good dielectric properties, good thermal stability, and light resistance.
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Rise in Building & Construction Activities to Drive Suspension Polyvinylchloride Resin Market
- Building & construction is one of the rapidly expanding industries in Asia Pacific. Improvement in standard of living, rise in disposable income of consumers, and increase in urbanization are major factors fueling construction activities in the region.
- Suspension polyvinylchloride resin is used to make vinyl siding. This material is available in a wide range of colors and finishes; and is used as a substitute for wood or metal. It is waterproof, weather resistant, and low maintenance. It is also used in window sills and door frames, gutters and downspouts, and double glazing window frames.
- Suspension polyvinylchloride resin has high resistance to temperature and excellent chemical resistance. Hence, large amount of these resins are anticipated to be used in construction of infrastructure projects as well as residential and non-residential buildings in the near future.
- China accounted for major share of the construction sector in Asia Pacific in 2019. It was followed by India. Demand for suspension polyvinylchloride resin is anticipated to increase in the residential segment of the construction sector in the near future, due to growth in urbanization and rise in population.
- The building & construction sector in India is anticipated to expand at a rapid pace during the forecast period, owing to rise in development of infrastructure and governmental support. Furthermore, infrastructure and commercial segments of the construction sector in Indonesia, Thailand, and Singapore are estimated to offer significant opportunities to the suspension polyvinylchloride resin market in the next few years.
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Applications of Suspension Polyvinylchloride Resin
- Suspension polyvinylchloride resin is a polymer manufactured from vinyl chloride monomer. It is used extensively in building & construction, automotive, and medical industries. Suspension polyvinylchloride resin is used to make body side moldings, windshield system components, interior upholstery, dashboards, arm rests, floor mats, wire coatings, abrasion coatings, adhesives, and sealants. Suspension polyvinylchloride resin is used in the manufacture of blood and intravenous bags, kidney dialysis and blood transfusion equipment, cardiac catheters, endotracheal tubes, artificial heart valves, and other medical equipment.
COVID-19 Impact on Global Suspension Polyvinylchloride Resin Market
- The global coronavirus outbreak is expected to pose severe challenges to the global suspension polyvinylchloride resin market. Suspension polyvinylchloride resin is primarily used in the building & construction industry. Therefore, contraction in the building & construction industry is likely to adversely affect the suspension polyvinylchloride resin market in the near future. Extension of the lockdown in various countries across the world has led to supply chain disruptions. This, in turn, is anticipated to hamper the market in the near future.
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North America to Hold Major Share of Global Suspension Polyvinylchloride Resin Market
- In terms of region, the global suspension polyvinylchloride resin market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- In terms of value, Asia Pacific dominated the global suspension polyvinylchloride resin market in 2019. This can be ascribed to growth in the construction sector in developing countries such China and India in the region.
- Europe is anticipated to create lucrative opportunities for the suspension polyvinylchloride resin market due to the increase in usage of these resins in various end-use industries such automotive, building & construction, marine, and aerospace
- The suspension polyvinylchloride resin market in Latin America and Middle East & Africa is projected to expand at a sluggish pace during the forecast period
Key Players Operating in Global Market
- The global suspension polyvinylchloride resin market is fragmented, with players focusing on incorporating advanced technologies to gain higher share. These players offer a complete portfolio of products; and focus on different business strategies to strengthen their position.
