PVC is one of the most used polymers after polyethylene and polypropylene. It has vast application and is used in a number of industries such as construction, automotive, packaging, electricals etc. PVC performs better in certain application because of its physical properties such as toughness, abrasion resistance, light in weight and other mechanical properties. It is most commonly used in the construction industry in pipes, doors, window frames, pipe cabling, etc.
As seen the growth rate of import of Polyvinyl Chloride is highest in Iran for the year 2015-2016. It imported PVC polymer worth of US$ 57.8 million in 2016 with a growth rate of 112%. The second fastest growing market is in Australia. It imported PVC polymer worth of US$ 169 million in 2016 with a growth rate of 91%. Among all the top 10 market Belgium imported the most amount of PVC polymer worth US$ 892 million in 2016. The growth rate of import was 25% than the previous year.
The growth rate as seen is highest for the countries in the Asian region. The Asia region is growing region in construction and building industry due to its booming population. The construction industry is the leading end-use industry for consumption of PVC polymer market so is driving the market. The market is forecasted to grow in coming years.
Note: Only those markets are considered which are importing PVC polymer of considerable value.