Bio-Based PVC Market
Bio-Based PVC Market Share & Trends Analysis By Processing Method (Fiber extrusion, Injection blow molding, Injection molding), By Application (Agriculture films, Bags, Blisters, Caps and closures, Containers and bins), By End-use Industry & By Region - Global Market Insights 2022 to 2032
Analysis of Bio-Based PVC Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bio-Based PVC Market Outlook (2022 to 2032)
Bio-based PVC is used in the manufacturing of wires, pipes, and cables that are used further in the construction, and electronics segment. The building and construction sector in developing economies is likely to expand in the forecast period which is likely to excel in demand for the bio-based PVC markets in upcoming years. PVC is widely available in two forms rigid and flexible. The market for bio PVC is poised to grow significantly as it has a significant potential to replace conventional PVC efficiently. Bio-based PVCs are made from bio-based feedstock instead of conventional methods.
The rising awareness about climate change across the world has propelled the demand for manufacturers to invest in sustainable alternatives. The invention of bio-based pipes has been proven to be a positive impact on the environment as well as these products survived on the performance and quality standards.
Moreover, it can help manufacturers meet current market demands for bio-based and bio-degradable chemicals and plastics. This can be efficiently used in building and construction, packaging and transportation, electrical and electronics, and textile industries among others for various applications that include the production of agricultural films, bags, fibers, containers, bins, and bottles among others.
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What drives demand for Bio-based PVC?
“The market is expected to grow with a CAGR of 4% in upcoming years.”
Plastics are demanded in almost every other industry for packaging applications. The use of conventional plastics is getting more and more restricted as a result of stringent regulations and norms being laid by the governments at national and international levels. These regulations restrict the utilization of plastics that are non-biodegradable and harmful to the environment.
As a consequence, industrialists are bound to use bio-based alternatives to conventional fossil fuel-based chemicals and this has created a significant demand for bio-based PVC. The increasing awareness about the facts such as bio-based PVC is produced from feedstock that is renewable and more importantly, biodegradable has also contributed to the increase in demand for bio PVC across the globe, and this demand for bio-based PVC is expected to increase further in the coming years.
The preference of most industries such as food processing, and packaging has shifted towards bio-based polymers in order to attain their goals of sustainable development. This factor is also expected to drive the growth of the global market significantly.
What restraints growth in this market?
The uncertainty in the supply of needed feedstock in the manufacturing of PVC is a hindrance faced by vendors. The feedstock crisis is due to heavy demand from the food industry as the feedstock is the same for both PVC and food production segments.
The high price of raw feedstock is likely to affect the average marginal profit of the firm. The major threat these market companies are facing is the shift towards HDPE pipes. The shortage of PVC resin is likely to hinder the growth of this sector. The rise in raw material prices is affecting the marginal profit of these firms.
The penetration of alternative pipe materials such as polyesters, and elastomers may deter the demand for this market. The construction industry is better coping with the impact of Covid- 19 than other industries. Plastic is seen as an alternative to PVC which is likely to affect this market.
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Segment wise Insights
Injection blow and thermoforming are widely used methods in the processing of PVC material. The single-use containers and bags are made out of these processing ways likely to grow in the forecast period.
Based on the application the market is dominated by the use of making agricultural films due to their resistance and rigidity. Bags, bottles, and containers are the second dominant applications in this industry and are likely to gain growth in the forecast period.
On the basis of the end-use industry, the demand for this market is driven majorly by the construction sector. Moreover, the plastic and polymer section is likely to gain traction in the forecast period. The consumer electronics sector is anticipated to drive the demand for bio-based PVC in upcoming years owing to the rise in the worldwide population.
Regional Outlook
Asian markets are set to gain traction in the forecast period. China and India are densely populated countries. The growth of the population in these countries will lead to the growth of the construction industry in these countries. The plastic industry has also shown significant growth in these countries in recent years.
“The Asia Pacific led by China and Japan dominates the market in terms of production.”
China is one of the prominent regions in the global bio-based PVC market. Japan also has some of the prominent players in the global bio-based PVC market. However, as a consequence of a significant concentration of industries that consume bio-based PVC in China, East Asia is expected to hold a significant share of the global bio-based PVC market in terms of consumption volume. East Asia is followed by other regions such as North America and Europe which have a considerable demand for bio-based polymers such as bio-based PVC.
North America region has shown significant growth in the construction industry in recent years. The plastic industry in the region is also growing moderately. The growth of these two industries in North America is expected to drive the market for Bio-based PVC in the coming years. Middle East region has been showing good growth in the construction industry.
The growth of the construction industry is expected to provide a platform for the growth of the market in the region. The market in the APAC region is expected to grow as the growth of the construction industry in the region is moderate. APAC also has a growing plastic industry, which is also expected to help in the growth of sales of Bio-PVC.
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Recent developments
The Bio-based PVC industry is anticipated to rise in terms of the number of players in the industry. Local manufacturers tend to gain a major advantage over international companies. Companies in this industry are focusing on the high performance and durability of pipes. Collaboration and mergers are preferably used strategies by the market players intended to increase the geographical expansion of business.
Technological advantage and product innovation are likely to give the edge to competitors in the industry. The key players in this market are- Solvay, Bio-Plastic Solutions, LLC, BiologiQ, Inc., Trinseo, Proviron, Green Dot Bioplastics, Carnegie Fabrics, LLC, Nomaco, Plastic Extrusion Technologies, AFI Licensing LLC, Presco, ENSO Plastics, Neste.
- Bio Plastics Solutions have introduced BioEdge a PVC range for office edgebanding. This intends to avoid the use of chemicals and oil that are harmful. The manufacturing of PVC is no longer dependent on these chemicals. The material of BioEdge is made from sugarcane or corn. This is considered a green solution by the company into bio solutions.
Bio-Based PVC Market: Segmentation
-
By Processing Method :
- Fiber extrusion
- Injection blow molding
- Injection molding
- Lamination
- Thermoforming
- Others
-
By Applications :
- Agriculture films
- Bags
- Blisters
- Bottles and canisters
- Caps and closures
- Containers and bins
- Cosmetics
- Fibers
- Others
-
By End-use :
- Building and Construction
- Transportation and Packaging
- Electricals and Electronics
- Textiles
- Others
-
By Region:
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Western Europe
- Germany
- Italy
- France
- U.K
- Spain
- Eastern Europe
- Poland
- Russia
- Asia Pacific
- China
- India
- ASEAN
- Australia
- New Zealand
- Japan
- Middle East and Africa
- GCC
- S. Africa
- N. Africa
- North America
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Processing Method
- 6.2. Applications
- 6.3. End-Use
- 7. Global Market Analysis and Forecast, By Processing Method
- 7.1. Fiber extrusion
- 7.2. Injection blow molding
- 7.3. Injection molding
- 7.4. Lamination
- 7.5. Thermoforming
- 7.6. Others
- 8. Global Market Analysis and Forecast, By Applications
- 8.1. Agriculture films
- 8.2. Bags
- 8.3. Blisters
- 8.4. Bottles and canisters
- 8.5. Caps and closures
- 8.6. Containers and bins
- 8.7. Cosmetics
- 8.8. Fibers
- 8.9. Others
- 9. Global Market Analysis and Forecast, By End-Use
- 9.1. Building and Construction
- 9.2. Transportation and Packaging
- 9.3. Electricals and Electronics
- 9.4. Textiles
- 9.5. Others
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Processing Method, Applications, and End-Use for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Solvay
- 20.2. Bio-Plastic Solutions, LLC
- 20.3. BiologiQ, Inc.
- 20.4. Trinseo
- 20.5. Proviron
- 20.6. Green Dot Bioplastics
- 20.7. Carnegie Fabrics, LLC
- 20.8. Nomaco
- 20.9. Plastic Extrusion Technologies
- 20.10. AFI Licensing LLC
- 20.11. Presco
- 20.12. ENSO Plastics
- 20.13. Neste
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Processing Method
Table 3: Global Market US$ Mn Forecast by Applications
Table 4: Global Market US$ Mn Forecast by End-Use
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Processing Method
Table 7: North America Market US$ Mn Forecast by Applications
Table 8: North America Market US$ Mn Forecast by End-Use
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Processing Method
Table 11: Latin America Market US$ Mn Forecast by Applications
Table 12: Latin America Market US$ Mn Forecast by End-Use
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Processing Method
Table 15: Western Europe Market US$ Mn Forecast by Applications
Table 16: Western Europe Market US$ Mn Forecast by End-Use
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Processing Method
Table 19: Eastern Europe Market US$ Mn Forecast by Applications
Table 20: Eastern Europe Market US$ Mn Forecast by End-Use
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Processing Method
Table 23: East Asia Market US$ Mn Forecast by Applications
Table 24: East Asia Market US$ Mn Forecast by End-Use
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Processing Method
Table 27: South Asia & Pacific Market US$ Mn Forecast by Applications
Table 28: South Asia & Pacific Market US$ Mn Forecast by End-Use
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Processing Method
Table 31: MEA Market US$ Mn Forecast by Applications
Table 32: MEA Market US$ Mn Forecast by End-Use
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Processing Method
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Processing Method
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Processing Method
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Processing Method
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Processing Method
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Processing Method
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Processing Method
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Processing Method
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the rate of growth anticipated in this research for the market?
The market is likely to grow with a CAGR of 4% in the forecast period.
Who are the key players in the industry?
The key players in this market are- Solvay, Bio-Plastic Solutions, LLC, BiologiQ, Inc., Trinseo, Proviron, Green Dot Bioplastics, Carnegie Fabrics, LLC, Nomaco, Plastic Extrusion Technologies, AFI Licensing LLC, Presco, ENSO Plastics, Neste.
Which regions dominate Bio-based PVC?
East Asian countries like China and Japan have the highest prominent players in this market during the forecast period.
What are the drivers of demand for the market referred under this research?
The industrial shift to use bio-based polymers for achieving their sustainability goals is driving the growth of the Bio-based PVC market.
Bio-Based PVC Market