Polyvinyl Chloride (PVC) Procurement Intelligence
Procurement of PVC benefits buyers from several end-use sectors, such as construction, packaging, automotive, electronics, and healthcare, due to its versatility and abundant applications in these sectors. The global market size was estimated at USD 54.6 billion in 2023. In 2023, APAC dominated the industry, comprising 38% of the global market share in 2023. Countries such as India, China, and Japan are the key contributors to APAC’s growth, prompting supply chain managers to foster their strategies. Key driving factors for other regions, such as North America and Europe, include the substantial presence of key players and technological advancements in manufacturing. Moreover, this is an important material in shock-absorbing automotive components, and sales of automobiles in the aforesaid regions are forecasted to rise exponentially during the next few years.
In 2024, the PVC industry has been significantly impacted by challenges such as raw material price volatility,prohibited usage in green buildings, intense competition from steel and concrete pipes, and health hazards. For instance, the prices of key raw materials used in the production of this commodity, including ethylene and chlorine, are witnessing market fluctuations due to geopolitical tensions, supply chain disruptions, and changes in energy prices. Moreover, green building certifications such as LEED (Leadership in Energy and Environmental Design) and other sustainable building standards are increasingly restricting the use of this commodity due to environmental and health concerns.
Order your copy of the Polyvinyl Chloride (PVC) category procurement intelligence report 2024-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Polyvinyl Chloride (PVC) Sourcing Intelligence Highlights
- This market consists of a fragmented landscape, with the players engaged in intense competition.
- Owing to the availability of substitutes, buyers have substantial bargaining power and the flexibility to switch to alternative suppliers.
- China, India, and Vietnam are preferred as low-cost or best-cost countries for sourcing due to their low costs of raw materials, cheap labor costs, inexpensive equipment cost, and high domestic production volume.
- The key components of the cost structure include raw materials (such as ethylene and chlorine), labor, equipment, energy, packaging, transportation, and other costs. Other costs include RD, rent and utilities, compliance, general and administrative, sales and marketing, and taxes.
List of Key Suppliers
- Arkema S.A.
- Formosa Plastics Corporation
- INEOS AG
- KEM ONE SAS
- LG Chem, Ltd.
- Mitsubishi Chemical Group Corporation
- Occidental Petroleum Corporation
- Shin-Etsu Chemical Co., Ltd.
- Sinochem Holdings Corporation Ltd.
- Solvay S.A.
- Westlake Corporation
- Xinjiang Zhongtai Chemical Co., Ltd.
Browse through Grand View Research’s collection of procurement intelligence studies:
- Advertising Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
- Graphite Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
- Heat Exchanger Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
Polyvinyl Chloride (PVC) Procurement Intelligence Report Scope
- Polyvinyl Chloride (PVC) Category Growth Rate : CAGR of 3.9% from 2023 to 2030
- Pricing Growth Outlook : 5% - 10% increase (Annually)
- Pricing Models : Cost-plus pricing, volume-based pricing, demand-based pricing, competition-based pricing
- Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
- Supplier Selection Criteria : Geographical service provision, industries served, years in service, employee strength, revenue generated, key clientele, regulatory certifications, product type (unplasticized / chlorinated / molecularly-oriented / modified), product source (chemical-based / bio-based), delivery mode (offline / online), customer service, lead time, and others
- Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
- Market Intelligence involving – market size and forecast, growth factors, and driving trends
- Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
- Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
- Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
