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.
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.
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
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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.
Prominent players operating in the global suspension polyvinylchloride resin market include:
- Westlake Chemical
- Reliance Industries Limited
- Formosa Plastics
Global Suspension Polyvinylchloride Resin Market: Research Scope
Global Suspension Polyvinylchloride Resin Market, by Application
- Building & Construction
- Consumer Goods
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.