Polyvinylidene Chloride Resins Market Overview

Polyvinylidene chloride (PVDC) is a transparent and thermoplastic polymer. It is also known as Saran, and is a highly functional and versatile polymer used in various applications due to its excellent barrier properties. PVDC is known for its resistance to oxygen, water vapor, and other gases, making it an excellent choice for packaging applications.

The global Polyvinylidene Chloride Resins Market size was valued at USD 1.5 billion in 2020 and is expected to grow at a CAGR of 4.2% during the forecast period of 2021 to 2028. The growing demand for PVDC resins in the packaging industry is expected to drive market growth during the forecast period.

Meaning of Polyvinylidene Chloride Resins

PVDC resins are used in various applications such as food packaging, medical packaging, and construction due to their high barrier properties. PVDC resins are thermoplastic polymers that are widely used to provide barrier protection to packaging materials.

Executive Summary

The Polyvinylidene Chloride Resins Market is expected to witness significant growth during the forecast period due to the increasing demand for PVDC resins in various applications such as packaging, construction, and medical devices. The market is expected to grow at a CAGR of 4.2% during the forecast period of 2021 to 2028. The Asia Pacific region is expected to dominate the market due to the growing demand for PVDC resins in the packaging industry.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The key market insights for the Polyvinylidene Chloride Resins Market are as follows:

• The global Polyvinylidene Chloride Resins Market size was valued at USD 1.5 billion in 2020 and is expected to grow at a CAGR of 4.2% during the forecast period of 2021 to 2028.
• The packaging segment is expected to dominate the market due to the high demand for PVDC resins in the food and beverage industry.
• The Asia Pacific region is expected to dominate the market due to the growing demand for PVDC resins in the packaging industry.
• The key players in the market include Dow Chemical Company, Solvay SA, Kureha Corporation, SK Innovation Co. Ltd., and SABIC.

Market Analysis

The Polyvinylidene Chloride Resins Market is expected to witness significant growth during the forecast period due to the increasing demand for PVDC resins in various applications such as packaging, construction, and medical devices. The market is expected to grow at a CAGR of 4.2% during the forecast period of 2021 to 2028.

The packaging segment is expected to dominate the market due to the high demand for PVDC resins in the food and beverage industry. PVDC resins are widely used in food packaging as they offer excellent barrier protection against oxygen, water vapor, and other gases, which helps in preserving the freshness and quality of food products. The medical devices segment is also expected to witness significant growth due to the increasing demand for PVDC resins in medical packaging applications.

The Asia Pacific region is expected to dominate the market due to the growing demand for PVDC resins in the packaging industry. The region is witnessing significant growth in the food and beverage industry, which is driving the demand for PVDC resins in the region.

The key players in the market include Dow Chemical Company, Solvay SA, Kureha Corporation, SK Innovation Co. Ltd., and SABIC. These companies are focusing on product development, partnerships, and acquisitions to strengthen their position in the market.

The key drivers of the Polyvinylidene Chloride Resins Market are as follows:

1. Growing Demand for PVDC Resins in the Packaging Industry: The packaging industry is witnessing significant growth due to the increasing demand for packaged food and beverages. PVDC resins are widely used in food packaging applications as they offer excellent barrier protection against oxygen, water vapor, and other gases, which helps in preserving the freshness and quality of food products. The growing demand for packaged food and beverages is driving the demand for PVDC resins in the packaging industry.
2. Increasing Demand for PVDC Resins in Medical Packaging Applications: PVDC resins are widely used in medical packaging applications as they offer excellent barrier protection against oxygen and other gases, which helps in preserving the efficacy and sterility of medical devices. The increasing demand for medical devices is driving the demand for PVDC resins in medical packaging applications.
3. Growing Demand for PVDC Resins in Construction: PVDC resins are also used in construction applications as they offer excellent barrier protection against moisture and other environmental factors. The growing demand for construction materials is driving the demand for PVDC resins in the construction industry.

Market Restraints

The key restraints of the Polyvinylidene Chloride Resins Market are as follows:

1. Availability of Substitutes: PVDC resins face competition from other materials such as ethylene vinyl alcohol (EVOH), polyethylene terephthalate (PET), and polypropylene (PP), which offer similar barrier properties at a lower cost. The availability of substitutes is expected to restrain the growth of the PVDC resins market.
2. Environmental Concerns: PVDC resins are non-biodegradable and can have a negative impact on the environment. The growing concerns regarding the environmental impact of PVDC resins are expected to restrain the growth of the market.

Market Opportunities

The key opportunities in the Polyvinylidene Chloride Resins Market are as follows:

1. Increasing Demand for Renewable and Sustainable Packaging: The growing demand for renewable and sustainable packaging materials is expected to create opportunities for PVDC resins. PVDC resins can be used in combination with other materials to create sustainable packaging solutions.
2. Growing Demand for PVDC Resins in Emerging Markets: The emerging markets such as India, China, and Brazil are witnessing significant growth in the packaging industry, which is driving the demand for PVDC resins in these regions. The growing demand for PVDC resins in these regions is expected to create opportunities for market growth.

Market Dynamics

The Polyvinylidene Chloride Resins Market is influenced by various factors such as market drivers, restraints, opportunities, and trends. The growing demand for PVDC resins in the packaging industry and medical packaging applications is driving the market growth. The availability of substitutes and environmental concerns are expected to restrain the growth of the market. The growing demand for renewable and sustainable packaging and PVDC resins in emerging markets is expected to create opportunities for market growth.

Regional Analysis

The Polyvinylidene Chloride Resins Market is analyzed across five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is expected to dominate the market due to the growing demand for PVDC resins in the packaging industry. The region is witnessing significant growth in the food and beverage industry, which is driving the demand for PVDC resins in the region.

Competitive Landscape

Leading Companies in the Polyvinyldiene Chloride Resins Market:

1. Solvay SA
2. DOW Chemical Company
3. Mitsui Chemicals, Inc.
4. Arkema Group
5. Asahi Kasei Corporation
6. INEOS Group Holdings S.A.
7. LyondellBasell Industries Holdings B.V.
8. LG Chem Ltd.
9. The Nippon Synthetic Chemical Industry Co., Ltd.
10. Shandong Qilu Petrochemical Co., Ltd.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The Polyvinylidene Chloride Resins Market is segmented on the basis of application and region. The application segment is further divided into packaging, medical devices, construction, and others. The packaging segment is expected to dominate the market due to the high demand for PVDC resins in the food and beverage industry.

Category-wise Insights

The key category-wise insights for the Polyvinylidene Chloride Resins Market are as follows:

1. By Application

• Packaging: The packaging segment is expected to dominate the market due to the high demand for PVDC resins in the food and beverage industry.
• Medical Devices: The medical devices segment is expected to witness significant growth due to the increasing demand for PVDC resins in medical packaging applications.
• Construction: The construction segment is expected to witness moderate growth due to the growing demand for construction materials.
• Others: The others segment includes applications such as textiles, automotive, and electrical & electronics.

2. By Region

• Asia Pacific: The Asia Pacific region is expected to dominate the market due to the growing demand for PVDC resins in the packaging industry.
• North America: The North America region is expected to witness moderate growth due to the mature packaging industry in the region.
• Europe: The Europe region is expected to witness moderate growth due to the stringent environmental regulations in the region.
• Latin America: The Latin America region is expected to witness moderate growth due to the growing demand for packaged food and beverages in the region.
• Middle East & Africa: The Middle East & Africa region is expected to witness moderate growth due to the growing construction industry in the region.

Key Benefits for Industry Participants and Stakeholders

The key benefits for industry participants and stakeholders in the Polyvinylidene Chloride Resins Market are as follows:

1. Understanding of Market Dynamics: The report provides insights into the market dynamics, which helps industry participants and stakeholders understand the market trends and opportunities.
2. Identification of Key Players: The report provides a comprehensive analysis of the key players in the market, which helps industry participants and stakeholders identify the key competitors and their strategies.
3. Market Segmentation: The report provides a detailed analysis of the market segmentation, which helps industry participants and stakeholders understand the market potential for each segment.
4. Regional Analysis: The report provides a detailed analysis of the regional market, which helps industry participants and stakeholders understand the market potential in each region.

SWOT Analysis

The SWOT analysis of the Polyvinylidene Chloride Resins Market is as follows:

1. Strengths

• Excellent Barrier Properties: PVDC resins offer excellent barrier properties against oxygen, water vapor, and other gases, making them an excellent choice for packaging applications.
• Versatile Polymer: PVDC resins are a versatile polymer that can be used in various applications such as packaging, medical devices, and construction.

2. Weaknesses

• Environmental Concerns: PVDC resins are non-biodegradable and can have a negative impact on the environment.
• Availability of Substitutes: PVDC resins face competition from other materials such as EVOH, PET, and PP, which offer similar barrier properties at a lower cost.

3. Opportunities

• Growing Demand for Renewable and Sustainable Packaging: The growing demand for renewable and sustainable packaging materials is expected to create opportunities for PVDC resins.
• Growing Demand for PVDC Restions in Emerging Markets: The growing demand for PVDC resins in emerging markets such as India, China, and Brazil is expected to create opportunities for market growth.

4. Threats

• Stringent Environmental Regulations: Stringent environmental regulations regarding the use of non-biodegradable materials such as PVDC resins can have a negative impact on the market growth.
• Economic Slowdown: The economic slowdown in key markets can have a negative impact on the demand for PVDC resins.

Market Key Trends

The key trends in the Polyvinylidene Chloride Resins Market are as follows:

1. Focus on Sustainability: The market is witnessing a growing focus on sustainability, and PVDC resins are being used in combination with other materials to create sustainable packaging solutions.
2. Technological Advancements: The market is witnessing technological advancements, and companies are investing in research and development activities to improve the properties of PVDC resins.
3. Growing Demand for Medical Packaging: The market is witnessing a growing demand for PVDC resins in medical packaging applications due to the increasing demand for medical devices.

Covid-19 Impact

The Covid-19 pandemic had a mixed impact on the Polyvinylidene Chloride Resins Market. The demand for PVDC resins in the food and beverage industry increased due to the growing demand for packaged food and beverages. However, the demand for PVDC resins in the construction industry decreased due to the slowdown in construction activities.

Key Industry Developments

The key industry developments in the Polyvinylidene Chloride Resins Market are as follows:

1. In February 2021, SK Innovation Co. Ltd. announced that it would invest USD 860 million to expand its production capacity of PVDC resins in South Korea.
2. In January 2021, Solvay SA announced that it had launched a new PVDC resin grade, Solvay Ixef BM-1524, which is designed for medical device applications.

Analyst Suggestions

Companies should focus on sustainable packaging solutions by using PVDC resins in combination with other materials.

1. Companies should focus on expanding their production capacities to meet the growing demand for PVDC resins.
2. Companies should focus on partnerships and collaborations to strengthen their position in the market.

Future Outlook

The Polyvinylidene Chloride Resins Market is expected to witness significant growth during the forecast period due to the increasing demand for PVDC resins in various applications such as packaging, medical devices, and construction. The market is expected to grow at a CAGR of 4.2% during the forecast period of 2021 to 2028. The Asia Pacific region is expected to dominate the market due to the growing demand for PVDC resins in the packaging industry.

Conclusion

The Polyvinylidene Chloride Resins Market is witnessing significant growth due to the increasing demand for PVDC resins in various applications such as packaging, medical devices, and construction. The market is expected to witness significant growth during the forecast period of 2021 to 2028. The packaging segment is expected to dominate the market due to the high demand for PVDC resins in the food and beverage industry. The Asia Pacific region is expected to dominate the market due to the growing demand for PVDC resins in the packaging industry. Companies should focus on product development and innovation, sustainable packaging solutions, and partnerships to strengthen their position in the market.