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The global construction PVDC resins & PVDC latex market is expected to reach a substantially large market size in 2027 and register a high CAGR over the forecast period. Industry analysis indicates that rising demand for construction PVDC resins & PVDC latex in various applications is driven by changing market trends, which are expected to support industry growth as well as market growth over the forecast period.
PVDC (polyvinylidene chloride) resins and PVDC latex is one of the first polymers that was commercialized. Due to their vapor permeability, the two materials are largely used in packaging of consumer goods and manufacture of food, especially in areas where resistance to moisture is of utmost importance. VDC (vinylidene chloride) is a key raw material used to manufacture PVDC resins and PVDC latex. PVDC resins and PVDC latex are widely used for food packaging, unit packaging for cosmetic and hygiene products, pharmaceutical packaging, and some sterilized packaging and non-packaging applications. Key applications of PVDC resins and PVDC latex in the food packaging industry include packaging of poultry, cured meat, Cheese, snack foods, tea, coffee, and confectionaries.
Revenue from the PVDC resins & PVDC latex market increased at a considerably high pace in the last few years and the trend is expected to continue over forecast period due to the rise in demand for packaging of various products. Prices of PVDC resins and PVDC latex had declined significantly in 2015. After the price drop, revenues from the PVDC resins & PVDC latex market had increased significantly. Demand for PVDC resins and PVDC latex is expected to rise considerably in the near future and the existing competitors are expected to gain a higher market share in the next few years.
The North America market accounts for the largest revenue share in the global PVDC resins & PVDC latex market, owing to growth of the packaging industry in the region. Europe, China and Japan are key consumers of PVDC resins and PVDC latex. In Europe, countries such as Germany, the U.K., and France are some of the major importers of PVDC resins and PVDC latex. Growth of the food packaging industry and improvement in the living standards of consumers are key factors driving growth of the PVDC resins & PVDC latex market in the Asia Pacific region.
The report consists of forecasts for the PVDC resins & PVDC latex market at the global, regional, and country levels. The report contains analysis of trends in each segment of the market for the period from 2017 to 2027.
For this study, Reports and Data has segmented the PVDC resins & PVDC latex market based on type and application as follows.
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Want to curate the report according to your business needs
Report Description + Table of Content + Company Profiles