PVDC Resins and PVDC Latex Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The market for PVDC resins in 2018 to 2022 was driven by the increased demand from the food packaging industry, which continues to rely heavily on PVDC’s protective barrier properties. The packaging sector's growth, particularly in emerging economies, fueled this demand. Additionally, the pharmaceutical industry began exploring PVDC's advantages in preventing moisture and oxygen from compromising the quality of drugs. On the other hand, PVDC latex, which is primarily used in coatings and adhesives, witnessed slower yet steady demand growth in comparison. Environmental regulations and the push for more eco-friendly solutions have led to growing concerns over the use of PVDC, which in turn may lead to market fluctuations over the next decade.
As we transition into the market forecast for 2023 to 2033, several factors will shape the future of PVDC resins and latex. Sustainability will play a critical role, as the industry faces increasing pressure to develop greener, more environmentally friendly alternatives. Biodegradable packaging solutions are becoming more popular, and companies are actively investing in research to create PVDC-based materials that align with these trends. The demand for PVDC resins is expected to remain stable in the food packaging sector, though there may be a slight decline as more eco-friendly materials gain traction. The pharmaceutical sector will continue to drive demand for PVDC resins, particularly in the development of drug packaging that extends shelf life and maintains drug potency.
The future of PVDC latex looks promising as well, with innovations in coatings and adhesives leading to increased applications. However, regulatory challenges related to environmental impact and the rise of sustainable alternatives could limit the expansion of the PVDC latex market. The demand for these products will depend on balancing the need for performance with the industry’s ongoing focus on reducing environmental footprints.
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The global PVDC resins and PVDC latex market experienced significant growth from 2018 to 2022. Demand for these materials surged as industries recognized their potential in various applications, especially in packaging, coatings, and barrier films. PVDC, or polyvinylidene chloride, is known for its excellent moisture, gas, and aroma barrier properties, making it an ideal choice for food packaging, pharmaceutical applications, and other critical uses. During this period, both PVDC resins and latex saw a steady rise in adoption across different sectors. However, as we move into the period from 2023 to 2033, the market is expected to experience a shift in demand trends and dynamics, influenced by emerging technologies, sustainability concerns, and new consumer preferences.
Dow
Kureha
Asahi Kasei
Juhua Group
Solvay
Nantong SKT
Keguan Polymer
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global PVDC Resins and PVDC Latex Market
Food Packaging and Wrap
Pharmaceuticals Packaging
Unit Packaging for Hygiene and Cosmetic Products
Sterilized Medical Packaging
Others
Based on Types the Market is categorized into Below types that held the largest PVDC Resins and PVDC Latex market share In 2023.
PVDC Resins
PVDC Latex
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global PVDC Resins and PVDC Latex Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global PVDC Resins and PVDC Latex Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global PVDC Resins and PVDC Latex Market, By Type
6. Global PVDC Resins and PVDC Latex Market, By Application
7. Global PVDC Resins and PVDC Latex Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global PVDC Resins and PVDC Latex Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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