PVC Emulsion Global Market Report 2025

PVC Emulsion Market Overview

• PVC Emulsion market size has reached to $3.26 billion in 2024

• Expected to grow to $4.17 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%

• Growth Driver: Rise Of Construction Industry To Drive Market Growth

• Market Trend: Product Innovations Transforming The PVC Emulsion Market

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under PVC Emulsion Market?

PVC emulsion is a small particle powder containing very little free monomer of polyvinyl chloride. It is used in the manufacturing of artificial leathers, toys, flooring, coatings, mastic for the automotive and construction sectors, and others.

The main types of PVC emulsion are micro-suspension, micro-seeded, and others. Micro-suspension refers to the commercial production of PVC emulsion in which polymerization of vinyl chloride is converted into polyvinyl chloride and it is used in the manufacturing of toys, gloves, synthetic leather, mastic for the construction and automotive industries, floor and wall coverings, and others. It is used in various applications such as flooring and wall covering, fabric coating, synthetic leather manufacturing, automotive mastic and sealants, printing inks and adhesives, surface coating, and others.

What Is The PVC Emulsion Market Size 2025 And Growth Rate?

The PVC emulsion market size has grown steadily in recent years. It will grow from $3.26 billion in 2024 to $3.37 billion in 2025 at a compound annual growth rate (CAGR) of 3.3%. The growth in the historic period can be attributed to advancements in polymer chemistry, cost-effectiveness of PVC emulsion compounds, application in niche markets, advantages in noise reduction, stability, and durability properties.

What’s The Trade War Impact On Chemicals Industry?

The intensifying U.S. tariffs and escalating trade tensions in spring 2025 are expected to have a significant impact on the chemicals sector, which is bearing a disproportionate burden, particularly from tariffs on petrochemicals and intermediates, where affordable domestic substitutes are often unavailable. Producers of specialty chemicals, heavily dependent on Chinese raw materials, are experiencing production disruptions. At the same time, fertilizer manufacturers are seeing profit margins eroded due to tariffs on phosphate imports. In response, companies are ramping up R&D into bio-based alternatives, forming procurement alliances to consolidate buying power, and shifting production to tariff-neutral nations such as Saudi Arabia.

How Is The PVC Emulsion Market Segmented?

1) By Type: Micro Suspension, Micro Seeded, Other Types

2) By Application: Flooring And Wall Covering, Fabric Coating, Synthetic Leather Manufacturing, Automotive Mastic And Sealants, Printing Inks And Adhesives, Surface Coating, Other Applications

Subsegments:

1) By Micro Suspension: General-Purpose Micro Suspension PVC, Specialty Micro Suspension PVC

2) By Micro Seeded: High-Performance Micro Seeded PVC, Standard Micro Seeded PVC

3) By Other Types: Foam PVC Emulsion, Copolymer PVC Emulsion, Blended PVC Emulsion

What Is Driving The PVC Emulsion Market? Rise Of Construction Industry To Drive Market Growth

The expansion in the construction sector is significantly contributing to the growth of the PVC emulsion market going forward. The construction sector refers to the sector involved in production and trade that focuses on creating, maintaining, and repairing infrastructure. PVC emulsions in construction are used in the coating of construction materials to provide a barrier to oxygen, moisture, and anti-corrosion properties. Additionally, it is utilized in the production of false ceilings due it its flexibility, conducive bending, and lightweight properties. For instance, in July 2024, according to the US Census Bureau, a US-based government agency, the value of construction operations rose from $2.01 trillion in May 2023 to $2.14 trillion in May 2024. Therefore, expansion in the construction sector is driving the growth of the PVC emulsion industry.

What Is Driving The PVC Emulsion Market? Rising Expansion Of Packaging Industry To Drive Market Growth

The increasing expansion of packaging industry is expected to propel the growth of PVC emulsion market going forward. The packaging industry refers to the sector of the economy that is involved in the design, production, and distribution of packaging materials and solutions used to contain, protect, and present products to consumers. PVC emulsion is favored for its affordability, durability, and barrier properties, making it suitable for a wide range of products, including those in the consumer goods and e-commerce sectors. The material's versatility and ability to support innovative packaging designs contribute to its increasing adoption. For instance, in September 2023, according to the Flexible Packaging Association, a US-based trade association, in 2022 the U.S. flexible packaging industry achieved sales of $41.5 billion, reflecting the growing demand for versatile and sustainable packaging solutions across various sectors. Therefore, the increasing expansion of packaging industry is driving the growth of PVC emulsion industry.

Who Are The Major Players In The Global PVC Emulsion Market?

Major companies operating in the PVC emulsion market include Chemplast Sanmar Limited, Finolex Industries Limited, SCG Chemicals Co Ltd., Kaneka Corporation, Formosa Plastics Corporation, VESTOLIT GmbH & Co KG, Vinnolit GmbH & Company KG, LG Chem Ltd., RusVinyl LLC, Vinythai Public Company Limited, Nissin Chemical Industry Co Ltd., INEOS Group Limited, Solvay SA, Arkema SA, Asahi Kasei Corporation, BASF SE, Celanese Corporation, China General Plastics Corporation, Dow Chemical Company, DuPont de Nemours Inc., Eastman Chemical Company, Ercros SA, Hanwha Chemical Corporation, INOVYN ChlorVinyls Limited, KEM ONE SAS

What Are The Key Trends Of The Global PVC Emulsion Market? Product Innovations Transforming The PVC Emulsion Market

Product innovation is the key trend gaining popularity in the PVC emulsion market. Major companies operating in the PVC emulsion market are focused on innovative products to sustain their position. For instance, in October 2022, Westlake Vinnolit, a Germany-based company operating in polyvinyl chloride resins introduced GreenVin PVC, a bio-attributed PVC based on renewable ethylene. GreenVin bio-attributed PVC is created using renewable electricity and renewable ethylene from biomass. Additionally, GreenVin bio-attributed PVC releases 90% less CO2 during production as compared to traditionally produced Vinnolit PVC.

What Are The Key Trends Of The Global PVC Emulsion Market? Innovative Flame-Resistant PVC Emulsion Wires Reshaping The Market

Major companies operating in the PVC emulsion market are developing new products such as, insulated single core wires, to sustain their position in the market. Insulated single-core wires are part of a type of electrical cable that consists of a single conductor or wire insulated in an external coating layer. For instance, in September 2023, Panasonic Holdings Corporation, a Japan-based electronics company launched Copapro FR, an insulated Single Core wire designed to cater to diverse wiring needs for both residential and industrial use. The wire incorporates a flame-resistant (FR) molecule in its PVC insulation, enabling self-extinguishing properties when the fire source is removed. RoHS compliant, the product is environmentally friendly, providing protection against termites and rodents due to the PVC insulation's chemical composition. With high insulation resistance, it meets IS 694 specifications, ensuring safety and minimal leakage current. The COPAPRO-FR wire is further distinguished by increased flexibility through extra annealing, simplifying conduit laying. Crafted with premium PVC materials, COPAPRO-FR PVC promises durability, longevity, and outstanding performance, providing a reliable and safe wiring solution.

PVC Emulsion Market Merger And Acquisition: Sherwin-Williams Acquires AquaSurTech To Strengthen Coating Solutions In Vinyl/PVC Building Products

In February 2022, Sherwin-Williams, a US-based manufacturing company, acquired AquaSurTech for an undisclosed amount. The aim of Sherwin-Williams' acquisition is to enhance its position as a leading provider of coating solutions in the building products market, particularly within the fast-growing vinyl/PVC building products industry. AquaSurTech is a Canada-based manufacturing company that specializes in developing, manufacturing, and selling environmentally friendly coatings.

Regional Analysis For The Global PVC Emulsion Market

North America was the largest region in the PVC emulsion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the PVC emulsion market during the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the PVC Emulsion Market?

The PVC emulsion market consists of sales of PVC-U unplasticized PVC), C-PVC (chlorinated PVC), PVC-O (molecular-oriented PVC) and modified PVC. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the PVC Emulsion Industry?

The pvc emulsion market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the pvc emulsion industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.