The PVC market size maintains rapid growth and the industry competition landscape is relatively fragmented.

Polyvinyl chloride, referred to as PVC in English, is a polymer polymerized by vinyl chloride monomer (VCM) with initiators such as peroxides and azo compounds or under the action of light and heat according to the free radical polymerization reaction mechanism. . There are various types of polyvinyl chloride. According to different polymerization methods, it can be divided into suspension polyvinyl chloride, emulsion polyvinyl chloride, bulk polyvinyl chloride, and solution polyvinyl chloride. According to different physical properties and chemical structures, it can be divided into rigid polyvinyl chloride. Ethylene, flexible PVC, emulsion PVC, double-wall corrugated PVC, etc.

The upstream of the polyvinyl chloride industry chain is the supply of raw materials and production equipment such as ethylene, vinyl chloride, ethylene dichloride, and polymerization reactors; the midstream is the production of various subdivided products; the downstream is widely used in construction, packaging, automobiles, and home appliances , medical equipment, wires and cables and other fields.

With the continuous development of my country’s economy, the continuous improvement of national living standards, the continuous development of smart home appliances, new energy vehicles and other industries, the continuous acceleration of urbanization and the continuous improvement of social infrastructure construction, the domestic PVC market has maintained a rapid growth trend in recent years. , the industry has good development prospects. In 2018, my country’s polyvinyl chloride market size was approximately 120 billion yuan. In 2022, the market size will exceed 210 billion yuan, with a compound annual growth rate of approximately 15% from 2018 to 2022. Affected by high market demand, rising labor costs, and advancements in production technology, the average domestic polyvinyl chloride market price has generally shown an upward trend in recent years, rising from about 10,500 yuan/ton in 2017 to about 14,500 yuan/ton in 2022. .

According to the “China PVC Project Investment Feasibility Research Report 2023-2027” released by the Industrial Research Center, in environmental protection policies With continuous advancement, the “dual carbon” strategy is gradually implemented, and the government’s supervision of high-pollution and energy-consuming industries continues to strengthen, the domestic polyvinyl chloride production process continues to be optimized and improved, backward production capacity gradually withdraws from the market, the industry development level continues to improve, and output and demand have maintained a growth trend. In 2022, my country’s polyvinyl chloride production will be approximately 24 million tons, and the demand will be approximately 23 million tons.

There are currently a large number of domestic polyvinyl chloride manufacturers. Due to the variety of products and wide range of applications, it is difficult for a single company to occupy a large market share, and the industry competition landscape is relatively fragmented. As environmental protection supervision becomes increasingly strict and market competition continues to intensify, the process of mergers and reorganizations in the PVC industry will gradually accelerate, and the degree of concentration is expected to further increase. At this stage, the main domestic PVC manufacturers include Zhongtai Chemical, Junzheng Group, Beiyuan Group, Sanyou Group, etc.

Industry analysts said that with the continuous development of the domestic economy, the scale of construction, packaging, new energy vehicles and other industries continues to expand, and polychloride Ethylene market demand will continue to grow. In the context of increasing social awareness of environmental protection and increasing competition in the industry, domestic polyvinyl chloride manufacturers need to continuously improve their R&D and innovation capabilities, increase investment in environmental protection, improve production processes, and promote the development of the industry in a high-quality direction.