North America Polyvinyl Chloride (PVC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

2021-12-27 21:09:51 By : Mr. TOM WONG

North America Polyvinyl Chloride Market was valued at USD 4,688 million in 2020 and is expected to grow at a CAGR of 4. 90% during the forecast period. The market was negatively affected by COVID-19 in 2020.

New York, Nov. 03, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "North America Polyvinyl Chloride (PVC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" - Owing to the pandemic scenario, the countries in the region went into lockdown to curb the spreading of the virus, which negatively impacted the market. Various end-user industries such as building and construction, electrical and electronics, automotive, and others were badly affected due to supply chain disruption, work stoppages, and labor shortages. However, the condition is expected to recover in 2021, which is likely to restore the growth trajectory of the market studied during the forecast period. Key Highlights - Over the medium term, major factors driving the market studied are the increasing use of plastics in the construction industry and increasing applications in the healthcare industry. - On the flip side, hazardous impacts on humans and the environment and the negative impact of the COVID-19 pandemic are expected to hinder the growth of the market studied majorly. - Polyvinyl chloride recycling is likely to act as an opportunity in the future. Key Market Trends Growing Demand from the Construction Industry - PVC pipes have been used in building and construction for over 60 years, as they offer valuable energy saving during production, low-cost distribution, and a safe, maintenance-free lifetime of service. These pipes are widely used for pipeline systems for water, waste, and drainage as these pipes suffer no build-up, scaling, corrosion, or pitting, and they provide smooth surfaces reducing energy requirements for pumping. - PVC flooring has several benefits, such as durability, freedom of aesthetic effects, ease in installation, ease to clean, recyclability, etc. Thus, its flooring is used over the years. Another area in the building and construction industry where PVC is used is in roofing; it is used mainly due to its low maintenance requirements and as it lasts more than 30 years. - In the North American region, the construction industry is expected to witness moderate growth, supported by single-family roads and bridges, and institutional construction expected in the coming years. In the United States, Southern and Western regions are the key regions for growth, with Nevada, Texas, and New Mexico leading the growth prospects. In Canada, the overall construction industry is expected to resume its growth in the forecast period, supported by a rebound in non-building construction. - Canada’s Construction industry was undergoing high growth over the past decade, with about 50 skyscrapers being built in major cities, including Toronto, Vancouver, and Calgary. However, it has seen a decline in the recent past, with the total value of residential permits decreased by about 13.1% to reach a total of CAD 4.6 billion (~USD 3.27 billion) revenue in March 2020. - However, the Canadian government is in a positive view to tackle the COVID-19 outbreak and maintain its economy in a stable manner by making necessary fiscal adjustments in the fastest possible way. Various government projects, such as New Building Canada Plan (NBCP) and Affordable Housing Initiative (AHI), are supporting the sector’s growth. The construction industry in Canada is expected to recover by 2021 and is estimated to post moderate growth over the forecast period, which, in turn, will influence the demand in the market studied over the forecast period. - Furthermore, the Mexican government announced a huge investment plan of almost 42 billion to boost the growth of the construction sector and economy over the period of 2020-2024. - All the aforementioned factors are expected to increase the demand for polyvinyl chloride over the forecast period. United States to Dominate the Market Growth - The United States is one of the world’s largest and most powerful economies. The economy’s growth rate was 2.3% in 2017, which increased to 3% in 2018. Further, in 2019, the GDP growth was about 2.2%, i.e., 0.8% lower than 2018. - However, GDP of the country declined to -3.5% in 2020, severely impacted by the COVID-19 pandemic. The drastic outbreak of COVID-19 in the country has led to a downfall in the economic growth, owing to a fall in consumer spending and business shutdowns. According to IMF forecasts, country’s GDP is expected to grow to 6.4% in 2021 as the country recover from the pandemic situation. - According to the US Census Bureau, the total residential housing units authorized by building permits in March 2020 were at a seasonally adjusted annual rate of 1,353,000, representing 5% growth over the March 2019 rate of 1,288,000. The total number of privately?owned housing starts in March 2020 was at a seasonally adjusted annual rate of 1,216,000, representing 1.4% growth over the March 2019 rate of 1,199,000. - The United States is the second-largest automotive manufacturer after China, producing 10.89 million vehicles in 2019. The sector’s production has registered a growth of 3.8% in 2015. The growth slowed down to 0.8% in 2016 due to excess inventory and low demand for passenger cars. Furthermore, automotive production decreased by 8.13% in 2017 but witnessed a 1.1% growth in 2018. However, the production tanked again in 2019, witnessing a decline of about 3.7%. - The country produced 8.82 million vehicles in 2020, which declined by 19% from 10.89 million vehicles produced in 2019. Furthermore, the production of vehicles in the country was 47,32,820 units in the first half of 2021, which increased by 36% compared to H1 2020. The production of automotive in H1 2021 was much lower compared to H1 2019 by around 17%. The automotive production is far from the pre-covid levels and is likely to impact the market studied during the forecast period. - However, the United States is the second-largest market for electric vehicles. Electric Vehicles sales rose by 80% in the United States in 2018, mainly driven by the market launch of the standard version of the Tesla Model 3. However, this growth slowed in 2019 owing to several factors. One of the reasons is the gradual phaseout of the federal fiscal tax credit in January and July 2019. The US sales for the year 2021 declined by 7% or 12,400 units. - All the above-mentioned factors, in turn, are expected to show a significant impact on the market studied during the forecast period. Competitive Landscape The North American polyvinyl chloride market is consolidated among the top five players. The top companies have been focusing on providing better materials for various end-user industries. Major manufacturers of North America PVCs are Formosa Plastics Corporation, Shin-Etsu Chemical Co., Ltd., Westlake Chemical Corporation, Occidental Petroleum Corporation, and Orbia (Mexichem SAB de CV). Additional Benefits: - The market estimate (ME) sheet in Excel format - 3 months of analyst support Read the full report: About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________

What happened Shares of Novavax (NASDAQ: NVAX) were sinking 9.6% as of 11:47 a.m. ET on Monday. The company didn't announce any new developments. So what's behind the big decline? Other vaccine stocks aren't falling nearly as much.

After revealing a new sedan last week, rumors are swirling around the EV maker's next big announcement.

Semiconductor giant Advanced Micro Devices (NASDAQ: AMD) stock is up a solid 5.7% as of 2:05 p.m. ET Monday -- the first trading day after the Christmas break. All year long, companies that build things that need semiconductors to run them -- which, at this point in history, means everything from PCs to cellphones to cars to kids' toys -- have struggled to get enough semiconductors to manufacture all the products that their customers want to buy. On the one hand, constrained chip supplies mean semiconductor makers can charge more money for their chips -- but only if they have enough manufacturing capacity to make those chips in the first place.

The Santa Claus rally is off to the best start in over 20 years and historically that bodes well for the entire seasonal period, Dow Jones data show.

Apparently, the woman was listed on a bank account and his bitcoin account — totalling over $50,000 at the time of his death. Typically, joint bank accounts are able to avoid probate. Thus, the financial institutions should be notified of your husband’s passing, and of your existence.

On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive (NASDAQ: RIVN) reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release.

Advanced Micro Devices opened higher on Monday and almost immediately gave us the rotation we were looking for. Now, I know new all-time highs by year-end sounds like a stretch — and it won't be easy — but all we need from here is a 7% rally.

If you have $100 at the ready not needed for bills or emergencies and a brokerage that allows fractional share purchases, you have enough to buy into the following pair of no-brainer stocks right now. Palantir Technologies (NYSE: PLTR) is the Liam Neeson of data analytics stocks: It has a very particular set of skills that were acquired over a very long career. The U.S. military is also a prime customer, using Palantir's technology to coordinate millions of troops around the world.

Shares of Bridgebio Pharma (NASDAQ: BBIO), a clinical-stage biotechnology company, are getting crushed after the company reported a disappointing trial failure. Acoramidis is an experimental treatment that stabilizes a transport protein called transthyretin before it breaks up and leads to heart damage. Bridgebio Pharma stock is tanking today because a phase 3 trial with acoramidis and transthyretin mediated cardiomyopathy (ATTR-CM) patients suggests it doesn't improve outcomes nearly as well as the competition.

S3 Partners Managing Director Ihor Dusaniwsky joins Yahoo Finance Live to review the 2021 performances of notable meme and short seller stocks.

Innovation stocks have entered “deep value territory,” Wood says.

Shares of Meta Platforms (NASDAQ: FB), the recently renamed Facebook, jumped on Monday. The stock's gain is likely being driven both by a pretty bullish day for the overall stock market on Monday and reports that Meta Platforms' Oculus virtual reality (VR) headset may have been a blockbuster hit this holiday season. The popularity of the Meta Platforms app for the Oculus VR goggles suggests that the headset could have been one of this holiday season's most popular gifts.

BridgeBio Pharma said Monday its Pfizer-rivaling heart disease drug failed in a late-stage test — and BBIO stock crashed to a record low.

The drugmaker says its acoramidis trial for ATTR-CM treatment didn't meet primary endpoints, sending the stock plummeting.

Investing in stocks can be a risky endeavor. Buying a stock does not guarantee an investor a return on that investment. For that matter, it does not even guarantee an investor a return of their initial investment.

With a market cap of $1.3 billion and trailing revenue of 47.2 million Canadian dollars ($36.5 million), Sundial is neither profitable nor rapidly growing. Let's consider one argument in favor of buying Sundial stock and one argument against it to determine if it's a good choice to add to your portfolio. Alex Carchidi: Though it's a risky stock to be sure, Sundial's turnaround story is on the verge of bearing fruit.

Yahoo Finance crypto reporter David Hollerith explains the rise in the fifth-largest cryptocurrency and why Solana could be poised to gain even more in 2022.

Shares of Nvidia (NASDAQ: NVDA) popped on the first trading day after Christmas, up 4.1% as of 12:35 p.m. ET today. There's not a whole lot of news to explain today's pop, but Nvidia stock is most likely moving in response to an optimistic article forecasting tech attractions in 2022. In an article this morning on, the author predicts that Nvidia will launch its next generation of graphics chips, beginning with the Nvidia RTX 4080, sometime toward the end of 2022, and that it will be "the most powerful GPU in the range," and better than anything in the 30-Series line.

2021 was a mixed bag for the renewable energy industry, but investors should stay focused on the companies in this space that have what it takes to be winners over the long haul.

Nvidia GPUs power self-driving cars and cloud gaming, with the chip giant also expanding fast into the metaverse. Is Nvidia stock a buy?