Product Code: ETC255204 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India PVC paste resin market import shipment demonstrated a robust growth trend with a CAGR of 14.3% from 2020 to 2024. However, there was a notable slowdown in growth between 2023 and 2024, with a negative growth rate of -13.1%. The market expansion stabilized towards the end of the period.
The India PVC paste resin market is a significant segment of the plastics and polymer industry. PVC paste resin is used in various applications, including PVC coatings, adhesives, and artificial leather. The market is driven by factors such as the growth of the construction and automotive sectors, the popularity of PVC-based products, and the demand for high-performance coatings and adhesives. The preference for eco-friendly and lead-free PVC formulations also contributes to the market`s growth. Manufacturers in this market focus on providing high-quality and versatile PVC paste resins that meet industry standards and comply with environmental regulations.
The India PVC paste resin market is driven by several key factors. Firstly, the growth of the construction and real estate sectors in the country has led to increased demand for PVC paste resin as a key material for manufacturing flexible PVC products, including cables, hoses, and flooring materials. PVC paste resin offers versatility and ease of processing, making it suitable for various applications. Secondly, the expanding automotive and packaging industries further fuel the demand for PVC paste resin for applications such as automotive interiors and packaging films. The market`s growth is also influenced by technological advancements in PVC paste resin manufacturing, leading to high-quality and sustainable products.
The India PVC paste resin market faces challenges that impact its growth and market dynamics. One significant challenge is the competition from alternative materials, such as plasticizers and thermoplastics, which offer different properties and processing advantages. Manufacturers and suppliers of PVC paste resin need to focus on product innovations and performance enhancements to meet diverse market demands and applications. Additionally, the impact of environmental regulations and sustainability concerns on plastic materials can influence the demand for PVC paste resin in certain applications. Emphasizing the recyclability and sustainable production of PVC paste resin can help address environmental concerns. Moreover, the market`s reliance on imports and the availability of high-quality PVC paste resin can impact the growth of domestic manufacturers. Strengthening research and development capabilities and collaborating with global suppliers can enhance the availability of high-quality PVC paste resin in India. The market also faces challenges related to cost fluctuations of raw materials, such as ethylene and vinyl chloride monomer, which can impact the production cost and pricing of PVC paste resin.
The PVC paste resin market witnessed variations in demand due to disruptions in the construction and automotive sectors. However, the market found applications in consumer goods and packaging industries.
The India PVC paste resin market is served by companies specializing in chemical manufacturing and polymers. Some prominent players include Chemplast Sanmar Limited, DCW Limited, INEOS Styrolution India Limited, and Kaneka India Pvt. Ltd. These companies offer PVC paste resin used in various applications, including coatings, adhesives, and artificial leather. Their focus on product quality, consistency, and compliance with industry standards has made them key players in the PVC paste resin market in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Pvc Paste Resin Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Pvc Paste Resin Market Revenues & Volume, 2021 & 2031F |
3.3 India Pvc Paste Resin Market - Industry Life Cycle |
3.4 India Pvc Paste Resin Market - Porter's Five Forces |
3.5 India Pvc Paste Resin Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Pvc Paste Resin Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Pvc Paste Resin Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from the construction industry in India |
4.2.2 Increasing use of PVC paste resin in automotive applications |
4.2.3 Favorable government regulations promoting the use of PVC paste resin in various sectors |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Environmental concerns related to PVC products leading to regulatory challenges |
5 India Pvc Paste Resin Market Trends |
6 India Pvc Paste Resin Market, By Types |
6.1 India Pvc Paste Resin Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Pvc Paste Resin Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Pvc Paste Resin Market Revenues & Volume, By Micro Suspension Method, 2021-2031F |
6.1.4 India Pvc Paste Resin Market Revenues & Volume, By Emulsion Method, 2021-2031F |
6.2 India Pvc Paste Resin Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Pvc Paste Resin Market Revenues & Volume, By Plastic Floor, 2021-2031F |
6.2.3 India Pvc Paste Resin Market Revenues & Volume, By Artificial Leather, 2021-2031F |
6.2.4 India Pvc Paste Resin Market Revenues & Volume, By Paint and Coatings, 2021-2031F |
6.2.5 India Pvc Paste Resin Market Revenues & Volume, By Wallpaper, 2021-2031F |
6.2.6 India Pvc Paste Resin Market Revenues & Volume, By Automotive Sealing, 2021-2031F |
7 India Pvc Paste Resin Market Import-Export Trade Statistics |
7.1 India Pvc Paste Resin Market Export to Major Countries |
7.2 India Pvc Paste Resin Market Imports from Major Countries |
8 India Pvc Paste Resin Market Key Performance Indicators |
8.1 Number of new construction projects utilizing PVC paste resin |
8.2 Percentage increase in PVC paste resin consumption in the automotive sector |
8.3 Adoption rate of PVC paste resin in new applications such as packaging and healthcare industries |
9 India Pvc Paste Resin Market - Opportunity Assessment |
9.1 India Pvc Paste Resin Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Pvc Paste Resin Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Pvc Paste Resin Market - Competitive Landscape |
10.1 India Pvc Paste Resin Market Revenue Share, By Companies, 2024 |
10.2 India Pvc Paste Resin Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |