Global PVC Recycling Market Size By Process (Chemical, Mechanical), By Application (Construction, Wires And Cables), By Region, And Segment Forecasts, By Geographic Scope And Forecast 2022 to 2032

Industry: Chemicals & Materials

RELEASE DATE Dec 2023
REPORT ID SI3181
PAGES 200
REPORT FORMAT PathSoft

Global PVC Recycling Market Insights Forecasts to 2032

  • The Global PVC Recycling Market Size was valued at USD 0.4 Billion in 2022
  • The Market Size is growing at a CAGR of 10.1% from 2022 to 2032
  • The Worldwide PVC Recycling Market Size is expected to reach USD 0.9 Billion by 2032
  • Asia Pacific Market is expected to grow the fastest during the forecast period

 

Global PVC Recycling Market

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The Global PVC Recycling Market Size is expected to reach USD 0.9 Billion by 2032, at a CAGR of 10.1% during the forecast period 2022 to 2032.

 

Growing in popularity as environmental concerns do is the PVC recycling market, which is a fascinating industry. Polyvinyl chloride, or PVC, is a common plastic used in garments, pipes, cables, and packaging, among other things. PVC recycling is essential for lowering the environmental impact of both its manufacture and disposal. In the PVC recycling market, PVC materials are gathered, processed, and used to make new goods. By doing this, plastic trash can be kept out of landfills, resources can be preserved, and less virgin PVC can be produced. Among the techniques used in PVC recycling are mechanical, chemical, and feedstock recycling. The increasing awareness of sustainable practises among consumers and companies alike is a positive development. Opportunities for innovation and investment in recycling technology arise as the demand for recycled PVC rises. This is advantageous for the environment as well as for a more responsible and cyclical usage of plastic.

 

PVC Recycling Market Value Chain Analysis

Post-consumer or post-industrial PVC trash collection is the first step in the collection process. This may originate from manufacturing waste, end-of-life products, or building sites. After it has been collected, PVC waste is classified according to its type, colour, and other attributes. Sorted and clean material is necessary for efficient recycling. The PVC waste is taken to recycling facilities after it has been sorted. To reduce the recycling process's negative environmental effects, efficient transportation is essential. Pre-treatment procedures, such as cleaning, shredding, and grinding, are applied to the collected PVC. The material is now ready for additional processing. The pre-treated PVC is melted and then processed again into pellets or granules in mechanical recycling. New PVC goods can then be made using this material. Afterwards, recycled PVC acquired via chemical or mechanical recycling is utilised to create new goods including flooring, cables, pipes, and other PVC-based products. The recycled PVC goods are supplied to different marketplaces and merchants, where customers and companies can buy them. The recycled PVC items can wind up back in the garbage stream after their useful lives. However, the collection and reintegration of PVC into the recycling loop is made possible by a well-established recycling infrastructure.

 

PVC Recycling Market Opportunity Analysis

The need for sustainable practises and increased awareness of environmental issues around the world are creating a positive climate for the PVC recycling market. Businesses can benefit from this awareness by emphasising the recycled PVC items' eco-friendliness. Recycled PVC has a market opportunity due to the growing demand across industries for sustainable and recycled products. Companies may meet this need by providing premium recycled PVC materials for a range of uses. The idea of a circular economy—one in which resources are recycled and used again in a closed loop—is gaining popularity. PVC recycling companies can position themselves as supporters of a more sustainable and circular approach by taking part in circular economy initiatives. Opportunities are created by governmental and private sector investments in recycling infrastructure, R&D, and awareness campaigns.

 

Global PVC Recycling Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 0.4 Billion
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:10.1%
2032 Value Projection:USD 0.9 Billion
Historical Data for:2018-2021
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Application, By Region, By Geographic Scope
Companies Covered: Dekura, DS Smith, Morris Recycling, Adams Plastics, WRC Recycling, Reclaim Plastics, Simplas PVC Recycling, Suez, Veka Recycling, Veolia, Palm Commodities International LLC, and Other Key Vendors.
Growth Drivers:Growing packaging industry in PVC Recycling Market growth
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Market Dynamics

PVC Recycling Market Dynamics

Growing packaging industry in PVC Recycling Market growth

Recycled and sustainable packaging materials are in greater demand as environmental issues gain more attention. When it comes to packaging, recycled PVC satisfies this need by providing a practical and environmentally responsible substitute. PVC recyclers can supply sustainable packaging solutions by working with packaging manufacturers. This collaboration may result in the creation of novel and eco-friendly packaging materials. Restrictions encouraging recyclable and environmentally friendly packaging are being implemented in many areas. By promoting their recycled PVC materials as compliant and eco-friendly options for packaging applications, PVC recyclers can profit from these restrictions. Packaging industry stakeholders and PVC recyclers can collaborate to create packaging solutions that are recyclable. In addition to addressing environmental issues, this supports the objectives of a circular economy.

 

Restraints & Challenges

Contaminants including non-PVC elements are frequently included in PVC waste, which can make recycling more difficult. The quality of recycled PVC is impacted by contamination, which may also restrict its uses. Some areas lack an effective infrastructure for collecting PVC trash. Inadequate mechanisms for collecting PVC make it difficult to have a steady and adequate supply for recycling. Certain types of PVC trash may not be processed as efficiently by current recycling processes. Technological innovations in recycling are required to overcome these constraints and raise overall productivity. Market expansion may be hampered by a lack of knowledge about the advantages and viability of PVC recycling among customers, companies, and even within sectors. To spread recycling practises and raise awareness, educational programmes are required.

 

Regional Forecasts

North America Market Statistics

North America

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North America is anticipated to dominate the PVC Recycling Market from 2023 to 2032. North American governments have the authority to enact policies and provide financial incentives to encourage recycling, including PVC recycling. Businesses may be encouraged to invest in PVC recycling infrastructure via grants, funding, and tax breaks. The expansion of the PVC recycling market depends on the construction of an effective infrastructure for collection and recycling. A stronger recycling ecosystem is a result of investments made in recycling facilities and technologies. The market is changing as a result of consumer awareness and demand for sustainable products. Consumers in North America are becoming more and more interested in products that contain recycled materials, such as PVC that has been recycled. Because the packaging sector in North America uses a lot of PVC, there may be a market for recycled PVC in packaging applications. The increasing popularity of sustainable packaging solutions presents prospects for PVC that has been recycled.

 

Asia Pacific Market Statistics

Asia Pacific is witnessing the fastest market growth between 2023 to 2032. In the Asia-Pacific area, consumers' knowledge of environmental issues is growing. Recycled PVC items may be accepted more widely if people grow more aware of their influence on the environment. Asia-Pacific's packaging market is growing as a result of rising e-commerce and shifting consumer preferences. The PVC recycling market has an opportunity as a result of this increase, especially in the creation of environmentally friendly packaging options. The PVC recycling market in Asia-Pacific is expanding due in large part to technological innovation in recycling. Research & development expenditures can result in recycling procedures that are more productive and economical. A more sustainable PVC recycling ecosystem exists in Asia-Pacific because to investments in recycling infrastructure, which includes facilities for sorting, processing, and manufacturing with recycled PVC.

 

Segmentation Analysis

Insights by Process

Chemicals segment accounted for the largest market share over the forecast period 2023 to 2032. When it comes to recycling, chemical recycling is more closed-loop than typical mechanical recycling. It has the ability to degrade PVC into its monomers, which can then be utilised to create fresh PVC without suffering a major loss in quality. Beyond conventional PVC products, the raw materials obtained by chemical recycling can be employed in a variety of end-use applications. The chemical process segment has potential for expansion, which is enhanced by this variety of applications. Chemical recycling provides a different approach to PVC recycling, even though mechanical recycling is still a major technique. The overall capacity for PVC recycling can be increased and reliance on mechanical recycling can be lessened with the rise of the chemical process segment.

 

Insights by Application

Construction segment accounted for the largest market share over the forecast period 2023 to 2032. Recycled PVC is in demand in the construction industry due to the growing emphasis on sustainable construction methods and materials. Recycled PVC is a good fit for the eco-friendly alternatives that builders and developers are looking for. As environmental issues gain more public attention, building businesses are being forced to implement eco-friendly practises. The use of recycled PVC in construction can be a selling feature for projects aiming to attract eco-aware customers. The market for building supplies manufactured from recycled materials is expanding. Utilising recycled PVC in building materials such as flooring, window frames and pipes satisfies this need while also supporting environmentally friendly building techniques.

 

Recent Market Developments

  • In September 2021, PreZero received SUEZ's blazoned environmental recovery activities. The sale made it possible for the company and its employees to have a secure future within PreZero, a rapidly expanding segment of the biggest European retailer and a pioneer in the recyclables industry.

 

Competitive Landscape

Major players in the market

  • Dekura
  • DS Smith
  • Morris Recycling
  • Adams Plastics
  • WRC Recycling
  • Reclaim Plastics
  • Simplas PVC Recycling
  • Suez
  • Veka Recycling
  • Veolia
  • Palm Commodities International LLC

 

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2032.

 

PVC Recycling Market, Process Analysis

  • Chemical
  • Mechanical

 

PVC Recycling Market, Application Analysis

  • Construction
  • Wires And Cables

 

PVC Recycling Market, Regional Analysis

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

Frequently Asked Questions (FAQ)

  • 1. What is the market size of the PVC Recycling Market?
    The Global PVC Recycling Market is expected to grow from USD 0.4 Billion in 2023 to USD 0.9 Billion by 2032, at a CAGR of 10.1% during the forecast period 2023-2032.
  • 2. Who are the key market players of the PVC Recycling Market?
    Some of the key market players of market are Dekura, DS Smith, Morris Recycling, Adams Plastics, WRC Recycling, Reclaim Plastics, Simplas PVC Recycling, Suez, Veka Recycling, Veolia.
  • 3. Which segment holds the largest market share?
    The construction segment holds the largest market share and is going to continue its dominance.
  • 4. Which region is dominating the PVC Recycling Market?
    North America is dominating the PVC Recycling Market with the highest market share.

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