Medical-Grade PVC: Market Growth in Healthcare Sector
The global polyvinyl chloride (PVC) market is on a robust growth trajectory, with its size estimated to reach USD 70,156.2 million in 2024 and projected to climb to a significant USD 100,115.7 million by 2034 , expanding at a Compound Annual Growth Rate (CAGR) of 3.6% . This substantial growth is primarily driven by the booming construction industry, with increasing infrastructure development, urbanization, and the ongoing need for renovation and maintenance of existing structures worldwide. PVC, a highly versatile and cost-effective material, finds extensive applications across numerous end-use industries, including construction, electrical, healthcare, and automotive. Its affordability, ease of processing, and inherent durability make it a preferred choice over many alternatives. Manufacturers are increasingly focusing on creating sustainable PVC formulations by utilizing bio-based plasticizers or recycled materials, enhancing its appeal among eco-conscious consumers. Innova...