According to a market research report, the “PVC Recycling Market by Source (Pre-consumer Waste, Post-consumer Waste), Type (Rigid, Flexible, Chlorinated), Process (Mechanical, Chemicals), Application, End-use Industry (Building, construction), and Region – Global Forecast to 2028″, The PVC recycling market is projected to reach USD 4.9 Billion by 2028, at a CAGR of 8.0% from USD 3.3 Billion in 2023. The PVC recycling market is mainly driven by the demand for PVC recycling in various end-use industries, including building, construction, & infrastructure, electrical, automotive, consumer goods, and agriculture. Moreover, it is also driven by rapidly developing and emerging economies such as India, China, and Japan.
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- 290 Market data Tables
- 40 Figures
- 242 Pages and in-depth TOC on “PVC Recycling Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The key global players in the PVC recycling market include DS Smith (UK), Adama Plastics (US), Reclaim Plastics (Canada), Suez (France), Veolia (France), Veka Recycling (UK), Simplas PVC Recycling (UK), WRC Recycling (Scotland), Morris Recycling (UK), and Dekura (Germany) are the key players in the PVC recycling market.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the PVC Recycling Market.
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Recent Developments in PVC Recycling Market
- In Feburary2020, LyondellBasell and SUEZ, a world leader in environmental services, announced the acquisition of TIVACO, a plastics recycling company located in Blandain, Belgium. The company will become part of Quality Circular Polymers (QCP). This will increase the production capacity for recycled materials to approximately 55,000 tons per year.
- In November 2020, SUEZ announced the sale of its recycling & recovery operations in Sweden to PreZero, the environmental division of Schwarz Group. The transaction enabled a solid future for the business and its employees within PreZero, a fast-growing division of the largest European retailer and a pioneer in the area of recyclables.
- In December 2020, SUEZ announced the opening of the SUEZ Circular Polymer Plant in Bang Phli, Thailand – the Group’s first plastic recycling plant in Asia. The project highlights SUEZ’s commitment to preserving the natural capital and building a more sustainable future while contributing to Thailand’s ambitious 2030 target to achieve 100% plastic recycling.
SIMPLAS PVC RECYCLING – Simplas PVC Recycling is one of the leading PVC recycling service providers and manufacturers in the US, specializing in the recycling of scrap plastic materials, primarily post-industrial UPVC waste, PET plastic, and mixed plastics. Simplas PVC Recycling offers a comprehensive range of services, such as granulation, shredding, wash plant facilities, toll granulation of PVC and plastic materials, and color sorting services. The company has the capacity to process over 500 tons of PVC waste per month and create custom-designed products to meet their customers’ specific requirements.
VEOLIA – Veolia is one of the largest providers of environmental services, operating in different divisions such as waste management, water management, energy, and related services. Veolia’s Waste division operates in more than 40 countries and provides waste collection, transport, treatment, and disposal services. The company operates a dedicated PVC recycling facility in France, which is capable of recycling up to 500 tons of PVC waste per year. This facility is equipped with a range of advanced technologies, including mechanical sorting and granulation, separation and washing, and extrusion processes.
Asia Pacific is expected to be the fastest growing market for PVC recycling during the forecast period, in terms of value and volume.
The Asia Pacific markets are experiencing robust expansion, and this growth trajectory is expected to persist throughout the forecasted period. The PVC recycling industry is being propelled by significant industrial advancements underway in emerging economies like India, China, and Japan. Among these nations, China is anticipated to dominate the market in the region., accounting for more than 50% of the regional demand for PVC recycling, followed by Japan, India, and South Korea.
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