Southeast Asia Recycled PVC Market 2024 – 2033

Reports Description

According to Custom Market Insights (CMI), The Global Southeast Asia Recycled Polyvinyl Chloride Market Size was valued at USD 386.88 million in 2021 and is expected to reach USD 408.9 million in 2022 is estimated to reach USD 563.15 million by the end of 2030 at a CAGR of approximately 5.53% during the forecast period 2022-2030.

Southeast Asia recycled polyvinyl chloride is the most widely used plastic globally. The recycling method involves two processes named mechanical recycling and feedstock recycling. The PVC is ground in small particles and cleaned, and then particles can be remelted and remolded with or without fresh material to generate new material.

Global Southeast Asia recycled polyvinyl chloride market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities; thereby increasing the production capacity of Southeast Asia recycled polyvinyl chloride thus, driving the market growth by catering to the need for Southeast Asia recycled polyvinyl chloride in various end-use industries.

Growth Factors

Recycled PVC is extensively used in the automotive industry to increase safety and reduce injury in case of impact. In response to this, increasing automobile production is likely to boost the overall demand for the PVC market. For instance, according to a report published by for India Brand Equity Foundation in July 2022, India’s annual production of automobiles in FY22 was 22.93 million. These factors are expected to enhance the demand for the PVC market during the forecast period.

Moreover, increasing demand from the building & construction sector is one of the key factors responsible for the growth of the global recycled PVC market. Polyvinyl chlorides are used extensively in architectural applications for window coverings, flooring, cables, pipes, etc. For instance, according to an article published by Invest India in the year July 2022, the construction industry is expected to reach $1.4 trillion by 2025. These factors are augmented to create the most lucrative opportunities for the growth of the recycled PVC market.

Southeast Asia’s recycled polyvinyl chloride market is driven by urbanization, an increase in disposable income, and government initiation and investment in the recycling process of polyvinyl chloride plastics, thereby increasing the market growth in upcoming years. 

Additionally, the increasing infrastructure spending and a rising number of government initiatives, such as smart cities in the construction sectors, are fueling the growth of the construction industry. Moreover, the growing popularity of green buildings across the globe is anticipated to propel the growth of the construction industry further, which, in turn, is anticipated to fuel the demand for recycled polyvinyl chloride during the forecast period.

Southeast Asia Recycled Polyvinyl Chloride Market Segmentation

Segmented By Type

Depending upon the type, Southeast Asia recycled polyvinyl chloride market is segmented into post-industrial recycled PVC and post-consumer recycled PVC.

The post-industrial recycled PVC type segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 72%. The post-industrial recycled PVC is plastic scrap generated as waste from industrial processes, and it is reused in the same material. Post-industrial recycled PVC finds application in various end-use industries. In addition, the region has a good presence in the electronics and automotive sectors, due to which the demand for post-industrial recycled PVC has escalated. These factors are anticipated to increase the overall demand for recycled PVC in the upcoming years.

Furthermore, the post-consumer recycled polyvinyl chloride segment is expected to show a significant growth rate during the forecast period. It consists of PVC recycled from solid PVC waste and extensively used in the manufacturing process of cables, windows, pipes, and others.

Segment based on Application

Based on application, the global Southeast Asia recycled polyvinyl chloride market is studied across the packaging, cables, building & construction, pipes and fitting, electrical & electronics, automotive, and others. It is expected that the global packaging industry segment to hold a dominant position during 2022 -2031 and holds 39% of the total share. 

The packaging industry is growing at a rapid pace in Singapore. For instance, according to an article published by EIN Presswire in November 2019, the packaging industry is expected to grow at 4.2% CAGR during the forecast period. In addition, recycled PVC has excellent organoleptic properties which do not impart taint or taste to foodstuffs owing to which it is extensively used in the packaging industry. 

The recycled PVC is predominantly used in the automotive industry, where the glass comprises a protective interlayer that increases safety and reduces light transmission. These factors may be one of the key drivers responsible for Southeast Asia’s recycled polyvinyl chloride growth during the forecast period. 

Furthermore, the building and construction and electronics & electrical segments are expected to create the most lucrative opportunities for Southeast Asia countries for the recycled polyvinyl chloride market. The rapid industrialization, globalization, and growing demand for building and construction activity in the Philippines, Vietnam, Indonesia, Thailand, and many others will enhance Southeast Asia recycled polyvinyl chloride market. It is extensively used in building and construction activities for flooring, roofing, pipes, cables, and window profiles. These factors are expected to increase the overall demand for the market in the upcoming years. 

Moreover, Thailand offers great investment potential as a leading automotive production base in the Association of Southeast Asian Nations (ASEAN). For instance, according to an article by ASEAN BRIEFING in May 2018, the Thai automobile and auto parts industry accounts for nearly 12% of Thailand’s economic growth. The recycled PVC is predominately used in auto components where recycled PVC acts as an excellent source of shock absorbent in the vehicle thus, helps in reducing injury in the case of accidental incidents. 

Report Scope

Regional Insights

Region-wise, the market is studied in the Southeast Asia region. Country Involves Singapore, Philippines, Vietnam, Thailand, Myanmar, and others. 

Singapore has accounted for 35% of the total share during the forecast period. This is attributed to the growing electronics and automotive sector escalating the demand for recycled PVC. The growing consumption of electronics and auto components is anticipated to create PVC scraps which are further used in PVC productions. These factors are projected to increase the potential sales of recycled PVC during the outlook period. 

In addition, the growing demand for consumer products has surged the growth of the industrial sector in Malaysia, where recycled PVC is used in the manufacturing of toys, bottles, sports materials, and other decorative products. For instance, according to a report published by the Department of Statistics Malaysia, the manufacturing sector output based on a year-on-year comparison increased by 0.6% in August 2021. These factors create new avenues for the market to grow during the forecast period.

Key Players 

• Veolia
• SUEZ
• PT. Rejeki Adigraha
• D.C.L. Plastic Co., Ltd.
• Global Plastics Center Co., Ltd.
• Withaya Intertrade Co., Ltd.
• Dong Phat Plastics
• CÔNG TY TNHH SẢN XUẤT THƯƠNG MẠI ĐỆ NHẤT
• TIN THANH PLASTIC MANUFACTURING – TRADING CO., LTD.
• Tran Thanh Phat
• Poland Utama PT
• Pt. Production Recycling Indonesia
• K K Asia (HK) Ltd
• Taiplas Recycle Co., Ltd. 

COVID-19 Analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses to lives and the economy around the globe. 

Southeast Asia recycled polyvinyl chloride market has had a negative impact due to the COVID-19 pandemic. Owing to the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020. 

However, Southeast Asia recycled polyvinyl chloride market faced several difficulties with material supply chain disruptions, and labor shortages, in 2020. 

Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward the construction sector. Also, several Southeast Asia recycled polyvinyl chloride-based product manufacturing companies have shut down or shrunk their operations due to the risk of infection among the workforce. 

This has temporarily hampered the demand and supply chain of Southeast Asia’s recycled polyvinyl chloride market. In addition, the falling income of customers has led contraction in demand for glasses, building and construction materials, and others during the COVID-19 period.  

In the first quarter of 2021, the market for Southeast Asia recycled polyvinyl chloride has experienced significant growth due to an increase in the demand for Southeast Asia recycled polyvinyl chloride chemicals in the automotive, building and construction, architectural, and other end-use industries in Singapore, Vietnam, Thailand, and many others are expected to recover in 2021 compared to that in 2020.

Key market segments

By Type

• Post-industrial Recycled PVC
• Post-consumer Recycled PVC

By Application  

• Packaging
• Cables
• Building & Construction
• Pipes and fitting
• Electrical & Electronics
• Automotive
• Other

On the basis of Geography

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific