PVC compounds also known as a dry blend are based on the combination of the PVC and additives that give the formulation necessary for the end-use application. The convention in recording the additive concentration is based on parts per hundred of the PVC resin (phr). The compound is generated by intimately mixing together the ingredients, which is subsequently converted into the gelled article under the influence of heat (and shear).
Depending on the type of PVC and additives, the compound prior to gelation, can be a free-flowing powder/dry blend or a liquid in the form of a paste or solution. PVC compounds can be formulated for flexible materials using plasticisers, called PVC Plasicized Compounds and for rigid application without plasticizer called UPVC compound.
The global plastics market size was valued at USD 522.66 billion in 2017. It is poised to expand at a CAGR of 4.0% during the forecast period. Increasing plastic consumption in the construction, automotive and electrical & electronics industries is projected to support market growth over the forecast period. Regulations to decrease gross vehicle weight to improve fuel efficiency and eventually reduce carbon emissions have promoted the use of plastics as a substitute to metals, including aluminum and steel, for manufacturing of automotive components.
The growth of the construction industry in emerging markets such as Brazil, China, India, and Mexico has been instrumental in fueling the demand for plastics during 2015 and 2016. The growth of the market can be attributed to increased foreign investment in these domestic construction markets, as a result of easing FDI norms and requirements for better public and industrial infrastructure.
Indian plastics industry is emerging as one of the fastest growing global markets with 12% growth rate. By 2020, plastics consumption of the country is expected to increase from the current 12 million metric tonnes per annum (MMTPA) to 20 MMTPA.
The centre of gravity is rapidly shifting to India as the country offers huge opportunities for the global plastics industry. India is the world’s next plastic destination by virtue of both, its sheer size and tremendous growing domestic demand. The industry is likely to play a significant role in helping government to achieve its goal to raise exports to $900 billion by 2020. The export of plastics finished goods is expected to nearly double from $ 7.9 billion currently to $15 billion in next 5 years.
