U.S. Polyvinyl Chloride (PVC) Market Faces Dual Challenges of Tariffs and Economic Pressures

According to global energy and chemical industry market information service provider IHS Markit, the U.S. polyvinyl chloride (PVC) market is expected to grow by 1% to 3% by 2025. However, it is facing challenges due to the dual impact of tariffs imposed by the Trump administration and a sluggish U.S. economy. In the fourth quarter of last year, new PVC production capacity was brought online, and the operating rate of facilities has remained high, resulting in sustained high inventory levels for PVC at the beginning of this year. At the same time, due to the weak U.S. economy, the real estate market is confronted with challenges from high housing prices and high borrowing costs. As a major end market for PVC, the sluggish real estate market has also led to a decrease in PVC demand. Additionally, the export market is facing challenges from protectionist trade policies.