growth in plastic production is driving the PVC Sheet Market
Technavio analyzes that the PVC Sheet Market is expected to grow at a CAGR of 4.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1002.7 million.There are various factors that contribute to the growth of the market. The PVC sheet market has experienced significant growth in tandem with the increasing production of plastic materials. Plastic production has witnessed a steady upward trend due to its versatility and cost-effectiveness, making it a preferred choice in various industries. The demand for PVC sheets, specifically, has surged due to their durability, resistance to weather conditions, and ease of maintenance. This growth trajectory is expected to continue, as PVC sheets find increasing applications in construction, transportation, packaging, and other sectors.
In the global PVC sheet market, Rigid PVC holds a substantial share due to its robustness, chemical resistance, and adaptability to diverse industrial applications. Notably, this material's rigidity and strength make it an ideal choice for the construction sector, where it functions as a viable alternative to rubber and wood. Key applications of Rigid PVC in construction encompass siding, window frames, and plumbing tubing. Its resistance to acids, salts, and other corrosive substances significantly increases the material's longevity and dependability, particularly in challenging conditions such as sewage systems. Rigid PVC is typically available in white, gray, or clear hues, but can be custom-colored to cater to specific design or functional needs. This versatility is a significant advantage in sensitive markets.
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PVC Sheet Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The PVC sheet market caters to various industries, including medical and healthcare, home furnishing, building and construction, transport, and sustainable sectors. Products range from rigid and semi-rigid sheets for construction activities, to eco-friendly and chlorine-free options made from biomass-based materials. Transparent, opaque, and semi-transparent sheets are available in various forms like calendared, extruded, and laminated. Applications include outdoor uses, medical equipment, textiles, industrial processes, and model making. Additionally, lead-free and heavy metal-free PVC sheets are used for wall claddings, structural composites, and foam sheets.
The global building products market encompasses businesses producing building components such as windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. The expansion of the global building products market is attributed to several key drivers, including the burgeoning construction sector. In both developed and developing economies, the construction industry is experiencing significant growth, fueled by the demand for infrastructure development in response to urbanization and the necessity to address healthcare needs in emerging markets. This trend is driving the development of residential and healthcare facilities, consequently boosting the demand for building products and materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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