PVC Sheet Market - Forecast(2024 - 2030)

Report Code: CMR 62983 Report Format: PDF + Excel

PVC Sheet Market Overview

PVC Sheet Market size is forecasted to reach a value of US$11.2 billion by the end of 2027 after growing at a CAGR of 4.2% during the forecast period 2022-2027. In the manufacturing of PVC sheets, various materials such as an elastomer, mercaptides, tetrahydrofuran, phthalates, and more are used to enhance the durability of the PVC sheets. The important benefits such as anti-aging qualities, free from cracks and bubbles, suited for a wide range of temperatures, and other advantages make them ideal for various end-use industries such as medical & healthcare, home furnishing, and more. The PVC Sheet Market is primarily driven by the growth of the building and construction industry. Moreover, the growth of the transport sector is anticipated to fuel the demand for PVC sheets. This, in turn, will drive the growth of the market in the projected forecast period of 2022-2027. 

PVC Sheet Market COVID-19 Impact 

The surge in the Covid-19 pandemic hampered the global PVC market growth in the year 2020. The imports and exports related to PVC declined due to the supply chain disruption. For instance, in 2020, the total worldwide imports of PVC were 119,025 tons, a decline of 6.9% over 2019. Moreover, in 2020, the global exports of PVC were US$10,479.2 million, a decline of 3.6% over the previous year. Thus, such a decline in the imports and exports of PVC impacted the production of PVC sheets, which resulted in a decline in the growth of the market. However, government measures were taken to restore the supply chain. This resulted in the growth of the PVC Sheet Market. Furthermore, it is anticipated that the impact of the Covid-19 pandemic will be phased out in upcoming years. This will result in the PVC sheet industry growth scenario before the Covid-19 time.

Report Coverage 

The report: "PVC Sheet Market–Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the PVC Sheet Market. 

By Type: Rigid (Type I, Type II, and Chlorinated Polyvinyl Chloride (CPVC)), Semi-Rigid, and Others 
By Colour: Black, Red, White, Grey, Green, and Others 
By Application: Flooring, Wallpaper, Window Film, Overlay Membrane, Protective Shield, Drainage Bag, Pumps, Insulator, Chemical Equipment, Packaging, and Others 
By End-Use Industry: Transport (Automotive (Passenger Vehicle (PV), Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV)), Aerospace (Commercial, Military, and Others), Marine (Cargo, Passenger, and Others), and Locomotive), Building and Construction (Residential, Commercial, and Industrial), Home Furnishing (Mat, Pillow, Curtain, Carpet, and Others), Electrical and Electronics (Computer, Smartphone, Cable, Television, and Others), Chemical, Food and Beverage (Poultry, Fruits and Vegetables, Bakery, Confectionery, and Others), Agriculture, Medical and Healthcare, and Others 
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa)) 

Key Takeaways 

  • Asia-Pacific region dominated the PVC Sheet Market, owing to the increasing construction activities in the region. For instance, according to Invest India, there is a total of 115 future construction projects which are under the planning phase in India, and the value of these projects is about US$11.63 million, these projects include the construction of hotels, and offices buildings, shopping complex, and more. 
  • The increasing adoption of sustainable PVC is encouraging the PVC manufacturers to launch eco-friendly PVC sheets, which is driving the growth of the PVC Sheet Market. 
  • Moreover, the increasing application of PVC sheets in the healthcare sector to ensure hygiene and maintenance is projected is fueling the PVC Sheet Market growth. 
  • However, the fluctuation in PVC raw material prices is expected to restrain the market growth in the coming few years.

Figure: Asia-Pacific PVC Sheet Market Revenue, 2021-2027 (US$ Million)

 For More Details on This Report - Request for Sample

PVC Sheet Market Segment Analysis – By Type 

The rigid segment held a significant share in the PVC Sheet Market in 2021 and is forecasted to grow at a CAGR of 4.4% during the forecast period 2022-2027. The properties of rigid PVC sheet such as non-flammable, superior resistance to weathering, higher dimensional stability, and more makes them highly durable. Moreover, when compared with a semi-rigid PVC sheet, it is cost-effective. Furthermore, type II and chlorinated polyvinyl chloride have stronger heat and chemical resistance, as well as improved impact resistance that is resulting in their surging adoption, which is high when compared with type I. Hence, the above-mentioned factors are resulting in the surging adoption of the rigid PVC sheet, which is benefiting the segmental growth of the rigid PVC Sheet Market. 

PVC Sheet Market Segment Analysis – By End-Use Industry 

The building and construction segment held a significant share in the PVC Sheet Market in 2021 and is forecasted to grow at a CAGR of 5.1% during the forecast period 2022-2027. The PVC sheets are utilized in the building and construction because PVC sheets can simulate hardwood and leather textures that meet a variety of aesthetic criteria. PVC flooring, which is replacing traditional tiles and is easier to install, is becoming a popular alternative for residential and commercial constructions. The economic growth, rising disposal income, and more such factors at the global are leading to a surge in the development of commercial construction projects related to hotels, shopping centers, and more. In September 2021, Pan Pacific Hotels Group started the expansion of its global pipeline with 13 new properties planned for 10 important gateway cities by 2024. The Group's inventory will be expanded by about 3,300 rooms, bringing its total to 48 hotels, resorts, and serviced apartments spread throughout 29 locations. Thus, the surging construction activities are propelling the demand for PVC sheets, which is expanding the market growth. 

PVC Sheet Market Segment Analysis – By Geography 

Asia-Pacific region is the dominating region as it holds the largest share in the PVC Sheet Market in 2021 up to 43%. Due to the rapid pace of industrialization in the Asia-Pacific region, there is a surge in the development of office buildings, residential houses, and more. The government initiatives toward residential construction, growth of the commercial sector, and more such factors are fueling the growth of the construction industry in the Asia-Pacific. For instance, In February 2021, Authorities in Bac Giang's northern region, Vietnam have established a goal of developing 20 urban zones by 2025, with infrastructural development receiving special priority. The city will accelerate the construction of some urban residential zones as well as transportation projects from 2021 to 2025. Moreover, the construction works began with an investment of US$4,335 million for the project at Zhangzhou Development Zone Shuangyu Island Secondary Development, China. The development work began in the third quarter of 2021 and is expected to be completed in the third quarter of 2025. Similarly, the Malaysian government suggested several incentives to increase homeownership in its budget for 2021. Therefore, the growth of the building and construction activities is projected to fuel the demand for PVC sheets. This, in turn, will accelerate the market growth in the upcoming years. 

PVC Sheet Market Drivers 

Growth of the Transport Sector 

The PVC sheet has properties such as lightweight, flame resident, and more. These properties are important to make the components highly durable. So, in the transport sector, PVC sheet is employed in the protective shields, inner cabinet frame, and more to ensure higher shelf life. The factors such as the growth of the logistics and supply, increasing demand for consumers, and other such factors are accelerating the growth of the transport industry. For instance, according to the OrganisationInternationale des Constructeursd'Automobiles (OICA), in 2021 the global automotive production increased to 80,154,988 units, which was about 3% higher than in 2020. Moreover, in 2020 the global passenger car production was 55,908,989 units, and in 2021 it was 57,054,295 units, an increase of about 2%. Moreover, according to airbus the widebody aircraft production in the year 2019 was 153, an increase of 59.4% over the previous year. Thus, the growth of the transport sector is boosting the demand for PVC sheets, which is driving the growth of the market. 

Rising Product Innovation Related to PVC Sheet

The PVC Sheet manufacturers are launching sustainable PVC sheets to comply with the surging restrictions, which may limit the market growth in the long run. Moreover, the growing end-user interest in eco-friendly PVC sheets is resulting in the development of new PVC sheet products. For instance, in April 2020, Achilles Corp. developed AM-01, an eco-friendly, soft PVC sheet created with biomass as a raw material. The sheet has been approved by the Japan Organics Recycling Association (JORA) with the Biomass Mark, and Achilles has utilized it to commence sales of the world's first biomass-based desk mat. Moreover, in October 2019, Vycom, a market-leading developer of highly innovative plastic sheet products, introduced its Celtec DigiLiteTM light density PVC sheets, which enable economy to maintain the the same print quality as Celtec premium signboard materials. Therefore, such new product launches related to PVC sheets are propelling the growth of the PVC Sheet Market. 

PVC Sheet Market Challenges 

Fluctuation in Raw Material Prices 

The PVC sheet has the advantages of higher strength, low cost, and more, which makes it ideal for multiple applications. Nonetheless, fluctuations in the pricing of PVC, mercaptides, tetrahydrofuran, and other materials result in additional costs to the overall cost of the PVC sheet. For instance, according to the British Plastics Federation, PVC prices rose for the seventh month in a row in January 2021, continuing their upward trend. They were propelled once more by the tight market conditions and the still-vigorous demand. As a result, PVC base material producers were able to raise prices above the comparable C2 cost increase once more. Thus, the growth of the PVC price directly impacts the overall pricing of the PVC sheet, which is projected to limit the market growth in the upcoming years.

Global PVC Sheet Industry Outlook 

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the PVC Sheet Market. PVC sheet top 10 companies are: 

  1. 3A Composites 
  2. Gurit 
  3. Diab 
  4. Armacell International S.A. 
  5. CoreLite, Inc. 
  6. Changzhou Tiansheng New Materials CO., LTD. 
  7. POTENTECH (GUANGDONG) LIMITED 
  8. Maricell S.r.l. 
  9. Novagard Solutions, Inc. 
  10. CHANGZHOU UTEK COMPOSITE CO., LTD 

Recent Developments 

  • In May 2021, Ex-Tech Plastics based in the U.S was acquired by Good Natured Products headquartered in Canada for US$14 million. The acquisition's primary goal was to expand the plastic sheet business, which comprised PVC sheets. 
  • In April 2020, Achilles Corp., based in Japan, designed the AM-01, an eco-friendly, soft polyvinyl chloride (PVC) sheet made with biomass as a raw material. 
  • In August 2019, Curbell Plastics based in the United States acquired Texas-based Nationwide Plastics, which also included the acquisition of the plastic sheets manufactured from PVC. 

Relevant Reports 

Polyvinyl Chloride (PVC) Market – Forecast (2022 - 2027) 

Report Code: CMR 1215 

Plastic Films & Sheets Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth, and Forecast 2021 - 2026 

Report Code: CMR 61011 

Rigid Plastic Packaging Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth, And Forecast 2022 - 2027 

Report Code: CMR 18558

For more Chemicals and Materials Market reports, please click here

1. PVC Sheet Market: Market Overview
    1.1 Definitions and Scope
2. PVC Sheet Market- Executive Summary 
    2.1 Key Trends by Type 
    2.2 Key Trends by Colour
    2.3 Key Trends by Application 
    2.4 Key Trends by End-Use Industry 
    2.5 Key Trends by Geography
3. PVC Sheet Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies 
    3.2 Product Benchmarking- Major Companies 
    3.4 Top 5 Financials Analysis 
    3.5 Patent Analysis- Major Companies 
    3.6 Pricing Analysis (ASPs will be provided) 
4. PVC Sheet Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment 
        4.1.2 Revenue 
        4.1.3 Product portfolio 
        4.1.4 Venture Capital and Funding Scenario 
5. PVC Sheet Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing Business Index 
    5.3 Successful Venture Profiles 
    5.4 Customer Analysis – Major companies 
6. PVC Sheet Market- Market Forces 
    6.1 Market Drivers 
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining Power of Suppliers 
        6.3.2 Bargaining Powers of Buyers 
        6.3.3 Threat of New Entrants 
        6.3.4 Competitive Rivalry 
        6.3.5 Threat of Substitutes
7. PVC Sheet Market– Strategic Analysis 
    7.1 Value/Supply Chain Analysis 
    7.2 Opportunity Analysis 
    7.3 Product/Market Life Cycle 
    7.4 Distributor Analysis – Major Companies 
8. PVC Sheet Market-By Type (Market Size –US$ Million/Billion) 
    8.1 Rigid 
        8.1.1 Type I 
        8.1.2 Type II
        8.1.3 Chlorinated Polyvinyl Chloride (CPVC) 
    8.2 Semi-Rigid 
    8.3 Others 
9. PVC Sheet Market-By Colour (Market Size –US$ Million/Billion) 
    9.1 Black 
    9.2 Red
    9.3 White 
    9.4 Grey 
    9.5 Green 
    9.6 Others 
10. PVC Sheet Market-By Application (Market Size –US$ Million/Billion) 
    10.1 Flooring 
    10.2 Wallpaper 
    10.3 Window Film 
    10.4 Overlay Membrane 
    10.5 Protective Shield 
    10.6 Drainage Bag 
    10.7 Pumps 
    10.8 Insulator 
    10.9 Chemical Equipment 
    10.10 Packaging 
    10.11 Others 
11. PVC Sheet Market-By End-Use Industry (Market Size -US$ Million/Billion) 
    11.1 Transport 
        11.1.1 Automotive 
            11.1.1.1 Passenger Vehicle (PV) 
            11.1.1.2 Light Commercial Vehicle (LCV) 
            11.1.1.3 Heavy Commercial Vehicle (HCV) 
        11.1.2 Aerospace 
            11.1.2.1 Commercial 
            11.1.2.2 Military 
            11.1.2.3 Others 
        11.1.3 Marine 
            11.1.3.1 Cargo 
            11.1.3.2 Passenger 
            11.1.3.3 Others 
        11.1.4 Locomotive 
    11.2 Building and Construction 
        11.2.1 Residential 
        11.2.2 Commercial 
        11.2.3 Industrial 
    11.3 Home Furnishing 
        11.3.1 Mat 
        11.3.2 Pillow
        11.3.3 Curtain
        11.3.4 Carpet 
        11.3.5 Others 
    11.4 Electrical and Electronics 
        11.4.1 Computer 
        11.4.2 Smartphone 
        11.4.3 Cable 
        11.4.4 Television 
        11.4.5 Others 
    11.5 Chemical 
        11.6 Food and Beverage 
        11.6.1 Poultry 
        11.6.2 Fruits and Vegetables 
        11.6.3 Bakery 
        11.6.4 Confectionery 
        11.6.5 Others 
    11.7 Agriculture 
    11.8 Medical and Healthcare 
    11.9 Others
12. PVC Sheet Market-By Geography (Market Size -US$ Million/Billion) 
    12.1 North America 
        12.1.1 USA 
        12.1.2 Canada 
        12.1.3 Mexico 
    12.2 Europe 
        12.2.1 UK 
        12.2.2 Germany 
        12.2.3 France 
        12.2.4 Italy 
        12.2.5 Netherlands 
        12.2.6 Spain 
        12.2.7 Russia 
        12.2.8 Belgium 
        12.2.9 Rest of Europe 
    12.3 Asia-Pacific 
        12.3.1 China 
        12.3.2 Japan 
        12.3.3 India 
        12.3.4 South Korea 
        12.3.5 Australia and New Zealand 
        12.3.6 Indonesia 
        12.3.7 Taiwan 
        12.3.8 Malaysia 
        12.3.9 Rest of APAC 
    12.4 South America 
        12.4.1 Brazil 
        12.4.2 Argentina 
        12.4.3 Colombia 
        12.4.4 Chile 
        12.4.5 Rest of South America 
    12.5 Rest of the World 
        12.5.1 Middle East 
            12.5.1.1 Saudi Arabia 
            12.5.1.2 UAE 
            12.5.1.3 Israel 
            12.5.1.4 Rest of Middle East 
        12.5.2 Africa 
            12.5.2.1 South Africa 
            12.5.2.2 Nigeria 
            12.5.2.3 Rest of Africa 
13. PVC Sheet Market – Entropy
    13.1 New Product Launches 
    13.2 M&As, Collaborations, JVs and Partnerships 
14. PVC Sheet Market–Industry / Segment Competition landscape Premium Premium 
    14.1 Company Benchmarking Matrix – Major Companies 
    14.2 Market Share at Global Level - Major companies 
    14.3 Market Share by Key Region - Major companies 
    14.4 Market Share by Key Country - Major companies 
    14.5 Market Share by Key Application - Major companies 
    14.6 Market Share by Key Product Type/Product category- Major companies 
15. PVC Sheet Market – Key Company List by Country Premium Premium 
16. PVC Sheet Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments 
    16.1 Company 1 
    16.2 Company 2 
    16.3 Company 3 
    16.4 Company 4 
    16.5 Company 5 
    16.6 Company 6 
    16.7 Company 7 
    16.8 Company 8 
    16.9 Company 9 
    16.10 Company 10 and more 
"*Financials would be provided on a best efforts basis for private companies*"

LIST OF TABLES

1.Global PVC Sheet Market, by Type Market 2019-2024 ($M)
2.Global PVC Sheet Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global PVC Sheet Market, by Type Market 2019-2024 (Volume/Units)
4.Global PVC Sheet Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America PVC Sheet Market, by Type Market 2019-2024 ($M)
6.North America PVC Sheet Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America PVC Sheet Market, by Type Market 2019-2024 ($M)
8.South America PVC Sheet Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe PVC Sheet Market, by Type Market 2019-2024 ($M)
10.Europe PVC Sheet Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC PVC Sheet Market, by Type Market 2019-2024 ($M)
12.APAC PVC Sheet Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA PVC Sheet Market, by Type Market 2019-2024 ($M)
14.MENA PVC Sheet Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
2.Canada Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
6.Peru Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
8.Chile Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
10.UK Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
11.Germany Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
12.France Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
13.Italy Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
14.Spain Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
16.China Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
17.India Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
18.Japan Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global PVC Sheet Industry Market Revenue, 2019-2024 ($M)
21.North America Global PVC Sheet Industry By Application
22.South America Global PVC Sheet Industry By Application
23.Europe Global PVC Sheet Industry By Application
24.APAC Global PVC Sheet Industry By Application
25.MENA Global PVC Sheet Industry By Application