PUBLISHER: Verified Market Research | PRODUCT CODE: 1623157
PUBLISHER: Verified Market Research | PRODUCT CODE: 1623157
PVC Resins For Foaming Application Market was valued at USD 7.07 Billion in 2018 and is projected to reachUSD 10.15 Billion by 2026, growing at a CAGR of 4.74% from 2019 to 2026.
The growing demand for PVC foams in the construction sector is one of the major factors driving the market. The Global PVC Resins For Foaming Application Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Polyvinyl chloride is the most commonly used thermoplastic polymer comprising of 57% chlorine (derived from industrial salt) and 43% carbon (derived from oil and gases). Polyvinyl chloride (PVC) resins are produced by polymerization of vinyl chloride and finally blending additives with them. These resins are less dependent on non-renewable resources such as crude oil or natural gas, and others. In contrast to other polymeric plastics such as PE, PP, PET, and PS, which are dependent on oil or gas resources, the use of PVC resin is considered to be eco-friendly. Therefore, it can be regarded as resource-saving plastic for the future.
Global PVC Resins for foaming application Market Overview
The growing demand for PVC foams in the construction sector is one of the major factors driving the market. PCV resins are considered as a versatile material in the construction industry. The global construction & building industry has several potential growth opportunities, with new market segments (re-) emerging and offering particularly dynamic. PVC resin for foaming applications is used in the form of various products such as Cable and services ducting, Internal and external cladding, roofing and ceiling systems and membranes, wall coverings, decking, and many others. However, volatility in the raw materials of PVC foams acts as a potential restraint for the market.
The PVC Resins for Foaming Application Market is segmented on the basis of technique, application, end-use industry, and geography.
Based on the technique, the market is bifurcated into Rigid PVC and Flexible PVC. Rigid dominated the market and accounted for the largest market share in 2018. Rigid PVC sheets have a more industrial type application. This sheet is used in engineering and construction of the chemical tanks, window frames & door frames, and many more. It is also used in manufacturing telephone booths, life jackets, buoys, and fishing net floats. The demand for rigid PVC foam is expected to grow at an exponential rate owing to its advantages and application over the forecast period.
Our market analysis entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned Market Players.