The global uPVC market was valued at USD 46.04 billion in 2019 and is expected to reach USD 74.9 billion by the year 2027, at a CAGR of 6.3%. uPVC is also known as rigid PVC or unplasticized PVC. uPVC is a cost-effective and stiff material with high resistance to impact chemicals, weather, water, and corrosive environments.
uPVC has low cost, and it has exhibits properties such as high stiffness, aesthetic in nature, flame retardant. uPVC is FDA compliant as the residue of Vinyl Chloride gets restricted and also suitable for transparent applications. It also offers better chemical resistance as compared to flexible PVC. It is used as good electrical insulation as well as it provides better vapor barrier properties
Woods in construction can be replaced by this material grade similar that of the double glazed window frames and window sills, which is also known as vinyl siding.This material is versatile that can be manufactured in different colors or it can be made to look like other material (e.g wood).
This material grade exhibits incredible resistant to chemical erosion and has smoother inner walls that help to facilitate the water flow. In majority, this material grade is used as plastic pipe in the world. It operates well in a wide range of temperatures and operating pressure. These pipes are incredibly reliable, stiff and cost-effective, and often has application in exterior drainage pipes and sewage lines. The pipe i.e. uPVC is less common in the US where this material grade is most commonly used.
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uPVC cannot change shape under normal weather conditions, but at high temperatures, it can be easily reshaped. Windows made of this material grade of PVC are more energy-efficient than those with wooden or metal frames. This material grade of PVC has its application for door frames and conservatories.
Key participants include Koemmerling, Fenesta, Finolex Industries Ltd, LG Chem, Ercros SA, Kem One, Braskem, Shin-Etsu Chemical Co., Ltd, Inovyn, Westlake Chemical Corporation
Further key findings from the report suggest
- The market for uPVC is anticipated to grow at a CAGR of 30% by the end of the year 2027. In the Asia-Pacific market for uPVC is expected to grow at CAGR of 7.23% which is followed by LATAM and MEA with 6.95% and 6.02% CAGR, respectively. The south Asian countries have seen the highest growing trade activities and investment in the manufacturing companies because the region is expected to propel in the forecasted period.
- As of 2019, the building and construction segment has been one of the reasons for the growth of the uPVC market.
- uPVC finds vast applications in the Automotive industry. The uPVC finds its application as insulation, which is of type acoustic and thermal. The properties that are exhibited here are its durability and workability as a preferred plastic in an automotive application. This material is used for producing car interiors and for providing vinyl flooring for car manufacturers.
- Building and construction occupy more than 50% of the uPVC market owing to their increasing consumption in the construction and various other household application.
- The Asia-Pacific is the largest region for the uPVC market due to the significant contribution from countries like China, Japan, India, and Korea due to the growing end-segment industries, including electronics, automotive among others.
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By End-Use (Revenue in USD Million; Volume in Kilo Tons 2017–2027)
- Building and Construction
- Window and Door Frames
- Pipes and Fittings
- Roofing
- Curtain Rails
- Drawer Slides
- Others
- Automotive & Transportation
- Exterior
- Mud Flame
- Door Panel
- Sun Visor
- Trunk Tailgate
- Bumper
- Other
- Interior
- Cable Trench
- DashBoard
- Others
- Electrical and Electronics
- Insulation Pipe
- Switches
- Cable Insulation and Jacketing
- Junction Box
- Films
- Others
- Packaging
- Bottles
- Blister Packs
- Transparent Packs and Punnet
- Others
- Others
- Textile
- Sports
- Agriculture
- Healthcare
- Exterior
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To summarize, the report titled ‘Global uPVC Market’ provides a detailed report of the market by extensive research about the companies involved, current market status, drivers and constraints, and current and future COVID-19 oriented scenario. The study explores the historical years to provide insights into market estimation and fruitful opportunities for key players and new ventures.
Key insights presented in the report:
- Market revenue shares by major business players, by type, application, and market scope of global uPVC market
- Sales revenue by key players and new entrants
- Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight into recent trends and opportunities
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