The growing demand for high-performance plastic, especially for the production of lightweight vehicles, is propelling market growth.
Market Size - USD 46.04 Billion in 2019, Market Growth - CAGR of 6.30%, Market trends - Increasing demand from various industry verticals.
The Global uPVC Market is anticipated to be valued at USD 74.9 billion by 2027, growing at a steady 6.30% CAGR from its valuation of USD 46.04 billion in 2019. Market growth is driven by the surging demand for high-performance plastic from the automotive sector along with the escalating growth of the building & construction industry
uPVC, also known as plasticized PVC or hard PVC, is a cost-effective material that offers high resistance from corrosive environments and chemicals, weather, and water impact. The product offers superior qualities, including high stiffness, flame retardant, aesthetic appeal, electrical insulation, vapor barrier properties, and is also FDA compliant.
It is extensively replacing woods in construction activities for making double glazed window frames and window sills. uPVC is versatile in nature and can be manufactured in different colors and sizes, as per the industry-specific needs. The product is also experiencing high demand from the automotive industry for making interiors and other components in order to reduce the overall weight of the vehicle. uPVC-based pipes are also experiencing high demand due to their incredible reliability and cost-effectiveness. Growing product demand for exterior drainage pipes and sewage lines application will supplement the uPVC market share through 2027.
Moreover, demographic factors such as rapid urbanization, a growing concern for energy efficiency, and regulatory changes will bolster uPVC market growth over the forecast period.
Further key findings from the report suggest
The report provides a forecast for revenue generation at the global and regional levels to provide insightful data for the industry trends in each segment and sub-segment in each region for the forecast period. The report has been segmented into application, end-use, and region to provide a better understanding of the market.
Application Outlook (Revenue, USD Million; 2017-2027)
End-Use Outlook (Revenue in USD Million; 2017-2027)
Regional Outlook (Revenue in USD Million; 2017-2027)
Reasons to Buy the Report
Market Size - USD 46.04 Billion in 2019, Market Growth - CAGR of 6.30%, Market trends - Increasing demand from various industry verticals.
The Global uPVC Market is anticipated to be valued at USD 74.9 billion by 2027, growing at a steady 6.30% CAGR from its valuation of USD 46.04 billion in 2019. Market growth is driven by the surging demand for high-performance plastic from the automotive sector along with the escalating growth of the building & construction industry
uPVC, also known as plasticized PVC or hard PVC, is a cost-effective material that offers high resistance from corrosive environments and chemicals, weather, and water impact. The product offers superior qualities, including high stiffness, flame retardant, aesthetic appeal, electrical insulation, vapor barrier properties, and is also FDA compliant.
It is extensively replacing woods in construction activities for making double glazed window frames and window sills. uPVC is versatile in nature and can be manufactured in different colors and sizes, as per the industry-specific needs. The product is also experiencing high demand from the automotive industry for making interiors and other components in order to reduce the overall weight of the vehicle. uPVC-based pipes are also experiencing high demand due to their incredible reliability and cost-effectiveness. Growing product demand for exterior drainage pipes and sewage lines application will supplement the uPVC market share through 2027.
Moreover, demographic factors such as rapid urbanization, a growing concern for energy efficiency, and regulatory changes will bolster uPVC market growth over the forecast period.
Further key findings from the report suggest
- The uPVC market is set to register a CAGR of 6.3% over the forecast period.
- Based on application, the building and construction segment accounts for over 50% of the uPVC market share on account of the growing product consumption for household applications.
- The window and door frames sub-segment is estimated to grow exponentially through 2027. This growth can be attributed to the low thermal conductivity of the product, which prevents loss of energy by 30-35%. Additionally, improved aesthetic, fire, wind, & moisture resistance, acoustic & thermal strength long-lasting, and customization options are other key factors supporting segmental growth. Moreover, uPVC has received approval for a green building council in Europe, India, and the U.S.
- The automotive segment is estimated to contribute significantly to the uPVC market revenue share through 2027 due to extensive product application in insulation, both acoustic and thermal. Utilization of the product offer enhanced exhibited durability and workability as compared to plastic material for automotive application. uPVC is experiencing high demand for the manufacturing of car interiors and vinyl floorings.
- In the regional landscape, the south Asian countries are witnessing the highest growth in trade activities and investment in the manufacturing companies, which will be supplementing the uPVC market revenue. The Asia Pacific market will exhibit a CAGR of 7.23%, followed by LATAM at 6.95% and MEA at 6.02% over the analysis period.
- The Asia Pacific region accounted for 51.5% of the uPVC and is likely to witness major growth due to the growing end-segment industries, including automotive, electronics, and others across China, Japan, Korea, and India.
- Europe accounted for 21.08% of the uPVC market share in 2019 and is forecast to witness a growth rate of 4.79% through 2027.
- Key players in the uPVC market are Koemmerling, Finolex Industries Ltd, Fenesta, LG Chem, Kem One, Ercros SA, Braskem, Westlake Chemical Corporation, and Shin-Etsu Chemical Co., Ltd, and Inovyn, among others.
The report provides a forecast for revenue generation at the global and regional levels to provide insightful data for the industry trends in each segment and sub-segment in each region for the forecast period. The report has been segmented into application, end-use, and region to provide a better understanding of the market.
Application Outlook (Revenue, USD Million; 2017-2027)
- Window Frames
- Pipes
- Doors
End-Use Outlook (Revenue in USD Million; 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
Regional Outlook (Revenue in USD Million; 2017-2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- Italy
- U.K.
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Rest of MEA
Reasons to Buy the Report
- A robust analysis and estimation of the uPVC Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the uPVC Equipment market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. uPVC Segmentation & Impact Analysis
Chapter 5. uPVC Market By End-Use Type Insights & Trends
Chapter 6. uPVC Market Regional Outlook
Chapter 7. Competitive Landscape
Chapter 8. Company Profiles
Companies Mentioned
- Koemmerling
- Ercross SA
- Shin-Etsu Chemical Co. Ltd.
- Westlake Chemical Corporation
- Finolex Industries
- Inovyn
- LG Chem
- REHAU Polymers Pvt. Ltd.
- International Window Corporation
- Intus Windows
- Royal Building Products,
