PVC Form Board Market Analysis and Forecasts
Polyvinyl Chloride (PVC) Foam boards, manufactured using Petroleum products, resins, and inorganic chemicals are most commonly used as an alternative for wooden sheets to manufacture doors, furniture, outdoor advertising boards, shelves, to name a few. Some of the most common applications of PVC Foam boards include wall cladding, indoor or outdoor decoration furniture manufacturing, partitions, display boards, exhibition boards, pop-up displays, hoardings, windows, false ceilings, and construction industry
There are several advantages that this material offers making it a favourable choice for so many industries and sectors. Some of those include heat resistance, corrosion resistance, fire resistance, easy to mould and paint, and high strength and durability. Further, one of the key reasons why PVC foam boards are used for packaging is that they have high gloss and shine, helping brands display their material more clearly.
Apart from these advantages, one of the key factors as to why one can have a positive outlook for the PVC Foam board industry is the rise of buildings with low energy consumption. This makes PVC Foam sheets a popular choice and great news for PVC Foam Board manufacturers and suppliers from the Asia Pacific Region. As more and more countries looking for massive infrastructural push and development, the PVC Foam board market has a lot of untapped potentials that will shape the industry in the upcoming decade.
According to a report titled: Polymer Foam Market by Type (Polyurethane, Polystyrene, Polyolefin, Melamine, Phenolic, PVC, Others), Application, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026, it can be deduced that the global polymer foam market has a lot to look forward to as we step in a new decade. As of 2018, the polymer foam market stands at a revenue of $112.45 Billion. Expected to grow at a Compounded Annual Growth Rate of 4.06%, this market will reach $154.65 in 2026.
The primary drivers of this growth can be attributed to the automobile, shipping, and construction sector, growing demand for the lightweight fuel-efficient cars globally, and growing application in the wind energy sector are the dynamics that will lead to the growth of the global polymer foam market.
Let’s review the research scope of PVC foam sheet market:
While the way forward looks positive for the PVC Foam Board Market, it is important to note that several challenges also lie in the way of this success and must be addressed. Some of the most common challenges that the sector faces are Volatile raw materials prices, economic slowdown, and stringent government regulations, environmental hazards, international trade standoffs among many others. While some of them are also dependent on the actions taken by political leaders across the world, there are several challenges like qualitative research, minimizing environmental impact, newer and more efficient technologies. It is only after significant efforts will be invested in such challenges that the industry will be able to successfully unleash its true potential.
Navratna Specialty Chemicals LLP, a part of Meghmani Group of Companies, offers products that find a wide range of applications for domestic, industrial as well as commercial use. The organization is a manufacturer of a wide range of qualitative products that include Poly Vinyl Chloride (PVC) Foam boards. The organization takes necessary measures to minimize the environmental impact while delivering the perfect products and contributes to the sustainable development of the planet. Since last few decades, We are the one of the leading name in the pvc foam board and pvc foam sheet manufacturers in india.
Other products supplied by Navratna include flex banners, digital printing ink as well as products for home decor like Marble Sheets, WPC Sheets. Through consistent innovation and quality, Navratna has successfully established brands GIZA and Mega Sign that sets the organization apart from its competitors.
Meghmani Group of Companies, since its inception over 40 years ago, has continuously come up with a wide range of chemical and non-chemical products in B2B and B2C segments. With a singular focus on delivering superlative quality while reducing operational costs for our customers, ours is a trusted name in this industry. To discuss a potential business collaboration, Contact us today!
Frequently Asked Questions:
Q. How much is the pvc foam market worth?
A. pvc foam board- pvc foam sheet market is expected to reach $154.65 billiob till 2026 with annual growth rate of 4.06%.
Q. In which industries, PVC foam board is in most demand?
A. Currently in automotic, packaging and construction industries pvc foam board is in most demand.
Q.List of best manufacturer of pvc foam board in india?
A. Stratongroup, Meghmani, Paramountwpc, Flexibond, and Aakruti
Q. Did you know the key factors that driving the pvc foam board market growth?
A. Increasing demand for building and construction industry is main factors that driving the pvc foam board market growth.