PVC Foam Sheet Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

 

PVC Foam Sheet: Introduction

• PVC foam sheets are made of polyvinyl chloride. Petroleum products, resins, and inorganic chemicals are used in the manufacturing of these sheets. In a controlled space, the reactive liquid is expanded to produce PVC foam sheets. This yields different variations of foam densities.
• Advantages of PVC foam sheets include heat resistance, corrosion resistance, fire resistance, easy to mold and paint, and high strength & durability
• These foam sheets are lightweight, compressed, and tightly connected with laminates and reins. These sheets are utilized in wall cladding, indoor or outdoor decoration furniture manufacturing, partitions, display boards, exhibition boards, pop-up displays, hoardings, windows, false ceilings, and the construction industry.
• PVC foam sheets are employed as an alternative to wooden sheets in order to manufacture doors, furniture, outdoor advertising boards, shelves, etc. These sheets are increasingly being used in various applications due to their enhanced physical properties, uniformity, and high gloss and shine.

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Key Drivers and Restraints of PVC Foam Sheet Market

• Properties of PVC foam sheet for structural composites, such as its low resin uptake ability, low weight, and resistance to fatigue & chemicals, are expected to boost the demand for PVC foam sheets in a wide range of applications. Applications of PVC foam sheet for structural composites in the construction sector include residential furniture, office furniture, wall cladding, partition & paneling, signature & display panels, and corrosive linings. PVC foam sheets are primarily utilized as composite materials in turbine blades, covers, generator casings, hulls, decks, bulkheads, superstructures, and interior fittings in wind energy and marine sectors.
• Major substitutes for PVC foam sheets include PET foam, balsa, SAN, PUR, and honeycomb core materials. PET foams have the potential to replace PVC foams, owing to high performance, environment friendliness, and their ability to work at a higher temperature range. Furthermore, PET foams possess characteristics such as high capacity for recycling, excellent fatigue performance, thermo-formability, and high energy absorption. This has led to a shift toward the usage of PET foams in core sandwich structures for rotor blade applications.

COVID-19 Impact Analysis: Surge in Demand for PVC Face Shields

• Companies operating in the PVC foam sheet market for structural composites are taking cues from emerging innovators to manufacture face shields for COVID-19 (coronavirus) health workers. Companies designed a face shield made from transparent PVC sheets in order to keep the frontline health workers protected from the virus. Thus, companies in the PVC foam sheet market for structural composites are capitalizing on such opportunities and innovating in other products made from PVC foam sheets that may be required by users presently, as the novel virus is subsiding in several countries.

PVC Foam Sheet Market Segmentation

• The global PVC foam sheet market can be segmented based on application into transportation, wind energy, marine, building & construction, and others. The transportation segment can be further subdivided into automotive, buses, railways, aircraft and commercial vehicles. The wind energy segment can be further classified into rotor blades, nacelle covers, and others.

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PVC Foam Sheet Market: Regional Segmentation

• In terms of region, the global PVC foam sheet market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
• In Asia Pacific, the demand for PVC foam sheet for structural composites is projected to rise at a rapid pace, owing to the presence of diverse consumer base across the region. Advancement of new technologies and increase in research & development activities in developing regions of Asia Pacific are expected to revolutionize the wind energy field in the next few years. Additionally, a rise in government funding in developing countries, such as India and China, is likely to fuel the wind energy industry in these countries in the near future. For instance, GE Renewable Energy received an order from the EDF Renewables/SITAC Group joint venture for the installation of 112 units of 2.7 MW wind turbines at the Sitac Kabini wind farm based in Gujarat, India. The 112 units are most likely to be commissioned by early 2021 and are expected to produce green energy in order to cater to an increasing demand for electricity across the country. PVC foam sheets are primarily utilized in the fabrication of turbine blades, nacelle covers, and generator casings due to their excellent rigidity, lightweight, and strength-to-weight ratio. This, in turn, is expected to increase the demand for these sheets across the region.

Key Players Operating in Global Market

• 3A Composites
• Gurit
• Diab
• Armacell International S.A.
• CoreLite, Inc.
• Changzhou Tiansheng New Materials CO., LTD.
• POTENTECH (GUANGDONG) LIMITED
• Maricell S.r.l.
• Novagard Solutions, Inc.
• CHANGZHOU UTEK COMPOSITE CO., LTD
• FOAMTECH Ltd
• Deqing Sanhe Rubber & Plastic Co., Ltd
• Ludlow Composites, Corp.
• Brett Martin Plastic Sheets

Global PVC Foam Sheet Market: Research Scope

Global PVC Foam Sheet Market, by Application

• Transportation
  • Automotive
  • Buses
  • Railways
  • Aircraft
  • Commercial Vehicles