PVC Rigid Foam Market
Description
The global PVC rigid foam market was valued at $2.0 billion in 2023, and is projected to reach $3.1 billion by 2033, growing at a CAGR of 4.3% from 2024 to 2033.
PVC rigid foam is a type of foam material made from polyvinyl chloride (PVC) that is widely used in a variety of industries due to its lightweight, strong, and versatile properties. It is commonly used in construction, signage, packaging, and automotive applications, among others. The foam is produced through a process where PVC resin is expanded using a foaming agent, resulting in a rigid, closed-cell foam structure. The PVC rigid foam market has been growing steadily due to its wide range of applications in various industries such as construction, automotive, signage, packaging, and marine.
PVC rigid foam is widely used in construction applications such as insulation panels, wall cladding, roofing, and flooring due to its lightweight, durability, and excellent thermal insulation properties. These characteristics make it a preferred material in both residential and commercial buildings, helping to enhance energy efficiency and structural integrity. In addition, PVC rigid foam is favored for its resistance to moisture, chemicals, and fire, making it suitable for various demanding construction environments. All these factors are expected to drive the demand for the PVC rigid foam during the forecast period.
However, polyvinyl chloride (PVC), the primary component of rigid foam, is derived from petrochemical feedstocks such as ethylene and chlorine. The prices of these raw materials are highly volatile due to factors such as crude oil price fluctuations, supply chain disruptions, and geopolitical tensions. As the cost of PVC resin increases, manufacturers face higher production costs, which lead to increased product prices. This, in turn, makes PVC rigid foam less competitive compared to alternative materials such as acrylic, wood, or aluminum composites. All these factors hamper PVC rigid foam market growth.
Industries such as construction, automotive, transportation, and signage are increasingly shifting toward materials that offer strength and longevity without adding excess weight. PVC rigid foam meets these requirements by providing a lightweight yet robust alternative to traditional materials such as wood, metal, and solid plastic. Its high strength-to-weight ratio makes it ideal for applications where weight reduction is crucial, such as vehicle components, interior panels, and portable advertising boards. All these factors are anticipated to offer new growth opportunities for the PVC rigid foam market during the forecast period. In 2019, Kaneka Corporation launched a new line of PVC foam boards under the brand name ‘KANEKA Biodegradable Foam.’ These boards are designed for use in applications such as packaging, construction, and automotive industries, offering both environmental benefits and material performance.
Segment Review
The PVC rigid foam market is segmented into application and region. On the basis of application, market is classified into decorative, construction, signage, transportation, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
On the basis of application, the construction segment accounted for more than one-third of the market share in 2023 and is expected to maintain its dominance during the forecast period.
Region-wise, Asia-Pacific was the highest revenue contributor in the global PVC rigid foam market share in 2023.
Competition Analysis
The key players in the PVC rigid foam market include Shanghai Gokai Industry Co, Ltd, Kaneka Corporation, Brett Martin, Visight Advanced Material Co.,ltd, Composites GmbH, The Dow Chemical Company, Gurit Services AG, AS Rubber & Plastics Ltd, Maricell Srl, and FOAMTECH Ltd.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the PVC rigid foam market analysis from 2023 to 2033 to identify the prevailing PVC rigid foam market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the PVC rigid foam market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global PVC rigid foam market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Decorative
Construction
Signage
Transportation
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Maricell Srl
Gurit Services AG
AS Rubber & Plastics Ltd
Brett Martin
Visight Advanced Material Co.,ltd
FOAMTECH Ltd
Composites GmbH
Dow
Kaneka Corporation
Shanghai Gokai Industry Co,.LtdThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
PVC rigid foam is a type of foam material made from polyvinyl chloride (PVC) that is widely used in a variety of industries due to its lightweight, strong, and versatile properties. It is commonly used in construction, signage, packaging, and automotive applications, among others. The foam is produced through a process where PVC resin is expanded using a foaming agent, resulting in a rigid, closed-cell foam structure. The PVC rigid foam market has been growing steadily due to its wide range of applications in various industries such as construction, automotive, signage, packaging, and marine.
PVC rigid foam is widely used in construction applications such as insulation panels, wall cladding, roofing, and flooring due to its lightweight, durability, and excellent thermal insulation properties. These characteristics make it a preferred material in both residential and commercial buildings, helping to enhance energy efficiency and structural integrity. In addition, PVC rigid foam is favored for its resistance to moisture, chemicals, and fire, making it suitable for various demanding construction environments. All these factors are expected to drive the demand for the PVC rigid foam during the forecast period.
However, polyvinyl chloride (PVC), the primary component of rigid foam, is derived from petrochemical feedstocks such as ethylene and chlorine. The prices of these raw materials are highly volatile due to factors such as crude oil price fluctuations, supply chain disruptions, and geopolitical tensions. As the cost of PVC resin increases, manufacturers face higher production costs, which lead to increased product prices. This, in turn, makes PVC rigid foam less competitive compared to alternative materials such as acrylic, wood, or aluminum composites. All these factors hamper PVC rigid foam market growth.
Industries such as construction, automotive, transportation, and signage are increasingly shifting toward materials that offer strength and longevity without adding excess weight. PVC rigid foam meets these requirements by providing a lightweight yet robust alternative to traditional materials such as wood, metal, and solid plastic. Its high strength-to-weight ratio makes it ideal for applications where weight reduction is crucial, such as vehicle components, interior panels, and portable advertising boards. All these factors are anticipated to offer new growth opportunities for the PVC rigid foam market during the forecast period. In 2019, Kaneka Corporation launched a new line of PVC foam boards under the brand name ‘KANEKA Biodegradable Foam.’ These boards are designed for use in applications such as packaging, construction, and automotive industries, offering both environmental benefits and material performance.
Segment Review
The PVC rigid foam market is segmented into application and region. On the basis of application, market is classified into decorative, construction, signage, transportation, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings:
On the basis of application, the construction segment accounted for more than one-third of the market share in 2023 and is expected to maintain its dominance during the forecast period.
Region-wise, Asia-Pacific was the highest revenue contributor in the global PVC rigid foam market share in 2023.
Competition Analysis
The key players in the PVC rigid foam market include Shanghai Gokai Industry Co, Ltd, Kaneka Corporation, Brett Martin, Visight Advanced Material Co.,ltd, Composites GmbH, The Dow Chemical Company, Gurit Services AG, AS Rubber & Plastics Ltd, Maricell Srl, and FOAMTECH Ltd.
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the PVC rigid foam market analysis from 2023 to 2033 to identify the prevailing PVC rigid foam market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the PVC rigid foam market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global PVC rigid foam market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Decorative
Construction
Signage
Transportation
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Maricell Srl
Gurit Services AG
AS Rubber & Plastics Ltd
Brett Martin
Visight Advanced Material Co.,ltd
FOAMTECH Ltd
Composites GmbH
Dow
Kaneka Corporation
Shanghai Gokai Industry Co,.LtdThe research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
229 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Growing demand in construction and building materials
- 3.4.1.2. Increase in its use in signage and advertising boards
- 3.4.2. Restraints
- 3.4.2.1. Fluctuations in raw material prices
- 3.4.3. Opportunities
- 3.4.3.1. Growing demand for lightweight and durable materials
- 3.5. Value Chain Analysis
- 3.6. Regulatory Guidelines
- 3.7. Patent Landscape
- 3.8. Pricing Analysis Overview
- 3.9. List of Value Chain Players
- CHAPTER 4: PVC RIGID FOAM MARKET, BY APPLICATION
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Decorative
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Construction
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Signage
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Transportation
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- 4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country
- CHAPTER 5: PVC RIGID FOAM MARKET, BY REGION
- 5.1. Overview
- 5.1.1. Market size and forecast By Region
- 5.2. North America
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by Application
- 5.2.3. Market size and forecast, by country
- 5.2.3.1. U.S.
- 5.2.3.1.1. Market size and forecast, by Application
- 5.2.3.2. Canada
- 5.2.3.2.1. Market size and forecast, by Application
- 5.2.3.3. Mexico
- 5.2.3.3.1. Market size and forecast, by Application
- 5.3. Europe
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by Application
- 5.3.3. Market size and forecast, by country
- 5.3.3.1. Germany
- 5.3.3.1.1. Market size and forecast, by Application
- 5.3.3.2. UK
- 5.3.3.2.1. Market size and forecast, by Application
- 5.3.3.3. France
- 5.3.3.3.1. Market size and forecast, by Application
- 5.3.3.4. Spain
- 5.3.3.4.1. Market size and forecast, by Application
- 5.3.3.5. Italy
- 5.3.3.5.1. Market size and forecast, by Application
- 5.3.3.6. Rest of Europe
- 5.3.3.6.1. Market size and forecast, by Application
- 5.4. Asia-Pacific
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by Application
- 5.4.3. Market size and forecast, by country
- 5.4.3.1. China
- 5.4.3.1.1. Market size and forecast, by Application
- 5.4.3.2. India
- 5.4.3.2.1. Market size and forecast, by Application
- 5.4.3.3. Japan
- 5.4.3.3.1. Market size and forecast, by Application
- 5.4.3.4. South Korea
- 5.4.3.4.1. Market size and forecast, by Application
- 5.4.3.5. Australia
- 5.4.3.5.1. Market size and forecast, by Application
- 5.4.3.6. Rest of Asia-Pacific
- 5.4.3.6.1. Market size and forecast, by Application
- 5.5. LAMEA
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by Application
- 5.5.3. Market size and forecast, by country
- 5.5.3.1. Brazil
- 5.5.3.1.1. Market size and forecast, by Application
- 5.5.3.2. Saudi Arabia
- 5.5.3.2.1. Market size and forecast, by Application
- 5.5.3.3. South Africa
- 5.5.3.3.1. Market size and forecast, by Application
- 5.5.3.4. Rest of LAMEA
- 5.5.3.4.1. Market size and forecast, by Application
- CHAPTER 6: COMPETITIVE LANDSCAPE
- 6.1. Introduction
- 6.2. Top winning strategies
- 6.3. Product mapping of top 10 player
- 6.4. Competitive dashboard
- 6.5. Competitive heatmap
- 6.6. Top player positioning, 2023
- CHAPTER 7: COMPANY PROFILES
- 7.1. Shanghai Gokai Industry Co,.Ltd
- 7.1.1. Company overview
- 7.1.2. Key executives
- 7.1.3. Company snapshot
- 7.1.4. Operating business segments
- 7.1.5. Product portfolio
- 7.2. Kaneka Corporation
- 7.2.1. Company overview
- 7.2.2. Key executives
- 7.2.3. Company snapshot
- 7.2.4. Operating business segments
- 7.2.5. Product portfolio
- 7.2.6. Business performance
- 7.3. Brett Martin
- 7.3.1. Company overview
- 7.3.2. Key executives
- 7.3.3. Company snapshot
- 7.3.4. Operating business segments
- 7.3.5. Product portfolio
- 7.4. Visight Advanced Material Co.,ltd
- 7.4.1. Company overview
- 7.4.2. Key executives
- 7.4.3. Company snapshot
- 7.4.4. Operating business segments
- 7.4.5. Product portfolio
- 7.5. Composites GmbH
- 7.5.1. Company overview
- 7.5.2. Key executives
- 7.5.3. Company snapshot
- 7.5.4. Operating business segments
- 7.5.5. Product portfolio
- 7.6. Dow
- 7.6.1. Company overview
- 7.6.2. Key executives
- 7.6.3. Company snapshot
- 7.6.4. Operating business segments
- 7.6.5. Product portfolio
- 7.6.6. Business performance
- 7.7. FOAMTECH Ltd
- 7.7.1. Company overview
- 7.7.2. Key executives
- 7.7.3. Company snapshot
- 7.7.4. Operating business segments
- 7.7.5. Product portfolio
- 7.8. Gurit Services AG
- 7.8.1. Company overview
- 7.8.2. Key executives
- 7.8.3. Company snapshot
- 7.8.4. Operating business segments
- 7.8.5. Product portfolio
- 7.8.6. Business performance
- 7.9. AS Rubber & Plastics Ltd
- 7.9.1. Company overview
- 7.9.2. Key executives
- 7.9.3. Company snapshot
- 7.9.4. Operating business segments
- 7.9.5. Product portfolio
- 7.10. Maricell Srl
- 7.10.1. Company overview
- 7.10.2. Key executives
- 7.10.3. Company snapshot
- 7.10.4. Operating business segments
- 7.10.5. Product portfolio
- 7.10.6. Key strategic moves and developments
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