uPVC Market

uPVC Market Outlook Outlook (2022-2032)

uPVC is used in the production of pipes in the construction sector especially in making window frames. The preference for uPVC window frames is due to the fire resistance and rigidity as the material does not bend. It’s also used as a substitute instead of painted wood. The window sills and installation of double glazing among new constructions are likely to replace conventional single-glazed windows.

It is more durable than PVC which is likely to exceed its preference in the forecast period. The chemical resistance and sound insulation are characteristics that increase demand for uPVC in domestic usage.

These pipes are preferred for the transportation of water. uPVC is also used for creating door frames as uPVC does not change its shape, unlike wooden frames. It is also used in dental retainers as it has very less impact on human health. When compared to plasticized PVC, uPVC is more durable due to its rigid nature.

It is more popular than plasticized PVC as it can be easily reshaped and recycled in new pipes and products. Plasticized PVC contains chemicals, such as phthalates or BPA, which makes it hazardous while it does not contain any such chemicals and is thus, less harmful.

The global uPVC market valuation is USD 51.37 Billion in 2022. The market is anticipated to expand and reach USD 99.18 Billion by end of 2032. The industry was likely to expand with a CAGR of 6.8% in the forecast period.

Report Attributes	Details
Market size (2022 A)	USD 51.37 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 99.18 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 6.8%
Key Companies Profiled	Formosa Plastics Corporation Shin-Etsu Chemical Co., Ltd LG Chem Inovyn Westlake Chemical Corporation Mexichem S.A.B de C.V Ercros SA Kem One Braskem

What are the drivers of demand in the uPVC market?

The demand from the construction sector is growing in distinct regions as increasing population and urbanization are propelling demand. The growth of this sector will likely propel the demand for this market. The major plastic industry is dominant in pipe making which helps in boosting sales of uPVC. This can be reshaped or recycled will further push this market to grow in the forecast period. The cost-effectivity of the uPVC application is the main factor which likely to give a positive trajectory in the forecast period.

Other uses of uPVC, such as in dental retainers, will also contribute to the growth of this market. Regulations regarding the use of this material will retard the growth of this market in the future. The rigid and non-flexible nature of uPVC has restricted the use of uPVC pipes for various applications, such high-pressure transport of materials. This restricted use of uPVC will slow down the growth of product sales.

What are the deterrents for the uPVC market?

Manufacturer in the uPVC pipes faces issues with the arrangement of raw material. The major threat these market companies are facing is the shift towards HDPE pipes. The shortage of PVC resin is likely to hinder the growth of this sector. The rise in raw material prices is affecting the marginal profit of these firms.

The penetration of alternative pipe materials such as polyesters, and elastomers may deter the demand for this market. The construction industry is better coping with the impact of Covid- 19 than other industries. Climate change has affected the industry as the major demand for uPVC pipes is driven by the agriculture sector. Plastic is seen as an alternative to PVC which is likely to affect this market.

Segment wise Insights

Based on the application the uPVC market is dominated by the use of making window frames due to their resistance and rigidity. On the basis of the end-use industry, the demand for this market is driven majorly by the construction sector. Moreover, the plastic and polymer section is likely to gain traction in the forecast period.

Regional Outlook

Asian markets are set to gain traction in the forecast period. China and India are densely populated countries. The growth of the population in these countries will lead to the growth of the construction industry in these countries. The plastic industry has also shown significant growth in these countries in recent years.

The growth of the construction and plastic industries in these countries is expected to help in the growth of the uPVC market. Europe, with its moderately growing plastic and construction industries, is expected to help in the growth of this product sales in near future. Latin America region which has an appreciably growing construction industry is expected to help in the growth of this industry.

North America region has shown significant growth in the construction industry in recent years. The plastic industry in the region is also growing moderately. The growth of these two industries in North America is expected to drive the market for uPVC in the coming years.

Middle East region has been showing good growth in the construction industry. The growth of the construction industry is expected to provide a platform for the growth of the market in the region. The market in the APAC region is expected to grow as the growth of the construction industry in the region is moderate. APAC also has a growing plastic industry, which is also expected to help in the growth of sales of uPVC.

Competitive landscape

The uPVC market is anticipated to rise in terms of the number of players in the industry. Local manufacturers tend to gain a major advantage over international companies. Companies in this industry are focusing on the high performance and durability of pipes. Collaboration and mergers are preferably used strategies by the market players intended to increase the geographical expansion of business. Technological advantage and product innovation are likely to give the edge to competitors in the industry.

• In September 2020, REHAU introduced the novel system 190 hung slider which is a storm protection system in the US. This innovation is proven to be high performance and economic solution for the construction of commercial buildings.

uPVC Market : Segmentation

• By Application :

  • Window Frames
  • Pipes
  • Others

• By End-use Industry :

  • Construction
  • Plastic and Polymer

• By the Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa