Market Introduction
uPVC is an unplasticized form of polyvinyl chloride which is also known as rigid PVC. uPVC is widely used in the manufacturing of pipes and the construction industry uses uPVC in the manufacturing of window frames. uPVC material does not bend and possesses properties like rigidity and fire resistance. uPVC is nowadays also being used in window frames as it offers various advantages, such as UV resistance, chemical resistance, sound insulation and wind insulation, etc. uPVC pipes are used for transporting waste water in industries as well as in domestic households. uPVC pipes are also used for transporting potable water. uPVC is also used for creating door frames as uPVC does not change its shape unlike wooden frames. uPVC is also used in dental retainers as it has very less impact on the human health. When compared to the plasticized PVC, uPVC is more durable due to its rigid nature. uPVC 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 uPVC does not contain any such chemicals and is thus, less harmful.
Market Dynamics
The construction industry is growing in different regions due to various reasons, such as population, tourism, urbanization, etc. The growth of the construction industry will, thus, help the growth of the uPVC market. The plastic industry which holds a prominent share in various sectors will also help in boosting the sales of uPVC. uPVC can also be recycled and reshaped, a particular factor that will further push uPVC market growth. The lower cost of uPVC polymer will help in growth of uPVC sales. Other uses of uPVC, such as in dental retainers, will also contribute to the growth of the uPVC market. Regulations regarding the use of uPVC material will retard the growth of the uPVC market in future. 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 uPVC sales.
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Market Segmentation
uPVC market by application:
Window Frames
Pipes
Others
uPVC market by end use industry:
Construction
Plastic and Polymer
Regional Outlook
China and India are densely populated countries. The growth of 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 construction and plastic industries in these countries is expected to help in the growth of uPVC market. Europe, with its moderately growing plastic and construction industries, is expected to help in the growth of uPVC sales in near future. Latin America region which has an appreciably growing construction industry is expected to help in the growth of market of uPVC.
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 uPVC market in the region. uPVC market in the APAC region is expected to grow as the growth of construction industry in the region is moderate. The APAC also has a growing plastic industry, which is also expected to help in the growth of sales of uPVC.
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List of Market Participants
Some of the market participants operating across the value chain of the uPVC market are:
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
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