Global polyvinyl chloride (PVC) membranes market is expected to grow over the forecast period on account of its increasing applications in emerging economies including Brazil, India and China. PVC membranes are used in a wide range of applications such as construction & building, packaging & transportation, electronics & electrical and automotive & aerospace industries. Expansion of the global construction & building industry owing to surging infrastructure expenditure is expected to drive PVC membranes market over the next seven years mainly in India and China. PVC membranes are expensive and presence of stringent regulations in the developed economies of European Union and North America is expected to be a potential factor for hampering market demand over the forecast period. In addition, increasing crude oil prices are expected to hinder the PVC membranes market over the forecast period as PVC is derived from ethanol. Emergence of bio-based PVC membranes which have a recycling capacity up to seven times and have a lifespan over one hundred and forty five years is expected to open new opportunities for PVC membranes market growth over the forecast period.
Global PVC membranes market has observed substantial gains in past five years owing to growing demand in applications such as waterproofing sheets, roofing, flooring, siding and protective layering. In addition, increasing demand for PVC membranes in medical devices and automobiles is further anticipated to fuel its demand. Global PVC membranes market has witnessed a decline in its demand owing to the economic recession that had affected major industries such as transportation, electrical & electronics and construction. As a result, the price of PVC membranes witnessed a drop in Asia Pacific, European Union and North America. PVC membranes prices are likely to rise owing to increase in prices of its feedstock, natural gas and oil over the next seven years.
North America was the largest market for PVC membranes in 2014 owing to the huge demand from construction and transportation industries which is likely to sustain over the next seven years. Rapid development in the region is expected to boost PVC membranes market over the forecast period. Governmental concerns and environmental concerns are expected to hinder the growth of PVC membranes market in European Union countries over the forecast period. However, Germany, Italy, Kazakhstan, France and Russia are focusing on infrastructure development and re-development which is expected to fuel PVC membranes industry growth over the forecast period. Substantial expansion of the automobile industry in Asia Pacific is expected to fuel PVC membranes market in next seven years coupled with a huge demand from construction industries in the region. Increasing exploration of oil and gas is expected to boost the PVC membranes market in the regions of Middle East. PVC membranes are widely used as a protective coating in the oil wells which prevents the mixing of oil from water, air and other impurities present in the atmosphere. Extreme climatic conditions in the regions of Africa are expected to boost the PVC membranes market owing to the huge demand from building & construction industries over the forecast period. Increasing construction of commercial & residential buildings is anticipated to play an important role in augmenting PVC membranes industry growth over the projected period.
PVC membranes are considered safe to use in construction and building infrastructure as it exhibits properties such as low combustibility, slow burning and it extinguishes when the flame source is removed. These properties of PVC membranes are expected to be potential drivers for increasing market demand over the forecast period. In addition, high durability, low maintenance, low embodied energy requirement and recyclability are key factors responsible for the immense PVC membranes market demand over the forecast period. Increasing innovations in the technologies and product development of PVC membranes are expected to fuel market demand owing to the rising demand for the reflective roofing in construction and infrastructure building.
Some of the key market players for PVC membranes includes Weifang Chenhua Waterproof Co., Ltd., Foshan HouDe Decoration Material Co., Ltd., Shandong Juhui Waterproof Materials Co., Ltd., Foshan Nanhai Hantai Decoration Material Factory, Chinyang Chemical Co. Ltd., Premier Polyfilm Ltd., Universal Polymers, IBMH Corporation Ltd., Ecomas Marketing, Gorantla Geosynthetics Pvt. Ltd., Nihon Kutaisyori Co. Ltd., Kitex and Tasco Ltd.
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