PVC Wall Panel Market Scope
The global PVC wall panels market is expected to grow at a significant pace during the forecast period owing to increasing demand for decorative materials for different end-use applications such as shopping malls, office buildings, hotels, hospitals, airports, and other commercial & residential applications. Moreover, increasing construction spending for attractive interior designs in residential & commercial sector and rising development of efficient building technologies using automated production & installation are some other factors aiding into the growth of PVC wall panels market globally.
The market study is being classified by Type (PVC Wall Cladding Sheet and PVC Shower Wall Panel), by Application (Residential and Commercial) and major geographies with country level break-up.
The vendors in this market are focusing on developing innovative products with PVC wall panels for different commercial and residential applications. The advantages such as abrasion resistance, lightweight, and higher strength-to-weight ratio are some of the key technical advantages and reasons behind the adoption of PVC wall panels by customers. The market for PVC wall panel is moderately fragmented in terms of vendors globally according to Advance Market Analytics. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global PVC Wall Panel market throughout the predicted period.
MAA Group (Pakistan), Aluminium Allied Centre (India), Dumaplast (Belgium), Extrutech Plastics Inc (United States), H&F Manufacturing Corp. (United States), Fixopan (India), Haichuang Plastic & Electronic Co., Ltd (China), huaxiajie.com (China), HONGBO Plastic Factory (China), Lowe's (United States), InterSourceCo (United States) and Harwal Group of Companies (UAE) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global PVC Wall Panel market by Type, Application and Region.
On the basis of geography, the market of PVC Wall Panel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- High Demand for Decorative Material for Different End-Use Applications Such as Office Buildings, Shopping Malls, Hospitals, Hotels, And Airports in Construction Industry
- Increasing Construction Spending
- Development of Efficient Building Technologies Using Automated Production & Installation
- The Requirement of Full Replacement at The Time of Damage
- High Cost in Comparison With Tiles
- Limited Choice of Designs for Shower Wall Panels
Analyst ViewChina was expected to be the largest market for PVC wall panels in Asia Pacific region owing to large presence of SMEs into PVC production and large consumption by customers followed by India. The demand for PVC wall panels are boosted by rising construction projects and government smart city initiatives in the countries such as India. This is expected to boost the demand for PVC wall panels in the region.
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