The market for PVC wall panels has experienced significant growth in 2021 and is expected to continue its rapid revenue growth over the forecast period due to the increasing demand for ornamental materials in various end-use applications, such as commercial and residential buildings. PVC wall panels are known for their water-resistant properties, making them ideal for spaces like bathrooms, storage areas, and garages. The market is divided into wall cladding sheets and shower wall panels, and manufacturers from the US are expected to contribute to the largest development of the global market. Factors driving revenue growth include the low resin absorption capability, lightweight, and resilience to fatigue and chemicals, while key challenges include high cost and limited selection of styles. The door panels segment is expected to account for the largest revenue, with the home/residential segment registering a rapid revenue growth rate. The Asia Pacific region is expected to hold the largest share of the market due to increasing infrastructure building activities, with China being the largest construction market globally.
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PVC Wall Panels Market: Drive Factors
The global PVC wall panels market is expected to experience rapid revenue growth over the forecast period, driven by several factors. One of the key factors is the rising demand for ornamental materials in a variety of end-use applications, such as retail malls, office complexes, resorts, clinics, airport terminals, and other commercial and residential uses. Additionally, increasing construction spending for appealing interior designs in the residential and commercial sectors, as well as rising upgrades in building technologies utilizing automated production and installation, are some of the other factors driving market revenue growth.
PVC wall panels are made from polyvinyl chloride, a material known for its use in the production of a variety of plastic items all over the globe. These ceiling panels are comprised of a waterproof substance, making them very water-resistant. They are ideally suited for coating the walls and ceilings of those spaces which are prone to dampness, such as restrooms, storage areas, and garages. Resistance to abrasion, lightness, and greater durability are some of the primary technological benefits and reasons for acceptance of the product by consumers. Manufacturers from the U.S. are expected to contribute to the largest development of the global market during the forecast period.
Other factors driving revenue growth of the global PVC wall panels market include the low resin absorption capability, lightweight, and resilience to fatigue and chemicals of PVC panels for composite materials. These panels are widely used in applications for structural composite panels in the construction industry, such as household furniture, office equipment, wall cladding, partitioning paneling, signature exhibit panels, and faux walls. They are very simple to clean and need little upkeep. It just needs a gentle wipe with a moist cloth to clean these panels. They do not gather dust and are therefore ideal for rooms occupied by those who are sensitive to dust. Painted walls are prone to become dusty and hence require frequent cleaning. Furthermore, whenever there is moisture in the wall, these panels are really handy because they can effectively resist moisture.
However, some of the key challenges in the market are related to its high cost in contrast to tiles or any other substitutable material such as Wood-plastic composite (WPC). Furthermore, there is often a restricted selection of styles for shower wall panels. Chemical issues are the most important downside of utilizing PVC. Chlorine is a volatile ingredient that is a vital component of PVC products. They might emit chlorine over time. Though this is little and rarely having any negative health consequences, it is a source of concern. The global lockdown imposed during the Coronavirus (COVID-19) pandemic had a significant effect on the global cladding and PVC market due to disruptions in supply chains, transportation constraints, and personnel unavailability. This has a significant influence on the end-user industry.
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