PVC Foam Sheet Market for Structural Composites to Develop at CAGR of 4.1% during Forecast Period, Notes TMR Study

ALBANY, N.Y., March 1, 2022 /PRNewswire/ -- The global PVC foam sheet market for structural composites was valued over US$ 900 Mn in 2019 and is expected to rise at a CAGR of 4.1% during the forecast period, from 2020 to 2030. The closed-hole cross-linked structure of PVC foam sheet for structural composites has great stiffness, outstanding strength-to-weight ratio, as well as toughness. With these features, PVC foam sheets are utilized in a wide array of purposes, including building & construction, maritime, transportation, and wind energy. Manufacturers of PVC foam sheet for structural composites are capitalizing on new prospective in wind energy. Thus, revenue from wind energy applications in the PVC foam sheet market for structural composites is expected to expand at a rapid rate during the forecast period. As a result, manufacturers of PCV foam sheets are taking advantage of immense possibilities in the production of wind blades.

In 2019, Asia Pacific held a large share of the global PVC foam sheet market for structural composites in terms of demand, followed by Europe and North America. In 2019, China retained a commanding position in the Asia Pacific PVC foam sheet market for structural composites. In terms of value, the Asia Pacific PVC foam sheet market for structural composites is predicted to grow at a CAGR of 4.3% in the years to come.