Segments - Calendered Polyvinyl Chloride Flexible Films Market by End-use (Medical, Pharmaceutical, Building & Construction, Consumer Goods, Automotive, and Industrial), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global calendered polyvinyl chloride flexible films market size was USD 16.6 Billion in 2022 and is likely to reach USD 25.8 Billion by 2031, expanding at a CAGR of 5.4% during 2023–2031. The market is driven by the increasing requirement for PVC films in the packaging industry.
Growing demand for polyvinyl chloride flexible films in a wide range of industrial applications is anticipated to boost the market in the coming years. Industries that make substantial use of calendered PVC sheets include agriculture, healthcare, advertising, and others. This is anticipated to fuel the market during the forecast period.
PVC films are used extensively in the automotive industry for interior and exterior applications, such as decorative films and upholstery. In the consumer electronics industry, these films are used for insulation, cable sheathing, and the protection of various components.
As per a survey published in March 2023, there has been a significant increase in the consumption of PVC between 2016 and 2022. In 2016, the volume of PVC used was 42.9 million tons, which grew to 55.7 million tons in 2022.
The development of supply chains and distribution networks across the globe has raised the need for calendered polyvinyl chloride flexible films in the packaging industry for various products, including food, consumer goods, and pharmaceuticals. Furthermore, the expansion of the construction industry is leading to a rise in the requirement for PVC films for purposes such as cladding, roofing, and waterproofing.
The COVID-19 pandemic hindered the market, due to the restrictions of lockdown imposed by governments all across the globe. The manufacturing activities were mostly halted, due to the absence of workers and the import-export activities in various nations were stopped to prevent the spread of infection. This resulted in a market slowdown, owing to the disparity in supply and demand, impeding the market.
Increasing application in the construction industry is expected to drive the market during the projection period. One of the primary factors responsible for the high adoption of these films is their versatile use in a wide range of products. Calendered PVC films are used in various construction applications such as wall cladding, roofing, and waterproofing.
These films offer weather resistance and durability. These are very cost-effective, thereby making them suitable for projects. The adoption is projected to rise significantly in the coming years, due to the rapid expansion of the construction industry in several parts of the world, especially in developing economies.
As per the survey conducted in August 2023, the global revenue of the construction industry in 2030 is estimated to be twice as big as it was in 2020. This corresponds to an incline from USD 6.4 trillion in 2020 to 14.4 trillion in 2030.
Harmful impact of PVC on the environment is likely to hamper the market during the forecast period. The production of PVC involves the release of toxic chlorine gas, which is very harmful to human health and the environment.
The growing awareness of eco-friendly alternatives and the imposition of stringent government regulations by various governments is discouraging consumers from increasing their adoption. This is likely to impede the market during the projection period.
Growing use as an alternative to plastic films is anticipated to provide substantial propulsion opportunities for the market in the coming years. PVC films are often chosen over traditional plastic films, owing to the fact that PVC films are effective, durable, flexible, and cost-effective.
Their application in various industries such as construction, packaging, and automotive is rising rapidly, owing to the versatility of these films. The growth of these industries, particularly the automotive industry, is projected to considerably increase the adoption of calendered PVC films and create lucrative prospects for the market.
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Calendered Polyvinyl Chloride Flexible Films Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
End-use (Medical, Pharmaceutical, Building & Construction, Consumer Goods, Automotive, and Industrial) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Mississippi Polymers, Inc.; MarvelVinyls; IVK Europe; HEXIS S.A.S.; Extruflex UK Limited; Ergis S. A.; Caprihans India Limited; Canadian Speciality Vinyls; Allen Plastic Industries Co., Ltd.; ALFATHERM SpA; Lawson Screen & Digital Products; and ACG |
Based on end-use, the calendered polyvinyl chloride flexible films market is divided into medical, pharmaceutical, building & construction, consumer goods, automotive, and industrial. The consumer goods segment is projected to hold the major share of the market during the projection period, owing to the extensive use of calendered PVC films in a wide range of consumer goods, including outdoor equipment, packaging, and upholstery.
These films are used in such products due to the ease of customization and flexibility. Apart from being durable, the calendered PVC films have an aesthetic appeal due to the availability of various colors and finishes for different products. This is anticipated to provide major propulsion to the segment during the forecast period.
The automotive segment is projected to register a considerable CAGR during the forecast period, as automotive exteriors and interiors require materials that can withstand wear and tear and calendered polyvinyl chloride (PVC) films are the perfect fit for this.
They are resistant to abrasion, impact, and various environmental factors. In addition, these films are easy to maintain and retain the novelty of automotive interiors by protecting them from stains and spills. These factors are likely to provide substantial growth to this segment in the coming years.
According to a survey published in August 2023, close to 75% of people are reported to have access to their own car in the US as of March 2023. There is a huge demand for motor vehicles in this country that drives the automotive industry.
In terms of region, the global calendered polyvinyl chloride flexible films market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the presence of several developing economies such as India and China.
The construction industry is expanding at a rapid pace in this region. This creates very lucrative prospects for high adoption of calendered polyvinyl chloride flexible films, thereby leading to the market growth.
The market in North America is anticipated to have major propulsion, due to the presence of several key market players. This region has an advanced industrial infrastructure and a high manufacturing capacity. Industries such as automotive, construction, and consumer electronics are thriving and are anticipated to substantially increase the requirement for calendered PVC films in the coming years.
The calendered polyvinyl chloride flexible films market has been segmented on the basis of
Key players competing in the global calendered polyvinyl chloride flexible films market are Mississippi Polymers, Inc.; MarvelVinyls; IVK Europe; HEXIS S.A.S.; Extruflex UK Limited; Ergis S. A.; Caprihans India Limited; Canadian Speciality Vinyls; Allen Plastic Industries Co., Ltd.; ALFATHERM SpA; Lawson Screen & Digital Products; and ACG.
These companies implement various development strategies including partnerships, collaboration, product launches, mergers, acquisitions, and production expansion to expand their consumer base worldwide. For instance,
In September 2022, Lawson Screen & Digital Products, one of the prominent market players, launched Lumina by FDC 4200, an intermediate ultra-high gloss vinyl film. These films are easy to use and durable, with the capability of lasting even in extreme temperatures.