PVC Furniture Foil Market Analysis, Trends, Forecast, 2024-2030

February 10, 2021

Polyvinyl chloride (PVC) furniture foil is used extensively in the furniture industry, as it possesses unique characteristics such as light weight, durability, and affordability. PVC is highly versatile. It is suitable for modern architectural applications in residential and commercial construction.
PVC furniture foil is lead free, water resistant, highly flexible, and rigid. It is used as a trendy option in interior and exterior esthetics of a building. Of late, PVC furniture foil has been a material of choice, particularly in residential construction applications.

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Rise in the smart city projects and infrastructure development projects in various countries across the globe is likely to boost the demand for PVC furniture foil in the near future. Increase in furniture spending, driven by rise in demand for improved esthetics in commercial and residential spaces, is expected to boost the PVC furniture foil market in the near future.
Global construction activities are anticipated to rise in single-family construction, residential refurbishment, and educational facilities in the near future. Demand for PVC furniture foil is estimated to increase substantially, particularly in new construction, during the forecast period due to its enhanced esthetic appeal.

Environmental concerns regarding the chemical composition of PVC furniture foil is projected to hamper the market during the forecast period

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The global PVC furniture foil industry is projected to be adversely affected post the coronavirus pandemic, due to the delay in construction activities
The global spread of COVID-19 has substantially disrupted the global real estate industry. Decrease in availability of labor, low production rates, and delay in legal activities associated with construction activities are likely to significantly hinder the global PVC furniture foil market in the near future.

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Based on application, the global PVC furniture foil market can be divided into wardrobes, wall fixtures, kitchen furniture, tabletops and others. In terms of end-use, the market can be segregated into residential construction, non-residential construction, and commercial construction.
Demand for PVC furniture foil is expected to be high in kitchen furniture and wardrobes in the near future due to the easy maintenance and lightweight features of PVC furniture foil
In terms of demand, the commercial construction end-use segment is anticipated to expand significantly in areas including retail establishments, shopping malls, offices, and hospitality spaces during the forecast period

In terms of region, the global PVC furniture foil market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Asia Pacific was the leading region of the global PVC furniture foil market in 2019 owing to the expanding population and increase in construction activities in the region. This trend is likely to continue during the forecast period. The region has been experiencing urbanization at an exponential rate in the recent years. With an ambitious plan of developing 19 gigantic urban clusters (supercities), China is strengthening the links among cities to achieve greater urbanization.
India has been witnessing significant interest from international investors in the infrastructure space, led by the ongoing government, social, and public mega infrastructure projects. Increase in construction and infrastructure development in India’s tier-II and III cities is estimated to provide lucrative potential for architectural activities. Such trends are projected to drive the demand for PVC furniture foil in Asia Pacific by 2030.