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Overview and Scope
Chlorinated polyvinyl chloride (CPVC) refers to a high-temperature thermoplastic that is produced by the chlorination of polyvinyl chloride (PVC) resin. CPVC materials exhibit high mechanical strength, impact resistance, and flame-retardant properties which are used for plumbing applications in residential, commercial, and industrial buildings.
Sizing and Forecast
The chlorinated polyvinyl chloride (cpvc) market size has grown strongly in recent years. It will grow from $4.21 billion in 2023 to $4.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to increased piping and plumbing applications, growth in construction industry, versatility in processing, replacement for metal pipes, water treatment industry, cost-effective alternative.
The chlorinated polyvinyl chloride (cpvc) market size is expected to see strong growth in the next few years. It will grow to $6.47 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to focus on water efficiency, expanding oil and gas sector, rise in hydronic heating systems, demand in chemical processing plants, sustainable construction practices. Major trends in the forecast period include technological innovations in cpvc production, integration in plumbing systems, traditional piping materials, sustainability and environmental considerations, advancements in cpvc formulations.
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Segmentation & Regional Insights
The chlorinated polyvinyl chloride (cpvc) market covered in this report is segmented –
1) By Production Process: Solvent Method, Aqueous Suspension Method, Solid Phase Method, Other Production Process
2) By Grade: Injection Grade, Extrusion Grade
3) By Application: Pipes And Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives And Coatings, Other Applications
4) By End User Industry: Construction, Chemical, Electrical And Electronics, Healthcare, Agriculture, Other End User Industries
Asia-Pacific was the largest region in the Chlorinated polyvinyl chloride market in 2023. The regions covered in the chlorinated polyvinyl chloride (cpvc) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An upsurge in the number of building and construction projects is expected to propel the growth of the chlorinated polyvinyl chloride market going forward. Building and construction projects refer to the planned process of constructing, renovating, refurbishing, retrofitting, or modifying a structure or other constructed asset. Chlorinated polyvinyl chloride is primarily used in building and construction projects due to its flexibility, durability, chemical resistance, and ability to handle high temperatures in plumbing systems for residential and commercial buildings. Additionally, it handles industrial liquids as well as hot and cold-water supply pipelines. For instance, in July 2021, according to the Department for Levelling Up, Housing, and Communities (DLUHC), a UK-based government department, construction of residential structures and houses grew by 4 % to 49,470 in the UK from 2020 to 2021. Further, compared to the prior year, building and construction in London significantly increased in 2021, rising by 18 % to 14,530. Therefore, the upsurge in the number of building and construction projects is driving the growth of the chlorinated polyvinyl chloride market.
Key Industry Players
Major companies operating in the chlorinated polyvinyl chloride (cpvc) market report are Lubrizol Corporation, Jiangsu Tianteng Chemical Industry Co. Ltd., Sekisui Chemical Co. Ltd., Sundow Polymers Co. Ltd., Hanwha Solutions Corporation, Astral Ltd., Shandong Novista Chemicals Co. Ltd., Shandong Repolyfine Additives Co. Ltd., Shandong Tianchen Chemical Co. Ltd., Shriram PolyTech Ltd., GEON Performance Solutions, Henan Bingo Pipeline Co. Ltd., Petron Thermoplast LLP, Diamond Plastics Corporation, Kaneka Corporation, Shandong Xiangsheng New Materials Technology Co. Ltd., Charlotte Pipe and Foundry Company, IPEX Inc., BASF SE, Kem One SAS, Novealis Holdings LLC, Polyone Corporation, Jiangsu Days Teng Chemical Co. Ltd., Nanya Plastics Corporation, Panjin Changrui Chemical Industry Co. Ltd., Formosa Plastics Corporation, Axiall Corporation (Westlake Chemical Corporation), Gaoxin Chemical Co. Ltd., Shandong Xuye New Materials Co.Ltd., Yuyao XiangSheng Plastic Co. Ltd., Shanghai Chlor-Alkali Chemical Co. Ltd., Tianchen Chemical Co.Ltd., Arkema SA
The chlorinated polyvinyl chloride (cpvc) market report table of contents includes:
1. Executive Summary
2. Chlorinated Polyvinyl Chloride (CPVC) Market Characteristics
3. Chlorinated Polyvinyl Chloride (CPVC) Market Trends And Strategies
4. Chlorinated Polyvinyl Chloride (CPVC) Market – Macro Economic Scenario
5. Global Chlorinated Polyvinyl Chloride (CPVC) Market Size and Growth
….
31. Global Chlorinated Polyvinyl Chloride (CPVC) Market Competitive Benchmarking
32. Global Chlorinated Polyvinyl Chloride (CPVC) Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Chlorinated Polyvinyl Chloride (CPVC) Market
34. Chlorinated Polyvinyl Chloride (CPVC) Market Future Outlook and Potential Analysis
35. Appendix
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