C-PVC Market Was Valued at USD 1,312.8 million in 2021, Increasing Demand for CPVC in the Manufacture of Power Cable Cases and Tubes

According to Precision Business Insights (PBI) latest report The Global C-PVC market is accounted for USD 1,312.8 million in 2021, expanding at a growth rate of 10.4% from 2022 to 2028. The global C-PVC Market is segmented into the following types: By Process (Solvent Method, Solid-Phase Method, and Aqueous Suspension Method), By Application (Pipes & Fitments, Fire Sprinkler Systems, Coatings and Adhesives, and Power Cable Casing), By Production Method (UV and Heat) and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Forecast to 2028. Key player's profiles in the Gaoxin Chemical, Kaneka Chemical, Lubrizol, Novista, Panjin Changrui, Sekisui Chemical, Shanghai Chlor-Alkali Chemical, Sundow Polymers, Xiangsheng Plastic and Xuye New Materials.

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Fire Sprinkler Systems Dominate the C-PVC Market
Based on application, fire sprinkler systems segment registered a significant market share and it is expected to grow with a CAGR of 10.7% from 2022 to 2028. To link fire sprinklers and fittings, CPVC uses a proprietary solvent cement that may be done on-site with standard, low-cost tools by any installation with basic training. The usage of fire sprinklers has become an integral aspect of any processing or manufacturing business, including oil and gas, pharmaceuticals, and construction, among others, allowing the use of CPVC in the manufacture of fire sprinklers to expand.

From a safety standpoint, the government and concerned regulatory organizations have supported the use of fire sprinklers in manufacturing facilities. The fire sprinklers attract demand from manufacturing facilities due to improved safety precautions across the globe.

North America leads C-PVC Market
North America accounted for a significant market share in the C-PVC market during the forecast period and it is expected to continue the growth in future due to surging demand for the products. The thermomechanical outputs of CPVC are numerous, and it can be welded, assembled, machined, and used in a variety of end-user applications. The Asia Pacific market is predicted to be the fastest-growing market, with China and India contributing significant revenue share in the region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players
C-PVC market players adopting strategies such as launch of newer products, frequent product approvals, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, For instance, in Oct 2020, Lubrizol Advanced Materials Inc. and Grasim Industries Ltd. have agreed to manufacture and supply chlorinated polyvinyl chloride (CPVC) resins in India.

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Detailed Segmentation
The C-PVC market is segmented based on process, application, production method and geography.
Based on the Process, the market is segmented into the following:
• Solvent Method
• Solid-Phase Method
• Aqueous Suspension Method

Based on the Application, the market is segmented into the following:
• Pipes & Fitments
• Fire Sprinkler Systems
• Coatings and Adhesives
• Power Cable Casing

Based on the Production Method, the market is segmented into the following:
• UV
• Heat

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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