Chlorinated Polyvinyl Chloride Market is Expected to Grow at a CAGR of 6.3% by the End of 2032

Going forward, the market for chlorinated polyvinyl chloride is projected to exhibit a CAGR of 6.3% and reach US$ 7.69 Bn by the end of 2032.

Chlorinated Polyvinyl Chloride Market: Overview

Chlorinated Polyvinyl Chloride, commonly known as CPVC, is obtained by post production chlorination of poly vinyl chloride. Polyvinyl Chloride is chlorinated via free radical chlorination process wherein, the chlorine content varies from manufacturer to manufacturer. It is a thermoplastic polymer and has excellent corrosion resistance property. It also exhibits relatively good resistance to heat and can resist up to 90oC temperature. It exhibits relatively high resistance to acids and alkalis. Chlorinated Polyvinyl Chloride has excellent thermo-mechanicals performance and can be cut, machined, fabricated and welded. CPVC exhibits several properties that are identical to PVC. One of the major areas of application for CPVC is in manufacture of pipes & fittings.

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Chlorinated Polyvinyl Chloride Market: Dynamics

CPVC resins are primarily used in manufacture of heat resistant pipes. As CPVC replaces copper based pipes. Thus, growing use of CPVC in several applications across diverse industries is expected to drive the growth of global Chlorinated Polyvinyl Chloride (CPVC) market during the forecast period. One of the major applications of CPVC is that it is used in fire sprinklers.

Increasing safety regulations and increasing use of fire sprinklers across the globe are expected to drive the growth of global chlorinated polyvinyl chloride (CPVC) market during the forecast period. Also, CPVC pipes are relatively less expensive as compared to metal pipes. Thus, there is a shift towards the use of relatively cheaper yet effective and durable CPVC pipes & fittings. However, brittle nature of the pipes manufactured using CPVC and relatively higher cost of repairs associated with leak damages in case of CPVC pipes are expected to result in increasing demand for alternative materials.

Drivers, Restraints, and Challenges:

Drivers:

• Growing demand for CPVC in various end-use industries such as construction, automotive, electrical, and others.
• CPVC's superior properties such as high thermal stability, low thermal conductivity, and excellent fire resistance, make it a preferred material for various applications.
• Increasing awareness about environmental-friendly and energy-efficient materials has led to a shift towards CPVC, as it is a recyclable and energy-efficient material.
• The growth of the construction industry, particularly in emerging economies, is driving the demand for CPVC, as it is used in pipes and fittings for plumbing and HVAC applications.

Restraints:

• The high cost of CPVC compared to other materials such as PVC and PE is a major restraint for the growth of the CPVC market.
• The availability of cheaper alternatives to CPVC, particularly in developing economies, can hinder the growth of the CPVC market.
• Stringent regulations related to the use of CPVC in certain applications, particularly in the food and beverage industry, can limit the market growth.

Challenges:

• The volatility in the prices of raw materials used to produce CPVC can pose a challenge for manufacturers to maintain stable prices and profitability.
• The lack of awareness about the benefits and properties of CPVC among end-users can hamper the growth of the market.
• The increasing competition from other materials, particularly thermoplastic materials such as PEX and PP-R, can pose a challenge for the CPVC market to maintain its market share.

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Global Chlorinated Polyvinyl Chloride Market: Segmentation

On the basis of the process

• Solvent Method
• Solid-Phase Method
• Aqueous Suspension Method

On the basis of the applications

• Pipe & fitments
• Fire Sprinkler Systems
• Power cable casing
• Coatings and adhesives

Global Chlorinated Polyvinyl Chloride Market: Regional Outlook

The global chlorinated polyvinyl chloride market is segmented into seven key regions such as North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Asia-Pacific excluding Japan and Japan. Among the aforementioned regions North America accounts for major share in global chlorinated polyvinyl chloride market value. However developing countries in Asia-Pacific region are expected to drive the CPVC market growth during the forecast period. Increasing constructions and manufacturing units in these developing countries are expected to n turn result in increasing demand for chlorinated polyvinyl chloride products in these regions during the forecast period. Asia-Pacific market is followed by Europe and Latin America CPVC markets during the forecast period.

Global Chlorinated Polyvinyl Chloride Market: Key Players

Some of the identified major players operating in the global chlorinated polyvinyl chloride market are as follows:

• The Lubrizol Corporation
• SEKISUI CHEMICAL CO., LTD.
• BASF AG
• Kem One SAS
• Kaneka Corporation
• PolyOne Corporation
• Jiangsu days Teng Chemical Co., Ltd
• Shandong Kexing Chemical Co., Ltd.
• Shandong Tianchen Chemical Co., Ltd.
• Panjin Changrui Chemical Industry Co., Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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