11.2% CAGR of Chlorinated Polyvinyl Chloride (CPVC) Market to Gain Around USD 4.26 Billion by 2032 || Report by Emergen Research

The global Chlorinated Polyvinyl Chloride (CPVC) market is poised to experience significant expansion in the coming years, according to a recent market research report. With a recorded size of USD 1.48 billion in 2022, the market is projected to achieve a notable revenue Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period.

Key factors propelling this growth include the rising demand for CPVC as an alternative to metal pipes due to its resistance to internal and external corrosion, high temperatures, and fire-retardant properties. Moreover, the increasing adoption of CPVC in applications such as fire sprinkler systems, power cable casing, and tubes is contributing to the market's upward trajectory.

In recent years, countries worldwide have witnessed a surge in the adoption of CPVC materials, leading to significant technological advancements and strategic developments among market players. One such instance is the acquisition of Bow Plumbing Group Inc. by Wavin B.V., aimed at expanding product portfolios and leveraging global footprints and innovation capabilities to drive sustainable development in residential and urban sectors.

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The corrosion resistance and durability of CPVCs are identified as major drivers of market revenue growth. CPVC pipes are favored for their exceptional resistance to corrosion, extending their lifespan and reducing maintenance costs compared to traditional metal pipes.

However, challenges such as higher processing temperatures compared to conventional PVC pose restraints to market growth. Despite these challenges, CPVC resin offers enhanced properties attractive for various applications, driving its adoption across industries.

Segmentation analysis reveals insights into the CPVC market dynamics:
• Production Process Insights: The solvent method segment is anticipated to hold the largest market share, driven by benefits such as extensive production capacities, continuous operation, automation, and lower energy consumption.

• Grade Insights: The extrusion grade segment is poised to dominate, registering the fastest revenue growth rate. Extrusion grade CPVC is primarily used to create continuous, long shapes, meeting diverse application requirements.

• Application Insights: The pipes & fittings segment leads in market share, widely used in hot & cold-water functionalities, water supply & distribution, and various industrial applications. CPVC pipes & fittings are preferred for their lightweight, non-corrosive, and durable properties, making them suitable for diverse sectors including chemical, oil & gas, mining, electrical & electronics, and building & construction.
The global Chlorinated Polyvinyl Chloride (CPVC) market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products.

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Some of the major companies included in the global Chlorinated Polyvinyl Chloride (CPVC) market report are:
• DCW Ltd.
• The Lubrizol Corporation
• SEKISUI CHEMICAL CO., LTD.
• Shandong Kexing Chemical Co., Ltd.
• BASF SE
• Kem One
• Kaneka Corporation
• PolyOne Corporation
• Jiangsu days Teng Chemical Co., Ltd
• Shandong Tianchen Chemical Co., Ltd.
• Weifang Kingdom Plastic
• Sundow Polymers
• Hanwa Solutions

Chlorinated Polyvinyl Chloride (CPVC) Latest Industry News
• On June 21, 2023, The Lubrizol Corporation announces the licensing of its novel excipient polymer technology, Apisolex excipient, to Welton Pharma (Welton). The license allows Welton to use the Apisolex excipient worldwide to develop and commercialize a novel formulation of SN-38 to treat colorectal and associated gastro-intestinal cancers.

• On December 17, 2021, Apollo announced that funds managed by its affiliates (the "Apollo Funds") have completed the acquisition of Kem One Group from De Krassny GmbH. Kem One is a leading European producer of polyvinyl Chloride (CPVC) (PVC), used mainly in construction, packaging and medical applications, as well as caustic soda. The Company operates eight industrial sites across France and Spain.

Chlorinated Polyvinyl Chloride (CPVC) Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global Chlorinated Polyvinyl Chloride (CPVC) market on the basis of production process, grade, application, and region:

• Production Process Outlook (Revenue, USD Billion; 2019-2032)
o Solvent Method
o Solid-phase Method
o Aqueous Suspension Method

• Grade Outlook (Revenue, USD Billion; 2019-2032)
o Injection Grade
o Extrusion Grade

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Pipes & Fittings
o Fire Sprinkler Systems
o Power Cable Casing
o Adhesives & Coatings

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• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

Overall, the global Chlorinated Polyvinyl Chloride (CPVC) market exhibits promising growth prospects fueled by its versatile applications, durability, and resistance properties. As industries continue to prioritize sustainable and efficient materials, CPVC emerges as a reliable solution meeting diverse demands across sectors.

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