Press release
Chlorinated Polyvinyl Chloride Market Exclusive Trends Analysis with Forecast to 2031
The global chlorinated polyvinyl chloride market is estimated to reach over USD 10.03 billion by 2031, exhibiting a CAGR of 7.69% during the forecast period.
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Chlorinated Polyvinyl Chloride is a thermoplastic homopolymer that is derived from polyvinyl chloride resin that has been subjected to a chlorination process. The addition of chlorine to PVC results in enhanced temperature performance and improved fire resistance. It is anticipated that global population growth and industrialization will result in a further increase in the demand for chlorinated PVC pipes and fittings, which will further stimulate the CPVC market in the years ahead. The environment is impacted by each form of piping material and product.
Some of these environmental ramifications include the acquisition of raw materials required to construct various types of piping, the consumption of energy to manufacture the piping, and the disposal of the material after it is completed. The significant potential for CPVC producers is a result of the fact that CPVC is more environmentally favourable than other plastics. Despite the numerous performance benefits of CPVC, such as exceptional corrosion resistance, simplicity of installation, and a variety of other safety advantages, it has certain drawbacks and limitations that are specific to specific applications.
List of Prominent Players in the Chlorinated Polyvinyl Chloride Market:
• Meghmani Finechem Limited
• KEM ONE,
• Hanwha Solutions
• Shandong Novista Chemicals Co., Ltd
• MITSUI & CO., LTD.
• Kunshan Maijisen Composite Materials Co., Ltd
• Shandong Xiangsheng New Materials Technology Co., Ltd.
• Sundow Polymers Co., Ltd
• Via Chemical Co., Ltd.,
• ASTRAL LIMITED
• Grasim Industries Limited
• DCW Ltd., KANEKA CORPORATION,
• PolyOne Corporation
• Reliance Industries Ltd
• Hangzhou Electrochemical Group Co., Ltd.
• Shandong Pujie Plastic and Rubber Co.Ltd.
• BASF SE
• Shandong Tianchen Chemical Co., Ltd.
• Shriram PolyTech
• SEKISUI CHEMICAL CO., LTD.
• Shandong Repolyfine Additives Co., Ltd.
• The Lubrizol Corporation
• Jiangsu Tianteng Chemical Industry Co., Ltd.
Market Dynamics:
Drivers-
A fire sprinkler system is composed of a water supply and distribution piping system that is affixed to walls or ceilings. In the event of a fire outbreak, the sprinkler head is activated, and high-pressure water is sprayed over the flames to extinguish them at the activation temperature. In recent years, these systems have gained popularity in the transportation, healthcare, and housing sectors. Furthermore, numerous insurance organizations are offering incentives for the installation of these systems, which has resulted in an increase in their international sales. CPVC is a critical component of the construction of fire sprinklers. The CPVC used to connect fire sprinklers and their fittings is a specialized solvent cement that can be applied on-site by any installation with basic instructions and inexpensive, common materials.
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Challenges:
A fire sprinkler system is affixed to walls or ceilings and consists of a water supply and distribution conduit system. The sprinkler head is activated during a fire outbreak, and high-pressure water is released over the flames to extinguish them at the activation temperature. In the transportation, healthcare, and housing sectors, these systems have recently experienced a surge in popularity. Additionally, many insurance organizations are providing incentives for installing these systems, which has led to a rise in their international sales. The use of CPVC significantly influences the construction of fire sprinklers. The CPVC utilized to connect fire sprinklers and their connectors is a specialized solvent cement that can be applied on-site by any installation with basic instructions and inexpensive, common materials.
Regional Trends:
The Asia-Pacific region is anticipated to experience substantial growth during the projection period. The chlorinated polyvinyl chloride market is primarily driven by the expansion of urbanization and construction activity in developing countries such as China and India. Further, the market is anticipated to expand in the years ahead due to the increasing demand for CPVC pipes in effluent treatment facilities. Furthermore, numerous manufacturers, such as GEON Performance Solutions, Grasim Industries, Hanwha Solutions, Kaneka, Mitsui & Co., Ltd., and others, contribute to the region's market expansion.
Recent Developments:
• In August 2021, Pipes and Fittings Limited (PPFL), an Indian provider of multi-polymer piping solutions, recently introduced Onefit CPVC piping systems with Corzan® CPVC Technology in collaboration with Lubrizol, the world's foremost producer of CPVC compounds.
• In December 2019, Three chlorinated polyethylene application systems, including the chlorinated polyethylene reinforced filling design, the chlorinated polyethylene plasticizing system, and the chlorinated polyethylene durable protection system, were introduced by Panjin Changrui Chemical Industry Co., Ltd.
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Segmentation of Chlorinated Polyvinyl Chloride Market -
By End-user Industry-
• Construction
• Chemical
• Electrical and Electronics
• Healthcare
• Agriculture
• Others
By Application-
• Pipes and Fittings
• Fire Sprinkler Systems
• Power Cable Casing
• Adhesives and Coatings
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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