Press release
Chlorinated Polyvinyl Chloride Market Is Booming Worldwide with A CAGR of 7.0% from 2022 to 2031
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Drivers, restraints, and opportunities
Rise in developments in the construction industry, surge in urbanization, and residential construction in developing countries drive the growth of the global chlorinated polyvinyl chloride market. However, high cost associated with cPVC hinders the market growth. On the contrary, surge in demand for waste water treatment and resistance of cPVC against aggressive chemicals during wastewater treatment process would open new opportunities in the future.
The global chlorinated polyvinyl chloride market is analyzed across application, end-user industry,and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/request-for-customization/14147
The chemical segment to manifest the highest CAGR through 2030
By end user industry, the chemical segment would showcase the highest CAGR of 7.2% from 2021 to 2030, as featured offered by cPVC are superior as compared to substitute products. However, the construction segment held the largest share in 2020, contributing to more than one-third of the global chlorinated polyvinyl chloride market, as cPVC is preferred choice for most use in several products such as cable, casing, and pipes & fittings, and others.
Asia-Pacific held the largest share; North America to grow significantly
By region, the global chlorinated polyvinyl chloride market across Asia-Pacific held the lion's share in 2020, accounting for more than half of the market. In addition, the region would showcase the highest CAGR of 7.1% from 2021 to 2030, as construction and chemical end-use industry would thrive in the region.
Major Market Players
Astral Limited
GEON Performance Solutions
Grasim Industries Limited
Hanwha Solutions
Kaneka Corporation
Mitsui & Co., Ltd.
Novista Group
Sekisui Chemicals Co., Ltd.
Shandong Xiangsheng New Materials Technology Co., Ltd.
The Lubrizol Corporation
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