Press release
Chlorinated Polyvinyl Chloride Market Size by Application, Type, Geographic Scope, and Forecast
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.
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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.
By application, the pipes & fittings segment held the largest share in 2021 and is projected to maintain its dominance by 2031. The others segment, on the other hand, would showcase the fastest CAGR of 7.7% during the forecast period. The others segment includes textile fiber, films and sheets, water and wastewater treatment.
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By end user industry, the construction segment dominated the global chlorinated polyvinyl chloride market in 2021. The chemical segment, on the other hand, would display the fastest CAGR throughout the forecast period.
By region, Asia-Pacific held the major share in 2021. The same region would also showcase the fastest CAGR of 7.6 % from 2022 to 2031. The other provinces assessed through the report include North America, Europe, and LAMEA.
The key market players analyzed in the global chlorinated polyvinyl chloride market report include 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 Limited, 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., Meghmani Finechem Limited, KEM ONE, Hanwha Solutions, Shandong Novista Chemicals Co., Ltd., MITSUI and CO., LTD., and Kunshan Maijisen Composite Materials Co., Ltd. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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