Press release
Chlorinated Polyvinyl Chloride Market Projections Point Toward Significant Uptake in Wastewater Treatment and Infrastructure Development Globally
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Chlorinated Polyvinyl Chloride Market Size, Share & Trends Analysis Report By Application (Pipes And Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives And Coatings And Others), End-Use Industry (Construction, Chemical, Electrical And Electronics, Healthcare, Agriculture)- Market Outlook And Industry Analysis 2034"The global chlorinated polyvinyl chloride market is estimated to reach over USD 5 billion by 2034, exhibiting a CAGR of 11.2% during the forecast period.
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Chlorinated Polyvinyl Chloride (CPVC) is a thermoplastic homopolymer produced by chlorinating polyvinyl chloride (PVC) resin, resulting in improved temperature resistance and enhanced fire retardant properties. Driven by ongoing global population growth and increasing industrialization, the demand for CPVC pipes and fittings is projected to grow steadily, contributing to market expansion in the foreseeable future. While the production and use of CPVC involve environmental considerations related to raw material extraction, energy consumption during manufacturing, and end-of-life disposal, its comparatively lower environmental footprint relative to other plastics presents significant market opportunities for manufacturers. Despite its notable advantages-such as superior corrosion resistance, ease of installation, and enhanced safety features-certain limitations may restrict CPVC's suitability for specific applications.
List of Prominent Players in the Chlorinated Polyvinyl Chloride Market:
• 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.
• Meghmani Finechem Limited
• KEM ONE,
• Hanwha Solutions
• Shandong Novista Chemicals Co., Ltd
• MITSUI & CO., LTD.
• Kunshan Maijisen Composite Materials Co., Ltd
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Market Dynamics:
Drivers:
Fire sprinkler systems, comprising water supply and distribution piping installed on walls or ceilings, are activated when sprinkler heads reach a predetermined temperature, releasing high-pressure water to extinguish fires. These systems are witnessing increased adoption across sectors such as residential housing, healthcare, and transportation. Additionally, incentives provided by numerous insurance companies for fire sprinkler installation are further driving global market penetration. CPVC is a critical material in fire sprinkler construction due to its compatibility with specialized solvent cements, enabling efficient on-site assembly with minimal technical expertise and basic tools.
Challenges:
The CPVC resin industry faces significant challenges related to safety regulations and associated production costs. The manufacture and transportation of certain raw materials and byproducts involve potential hazards. Workers are exposed to health risks from corrosive and toxic substances, including vinyl chloride, dioxin, and hydrochloric acid, especially under high-temperature and high-pressure manufacturing conditions. Compliance with stringent regulatory requirements for the handling and transport of these hazardous materials has increased operational expenses and imposed constraints on production processes.
Regional Trends:
The Asia-Pacific region is anticipated to witness robust growth in the CPVC market throughout the forecast period, driven largely by expanding construction activities and accelerating urbanization in emerging economies such as China and India. Additionally, rising demand for CPVC piping in wastewater treatment infrastructure is expected to contribute to market growth. The region's expansion is further supported by the presence of leading manufacturers, including GEON Performance Solutions, Grasim Industries, Hanwha Solutions, Kaneka, and Mitsui & Co., Ltd., among others.
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Recent Developments:
• In August 2021, Onefit CPVC piping systems with Corzan® CPVC Technology were introduced by Pipes and Fittings Limited (PPFL), an Indian provider of multi-polymer piping solutions, in collaboration with Lubrizol, the leading producer of CPVC compounds in the world.
• 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.
Segmentation of Chlorinated Polyvinyl Chloride Market -
By Application-
• Pipes and Fittings
• Fire Sprinkler Systems
• Power Cable Casing
• Adhesives and Coatings
• Others
By End-user Industry-
• Construction
• Chemical
• Electrical and Electronics
• Healthcare
• Agriculture
• 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
Read Overview Report- https://www.insightaceanalytic.com/report/chlorinated-polyvinyl-chloride-market/1523
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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