Press release
Chlorinated Polyvinyl Chloride (CPVC) Market to Grow at 9.1% CAGR, Reaching $7.03 Billion by 2029
Chlorinated Polyvinyl Chloride (CPVC)
Chlorinated Polyvinyl Chloride (CPVC) Market Outlook: How is the Market Expected to Grow by 2025?
In recent times, the market size for chlorinated polyvinyl chloride (cpvc) has experienced robust growth. The market is projected to expand from $4.6 billion in 2024 to $4.96 billion in 2025, representing a compound annual growth rate (CAGR) of 7.9%. The notable growth during the historical period can be credited to a rise in piping and plumbing uses, expansion in the construction sector, flexible processing capabilities, substitution for metal pipes, the water treatment industry, and its cost-effectiveness.
Chlorinated Polyvinyl Chloride (CPVC) Market Forecast: What Size Will It Reach By 2029?
The market size of chlorinated polyvinyl chloride (cpvc) is projected to experience robust expansion in the coming years, reaching $7.03 billion by 2029 with a compound annual growth rate (CAGR) of 9.1%. This significant growth projected in the forecast period can be linked to the emphasis on water efficiency, the flourishing oil and gas sector, an increase in hydronic heating systems, demand in chemical processing plants, and sustainable building practices. Key trends anticipated throughout the forecast period encompass technological advancement in CPVC manufacturing, integration in plumbing systems, traditional plumbing materials, sustainability and environmental concerns, as well as advancements in CPVC composition.
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Which Key Market Drivers Will Shape Chlorinated Polyvinyl Chloride (CPVC) Industry Trends in 2025-2029?
The expected surge in building and construction ventures is anticipated to drive the chlorinated polyvinyl chloride market's growth. These projects entail the systematic plan to build, renovate, revamp, retrofit, or alter a structure or other constructed investment. The primary use of chlorinated polyvinyl chloride in these developments is due to its flexibility, resilience, chemical resistance, and ability to withstand high temperatures in residential and commercial properties' plumbing systems. It also handles industrial liquids and both hot and cold water supply pipelines. As per the Office for National Statistics (ONS), a governmental entity based in the UK, construction output was projected to rise by 1.0% in the three months leading up to August 2024. This development was mainly due to a 1.7% increase in new work recorded in October 2024. Consequently, the surge in the number of building and construction ventures is enhancing the chlorinated polyvinyl chloride market's growth.
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What Are the High-Growth Segments in the Chlorinated Polyvinyl Chloride (CPVC) Market?
The chlorinated polyvinyl chloride (cpvc) market covered in this report is segmented -
1) By Production Process: Solvent Method, Aqueous Suspension Method, Solid Phase Method, Other Production Process
2) By Grade: Injection Grade, Extrusion Grade
3) By Application: Pipes And Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives And Coatings, Other Applications
4) By End User Industry: Construction, Chemical, Electrical And Electronics, Healthcare, Agriculture, Other End User Industries
Subsegments:
1) By Solvent Method: Chlorination In Organic Solvents, Batch Chlorination Process
2) By Aqueous Suspension Method: Suspension Polymerization, Aqueous Chlorination
3) By Solid Phase Method: Solid-State Chlorination, Direct Chlorination
4) By Other Production Process: Continuous Production Methods, Hybrid Production Techniques
Which Global Trends Are Driving Chlorinated Polyvinyl Chloride (CPVC) Market Expansion?
The emergence of technology innovations is becoming a prominent trend in the chlorinated polyvinyl chloride sector. Leading firms in this market are concentrating on generating sophisticated partnership solutions to fortify their market standing. Lubrizol, an American specialty chemicals enterprise, and Grasim, an Indian corporation well-known for its cellulosic fibres, diversified chemicals, and fashion yarn and fabrics, launched a CPVC resin plant in November 2023 as a case in point. Developed to boost the production capacity of high-grade chlorinated polyvinyl chloride, this plant aims to fulfil the increasing needs of the plumbing, construction, and industry sectors. This sophisticated facility will employ cutting-edge technologies, emphasizing efficient manufacturing procedures and sustainability. This partnership intends to solidify the Asia supply chain and extend its influence for CPVC products while offering consumers inventive, sturdy solutions that comply with rigorous quality criteria.
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Who Are the Fastest-Growing Companies in the Chlorinated Polyvinyl Chloride (CPVC) Industry?
Major companies operating in the chlorinated polyvinyl chloride (CPVC) market include Lubrizol Corporation, Jiangsu Tianteng Chemical Industry Co. Ltd., Sekisui Chemical Co. Ltd., Sundow Polymers Co. Ltd., Hanwha Solutions Corporation, Astral Ltd., Shandong Repolyfine Additives Co. Ltd., Shriram PolyTech Ltd., GEON Performance Solutions, Henan Bingo Pipeline Co. Ltd., Petron Thermoplast LLP, Diamond Plastics Corporation, Kaneka Corporation, Shandong Xiangsheng New Materials Technology Co. Ltd., Charlotte Pipe and Foundry Company, IPEX Inc., BASF SE, Kem One SAS, Novealis Holdings LLC, Polyone Corporation, Jiangsu Days Teng Chemical Co. Ltd., Nanya Plastics Corporation, Panjin Changrui Chemical Industry Co. Ltd., Formosa Plastics Corporation, Gaoxin Chemical Co. Ltd., Yuyao XiangSheng Plastic Co. Ltd., Shanghai Chlor-Alkali Chemical Co. Ltd., Tianchen Chemical Co.Ltd., Arkema SA
What Is the Regional Outlook for the Chlorinated Polyvinyl Chloride (CPVC) Market by 2029?
Asia-Pacific was the largest region in the Chlorinated polyvinyl chloride market in 2024. The regions covered in the chlorinated polyvinyl chloride (CPVC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267,
Email: saumyas@tbrc.info
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