According to ChemAnalyst report, “Global Chlorinated Polyvinyl Chloride (CPVC) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, The Chlorinated Polyvinyl Chloride (CPVC) market is anticipated to reach approximately 1400 thousand tonnes in 2032 at an expected CAGR of 5.73% in the forecast period. The rising demand for Chlorinated Polyvinyl Chloride from major end-use industries like Hot Water pipes/fittings, Industrial pipes/fittings, Fire Sprinkler pipes/fittings, Underground pipes for housing power cables, and Others, will most likely favor the Chlorinated Polyvinyl Chloride (CPVC) market expansion in the upcoming years.
Chlorinated Polyvinyl Chloride (CPVC) is a versatile polymer. Polyvinyl chloride is chlorinated to produce chlorinated polyvinyl chloride. It is a polymer with thermoplastic properties and has exceptional corrosion resistance. Additionally, it exhibits a good deal of thermal stability. It has a greater than average tolerance to acid and alkali. Chlorinated polyvinyl chloride can be fabricated and welded together and displays excellent thermomechanical performance. Applications of chlorinated polyvinyl chloride include pipes and fittings, fire sprinkler systems, adhesives, coatings, etc. CPVC occurs in the form of rods, sheets, and tubes. CPVC is suitable for self-supporting buildings at temperatures up to 200°F due to its excellent corrosion resistance at high temperatures. Its flexibility allows its usage in a wide range of applications, including cleaners, tanks, and ventilation systems.
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The global Chlorinated Polyvinyl Chloride (CPVC) market is mainly driven by its usage to manufacture pipes & fittings. CPVC exhibits greater tensile and impact strength in pipes and fittings and is non-toxic. It can be used with fluids that are up to 80°C or greater in low-pressure systems. It can be used in hot and cold water systems as well as hot and cold chemical distribution systems, depending on local building requirements. Additionally, CPVC has uses in fire sprinkler systems and is frequently used in commercial buildings because of its durability, simplicity in fabrication, and ease of installation. Also, growing economies and infrastructure development are anticipated to further fuel the demand for pipes & fittings, thus anticipated to swell up the Chlorinated Polyvinyl Chloride (CPVC) market in the forecast period.
The Chlorinated Polyvinyl Chloride (CPVC) market is segregated based on grade, end-use, sales channel, and region. Based on grade, the Chlorinated Polyvinyl Chloride (CPVC) market is segregated into Pipe & Fitting (Extrusion) Grade, Adhesive Grade, and Sheathing Grade. Although, the Pipe & Fitting (Extrusion) Grade dominates the global CPVC market and accounted a market share of nearly 84% in 2022.
Based on the end-user industry, the global Chlorinated Polyvinyl Chloride (CPVC) market is segmented into Hot Water pipes/fittings, Industrial pipes/fittings, Fire Sprinkler pipes/fittings, Underground pipes for housing power cables, and Others. Among these, the Hot Water pipes/fittings industry is dominating the Global Chlorinated Polyvinyl Chloride (CPVC) market. This segment held roughly 50% of the Chlorinated Polyvinyl Chloride market in 2022.
Based on region, the Asia Pacific is dominating the Chlorinated Polyvinyl Chloride (CPVC) market. In 2022, Asia Pacific held demand of approximately 60% of the global Chlorinated Polyvinyl Chloride (CPVC) market. Additionally, the growing demand for CPVC in the building and industrial sectors significantly fuels the expansion of this market in the Asia Pacific region. The Chlorinated Polyvinyl Chloride (CPVC) market is anticipated to grow during the forecast period due to impelling demand from end-use industries such as Building & Construction sectors. As of 2022, China has been the leading producer of Chlorinated Polyvinyl Chloride (CPVC) among the other regions of the globe.
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“Global Chlorinated Polyvinyl Chloride (CPVC) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032”, the significant players functional in the Global Chlorinated Polyvinyl Chloride (CPVC) are Lubrizol Advanced Materials, Kaneka Corporation, Sekusei Chemicals Co Ltd, Hanwha Chemical Corporation, Shandong Xiangsheng New Materials Technology Co., Ltd., Evonik Industries, Hangzhou Electrochemical New Material Co. Ltd., Shandong Gaoxin Chemicals Co.Ltd, Novista Group, Shangdong Yada New Material Co Ltd., Sundow Polymers Co Ltd, DCW Limited, and Others.
“Continuously increasing demand of pipes & fittings with fast-paced infrastructure industrialization across the globe is expected to boost the demand for Chlorinated Polyvinyl Chloride (CPVC) as a raw material to fabricate these pipes & fittings in the forecast period until 2032. Due to the properties of Chlorinated Polyvinyl Chloride (CPVC) such as electrical insulation, reusability, resistance to corrosion, and waterproofing qualities, CPVC is widely used by various industries such as electronics & electricals, cables and wires, sheets and films, bottles, hoses, tubing, etc. Additionally, CPVC is more heat resistant than Polyvinyl Chloride (PVC), which makes it a beneficial polymer for a variety of industrial applications. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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