Chlorinated Polyvinyl Chloride Market: Overview
Newly-released data on the chlorinated polyvinyl chloride market shows that global sales are expected to reach US$ 4.16 Bn in 2022, registering Y-o-Y growth of 5.6%. Going forward, the market for chlorinated polyvinyl chloride is projected to exhibit a CAGR of 6.3% and reach US$ 7.69 Bn by the end of 2032.
Chlorinated Polyvinyl Chloride, commonly known as CPVC, is obtained by post production chlorination of poly vinyl chloride. Polyvinyl Chloride is chlorinated via free radical chlorination process wherein, the chlorine content varies from manufacturer to manufacturer. It is a thermoplastic polymer and has excellent corrosion resistance property. It also exhibits relatively good resistance to heat and can resist up to 90oC temperature. It exhibits relatively high resistance to acids and alkalis. Chlorinated Polyvinyl Chloride has excellent thermo-mechanicals performance and can be cut, machined, fabricated and welded. CPVC exhibits several properties that are identical to PVC. One of the major areas of application for CPVC is in manufacture of pipes & fittings.
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The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.
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Chlorinated Polyvinyl Chloride Market: Dynamics
CPVC resins are primarily used in manufacture of heat resistant pipes. As CPVC replaces copper based pipes. Thus, growing use of CPVC in several applications across diverse industries is expected to drive the growth of global Chlorinated Polyvinyl Chloride (CPVC) market during the forecast period. One of the major applications of CPVC is that it is used in fire sprinklers.
Increasing safety regulations and increasing use of fire sprinklers across the globe are expected to drive the growth of global chlorinated polyvinyl chloride (CPVC) market during the forecast period. Also, CPVC pipes are relatively less expensive as compared to metal pipes. Thus, there is a shift towards the use of relatively cheaper yet effective and durable CPVC pipes & fittings. However, brittle nature of the pipes manufactured using CPVC and relatively higher cost of repairs associated with leak damages in case of CPVC pipes are expected to result in increasing demand for alternative materials.
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Global Chlorinated Polyvinyl Chloride Market: Segmentation
On the basis of the process
- Solvent Method
- Solid-Phase Method
- Aqueous Suspension Method
On the basis of the applications
- Pipe & fitments
- Fire Sprinkler Systems
- Power cable casing
- Coatings and adhesives
Global Chlorinated Polyvinyl Chloride Market: Regional Outlook
The global chlorinated polyvinyl chloride market is segmented into seven key regions such as North America, Latin America, Western Europe, Eastern Europe, Middle East and Africa, Asia-Pacific excluding Japan and Japan. Among the aforementioned regions North America accounts for major share in global chlorinated polyvinyl chloride market value. However developing countries in Asia-Pacific region are expected to drive the CPVC market growth during the forecast period. Increasing constructions and manufacturing units in these developing countries are expected to n turn result in increasing demand for chlorinated polyvinyl chloride products in these regions during the forecast period. Asia-Pacific market is followed by Europe and Latin America CPVC markets during the forecast period.
Global Chlorinated Polyvinyl Chloride Market: Key Players
Some of the identified major players operating in the global chlorinated polyvinyl chloride market are as follows:
- The Lubrizol Corporation
- SEKISUI CHEMICAL CO., LTD.
- BASF AG
- Kem One SAS
- Kaneka Corporation
- PolyOne Corporation
- Jiangsu days Teng Chemical Co., Ltd
- Shandong Kexing Chemical Co., Ltd.
- Shandong Tianchen Chemical Co., Ltd.
- Panjin Changrui Chemical Industry Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.
This report covers a thorough analysis of:
- Market segment
- Market dynamics
- Market size
- Supply demand
- Current Trends/Issues/Challenges
- Competition and related companies
- Technology
- Value chain
Regional analysis includes:
- North America (USA, Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, UK, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia and New Zealand)
- Japan
- Middle East and Africa (GCC countries, South Africa, North Africa)
Report highlights:
- Detailed overview of the top markets
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- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- competitive landscape
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- Potential and niche segments, areas showing promising growth
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