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2022
Chlorinated Polyvinyl Chloride Market

Chlorinated Polyvinyl Chloride Market

by Application (Pipes & Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives & Coatings, Others), by End User Industry (Construction, Chemical, Electrical & Electronics, Healthcare, Agriculture, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030

Report Code: A13778
Pages: 305
May 2022 | 1355 Views
Author(s) : Arpita K, Pratik M , Yerukola P
Tables: 201
Charts: 62
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Chlorinated Polyvinyl Chloride Market Research, 2030

The global chlorinated polyvinyl chloride market was valued at $4.6 billion in 2020, and is projected to reach $8.6 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.

COVID-19 outbreak across the globe had halted the production activities of various end-use industries such as construction, textiles, electronics and others amid government imposed lock down measures. Owing to these factors, the growth of chlorinated polyvinyl chloride (CPVC) market is expected to showcase a marginal impact in 2020.

Chlorinated Polyvinyl Chloride (CPVC) is a special type of polyvinyl chloride with added chloride and can be welded, machined, and fabricated to cater to various thermo-mechanical performances. It is a thermoplastic polymer with superior resistance to corrosion as well as heat and has excellent thermo-mechanical properties. CPVC majorly finds application in the fabrication of pipes & fittings.

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The demand for CPVC is expected to increase in the near future, owing to developments in the construction industry. In addition, increase in urbanization and residential construction in developing countries including China, India and others, is anticipated to fuel the market growth during the forecast period. Furthermore, CPVC finds applications in fire sprinkler systems and is widely used in commercial buildings and institutional buildings, due to durability, ease of fabrication and installation, and faster installation, which is expected to help boost the market growth. However, high cost associated with CPVC may hamper the steady growth of the market. Nonetheless, increase in demand for waste water treatment and resistance of CPVC against various aggressive chemicals used during the wastewater treatment process is anticipated to create lucrative opportunities for the growth of the CPVC market.

The chlorinated polyvinyl chloride market is segmented into By Application and By End User Industry.

The Chlorinated Polyvinyl Chloride (CPVC) market is segmented on the basis of application, end-user industry, and region. By application, the market is classified into pipes & fittings, fire sprinkler systems, power cable casing, adhesives & coatings, and, others. By end user-industry, the market is categorized into construction, chemical, electrical & electronics, healthcare, agriculture, and others. The regional market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is dominating the market in terms of demand for Chlorinated Polyvinyl Chloride (CPVC) and is predicted to maintain its dominance over the projection period. The growth of Chlorinated Polyvinyl Chloride (CPVC) market in the region is due to increase in construction and production units. China and India are the major contributors for the market growth, owing to rise in construction activities.

The key players profiled in the report include Astral Limited; GEON Performance Solutions; Grasim Industries Limited; Hanwha Solutions; Kaneka Corporation; Mitsui & Co., Ltd.; Novista Group; Sekisui Chemicals Co., Ltd.; Shandong Xiangsheng New Materials Technology Co., Ltd.; and The Lubrizol Corporation.

Chlorinated Polyvinyl Chloride Market
By Application

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Pipes & Fittings is projected as the most lucrative segment

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Pipes & fittings segment is expected to hold a dominant share during the forecast period. The demand for CPVC pipes & fittings is witnessing growth, owing to its increase in residential and industrial applications, and ability to withstand higher temperatures as compared to plastic piping system. The CPVC pipes & fittings are excellent for distributing hot and cold water in residential as well as industrial projects.

Chlorinated Polyvinyl Chloride Market
By End User Industry

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Construction end-use industry is expected to dominate the market

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Construction segment is expected to be the most lucrative application for CPVC. CPVC is widely used for siding substrates, window components, and doors. It is also used in high-rise building applications in recent years, owing to rise in awareness about its installation and performance benefits among plumbers and engineers. CPVC is an excellent material for high-rise building, due to its ease of installation and cost-effectiveness. Further, it meets or exceeds all applicable building codes as well as standards. It provides a faster, safer, and more efficient installation. The thermal capabilities of CPVC offer advantages in the areas of energy efficiency as well as noise and condensation reduction. It is corrosion resistant and has proven to be safe in both residential as well as commercial applications.

Chlorinated Polyvinyl Chloride Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific is expected to dominate the market between 2021 and 2030.

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Asia- Pacific occupies the largest part of the Chlorinated Polyvinyl Chloride (CPVC) market. The Chlorinated Polyvinyl Chloride (CPVC) is driven by urbanization and rise in construction activities in developing countries including India and China. In addition, increase in demand for CPVC pipes in the wastewater treatment plants is anticipated to propel the market growth in coming years. Consequently, these factors are expected to have a positive impact on the growth of the Chlorinated Polyvinyl Chloride (CPVC) market.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chlorinated polyvinyl chloride market analysis from 2020 to 2030 to identify the prevailing chlorinated polyvinyl chloride market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the chlorinated polyvinyl chloride market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global chlorinated polyvinyl chloride market trends, key players, market segments, application areas, and market growth strategies.

Chlorinated Polyvinyl Chloride Market Report Highlights

Aspects Details
BY APPLICATION
  • Adhesives & Coatings
  • Others
  • Pipes & Fittings
  • Fire Sprinkler Systems
  • Power Cable Casing
By End User Industry
  • Construction
  • Chemical
  • Electrical & Electronics
  • Healthcare
  • Agriculture
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, U.K., Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest Of Asia Pacific)
  • LAMEA  (Brazil, South Africa,, Saudi Arabia, Rest of LAMEA)
Key Market Players 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.
 

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Growing use of CPVC in pipes & fittings, increase in demand for fire sprinklers in high-rise buildings and growth in end-use industries such as construction, chemical, electrical & electronics, and healthcare, are some of the key factors that drive the growth of the Chlorinated Polyvinyl Chloride (CPVC) market. The use of Chlorinated Polyvinyl Chloride (CPVC) witnessed a substantial growth in the past years, owing to its lightweight, strong, durable, resistant to chemical corrosion and abrasion, and easy to use properties.

Asia-Pacific is the dominating region in the Chlorinated Polyvinyl Chloride (CPVC) market, owing to increase in demand for CPVC in the pipes & fittings and fire-sprinkler mainly in the construction industry. Also, the growth of Chlorinated Polyvinyl Chloride (CPVC) market in the region is due to increasing construction and production units. China and India are the major contributors for the market growth, owing to rise in construction activities. Further, presence of large number of manufacturers such as GEON Performance Solutions, Grasim Industries, Hanwha Solutions, Kaneka, Mitsui & Co., Ltd., and others, is driving the market growth in the region. However, high cost associated with CPVC is anticipated to hamper the market growth.

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FREQUENTLY ASKED QUESTIONS?

A. Growing demand of waster water treatment plants in emerging economies of Asia-Pacific and Middle East are some of the upcoming trends of Chlorinated Polyvinyl Chloride Market.

A. The global Chlorinated Polyvinyl Chloride Market was valued at $4.6 billion in 2020, and is projected to reach $8.6 billion by 2030.

A. Pipes & Fittings is the leading application of Chlorinated Polyvinyl Chloride Market

A. Asia-Pacific s the largest regional market for Chlorinated Polyvinyl Chloride

A. The major players active in Chlorinated Polyvinyl Chloride market include Astral Limited; GEON Performance Solutions; Grasim Industries Limited; Hanwha Solutions; Kaneka Corporation; Mitsui & Co., Ltd.; Novista Group; Sekisui Chemicals Co., Ltd.; Shandong Xiangsheng New Materials Technology Co., Ltd.; and The Lubrizol Corporation.

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