The Global Chlorinated Polyvinyl Chloride (CPVC) Market size was estimated at USD 3 billion in 2021 and is anticipated to reach around USD 5.2 billion by 2030, growing at a CAGR of roughly 10% between 2022 and 2030.
Our research report offers a 360-degree view of the Chlorinated Polyvinyl Chloride (CPVC) market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Chlorinated Polyvinyl Chloride (CPVC)market.
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The Chlorinated Polyvinyl Chloride (CPVC) Market: Overview
A thermoplastic homopolymer known as chlorinated polyvinyl chloride (CPVC) is created when PVC is chlorinated using a free radical. The thermal performance and fire resistance of CPVC are both enhanced by the chlorination of PVC. Compared to conventional pipe materials, chlorinated polyvinyl chloride (CPVC) has several benefits, including high corrosion resistance and good strength.
Over the projection period, the increased utilization of chlorinated polyvinyl chloride in industrial pipes and fittings, hot water pipes and fittings, fire sprinkler pipes and fittings, films and sheets, and other applications are expected to positively impact product outlook.
The Chlorinated Polyvinyl Chloride (CPVC) Market: Growth Factors
Most of the time, CPVC resins are utilized to make heat-resistant pipes. The growing use of CPVC in several applications across numerous industries is anticipated to fuel the expansion of the global Chlorinated Polyvinyl Chloride (CPVC) market during the projected period as it replaces copper-based pipes. The use of CPVC in fire sprinklers is among its most widespread services. The global chlorinated polyvinyl chloride (CPVC) market is anticipated to be driven by rising safety requirements and the increased use of fire sprinklers across the globe during the projected period.
Additionally, CPVC pipes cost less than metal pipes. As a result, more people are turning to durable, reliable, and reasonably priced CPVC pipes and fittings. However, it is anticipated that the brittleness of CPVC pipes and the comparatively higher cost of repairs related to leaking damages in the case of CPVC pipes will raise demand for substitute materials.
The Chlorinated Polyvinyl Chloride (CPVC) Market: Key Market Dynamics
- There is a significant need for CPVC pipes across various industries, including commercial water building, water treatment, data centers, chemical processing, mineral processing, and power production.
- Over the next few years, the CPVC market is anticipated to expand as more CPVC piping systems are used for industrial and commercial purposes. The fire protection industry is turning to CPVC sprinkler systems because of CPVC’s innate resistance to corrosion to prevent losses from obstructions, leaks, and system failures brought on by rust and microbiologically influenced corrosion (MIC) in metal pipes.
- The use of CPVC pipes in sprinklers for apartments as well as other residential and commercial buildings, including colleges, churches, nursing homes, and workplaces, where flames spread more slowly with heat, is also permitted by a number of associations and agencies.
- In fire sprinkler systems, CPVC pipes are increasingly being used in place of metal pipes, which is predicted to significantly fuel market expansion over the next few years.
- Additionally, CPVC plumbing is widely used for the home delivery of hot and cold potable water, agricultural fertilizers & irrigation, drain, waste, and vent pipes, and chemical synthesis & transfer due to increased knowledge of the emerging benefits of CPVC.
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The Chlorinated Polyvinyl Chloride (CPVC) Market: Competitive Landscape
Key market players are concentrating on increasing their output to meet end-cons’ expanding demand. They are establishing long-term supply agreements to broaden their customer base to strengthen their market dominance.
Further, to increase their yearly revenue, several end-product producers from developing nations also choose to produce chlorinated polyvinyl chloride.
- 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.
- 2019: An R&D facility for plastic (CPVC) fire protection systems were built by Shandong Xiangsheng New Materials Technology. The center will hasten the growth of CPVC in China. The CPVC industry would prosper in the area with the help of design institutions, trade groups, and pioneering businesses.
The Chlorinated Polyvinyl Chloride (CPVC) Market: Prominent Players
The Lubrizol Corporation
Kaneka Corporation
Kem One SAS
SEKISUI CHEMICAL CO. LTD.
GEON Performance Solutions
Shandong Tianchen Chemical Co. Ltd.
Hanwha Solutions
Novista Group
VIA Chemical
Sundow Polymers Co. LTD.
Interplast Co
PolyOne Corporation
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The Chlorinated Polyvinyl Chloride (CPVC) Market: Segments
By Grade
Extrusion Molding
Injection Molding
By Application
Pipes & Fittings
Adhesives & Coatings
Cables
Others
By End-Use
Commercial
Residential
Industrial
The Chlorinated Polyvinyl Chloride (CPVC) Market: Geography
North America
The U.S.
Canada
Mexico
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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