Chlorinated Polyvinyl Chloride Market

Chlorinated Polyvinyl Chloride Market Outlook

As per rigorous research by ChemView Consulting, our analysts believe that the global chlorinated polyvinyl chloride market will grow at a 5.6% CAGR during the period 2023–2033 to reach a valuation of US $8,034.7 million by 2033.

Key Findings on the Chlorinated Polyvinyl Chloride Market

1. Which is the largest market for chlorinated polyvinyl chloride?

The biggest market for chlorinated polyvinyl chloride is North America. As per our analysis, North America holds nearly 27.6% share of the chlorinated polyvinyl chloride market.

2. What is the largest application segment within the chlorinated polyvinyl chloride market?

As per ChemView Consulting, the largest segment by application is pipes & fittings. As per our analysis, this segment accounts for nearly 65.8% of total revenues.

3. At what rate is the chlorinated polyvinyl chloride market expected to grow?

The chlorinated polyvinyl chloride market is expected to grow at a CAGR of 5.6% during the period 2023–2033.

4. What are the major trends influencing the chlorinated polyvinyl chloride market?

• Rising Focus on Water Treatment: The demand for clean water supply and wastewater management is driving CPVC adoption in water treatment applications, as it can withstand harsh chemicals and high temperatures.
• Stringent Environmental Regulations: Environmental concerns are driving the adoption of CPVC over traditional materials such as metal pipes, as it is lead-free and complies with stringent environmental laws.

5. Who are the leading players in the chlorinated polyvinyl chloride market?

The key companies in the chlorinated polyvinyl chloride market are Prince Pipes and Fittings Limited (PPFL), Reliance Industries Limited, Via Chemical Co., Ltd., Sundow Polymers Co., Ltd., Avient Corporation, DCW Limited, Grasim Industries Limited,BASF SE, Lubrizol Corporation, andKaneka Corporation.

Key Drivers for Chlorinated Polyvinyl Chloride Demand

• The construction industry drives CPVC demand, particularly for plumbing and pipe applications. As global urbanisation and infrastructure development continue, the need for CPVC in construction is likely to skyrocket.
• In addition, CPVC is a polymer that resists fire, making it a desirable option for fire sprinkler systems in both residential and commercial structures. Thus, growing awareness of fire safety is projected to increase CPVC usage in this industry.
• Furthermore, CPVC is widely employed in the chemical processing sector owing to its resistance to a variety of chemicals. As the chemical manufacturing and processing industries expand, the demand for CPVC for chemical storage and transportation applications is expected to grow.

Key Challenges Inhibiting Demand for Chlorinated Polyvinyl Chloride

• CPVC has a relatively limited temperature range compared to some other piping materials. This limits its use in high-temperature applications, which may require the use of more heat-resistant materials such as stainless steel or specialty polymers.
• Moreover, alternative materials like PEX (cross-linked polyethylene) and copper compete with CPVC, particularly in plumbing and pipe applications. These materials may provide cost savings or ease of installation.

Key Challenges & Opportunities for Chlorinated Polyvinyl Chloride Manufacturers

• The CPVC market is extremely competitive. Manufacturers face competition from both international and domestic players. Therefore, keeping up with technical advances and maintaining a competitive advantage can be difficult.
• However, the necessity to replace aging and corroded pipes in residential and commercial buildings with CPVC systems offers manufacturers a constant market for replacement and retrofitting.

Country/Region-wise Insights

US Chlorinated Polyvinyl Chloride Market Forecast

• Growing environmental concerns and a push for more environmentally friendly practises in the US market are projected to observe significant growth?in the estimated period. The US chlorinated polyvinyl chloride market is likely to account for a leading share of the global chlorinated polyvinyl chloride market.?
• Additionally, the demand for CPVC materials is predicted to increase in the industrial sector, particularly in companies seeking chemical-resistant pipe systems and high-temperature applications.

Europe Chlorinated Polyvinyl Chloride Market Outlook

• Increasing customer awareness of the advantages of CPVC in terms of energy efficiency and corrosion resistance in the Europe market is anticipated to drive sales in the market over the assessment period.
• Moreover, as European countries continue to enhance their infrastructure and focus on sustainable construction practises, demand for CPVC-based solutions is likely to skyrocket.

Japan Chlorinated Polyvinyl Chloride Market Forecast

• Strict regulatory criteria, as well as the necessity for improved fire safety measures in the Japan market, are anticipated to drive the market over the forecasted period.
• In addition, the expanding Japan construction sector, notably in the residential and commercial segments, is expected to generate significant demand for CPVC pipes and fittings owing to their corrosion-resistant and durable properties.

China & India Chlorinated Polyvinyl Chloride Market Forecast

• The growing awareness of CPVC’s superior properties, such as high-temperature tolerance and its resistance to corrosion, in the China & India markets is anticipated to fuel the market over the forecast period.
• In addition, the real estate and construction sectors in both nations are experiencing substantial growth, boosting the demand for CPVC pipes and fittings in infrastructure and plumbing projects.

Chlorinated Polyvinyl Chloride Market Outlook & Forecast by Segmentation

By Application

Based on application, the pipes & fittings segment is set to account for 65.8% of the chlorinated polyvinyl chloride market share over the assessment period. The growth is mainly because CPVC pipes and fittings are extremely resistant to corrosion and are perfect for transferring a variety of fluids such as water, chemicals, and industrial waste. This corrosion resistance maintains the pipes and fittings’ lifespan, lowering maintenance costs and the need for frequent replacements.

In addition, CPVC pipes and fittings are frequently less expensive than alternatives such as copper or stainless steel. This cost advantage makes them an appealing option for a variety of projects, particularly in regions where material selection is heavily influenced by economic considerations.

By End User Industry 

Based on end user industry, the construction segment is expected to remain at the forefront of chlorinated polyvinyl chloride market share over the assessment period. The growth is mainly because CPVC pipes and fittings are extremely resistant to corrosion produced by chemicals, salts, and minerals found in water. As a result, they are perfect for plumbing applications in both residential and commercial buildings, ensuring long-term durability and requiring little maintenance.

In addition, CPVC pipes and fittings are lightweight and simple to install, which reduces labour costs and installation time. This is especially significant in the construction enterprise, where time and cost efficiency are critical.

Which Company Owns the Largest Share in the Chlorinated Polyvinyl Chloride Market??

The key companies in the chlorinated polyvinyl chloride market are Prince Pipes and Fittings Limited (PPFL), Reliance Industries Limited, Via Chemical Co., Ltd., Sundow Polymers Co., Ltd., Avient Corporation, DCW Limited, Grasim Industries Limited,BASF SE, Lubrizol Corporation, andKaneka Corporation.

Recent Developments:

• In November 2022, DCW Limited, India’s leading specialised chemical manufacturer, announced plans to increase its CPVC capacity by another 10 KT.
• In August 2021, Prince Pipes and Fittings Limited (PPFL), a plastic pipe manufacturing company established in India, launched a new breakthrough CPVC technology, Prince OneFit with Corzan, in collaboration with Lubrizol, a US-based maker of CPVC compounds.
• In October 2020, Grasim Industries Limited, a premier business of the Aditya Birla Group, agreed to sign a final deal with Lubrizol Advanced Materials for producing and supplying CPVC resin in India.

As per our analysis, the companies that hold the largest share in the market are

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Kaneka Corporation 

Founded in 1949 and headquartered in Minato City, Tokyo, Japan, it is a global chemical manufacturing corporation.

Sundow Polymers Co., Ltd.

Founded in 2010 and with headquarters in China, it is a reputable provider in the plastic and rubber industries.

Avient Corporation

Founded in 2000 and with headquarters in Avon Lake, Ohio, United States, it is a leading global producer of specialised polymer materials.

BASF SE 

Founded in 1865 and with headquarters in Ludwigshafen, Germany, it is a multinational corporation and the world’s largest chemical producer.

Lubrizol Corporation

Established in 1928 and with headquarters in Wickliffe, Ohio, United States, it manufactures specialty chemicals for the industrial and consumer markets.

What Makes this Report More Insightful than Others?

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