The Global Chlorinated Polyvinyl Chloride Market Size is valued at 5.21 billion in 2022 and is predicted to reach 10.03 billion by 2031 at an 7.69% CAGR during the forecast period of 2023-2031.
Chlorinated polyvinyl chloride (CPVC) has several desirable properties, including high strength, high-temperature resistance, good flexibility, corrosion resistance, adequate insulation, flame retardancy, and lightweight.
Also, CPVC provides more stability for sustaining wires with large loads. It is applied to electrical products and hides exposed wiring in homes and workplaces. Due to its advantages over other types of polyvinyl chloride, including improved solubility, electrical insulation, thermoplasticity, corrosion resistance, and waterproofness, the demand for it has surged recently in the adhesives and coatings sector.
However, the high cost of CPVC may impede the market's consistent expansion. Due to the high cost of chlorinated polyvinyl chloride, end users are increasingly turning to PVC for various applications, including underground housing wires, plumbing, drainage, and sewage infrastructure, drinking and process water delivery and distribution, and agriculture, livestock, and farm irrigation systems.
Nevertheless, it is projected that the growth of the chlorinated polyvinyl chloride market would be lucrative due to the rising requirement for wastewater treatment and CPVC's resistance to different harmful chemicals utilized in the wastewater treatment process.
Recent Developments:
- In August 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.
- In December 2019, Three chlorinated polyethylene application systems, including the chlorinated polyethylene reinforced filling design, the chlorinated polyethylene plasticizing system, and the chlorinated polyethylene durable protection system, were introduced by Panjin Changrui Chemical Industry Co., Ltd.
Competitive Landscape:
Major key players in the chlorinated polyvinyl chloride market are:
- Shandong Xiangsheng New Materials Technology Co., Ltd.
- Sundow Polymers Co., Ltd
- Via Chemical Co., Ltd.,
- ASTRAL LIMITED
- Grasim Industries Limited
- DCW Ltd., KANEKA CORPORATION,
- PolyOne Corporation
- Reliance Industries Ltd
- Hangzhou Electrochemical Group Co., Ltd.
- Shandong Pujie Plastic and Rubber Co.Ltd.
- BASF SE
- Shandong Tianchen Chemical Co., Ltd.
- Shriram PolyTech
- SEKISUI CHEMICAL CO., LTD.
- Shandong Repolyfine Additives Co., Ltd.
- The Lubrizol Corporation
- Jiangsu Tianteng Chemical Industry Co., Ltd.
- Meghmani Finechem Limited
- KEM ONE,
- Hanwha Solutions
- Shandong Novista Chemicals Co., Ltd
- MITSUI & CO., LTD.
- Kunshan Maijisen Composite Materials Co., Ltd
Market Segmentation:
The chlorinated polyvinyl chloride market is segmented into the application and end-user industries. Based on application, the market is categorized into pipes and fittings, fire sprinkler systems, power cable casing, adhesives and coatings and others. Based on the end industry, the market is segmented into construction, chemical, electrical and electronics, healthcare, agriculture, etc.
Based on application, the pipe & fittings segment is a significant contributor to the Chlorinated Polyvinyl Chloride Market.
The pipe & fittings category is expected to hold a significant share of the global chlorinated polyvinyl chloride market. Water supply and distribution in industrial and home uses, as well as for solar and electric water heaters, all require chlorinated polyvinyl chloride pipes and fittings. These are typically employed in chemical, oil & gas, mining, electrical & electronics, and building & construction sectors. The lightweight, corrosive-free, and long-lasting CPVC pipes and fittings can replace galvanized iron and traditional pipes and fittings. Due to its increased use in residential and commercial applications and capacity to resist higher temperatures than plastic piping systems, CPVC pipes and fittings are in higher demand. For supplying hot and cold water in residential and commercial buildings, CPVC pipes and fittings are superb. They are used in water treatment facilities to convey drinking water. Additionally, inorganic acids and bases used in chemical processing are transported via CPVC pipes and fittings, as are other chemicals and hot corrosive fluids.
The construction segment witnessed growth at a rapid rate.
The construction segment is projected to overgrow in the global chlorinated polyvinyl chloride market. The expansion of the construction sector is driving up demand for CPVC. The government is focusing on the nation's residential and commercial infrastructure, which is also anticipated to have a favorable effect on the market's expansion. Additionally, it is projected that commercial construction will have significant growth during the forecast period. This growth can be ascribed to a rise in the industry, particularly in essential locations such as India and China. As a result, there will be a rise in the demand for CPVC in various commercial applications.
The Asia Pacific chlorinated polyvinyl chloride market holds a significant revenue share.
The Asia Pacific chlorinated polyvinyl chloride market is expected to register the highest market share in revenue shortly. Due to the increasing demand for CPVC pipes in wastewater treatment plants, this region now dominates the global CPVC market. It is predicted to continue doing so over the next ten years. An additional element driving the demand for chlorinated PVC in the area is the expansion of manufacturing and construction facilities. India is an emerging market in South Asia and the Pacific, where the building and construction sector significantly contributes to GDP growth. The residential, commercial, and industrial sectors comprise the building and construction industries. The demand for pipes and fittings used in buildings is rising due to these industries' steady growth throughout the nation. Besides, North America owns the largest share of the CPVC market, followed by Asia-Pacific. The growing demand for CPVC in the pipes, fittings and fire-sprinkler industries is assisting the regional market expansion. Over the anticipated timeframe, the region's need for products is anticipated to be driven by the presence of many significant CPVC manufacturers and the expanding electrical electronics sector in North America.
Chlorinated Polyvinyl Chloride Market Report Scope:
Report Attribute |
Specifications |
Market size value in 2022 |
USD 5.21 billion |
Revenue forecast in 2031 |
USD 10.03 billion |
Growth rate CAGR |
CAGR of 7.69% from 2023 to 2031 |
Quantitative units |
Representation of revenue in US$ Million, Volume in Kiloton and CAGR from 2023 to 2031 |
Historic Year |
2019 to 2022 |
Forecast Year |
2023-2031 |
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
Segments covered |
Application, End-user Industry |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
Competitive Landscape |
Shandong Xiangsheng New Materials Technology Co., Ltd., Sundow Polymers Co., Ltd, Via Chemical Co., Ltd., ASTRAL LIMITED, Grasim Industries Limited, DCW Ltd., KANEKA CORPORATION, PolyOne Corporation, Reliance Industries Ltd, Hangzhou Electrochemical Group Co., Ltd., Shandong Pujie Plastic and Rubber Co., Ltd., BASF SE, Shandong Tianchen Chemical Co., Ltd., Shriram PolyTech, SEKISUI CHEMICAL CO., LTD., Shandong Repolyfine Additives Co., Ltd., The Lubrizol Corporation, Jiangsu Tianteng Chemical Industry Co., Ltd., Meghmani Finechem Limited, KEM ONE, Hanwha Solutions, Shandong Novista Chemicals Co., Ltd, MITSUI & CO., LTD., and Kunshan Maijisen Composite Materials Co., Ltd. |
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |