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Chlorinated Polyvinyl Chloride (CPVC) Market By Grade (Injection Grade, Extrusion Grade), By Application (Pipes & Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives & Coatings, Others), By End-User Industry (Construction, Chemical, Electrical & Electronics, Healthcare, Agriculture, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028

Covid-19

Global Chlorinated Polyvinyl Chloride (CPVC) Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[227+ Pages Report] According to Facts and Factors, the global chlorinated polyvinyl chloride (CPVC) market was valued at USD 2,849.20 million in 2021 and is predicted to increase at a CAGR of 9.90% to USD 5,010.07 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

logoMarket Overview

Chlorinated Polyvinyl Chloride (CPVC) is a thermoplastic homopolymer formed by the chlorination of Polyvinyl Chloride resin. The global Chlorinated Polyvinyl Chloride industry is being driven by the ever-increasing demand for cost-effective and long-lasting CPVC pipes and fittings. With the world's population and industrialization rapidly increasing, rising construction activities are expected to drive demand for chlorinated PVC pipes and fittings, propelling the CPVC market in the coming years. CPVC resin is infused with additives to improve many of its properties while also making it easier to process. This process distinguishes Chlorinated Polyvinyl Chloride from other metal and thermoplastic piping systems, making it resistant to the harsh environments of industrial processing plants. The increase in the number of safety concerns and stringent regulations has increased the demand for fire sprinklers, which has complemented product demand. The growing preference for low-cost, long-lasting, and efficient CPVC pipes and fittings will be a significant driver of market growth.

A water supply and distribution piping system built on walls or ceilings make up a fire sprinkler system. In the event of a fire, it is activated when the sprinkler head reaches the activation temperature and sprays high-pressure water over the flames to extinguish them. These systems have gained appeal in the transportation, residential, and healthcare sectors in recent years. The usage of fire sprinklers has become an integral aspect of any processing or manufacturing business, including oil and gas, pharmaceuticals, and construction, among others, allowing the use of CPVC in the manufacture of fire sprinklers to expand. From a safety standpoint, the government and concerned regulatory organizations have also supported the use of fire sprinklers in manufacturing facilities. The use of fire sprinklers has grown in popularity as the number of industrial dangers near manufacturing facilities has increased.

logo Impact of COVID – 19

Several firms, end-user industries, and other facilities were severely impacted by COVID-19's extraordinary outbreak in 2020. Due to statewide lockdowns and stringent limitations imposed by leading authorities in many nations, sales and production fell sharply in the first half of 2020. Reduced demand for CPVC was caused by a lack of workforce and a paucity of raw materials, particularly in the pipes and fittings and power cable housing industries. Due to increased demand for CPVC from the pipes and fittings sector, market growth after the pandemic showed an upward trend.

The complete research study looks at both the qualitative and quantitative aspects of the Global Chlorinated Polyvinyl Chloride market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply-side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.

logoSegmentation Analysis

The global Chlorinated Polyvinyl Chloride market is segregated based on the Grade, Application and End-User industry.

Based on Grade, the injection grade is dominating the market due to its numerous advantages over the extrusion method. Extrusion is a technique that forces materials through a die to create shapes with constant cross-sections such as window sections, drinking straws, pipes, and seals. This method is used to create two-dimensional shapes. This method necessitates a constant high temperature in order to keep the machine temperature stable during the extrusion process. Injection grade is a process in which the plastic resin is placed in the hopper, which then releases the plastic pellets from the feed section into the compression section, where frictional heat is generated.

With its robust, lasting characteristics and wider penetration in plumbing applications, CPVC will see a major increase in demand for pipes and fittings. The product is perfect for residential, commercial, and industrial plumbing, as well as fire sprinkler systems, due to its inherent dependability, chemical resistance, and robust ability to bear tremendous heat and pressure. The expansion in the number of favorable government programs, particularly in India, will help to propel the industry forward.

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 2,849.20 Million

Projected Market Size in 2028

USD 5,010.07 Million

CAGR Growth Rate

9.90% CAGR

Base Year

2021

Forecast Years

2022-2028

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., PanjinChangrui Chemical Industry Co. Ltd., and Others

Key Segment

By Grade, Application, End-User Industry, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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logo Regional Landscape

Due to the increased demand for CPVC pipes in wastewater treatment facilities, the Asia Pacific region now dominates the global CPVC market and is expected to do so for the next ten years as well. Another element driving demand for chlorinated PVC is the expansion of construction and manufacturing facilities across the region.

The product's demand is skyrocketing in developing countries. The regional market expansion will be fueled by the significantly increased revenue contribution from the Chinese and Indian markets in comparison to other countries.

logoCompetitive Analysis

List of Key Players in the Global Chlorinated Polyvinyl Chloride (CPVC) Market:

  • 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.
  • PanjinChangrui Chemical Industry Co. Ltd.

The Global Chlorinated Polyvinyl Chloride (CPVC) Market is segmented as follows:

logoBy Grade Segment Analysis

  • Injection Grade
  • Extrusion Grade

logoBy Application Segment Analysis

  • Pipes & Fittings
  • Fire Sprinkler Systems
  • Power Cable Casing
  • Adhesives & Coatings
  • Others

logoBy End-User Industry Segment Analysis

  • Construction
  • Chemical
  • Electrical & Electronics
  • Healthcare
  • Agriculture
  • Others

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Chlorinated Polyvinyl Chloride (CPVC) Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major 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.
  • PanjinChangrui Chemical Industry Co. Ltd.

Frequently Asked Questions

The global chlorinated polyvinyl chloride market was valued at USD 2,849.20 Million in 2021.
The global chlorinated polyvinyl chloride market is expected to reach USD 5,010.07 Million by 2028, growing at a CAGR of 9.90% during the forecast period.
Some of the key factors driving the global chlorinated polyvinyl chloride market growth includes the ever-increasing demand for cost-effective and long-lasting CPVC pipes and fittings. With the world's population and industrialization rapidly increasing, rising construction activities are expected to drive demand for chlorinated PVC pipes and fittings, propelling the CPVC market in the coming years.
Asia Pacific region held a substantial share of the chlorinated polyvinyl chloride market in 2021.
A: Some of the major companies operating in the chlorinated polyvinyl chloride market are 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. and others.
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