Global Chlorinated Polyvinyl Chloride Market Share Is Expected to Grow At A CAGR Value Of Around 9.90% By 2028

07-Jun-2022 | Facts and Factors

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.

CPVC resins are mostly used in the production of heat-resistant pipes. As CPVC is replacing copper-based pipes, the increasing use of CPVC in a variety of applications across various industries is expected to drive the growth of the global Chlorinated Polyvinyl Chloride (CPVC) market during the forecast period. One of the most common applications of CPVC is in fire sprinklers. Increasing safety regulations and the increased use of fire sprinklers around the world are expected to drive the global chlorinated polyvinyl chloride (CPVC) market during the forecast period. Furthermore, CPVC pipes are less expensive than metal pipes. As a result, there is a shift toward the use of relatively inexpensive yet effective and long-lasting CPVC pipes and fittings. However, the brittle nature of CPVC pipes and the relatively higher cost of repairs associated with leak damages in the case of CPVC pipes are expected to increase the demand for alternative materials.

Browse the full “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"  report at https://www.fnfresearch.com/chlorinated-polyvinyl-chloride-market

The vast majority of CPVC resins are used in the manufacture of heat-resistant pipes. Copper-based pipes are being phased out in favor of polyvinyl chloride (CPVC) pipes. Thus, increased use of CPVC in a variety of applications across various sectors is expected to drive the global Chlorinated Polyvinyl Chloride (CPVC) market throughout the forecast period. One of the most common applications for CPVC is in fire sprinklers. The global chlorinated polyvinyl chloride (CPVC) market is expected to grow in the coming years due to rising safety standards and increased use of fire sprinklers. Furthermore, CPVC pipes are less expensive than metal pipes. However, due to the brittle nature of CPVC pipes and the significantly higher cost of repairs associated with CPVC pipe leak damages; demand for alternative materials is likely to rise.

With its numerous advantages over the extrusion method, the injection grade dominates the market in terms of grade. 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. A reciprocal screw is used to push the plastic through an expanded compartment. The melted fluid-like plastic, known as melt, is forced into a closed, cooled/hot mould via the nozzle. The melt can be easily moulded into the mold's desired shape and size.

Based on Application, the demand for CPVC in pipes and fittings applications will grow significantly with its strong, durable properties and greater penetration in plumbing applications. With its inherent dependability, chemical resistance, and robust ability to withstand extreme heat and pressure, the product is ideal for residential, commercial, and industrial piping, as well as fire sprinkler systems. The increase in the number of favorable government schemes, primarily in India, will provide a positive impetus to the segment's advancement.

The Asia Pacific region dominates the global CPVC market and is expected to maintain its dominance over the next ten years, owing to the growing demand for CPVC pipes in wastewater treatment plants. Another factor driving demand for chlorinated PVC is the expansion of construction and manufacturing facilities throughout the region. Demand for the product is increasing dramatically in developing economies. The Chinese and Indian markets' significantly increased revenue contribution in comparison to other countries will drive regional market expansion.

The report contains qualitative and quantitative research on the global Chlorinated Polyvinyl Chloride Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

Report Scope

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.

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

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

By Region

• 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

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