Global Chlorinated Polyvinyl Chloride (CPVC) Market

Chlorinated Polyvinyl Chloride (CPVC) Market Insights

The global chlorinated polyvinyl chloride (CPVC) market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing demand of chlorinated polyvinyl chloride products and increasing demand in the construction industry for indoor firefighting, plumbing and home heating, among other factors are driving the market for chlorinated polyvinyl chloride (CPVC) during the forecast period. CPVC pipes are cheaper in cost, effective and durable as compared to metal pipes. Growing awareness of recycling plastics among consumers is driving the market growth. Furthermore, the applications of pipe & fitments in the chemical industry are increasing over the coming years. Moreover, increase in government investments in construction projects in the developing countries such as India and China is another key factor boosting the market growth. However, high CPVC material maintenance in case of leakages and damages, stringent norms by the government on environment, fluctuation in prices of raw materials, and high cost of chlorinated polyvinyl chloride (CPVC) are likely to hamper the market growth during the forecast period.

Chlorinated Polyvinyl Chloride (CPVC) Market: By Process

On the basis of process, the global chlorinated polyvinyl chloride (CPVC) market is segmented into solvent method, solid-phase method, and aqueous suspension method. The solid-phase method segment is expected to grow at highest CAGR during the forecast period. Solvent method is expected to hold the second largest market in terms of revenue during the forecast period. PVC pipes can be fixed with different solvent cement or heat-fused producing permanent joints that are nearly to leakage. A solvent method is a process of mechanical recycling that may be recycled to separate CPVC from materials.

Chlorinated Polyvinyl Chloride (CPVC) Market: By Application

On the basis of application, the market is segmented into pipe & fitments, fire sprinkler systems, power cable casing, coatings and adhesives. The pipe & fitments segment is expected to hold the largest market share during the forecast period. CPVC pipe and fittings are installed using a simple two-step solvent cementing process that produces a highly reliable joint by fusing the pipe with the fitting chemically. Growing demand for safe and reliable pipe and fitting solutions in commercial, and residential buildings is one of the major factors driving the market growth. Moreover, growing construction companies along with growing number of infrastructure projects across the globe are among the major factors driving the chlorinated polyvinyl chloride (CPVC) market.

Chlorinated Polyvinyl Chloride (CPVC) Market: By Region

On the basis of region, the market for chlorinated polyvinyl chloride (CPVC) is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. North America is expected to witness considerable growth in the chlorinated polyvinyl chloride (CPVC) market during the forecast period. Growing construction, and product demand in pipe & fitments in the region is propelling the market growth. The U.S. government approved CPVC as a nationally accepted material for manufacturing pipe & fitments, and coating and adhesives among others. The Europe region is expected to grow at a high CAGR during the forecast period. Europe is expected to hold the second largest market share due to increased government spending on laboratories and research and development projects. Furthermore, Asia-Pacific is expected to hold the third largest market share during the forecast period. Growing construction industry in emerging countries including China, India, Japan, South Korea and Singapore among others is propelling the market growth in the region.

Chlorinated Polyvinyl Chloride (CPVC) Market: End Use Landscape

The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Rio Tinto, and Anhui Conch Cement Co. among others.

Chlorinated Polyvinyl Chloride (CPVC) Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the chlorinated polyvinyl chloride (CPVC) market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Chlorinated Polyvinyl Chloride (CPVC) Market Share & Competitor Analysis

Some of the key players operating in the chlorinated polyvinyl chloride (CPVC) market are PolyOne Corporation, Shandong Kexing Chemical Co., Ltd., Kem One SAS, Panjin Changrui Chemical Industry Co., Ltd., Seikisui Chemical Co., Ltd., BASF SE, Jiangsu days Teng Chemical Co., Ltd., Shandong Tianchen Chemical Co., Ltd., and The Lubrizol Corporation among others.

• In November 2019, BASF SE has successfully acquired Sculpeto. The company is engaged in providing online retailers to integrate 3D printing and mass customization
• In November 2019, Sientra, Inc. signed an agreement to acquire Independently Operated OPUS breast implant manufacturing operation from Lubrizol life science in Franklin, Wisconsin