Dublin, Nov. 27, 2023 (GLOBE NEWSWIRE) -- The "Global Chlorinated Polyvinyl Chloride (CPVC) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032" report has been added to ResearchAndMarkets.com's offering.
In 2022, the global demand for Chlorinated Polyvinyl Chloride (CPVC) reached 800 thousand tonnes. Forecasts indicate that this market is set to expand at a compelling compound annual growth rate (CAGR) of 5.73% through 2032. Key developments in the industry, such as a 100 thousand tonnes per annum manufacturing capacity joint venture between Grasim Industries Ltd. and Lubrizol India Pvt. Ltd. scheduled to commence operations in 2025 and Reliance Industries Ltd.'s CPVC plant expected to be operational by 2026, contribute to this positive outlook.
A Versatile Polymer with Exceptional Properties
Chlorinated Polyvinyl Chloride (CPVC) is a highly versatile polymer that plays a pivotal role in various industries. This thermoplastic polymer is derived from chlorinating polyvinyl chloride (PVC), endowing it with exceptional corrosion resistance, thermal stability, and resistance to acids and alkalis. CPVC's versatility is further enhanced by its ability to be fabricated and welded, making it an ideal choice for applications such as pipes and fittings, fire sprinkler systems, adhesives, coatings, and more. CPVC is available in various forms, including rods, sheets, and tubes. Its excellent corrosion resistance at high temperatures (up to 200°F) makes it suitable for self-supporting buildings, while its flexibility enables use in a wide range of applications, including cleaners, tanks, and ventilation systems.
Driving Factors and Applications
CPVC is in high demand due to its electrical insulation properties, reusability, corrosion resistance, and waterproofing qualities. It is widely used across industries, with a primary focus on manufacturing pipes and fittings. The global CPVC market benefits from the increasing demand for cost-effective and durable CPVC pipes and fittings, making them a preferred choice over steel pipes. CPVC pipes offer advantages such as affordability, durability, and resistance to water and abrasion, making them ideal for residential and industrial applications. Additionally, the growing need for pipes and sprinklers in farm irrigation and the rising adoption of fire sprinklers for enhanced safety are anticipated to drive substantial growth in the global chlorinated polyvinyl chloride (CPVC) market. The market is expected to reach a volume of 1400 thousand tonnes by 2032, underlining its significant growth potential.
Asia Pacific Dominance
The Asia Pacific region emerges as a dominant force in the Chlorinated Polyvinyl Chloride (CPVC) market, with approximately 60% of global demand in 2022. The region's growth is further propelled by increased demand in the building and industrial sectors. As of 2022, China leads the global production of CPVC, reinforcing its position as a key player in the industry.
Segmentation Insights
- Grade: The CPVC market is segmented into Pipe & Fitting (Extrusion) Grade, Adhesive Grade, and Sheathing Grade. In 2022, Pipe & Fitting (Extrusion) Grade accounted for nearly 84% of the market share, dominating the industry.
- End-User Industry: The global Chlorinated Polyvinyl Chloride (CPVC) market caters to various end-user industries, including Hot Water pipes/fittings, Industrial pipes/fittings, Fire Sprinkler pipes/fittings, Underground pipes for housing power cables, and Others. Hot Water pipes/fittings hold a prominent position, representing approximately 50% of the market share in 2022.
Key Industry Players
Major players in the global Chlorinated Polyvinyl Chloride (CPVC) market include Lubrizol Advanced Materials, Kaneka Corporation, Sekusei Chemicals Co Ltd, Hanwha Chemical Corporation, Shandong Xiangsheng New Materials Technology Co., Ltd., Evonik Industries, Hangzhou Electrochemical New Material Co. Ltd., Shandong Gaoxin Chemicals Co.Ltd, Novista Group, Shangdong Yada New Material Co Ltd., Sundow Polymers Co Ltd, DCW Limited, and others.
Comprehensive Analysis and Insights
The "Global Chlorinated Polyvinyl Chloride (CPVC) Market Analysis" report offers a comprehensive understanding of this dynamic market. It covers crucial aspects such as capacity, production, operating efficiency, demand, supply, grade, end-user industries, sales channels, regional demand, company share, and foreign trade. The report's insights are invaluable for industry stakeholders seeking to make informed decisions and capitalize on growth opportunities.
Report Scope
- Capacity By Company
- Capacity By Location
- Plant Operating Efficiency
- Production By Company
- Demand by Grade
- Demand by End-Use
- Demand by Region
- Demand by Sales Channel (Direct and Indirect)
- Demand-Supply Gap
- Company Share
- Country-wise Export
- Country-wise Import
- Pricing Analysis & Forecast
For more information about this report visit https://www.researchandmarkets.com/r/fepmnv
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