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Chlorinated Polyvinyl Chloride (CPVC) Market - By Production Process (Solvent, Solid Phase, Aqueous Suspension), By Application (Pipes & Fittings, Fire Sprinklers, Power Cable Housing, Adhesives & Coatings), By Region, Pricing Trend - Global Forecast to 2032

  • Report ID: GMI4155
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Statistics

Chlorinated Polyvinyl Chloride Market size valued at USD 1.5 billion in 2022 and is poised to register over 12% CAGR from 2023 to 2032. Increasing number of construction activities worldwide will drive business growth.

Chlorinated Polyvinyl Chloride Market

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The swiftly expanding construction sector across the globe is expected to foster lucrative demand for CPVC. Hefty investments across developed countries such as the U.S., and Canada for new construction activities, repair of buildings & roads, as well as building maintenance will complement the chlorinated polyvinyl chloride market outlook. In 2022, the construction sector in the U.S. accounted for 10.2% of the nation's GDP while employing over seven million people. Several economies are also ramping up regional and international collaborations to strengthen infrastructure development.

Availability of cost-effective alternatives may impede product demand

The availability of various product alternatives such as PVC could restrain the CPVC industry outlook. Polyvinyl chloride (PVC) has similar characteristics and yet is relatively cheaper as compared to CPVC. Besides being priced at a low-cost, the material offers excellent reliability in low-pressure and temperature conditions. Additionally, unlike CPVC, polyvinyl chloride pipes do not require skilled professionals and are easy to install without the need for expensive welders, further ensuring cost cutting.

Rising demand for HVAC systems in pipes & fittings to push product demand

Global Chlorinated Polyvinyl Chloride (CPVC) Market Revenue Share By End-User

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The pipes & fittings application is anticipated to exhibit nearly 12.5% growth rate up to 2032 led by the increasing strides in residential and commercial construction. Recent breakthroughs in material science have led to the development of advanced CPVC materials for pipes and fittings. CPVC pipes are widely used to transport hot water owing to their ability to withstand extreme temperatures from 93°C to 115°C without softening or deteriorating. They are also used for plumbing and HVAC systems across industrial units where corrosion resistance is crucial. CPVC pipes are also gaining significant momentum in chemical manufacturing to transport hazardous chemicals and hot corrosive fluids.

Rising CPVC production through aqueous suspension procedures to drive industry growth

Global Chlorinated Polyvinyl Chloride (CPVC) Market Size, By ProductGlobal Chlorinated Polyvinyl Chloride (CPVC) Market Share, By End-User,

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Aqueous suspension method will capture approximately 69% of the chlorinated polyvinyl chloride market share by 2032 on account of increasing deployment by businesses such as Sekisui, Lubrizol, and PolyOne. The aqueous suspension method is extensively used as a CPVC synthesizing procedure since it provides high-quality CPVC products. However, the growing awareness regarding the environmental impacts of large volumes of toxic acid liquid waste may hamper the adoption of the procedure. Nonetheless, the ongoing advancements to introduce novel methods for the development of CPVC products will positively influence the industry dynamics.

Rapid urbanization to proliferate the adoption of CPVC products across APAC

Asia Pacific Chlorinated Polyvinyl Chloride (CPVC) Market Size, 2020- 2032

Asia Pacific chlorinated polyvinyl chloride market is estimated to reach USD 32.5 billion by 2032. Lately, APAC countries are experiencing significant population shift from rural to urban areas, propelling the need for robust housing developments. According to the National Institution for Transforming India (NITI Aayog), India’s urban community is projected to add another 416 million people to its cities by 2050, with the urban population accounting for 50% of the country’s population. Several governments are thus accelerating urbanization and construction activities in the region.

Mergers & acquisitions to define the competitive landscape

Some of the leading companies in the chlorinated polyvinyl chloride market include Lubrizol Corporation, KEM ONE, Novista Group, Jiangsu Tianteng Chemical Industry, BASF SE, Sekisui Chemical, Hangzhou Electrochemical Group Co., Ltd., Kaneka Corporation, Avient Corporation, and Shandong Xiangsheng New Materials Technology. These firms are employing strategic mergers and deals to expand their geographic footprint.

Impact of the COVID-19 pandemic on the business trends

The COVID-19 crisis had a negative impact on the CPVC industry with the sudden drop in the demand for CPVC pipes, fittings, and other products. The emergence of the pandemic resulted in a halt across several industrial, commercial, and manufacturing activities as governments worldwide imposed stringent lockdowns, forcing businesses to cease operations. For instance, the demand for CPVC pipes across the construction sector reduced dramatically owing to the widespread shutting down of construction activities. the chlorinated polyvinyl chloride market also experienced significant challenges due to soaring raw material costs, shortage of labor, and unprecedented supply chain disruptions.

This market research report on chlorinated polyvinyl chloride includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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By Production Process

  • Solvent Method
  • Solid Phase Method
  • Aqueous Suspension Method

By Application

  • Pipes & Fittings
  • Fire Sprinklers
  • Power Cable Housing
  • Adhesives & Coatings

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Qatar
    • Saudi Arabia
    • UAE


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of chlorinated polyvinyl chloride exceeded USD 1.5 billion in 2022 and is expected to register 12% CAGR from 2023 to 2032.

CPVC market from pipes & fittings is anticipated to exhibit more than 12.5% growth rate between 2023 and 2032 owing to their ability to transport hot fluids and toxic corrosive chemicals.

Asia Pacific market size is estimated to reach over USD 32.5 billion by 2032 due to rapid urbanization and favorable government initiatives.

Lubrizol Corporation, KEM ONE, Novista Group, BASF SE, Sekisui Chemical, Kaneka Corporation, and Avient Corporation are some of the key companies in the chlorinated polyvinyl chloride market.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 349
  • Countries covered: 20
  • Pages: 200
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