Chlorinated Polyvinyl Chloride (CPVC) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4155
Chlorinated Polyvinyl Chloride Market size is projected to see significant growth in the forecast timeframe owing to increasing demand for indoor firefighting, home heating and plumbing systems in construction industry. Rising construction industry in India and China along with growing applications of chlorinated polyvinyl chloride (CPVC) in chemical industry will drive product demand in coming years. It is manufactured by chlorination of polyvinyl chloride (PVC) resin via free radical chlorination reaction. Production process includes adding chlorine to PVC in a water slurry or fluidized bed chlorination process. These are widely used in hot and cold-water plumbing applications, since they exhibit superior properties such as corrosion & chemical resistance, reliability, good insulation, light weight and water hammer resistance.
Chlorinated polyvinyl chloride is used in variety of industries including construction, chemical, electrical & electronics, healthcare, agriculture and material handling equipment. Rising product application in residential and commercial spaces, firefighting sprinkler devices, home heating devices and piping products shall positively influence product demand in the coming years. It can be incorporated in variety of products by controlling percentage of chlorine during production process. Chlorine content may vary depending on manufacturer, it can vary from 56% to 69% by mass. For industrial applications, chlorine content is kept between 63% to 69% by mass.
CPVC products find applications in different end-user industries which suits their characteristics. The manufacturing process produces much lower greenhouse than other piping materials. CPVC does not corrode, lasts longer and doesn’t require replacement for 15 to 20 years, making them ideal option for building & construction applications. The product’s thermoplastic characteristics allows it to be recycled thus making it environment friendly as compared to other plastics. Growing awareness among people regarding plastic recycling and government initiatives for promoting sustainable manufacturing practices will create lucrative opportunities for the overall industry growth. However, chlorinated polyvinyl chloride products turns brittle after some time due to continuous exposure to hydrocarbon chemicals or losing the molecular bond in CPVC materials. It may create hassles for the product manufacturer. Additionally, there is problem of high maintenance of material in leak damage situations, which tends to affect product demand. This could play a setback for product demand over the forecast timeframe.
Chlorinated polyvinyl chloride market is segmented by production process which includes solvent, solid phase and aqueous suspension methods. Product can further be segmented by application and that includes pipes & fittings, fire sprinkler, power cable housing and coating & adhesives. The pipes & fitting was the largest application segment in 2018. Rise in favorable government schemes in Indian subcontinent will drive the pipes & fitting market which will eventually propel product demand during the forecast period.
The versatile product properties such as excellent thermal, mechanical and chemical resistance, chlorinated polyvinyl chloride can be used in multiple industries such as building & construction, electrical & electronics, material handling equipment, healthcare & medical, manufacturing and chemical industry. Never ending and ever-growing demand for safe and reliable pipe & fitting solutions in commercial and residential buildings will be a major factor boosting product demand in the coming years.
North America has been one of the major consumers for chlorinated polyvinyl chloride market due to high product demand in pipes & fittings application across the region. This region is likely to witness significant rise in product demand due to stringent laws about avoiding and controlling fire hazards. Owing to the rapidly growing building & construction business in Asian nations including India, China, Sri Lanka, Malaysia and Indonesia, product will experience augmented demand over the forecast timespan. Due to substantial growth in healthcare industry in Latin America, product demand is likely to increase in the coming years. Middle East & Africa shall witness steady growth rate in product demand during the forecast period.
Some of the key players operating in chlorinated polyvinyl chloride market share include Lubrizol corporation, KEM one, Jiangsu Tianteng Chemical Industry, Novista group, BASF SE, Hangzhou Electrochemical Group Co, Sekisui Chemical, Kaneka Corporation andShandong Xiangsheng New Materials Technology. Players are continuously incorporating acquisitions & mergers and expansion of capacity, as their key growth strategies. For instance, in Jan 2016, Lubrizol corporation started its CPVC manufacturing plant in India. This helped them to increase their presence in Asia Pacific market.
Chlorinated Polyvinyl Chloride (CPVC) Market, By Production Process, 2014-2025 (Tons) (USD Million)
- Solvent method
- Solid phase method
- Aqueous suspension method
Chlorinated Polyvinyl Chloride fMarket, By Application, 2014-2025 (Tons) (USD Million)
- Pipes & fittings
- Fire sprinkler
- Power cable housing
- Adhesives and Coatings
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Lubrizol corporation
- KEM one
- Jiangsu Tianteng Chemical Industry
- Novista group
- BASF SE
- Hangzhou Electrochemical Group Co
- Sekisui Chemical, Kaneka Corporation,
- Shandong Xiangsheng New Materials Technology
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