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Chlorinated Polyvinyl Chloride (CPVC) Market Size, Share and Industry Analysis Report by Production Process (Solvent Method, Solid Phase Method, Aqueous Suspension Method) and Application (Pipes & Fittings, Fire Sprinklers, Power Cable Housing, Adhesives & Coatings), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4155
  • Base Year: 2021
  • Report Format: PDF

Industry Overview

Chlorinated Polyvinyl Chloride (CPVC) Market size was valued at USD 1.6 billion in 2021 and will showcase a growth rate of around 11.4% CAGR from 2022 to 2028 owing to the rising preference for effective, durable, and affordable CPVC pipes & fittings. In terms of volume, the market is anticipated to reach a CAGR of 10.4% while recording 1,698.5 Kilo Tons.
 

chlorinated polyvinyl chloride market outlook

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CPVC can be described as a Polyvinyl Chloride (PVC) that has undergone a free radical chlorination reaction. Chlorine is added to PVC in a fluidized bed chlorination process or a water slurry to produce CPVC. Ultraviolet light initiates the chlorination process. For further processing, the chlorinated PVC is compounded with materials required for the desired characteristics.
 

The addition of chlorine to PVC improves CPVC's temperature performance and fire & corrosion resistance. Because of its low cost, high thermal distortion temperature, chemical inertness, and good mechanical, dielectric, flame & smoke capabilities, Chlorinated Polyvinyl Chloride (CPVC) has become a prominent engineering thermoplastic.
 

The wide range of CPVC applications will drive its global demand in the coming years due to its superior capabilities and efficient & simple installation. CPVC is a modified form of PVC, which is a more stable polymer that can withstand higher temperatures than standard PVC. PVC has a chlorine concentration of 56% - 57%; however, after chlorination, CPVC has a chlorine content of 63% - 67% on its hydrocarbon chain. Moreover, other significant properties, such as corrosion resistance, prominent mechanical strength, and extremely high flash ignition rate, are expected to propel the chlorinated polyvinyl chloride market growth during the projected period.
 

On the other hand, the brittle nature of chlorinated polyvinyl chloride pipes and the greater costs associated with their maintenance & repair due to leaks and damages may offer a significant barrier to product penetration. Additionally, the COVID-19 pandemic has adversely affected the global CPVC industry. Due to nationwide lockdown and trade restrictions to prevent the spread of COVID-19, the production and consumption of CPVC materials have witnessed an exponential decline in demand.
 

The solvent method will showcase considerable market growth

CPVC market by production process

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The solvent method was valued at over USD 445 million in 2021 and is expected to grow at over USD 930 million by 2028 owing to its increasing preference over distillation techniques. Due to features including the convenience of continuous operation & automation, huge production capacities, quick action, and decreased energy usage, this method is witnessing higher preference. Furthermore, the advent of novel separation techniques integrating multiple solvent-based technologies is another favorable element for segment growth.
 

The pipes & fittings segment will foster business growth

CPVC market by application

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The pipes & fittings segment was valued at over USD 750 million in 2021 and is anticipated to reach over USD 1,660 million by 2028. Due to its strong & durable features, the pipes and fittings segment is expected to witness increased penetration in plumbing applications. The product is perfect for residential, commercial & industrial plumbing and fire sprinkler systems due to its inherent reliability, chemical resistance, and robust qualities to withstand tremendous heat & pressure. The increasing number of favorable government schemes will further bolster the chlorinated polyvinyl chloride market growth during the projected period.
 

North America will drive the market growth

CPVC market by region

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The North America CPVC market is expected to generate nearly USD 430 million by 2027 by growing at a CAGR of over 10% from 2022 to 2028 owing to rising demand for CPVC in the pipes & fittings and fire-sprinkler industries, contributing to the regional market expansion. The presence of several key CPVC manufacturers along with the rising North America electrical & electronics sector is expected to drive the product demand over the forecast timeframe.
 

Mergers & acquisitions along with increasing R&D activities to drive the industry growth

Key players operating in the chlorinated polyvinyl chloride industry include Lubrizol Corporation, KEM One, Jiangsu Tianteng Chemical Industry, Novista Group, BASF SE, Hangzhou Electrochemical Group Co., Ltd., Sekisui Chemical, Kaneka Corporation, Shandong Xiangsheng New Materials Technology, and Avient Corporation. Industry players are engaged in R&D investments, product launches, and establishing new production facilities to enhance their market shares.
 

In September 2019, Shandong Xiangsheng New Materials Technology established an R&D center for plastic (CPVC) fire protection systems. The center is set to speed up the development of CPVC in China. Together with design institutes, trade associations & pioneer enterprises, it is foreseeable that the CPVC industry is to flourish in the region.
 

The global chlorinated polyvinyl chloride market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons & Revenue in USD Million from 2022 to 2028 for the following segments:

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
    • Italy
    • France
    • Russia
    • Spain
  • Asia pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • Qatar
    • UAE
    • South Africa

 

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The chlorinated polyvinyl chloride (CPVC) industry size had crossed USD 1.6 billion in 2021 and is expected to strike a growth rate of over 11.4% between 2022 and 2028 on account of the increasing need for durable, effective, and affordable pipes & fittings.

The chlorinated polyvinyl chloride (CPVC) industry share from the solvent production method surpassed USD 445 million in 2021 and will account for close to USD 930 million by 2028 on account of its growing preference over distillation techniques.

The CPVC market revenue from the pipes & fittings application segment was over USD 750 million in 2021 and will exceed USD 1,660 million by 2028 owing to increasing demand in plumbing activities.

North America CPVC (chlorinated polyvinyl chloride) industry will record over USD 430 million by 2027 due to the surging need in the pipes & fittings and fire-sprinkler industries across the region.

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Premium Report Details

  • Published Date: May 2022
  • Companies covered: 10
  • Tables & Figures: 349
  • Countries covered: 20
  • Pages: 265

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