Chlorinated Polyvinyl Chloride (CPVC) Market Analysis

Chlorinated Polyvinyl Chloride Market Analysis

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.
 

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.
 

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.