Report Ocean presents a comprehensive research report on Chlorinated Polyvinyl Chloride, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Chlorinated Polyvinyl Chloride.
The global chlorinated polyvinyl chloride market size was US$ 4.7 billion in 2021. The global chlorinated polyvinyl chloride market is expected to grow to US$ 8.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.5% during the study period from 2022 to 2030.
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Chlorinated polyvinyl chloride is a thermoplastic polymer with high thermo-mechanical characteristics and superior heat and corrosion resistance. CPVC is primarily used in the manufacturing of pipes and fittings.
Factors Influencing the Market
The global chlorinated polyvinyl chloride market is expected to record a sharp increase in terms of revenue due to the rapidly growing construction industry. Further, growing urbanization and residential construction activities in developing economies like China, India, Japan, etc., are projected to bring ample growth opportunities for the global chlorinated polyvinyl chloride market during the analysis period.
The fact that CPVC finds a wide range of applications in fire sprinkler systems and they are highly durable, easy to fabricate and install, will contribute to the market growth. Apart from that, several insurance companies are offering favourable incentives to install fire sprinkler systems. Since CPVC is one of the essential components used in the manufacturing of fire sprinklers, the market will witness ample growth opportunities.
However, the high cost of chlorinated polyvinyl chloride may limit the growth of the market during the study period.
COVID-19 Impact Analysis
COVID-19 has significantly affected the chlorinated polyvinyl chloride market as the range of construction activities reduced dramatically due to government instructions to maintain distance. In the midst of government-imposed lockdown measures, the COVID-19 epidemic across the globe had disrupted manufacturing activity in a number of end-use industries, including construction, textiles, electronics, and others. As a result, it became a major fall-off for the chlorinated polyvinyl chloride market during the pandemic period.
Regional Analysis
The Asia- Pacific chlorinated polyvinyl chloride market is projected to occupy the largest share in the market. Chlorinated Polyvinyl Chloride (CPVC) demand is primarily prompted by the growing urbanization and rising range of construction projects in the emerging economies. Since the region is home to a large number of growing nations like India and China, it is increasing the growth prospects of the chlorinated polyvinyl chloride market. Additionally, industry players are also making constant efforts to expand in the region. For instance, Lubrizol Advanced Materials, Inc., and Prince Pipes and Fittings Ltd., inked an agreement of Corzan CPVC Processor in August 2021, aimed at the manufacturing and sale of Corzan CPVC Material and Piping solutions in India. Thus, such initiatives are projected to prompt market growth during the analysis timeframe.
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Competitors in the Market
The Lubrizol Corporation
SEKISUI CHEMICAL CO., LTD.
BASF AG
Kem One SAS
Kaneka Corporation
PolyOne Corporation
Jiangsu days Teng Chemical Co., Ltd.
Shandong Kexing Chemical Co., Ltd.
Shandong Tianchen Chemical Co., Ltd.
Panjin Changrui Chemical Industry Co., Ltd.
Other Prominent Players
Market Segmentation
The global chlorinated polyvinyl chloride market segmentation focuses on Application, End-User Industry, and Region.
By Application
Adhesives & Coatings
Pipes & Fittings
Fire Sprinkler Systems
Power Cable Casing
By End User Industry
Construction
Chemical
Electrical & Electronics
Healthcare
Agriculture
Others
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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