Report ID: PMRREP11230
Number of Pages: 170
Format: PPT*, PDF, EXCEL
Industry: Chemicals and Materials
Published Date: June-2024
The global market for chlorinated polyvinyl chloride is projected to rise from US$4.35 Bn in 2024 to US$7.1 Bn by the end of 2033. The market is anticipated to secure a CAGR of 6.3% during the forecast period from 2024 to 2033.
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Attributes |
Key Insights |
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Market Size (2024E) |
US$4.35 Bn |
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Projected Market Value (2033F) |
US$7.1 Bn |
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Global Market Growth Rate (CAGR 2024 to 2033) |
6.3% |
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Historical Market Growth Rate (CAGR 2019 to 2023) |
4.7% |
Key Highlights of the Market
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The chlorinated polyvinyl chloride (CPVC) market is being driven by several key factors, primarily attributed to its diverse applications and advantageous properties.
CPVC is a thermoplastic produced by chlorination of polyvinyl chloride (PVC) resin, resulting in a material with enhanced chemical resistance.
One significant driver of the CPVC market is its widespread use in piping systems for hot and cold water distribution in residential, commercial, and industrial settings.
Chlorinated polyvinyl chloride pipes are favored due to their ability to withstand higher temperatures than standard PVC pipes, making them ideal for applications. These applications include water plumbing, industrial processing, and fire sprinkler systems.
The demand for durable, corrosion-resistant piping materials like CPVC is expected to rise as urbanization and infrastructure development continue globally.
CPVC's popularity in the construction industry is bolstered by its ease of installation, low maintenance requirements, and long service life.
Builders and contractors increasingly prefer CPVC materials for plumbing systems due to their reliability and cost-effectiveness over the lifespan of a structure.
CPVC's versatility extends beyond piping, with applications in areas like industrial coatings, electrical conduits, and automotive components, further expanding its market potential.
CPVC's position as a viable alternative continues to strengthen, fostering its adoption across various industries and regions with increasing awareness of environmental concerns and stringent regulations regarding material safety and sustainability.
The CPVC market is poised for steady expansion driven by its unique properties, versatile applications, and alignment with sustainability objectives.
South Asia & Pacific is anticipated to remain a key regional market owing to the growing consumption of chlorinated polyvinyl chloride in India, and ASEAN countries.
Sales of chlorinated polyvinyl chloride account for 7% to 9% share of the global market.
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Get a Customized VersionThe global market for chlorinated polyvinyl chloride witnessed year-over-year growth of around 5.6% in the past few years.
High demand for chlorinated polyvinyl chloride pipe in various applications such as commercial water construction, water treatment, data centers is being witnessed.
High demand for CPVC production sheets and pipes has resulted in higher growth of the market, which will reflect a growth rate of 6.3% CAGR between 2024 and 2033 on a value basis.
The market was significantly impacted by the emergence of COVID-19 in 2020. This crisis significantly affected the demand for chlorinated polyvinyl chloride market from the building and construction industry.
The increasing application of CPVC piping systems for industrial and commercial end use is expected to bolster the growth of the CPVC market over the coming years.
Owing to CPVC’s inherent immunity to corrosion, the fire protection industry is looking toward CPVC sprinkler systems to avoid damages due to obstructions, leaks, and system failures.
Several associations and departments allow the use of CPVC pipes in sprinklers for housing units and other residential and commercial buildings where fires tend to develop slower with heat, including schools, churches, nursing homes, and offices.
Growing adoption of CPVC pipes over metal pipes in fire sprinkler systems is expected to drive market expansion over the coming years.
Growth of Construction Sector
CPVC is widely employed in piping systems within the construction industry because of key features such as durability, thermal insulation properties, and excellent corrosion resistance.
The demand for CPVC pipes for applications including HVAC, fire sprinklers systems and plumbing rises with the increase in construction activities.
These pipes are lightweight and easy to install, which reduces labor costs and installation time for construction projects. This makes them particularly favorable for large-scale construction projects where time efficiency is crucial.
CPVC pipes have a long service life and need minimal maintenance, lessening lifecycle prices for construction projects. This factor makes them popular amid both developers as well as contractors who are looking for sustainable building materials.
Increasing Demand for CPVC
Growing demand for CPVC from end use sectors such as residential, commercial, and industrial for diverse applications is a prominent factor for market growth.
CPVC is a low-cost material with high heat deflection temperature, excellent glass transition temperature, outstanding flame & smoke properties, and chemical inertness.
The properties of chlorinated polyvinyl chloride, such as chemical-resistant, flexible, and strong, make it a suitable material for the manufacturing of commercial and industrial grade pipes for liquid distribution in residential areas.
It is also used in commercial and industrial places in several applications such as HVAC, cooling systems, chemical feeds, metal extraction, pre-treatment (softening) of supply water.
CPVC plumbing is being widely employed for the domestic delivery of hot and cold potable water, chemical synthesis & transfer, and drain, waste, and venting pipes owing to growing awareness about the emerging benefits of CPVC.
CPVC Use for Commercial Dry Systems, and Outdoor Settings
CPVC faces certain limitations and restrictions for various applications despite various performance advantages of CPVC, such as outstanding corrosion resistance, ease of installation, and several other safety benefits.
It is not recommended for use in outdoor settings as continued exposure to the sun can adversely impact its strength. It is also not suggested for use in commercial dry systems since it can become brittle when exposed to cold temperatures.
CPVC is designed to safely handle various organic solvents that are soluble in water, such as alcohols, but not recommended with most polar organic materials including certain oils, grease, and surfactants.
It thus results in less adoption of CPVC in drainage or gravity waste systems. However, continuous technological advancements and research and developments to overcome these limitations are expected to offer a positive outlook for the growth of the market in the years ahead.
Multiple Environmental Benefits
Every piping product and material has an impact on the environment. These environmental effects include obtaining the raw materials required to build various types of piping, using energy to produce the piping, and disposing of the material after it is finished.
CPVC offers various environmental benefits over other plastic materials, and thus, will create great opportunities for CPVC manufacturers.
The production process of CPVC requires less energy as compared to other plastic materials and consumes fewer industrial metals.
CPVC also contains less petroleum content and its production uses lesser non-renewable oil reserves as compared to other plastic materials.
Further, CPVC is naturally corrosion-resistant and requires no paints or coating, resulting in the reduction of additional environmental impact.
Extrusion Grade to Record 6.5% CAGR Through 2033
Extrusion grade chlorinated polyvinyl chloride’s market share is expected to be on the higher side over the forecast period.
Extrusion grade CPVC is employed in the manufacturing of long, continuous shapes such as sheets and piping. It is an efficient process for manufacturing sheets and pipes and can be operational until a new product size is made.
The segment is projected to expand at a significant CAGR of 6.5% during the forecast period.
Further, increasing demand for CPVC pipes for diverse applications is expected to maintain the demand for extrusion grade chlorinated polyvinyl chloride over the coming years.
Pipes & Fittings to Remain the Prominent Segment
Pipes & fittings are a prominent segment with high market attractiveness. This segment is expected to create an incremental dollar opportunity of US$2.79 Bn by the end of 2032.
This can be attributed to the higher use of CPVC pipes & fittings in residential buildings for plumbing applications to deliver hot and cold potable water.
CPVC pipes & fittings are also employed for various industrial and commercial applications, such as chemical processing, commercial plumbing, electrical power production, mineral mining and development, and water & wastewater treatment.
Surge in Infrastructure Projects Fuels Asia Pacific’s CPVC Market
Growing urban population of Asia Pacific require the infrastructure development including industrial facilities, residential buildings, and commercial complexes which need CPVC pipes and fittings for HVAC systems, other utilities and plumbing.
Asia Pacific is home to a burgeoning industrial sector, including manufacturing, petrochemicals, and food processing industries.
CPVC finds extensive use in industrial piping systems due to its ability to withstand a wide range of chemicals, high temperatures, and corrosive environments.
As industrial activities expand across the region, the demand for CPVC products continues to grow.
Governments in countries like China, India, and Southeast Asian nations are investing heavily in infrastructure development projects, including transportation networks, utilities, and urban development initiatives. This surge in infrastructure projects fuels the demand for CPVC products for use in water supply systems, sewage networks, and industrial piping applications.
China is a prominent manufacturer and consumer of chlorinated polyvinyl chloride. Substantial production volume of chlorinated polyvinyl chloride products in the country has driven market growth, which is also backed by a high manufacturer presence in the country.
China is estimated to consume around 1,003.2 kilo tons of chlorinated polyvinyl chloride by the end of 2032.
Development of the industrial sector in the country has resulted in the substantial supply and demand capability of chlorinated polyvinyl chloride in the past few years.
The rapidly growing commercial and industrial sectors in the country, along with the increasing number of housing units are key factors driving the growth of the Chinese chlorinated polyvinyl chloride market.
India Remains an Emerging Market in South Asia and Pacific
India is considered an emerging market in South Asia and Pacific where the contribution of the building and construction industry to overall GDP growth is significant.
The building and construction industry comprises the residential, commercial, and industrial sectors. These industries are growing steadily in the country, leading to an increase in demand for pipes and fittings used in the buildings.
The government is focusing on the development of large-scale residential and commercial infrastructural projects in the country, which is also expected to positively impact the growth of the market.
Moreover, commercial construction is anticipated to witness significant growth over the forecast period, which can be attributed to an increase in industrialization, especially in key regions. This will increase the demand for CPVC for several applications in commercial spaces.
Prominent market participants are focusing on the expansion of their production to cater to the growing demand from end users. To enhance their market dominancy, they are entering into long-term supply agreements to increase their consumer base.
Several end-product manufacturers from emerging economies are also opting for chlorinated polyvinyl chloride production to boost their annual turnover.
Companies in the market compete on the basis of quality and range of their CPVC products. Ancillary products, compound formulations, CPVC resin quality, fittings and pipe dimensions are some of the factors based on which companies compete.
Innovation in product offerings, such as improved formulations for enhanced performance or the development of eco-friendly CPVC variants, can provide a competitive edge.
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Attributes |
Details |
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Forecast Period |
2024 to 2033 |
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Historical Data Available for |
2019 to 2023 |
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Market Analysis |
US$ Billion for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
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A few of the top industry players operating in the market are the Lubrizol Corporation, SEKISUI CHEMICAL CO., LTD, and Kem One SAS.
Emerging benefits of chlorinated polyvinyl chloride is a key opportunity in the market.
Growing construction sector is a key growth driver for market.
The market is projected to rise from US$4.35 Bn in 2024 to US$7.1 Bn by the end of 2033 to secure a CAGR of 6.3% during the forecast period from 2024 to 2033.
Extrusion grade chlorinated polyvinyl chloride’s market share is expected to be on the higher.
