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Chlorinated Polyvinyl Chloride Market Segmented By process such as Solvent Method, Solid-Phase Method, Aqueous Suspension Method having applications such as Pipe & fitments, Fire Sprinkler Systems, Power cable casing, Coatings and adhesives
Newly-released data on the chlorinated polyvinyl chloride market shows that global sales are expected to reach US$ 4.16 Bn in 2022, registering Y-o-Y growth of 5.6%. Going forward, the market for chlorinated polyvinyl chloride is projected to exhibit a CAGR of 6.3% and reach US$ 7.69 Bn by the end of 2032.
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 polyvinyl chloride market.
Chlorinated Polyvinyl Chloride Market Size (2021A)
US$ 3.93 Bn
Market Estimation (2022E)
US$ 4.16 Bn
Market Forecast (2032F)
US$ 7.69 Bn
Value CAGR (2022-2032)
Collective Value Share: Top 3 Countries (2022E)
In the past few years, the global market for chlorinated polyvinyl chloride witnessed year-over-year growth of around 5.6%.
High demand for CPVC pipes in various applications such as commercial water construction, water treatment, data centers, chemical processing, mineral processing, power generation, etc., is being witnessed.
High demand for the production of CPVC sheets and pipes has resulted in higher growth of the market, which will reflect a growth rate of 6.3% CAGR between 2022 and 2032 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 from the building and construction industry.
However, 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. Owed 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 caused by rust and microbiologically influenced corrosion (MIC) in metal pipes.
Moreover, 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 majorly drive market expansion over the coming years.
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.
CPVC is also used in commercial and industrial places in several applications such as HVAC, cooling systems, chemical feeds, metal extraction, pretreatment (softening) of supply water as well as boiler feed systems, and many others.
Further, owing to growing awareness about the emerging benefits of CPVC, CPVC plumbing is being widely employed for the domestic delivery of hot and cold potable water, agricultural fertilizers & irrigation, chemical synthesis & transfer, and drain, waste, and venting pipes.
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 paint or coating, resulting in the reduction of additional environmental impact.
Despite various performance advantages of CPVC, such as outstanding corrosion resistance, ease of installation, and several other safety benefits, it faces certain limitations and restrictions for various applications.
CPVC is not recommended for use in outdoor settings as continued exposure to the sun can adversely impact its strength. It is also not recommended for use in commercial dry systems since it can become brittle when exposed to cold temperatures.
Further, 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, such as certain oils, grease, and surfactants, resulting 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 chlorinated polyvinyl chloride market in the years ahead.
What is the Consumption Outlook of Chlorinated Polyvinyl Chloride in China?
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 China chlorinated polyvinyl chloride market.
Why is India a Key Market for Chlorinated Polyvinyl Chloride Suppliers?
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, thereby resulting in 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.
Which Grade of Chlorinated Polyvinyl Chloride is Most Widely Used?
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 expected to expand at a significant CAGR of 6.4% 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.
Where is Chlorinated Polyvinyl Chloride Used the Most?
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. Moreover, 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.
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 the production of chlorinated polyvinyl chloride to boost their annual turnover.
Some of the key market developments are:
Similarly, other key developments related to companies manufacturing chlorinated polyvinyl chloride have been tracked by the team at Persistence Market Research, which are available in the full report.
Historical Data Available for
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Chlorinated Polyvinyl Chloride Market by Grade:
Chlorinated Polyvinyl Chloride Market by Application:
Chlorinated Polyvinyl Chloride Market by End Use:
Chlorinated Polyvinyl Chloride Market by Region:
The global chlorinated polyvinyl chloride market reached a valuation of US$ 3.93 Bn at the end of 2021.
Growing urbanization, rapid industrialization, and rising building & construction activities, along with increasing investments in wastewater treatment projects are expected to drive market expansion.
Consumption of chlorinated polyvinyl chloride is projected to increase at 5.9% CAGR through 2032 on a volume basis.
Mergers and joint ventures, expansions, collaborations, investments in R&D for the production of chlorinated polyvinyl chloride, and the launch of new end products by key players are key market trends.
China, the U.S., India, Germany, and ASEAN account for the highest consumption of chlorinated polyvinyl chloride.
China, the U.S., India, and GCC are key producers & exporters of chlorinated polyvinyl chloride.
Consumption of chlorinated polyvinyl chloride in China reached 487.2 kilo tons at the end of 2021.