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Chlorinated Polyvinyl Chloride Market: By Process, By Application, By Production Method and Region Forecast 2019-2030
Chlorinated Polyvinyl Chloride Market: By Process, By Application, By Production Method and Region Forecast 2019-2030
Chlorinated Polyvinyl Chloride (CPVC) Market size was valued at US$ 1,412.8 million in 2023 and is projected to grow at a CAGR of 10.4% from 2024-2030. CPVC is known for its excellent high-temperature performance and other desirable physical properties. Increased demand for CPVC pipes, vessels, valves, fittings, and other items due to advantages over other products. Corrosion resistance, superior hydraulics, high heat tolerances, and superior flame and smoke characteristics are all advantages of CPVC fire sprinkler systems. With these credentials, it's no surprise that fire sprinkler systems have more listings and approvals than any other non-metallic sprinkler system and can be employed in more applications. The market is expected to offer lucrative opportunities in coming years due to the numerous uses of CPVC in various sectors.
Furthermore, CPVC pipes are less expensive when compared to metal pipes. As a result, more people are opting for CPVC pipes and fittings, which are less expensive but nonetheless practical and long-lasting. The market has experienced shift towards branded luxury products. Strong branding and regular product campaigning through various forums as well as a large distribution network enables to gain the improve the market share in future.
Study Period
2024-2030Base Year
2023CAGR
10.4%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
CPVC is most widely used plumbing system across the world owing to superior corrosion resistance, that prevents pitting and scaling regardless of pH or chlorine levels in the water. This offers longer, more reliable service without the risk of copper leaching and subsequent drinking water contamination. Furthermore, the simpler installation with a solvent cement joining system requires only a few low-cost tools, making mains and risers in larger structures more cost-effective. The higher cost of repairs connected with leak damages is expected to hamper the market.
The North America market has registered the highest revenue share in 2021 and is expected to continue its dominance in the future owing to its growing demand for products in USA, and Canada. However, developing economies in the Asia Pacific are expected to see a potential opportunity throughout the projection period due to an increase in demand for chlorinated polyvinyl chloride in India, China and emerging countries. Furthermore, the growing demand for CPVC in the construction industries is another factor contributing to the market's growth in the Asia Pacific region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1,412.8 million |
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Market CAGR |
10.4% |
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By Process |
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By Application |
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By Production Method |
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By Region |
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Chlorinated polyvinyl chloride (cpvc) market size was valued at US$ 1,412.8 million in 2023 and is projected to grow at a CAGR of 10.4% from 2024-2030.
The key players of the market are Kaneka Corporation, PolyOne Corporation, The Lubrizol Corporation, Hanwha Group, Sekisui Chemical Co., Ltd.
North America is the fastest-growing region for the market
| 1. Executive Summary |
| 2. Global Chlorinated Polyvinyl Chloride (CPVC) Market Introduction |
| 2.1.Global Chlorinated Polyvinyl Chloride (CPVC) Market - Taxonomy |
| 2.2.Global Chlorinated Polyvinyl Chloride (CPVC) Market - Definitions |
| 2.2.1.Process |
| 2.2.2.Application |
| 2.2.3.Production Method |
| 2.2.4.Region |
| 3. Global Chlorinated Polyvinyl Chloride (CPVC) Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Chlorinated Polyvinyl Chloride (CPVC) Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Chlorinated Polyvinyl Chloride (CPVC) Market By Process, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Solvent Method |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Solid-Phase Method |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Aqueous Suspension Method |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Chlorinated Polyvinyl Chloride (CPVC) Market By Application, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Fire Sprinkler Systems |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Pipes & Fitments |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Coatings and Adhesives |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Power Cable Casing |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Chlorinated Polyvinyl Chloride (CPVC) Market By Production Method, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. UV |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Heat |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Chlorinated Polyvinyl Chloride (CPVC) Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Chlorinated Polyvinyl Chloride (CPVC) Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Process Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Solvent Method |
| 9.1.2.Solid-Phase Method |
| 9.1.3.Aqueous Suspension Method |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Fire Sprinkler Systems |
| 9.2.2.Pipes & Fitments |
| 9.2.3.Coatings and Adhesives |
| 9.2.4.Power Cable Casing |
| 9.3. Production Method Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.UV |
| 9.3.2.Heat |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Chlorinated Polyvinyl Chloride (CPVC) Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Solvent Method |
| 10.1.2.Solid-Phase Method |
| 10.1.3.Aqueous Suspension Method |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Fire Sprinkler Systems |
| 10.2.2.Pipes & Fitments |
| 10.2.3.Coatings and Adhesives |
| 10.2.4.Power Cable Casing |
| 10.3. Production Method Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.UV |
| 10.3.2.Heat |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Chlorinated Polyvinyl Chloride (CPVC) Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Solvent Method |
| 11.1.2.Solid-Phase Method |
| 11.1.3.Aqueous Suspension Method |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Fire Sprinkler Systems |
| 11.2.2.Pipes & Fitments |
| 11.2.3.Coatings and Adhesives |
| 11.2.4.Power Cable Casing |
| 11.3. Production Method Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.UV |
| 11.3.2.Heat |
| 11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Chlorinated Polyvinyl Chloride (CPVC) Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Solvent Method |
| 12.1.2.Solid-Phase Method |
| 12.1.3.Aqueous Suspension Method |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Fire Sprinkler Systems |
| 12.2.2.Pipes & Fitments |
| 12.2.3.Coatings and Adhesives |
| 12.2.4.Power Cable Casing |
| 12.3. Production Method Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.UV |
| 12.3.2.Heat |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Chlorinated Polyvinyl Chloride (CPVC) Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Process Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Solvent Method |
| 13.1.2.Solid-Phase Method |
| 13.1.3.Aqueous Suspension Method |
| 13.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Fire Sprinkler Systems |
| 13.2.2.Pipes & Fitments |
| 13.2.3.Coatings and Adhesives |
| 13.2.4.Power Cable Casing |
| 13.3. Production Method Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.UV |
| 13.3.2.Heat |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1. Gaoxin Chemical |
| 14.2.2. Kaneka Chemical |
| 14.2.3. Lubrizol |
| 14.2.4. Novista |
| 14.2.5. Panjin Changrui |
| 14.2.6. Sekisui Chemical |
| 14.2.7. Shanghai Chlor-Alkali Chemical |
| 14.2.8. Sundow Polymers |
| 14.2.9. Xiangsheng Plastic |
| 14.2.10. Xuye New Materials |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.