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Description
chlorinated polyvinyl chloride (CPVC) market is estimated to be valued at USD 1,312.8 Million in 2021 and is projected to expand at a rate of 10.4% from 2022 to 2028. 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. In Jan 2018, Kaneka Aerospace Composites has bought Henkel Corporation’s Composites Portfolio to boost the company’s growth, revenue, and market position.
