The report “Chlorinated Polyvinyl Chloride Market by Grade (Injection, Extrusion), Form (Pellet, Powder), Sales Channel (Direct Sales, Indirect Sales), Production Process, End-use Industry (Residential, Commercial, Industrial), & Region – Global Forecast to 2028″, is estimated at USD 1.6 billion in 2023 and is projected to reach USD 2.7 billion by 2028, at a CAGR of 11.1% from 2023 to 2028. Chlorinated polyvinyl chloride (CPVC) resin is a specialized thermoplastic material derived by modifying polyvinyl chloride through the chlorination process. This modification introduces chlorine atoms into the PVC polymer chain, enhancing properties that make CPVC suitable for various applications. CPVC exhibits superior heat resistance, chemical resistance, and flame-retardant characteristics compared to traditional PVC, making it a valuable material across industries.
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• 294 Market data Tables
• 60 Figures
• 245 Pages and in-depth TOC on “Chlorinated Polyvinyl Chloride Market – Global Forecast to 2028”
Some of the prominent key players are:
- The Lubrizol Corporation (US)
- Sekisui Chemical Co., Ltd. (Japan)
- Meghmani Finechem Limited (India)
- Shandong Novista Chemical Co., Ltd. (China)
- Shandong Pujie Rubber & Plastic Co., Ltd. (China)
- Kaneka Corporation (Japan)
- Shandong Yada New Material Co., Ltd. (China)
- KEM ONE (France)
- Shandong Xuye New Materials Co., Ltd. (China)
- DCW Limited (India)
- Sundow Polymers Co., Ltd. (China)
- Mitsui & Co., Ltd. (Japan)
- Shanghai Chlor-Alkali Chemical Co., Ltd. (China)
- Shandong Gaoxin Chemical Co., Ltd. (China)
Driver: Growth of construction industry across the globe
CPVC resin is a dependable material that’s gaining popularity in construction, especially in plumbing systems, due to the industry’s growth in residential and commercial sectors. CPVC’s corrosion resistance and cost-effectiveness make it an attractive choice for plumbing applications. Infrastructure modernization and urbanization fuel the construction of new buildings, commercial spaces, and residential complexes in developed and emerging economies. As construction activities surge, the need for efficient, durable, and sustainable materials becomes more pronounced.
Based on the end-use industry, residential segment is anticipated to register the highest CAGR in the CPVC market
CPVC plays a crucial role in the residential application by providing durable and efficient plumbing solutions. It is extensively used in plumbing systems, delivering corrosion resistance and the ability to handle hot and cold water. CPVC ensures consistent water flow, facilitates hot water distribution, and connects appliances and fixtures securely. It also contributes to fire safety due to its flame-retardant properties in fire sprinkler systems. The versatility of CPVC extends to outdoor plumbing, water heater connections, and more, making it a material that enhances the reliability and convenience of residential plumbing systems.
Asia Pacific to hold the largest market share of CPVC market during the forecast period.
The increasing production of CPVC to cater to the domestic requirements of the residential, commercial, and industrial sectors is fueling the demand for CPVC in the region. The population growth and the growing number of end-use industries in Asia Pacific have also led to the growth of the CPVC market. An increasing number of construction projects, such as the Beijing New International Airport (China) and the South to North Water Transfer Project (China), are set up in the region. The region is estimated to be the most populated in the world, which creates opportunities for the growth of residential and commercial projects and, thereby, the CPVC market.
