Global CPVC Market Share Likely to Expand at a CAGR of 7% By 2033

According to Custom Market Insights (CMI), the global CPVC Market size was estimated at USD 5.1 billion in 2022 and is anticipated to reach around USD 9.38 billion by 2030, recording a CAGR of roughly 7% between 2023 and 2030.

The analysis of the chlorinated polyvinyl chloride industry reveals that the growing demand for this material in various applications is fueled by shifting market trends. These trends are expected to contribute to the industry’s growth and also support the expansion of the market over the forecast period.

Browse the full “CPVC Market Size, Trends and Insights Application (Pipes and Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives and Coatings, Others), End User Industry (Construction, Chemical, Electrical and Electronics, Healthcare, Agriculture, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 202–2030” report at https://www.custommarketinsights.com/report/cpvc-market/

Global Chlorinated Polyvinyl Chloride CPVC Market: Dynamics

Chlorinated polyvinyl chloride (CPVC) was first introduced by Lubrizol in the early 1960s and has since proven to be a valuable material in applications requiring resistance to high temperatures and corrosion.

The material’s fire-retardant properties and versatility in bending, welding, and shaping also contribute to its popularity, driving the growth of the global chlorinated polyvinyl chloride CPVC market. Additionally, the increasing use of CPVC in fire sprinkler systems and power cable casings and tubes further fuels market growth.

Its long-lasting, non-corrosive properties make it an ideal material for the building and construction industry, as it does not require replacement for approximately 15-20 years. However, the brittle nature of CPVC pipes and the high costs associated with repairing leaks or damages may hinder market growth over the forecast period.

Report Scope

Chlorinated polyvinyl chloride CPVC Market – Recent Developments

• In October 2022, Shandong Xiangsheng New Materials Technology Co., Ltd. announced the completion of its CPVC plant expansion, increasing its production capacity to 100,000 tons per year.
• In November 2022, DCW Ltd. announced its plan to invest $16 million to expand its CPVC and Synthetic Iron Oxide Pigment (SIOP) capacity.
• In September 2021, Sekisui Chemical announced the expansion of its CPVC production capacity in the United States to meet the growing demand in the North American region.
• In March 2021, Lubrizol Corporation launched its new CPVC compound, which offers improved flow properties and higher impact resistance.
• In February 2021, Kaneka Corporation announced its plan to expand its CPVC production capacity in Thailand to meet the increasing demand for CPVC in Southeast Asia.
• In January 2021, Ashland Global Holdings Inc. announced the acquisition of the business and assets of Polymers S.L., a Spanish manufacturer of CPVC compounds, to expand its portfolio of thermoplastics and thermosets.

These recent developments indicate the increasing demand for CPVC in various applications and the efforts of key players to expand their production capacity to meet this growing demand. The development of new and improved CPVC compounds also suggests a focus on innovation to enhance the properties and performance of CPVC materials.

List of the prominent players in the global CPVC Market:

• Shandong Xiangsheng New Materials Technology Co. Ltd.
• Sundow Polymers Co. Ltd
• Via Chemical Co. Ltd.
• ASTRAL LIMITED
• Grasim Industries Limited
• DCW Ltd.
• KANEKA CORPORATION
• PolyOne Corporation
• Reliance Industries Ltd
• Hangzhou Electrochemical Group Co.Ltd.
• Shandong Pujie Plastic and Rubber Co. Ltd.
• BASF SE, Shandong Tianchen Chemical Co.Ltd.
• Shriram PolyTech, SEKISUI CHEMICAL CO. LTD.
• Shandong Repolyfine Additives Co. Ltd.
• The Lubrizol Corporation
• Jiangsu Tianteng Chemical Industry Co. Ltd.
• Meghmani Finechem Limited
• KEM ONE
• Hanwha Solutions
• Shandong Novista Chemicals Co.Ltd
• MITSUI & CO. LTD.
• Kunshan Maijisen Composite Materials Co.Ltd

The global CPVC Market is segmented as follows: