US Chlorinated Polyvinyl Chloride (CPVC) Market Size Likely to Surpass at a CAGR of 7.8% By 2033

As per the current market research conducted by the CMI Team, the US CPVC Market size is expected to record a CAGR of 7.8% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 1.4 Billion. By 2032, the valuation is anticipated to reach USD 2.8 Billion.

US Chlorinated Polyvinyl Chloride (CPVC) Market: Growth Factors and Dynamics

• Rising Demand in HVAC Systems: The increasing demand for heating, ventilation, and air conditioning (HVAC) systems in the US contributes to the growth of the Chlorinated Polyvinyl Chloride (CPVC) market. CPVC’s ability to handle varying temperatures and resist corrosion makes it an ideal material for HVAC piping applications.

• Expanding Industrial Applications: CPVC finds expanded use in diverse industrial applications in the US, including chemical processing and manufacturing. Its chemical resistance and durability make it well-suited for conveying a range of fluids in industrial settings, driving its adoption in this sector.

• Replacement of Traditional Materials: The trend of replacing traditional materials like copper and steel with CPVC in plumbing applications drives market growth. CPVC offers cost-effectiveness, longevity, and ease of installation, making it a preferred choice.

• Adherence to Stringent Building Codes: The adherence to stringent building codes and regulations in the US supports the use of CPVC, ensuring compliance with safety standards and fostering its widespread adoption in various construction applications.

• Increasing Focus on Water Treatment: The growing awareness of water treatment and purification systems in the US boosts the demand for CPVC pipes, especially in residential and industrial projects, where conveying treated water with corrosion-resistant materials is essential.

• Technological Advancements: Ongoing technological advancements in CPVC manufacturing enhance product performance, offering improved formulations and making CPVC a technologically advanced choice in the construction industry.

• Residential and Commercial Retrofitting: The emphasis on retrofitting and upgrading existing structures, particularly in the residential and commercial sectors, further drives the demand for CPVC in the US market as a suitable material for renovation and modernization projects.

• Construction Industry Boom: The US Chlorinated Polyvinyl Chloride (CPVC) market is propelled by a robust construction sector. CPVC pipes and fittings are widely utilized in residential, commercial, and industrial construction projects, benefiting from the industry’s sustained growth.

US Chlorinated Polyvinyl Chloride (CPVC) Market: Partnership and Acquisitions

• In 2022, DCW Limited has disclosed plans to broaden CPVC resin production by inaugurating a new manufacturing unit in the country. This expansion underscores DCW Limited’s commitment to meeting the growing demand for CPVC in the market.

• In 2021, The Lubrizol Corporation partnered with Grasim Industries Limited, an Aditya Birla Group flagship. This collaboration is geared towards the manufacturing and supply of CPVC resin, leveraging the combined strengths of Lubrizol’s expertise and Grasim Industries’ industry presence.

Report Scope

US Chlorinated Polyvinyl Chloride (CPVC) Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the US CPVC Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruptions in Supply Chain: The US Chlorinated Polyvinyl Chloride (CPVC) market experienced significant disruptions in its supply chain during the COVID-19 pandemic, leading to challenges in obtaining raw materials and causing delays in the production of CPVC pipes and fittings.

• Construction Slowdown: The pandemic-induced restrictions resulted in a notable slowdown in construction activities across the United States, directly impacting the demand for CPVC in various construction projects, including residential, commercial, and industrial developments.

• Uncertainty in Construction Sector: Economic uncertainties stemming from the pandemic created a climate of uncertainty within the construction sector. This uncertainty influenced investment decisions, causing a temporary decline in the growth trajectory of the US Chlorinated Polyvinyl Chloride (CPVC) market.

• Shifts in Consumer Spending: Changes in consumer spending patterns during the pandemic had a cascading effect on construction and infrastructure projects. The fluctuating consumer behavior influenced the demand for CPVC materials, impacting their utilization in construction applications.

• Government Infrastructure Investments: Government initiatives aimed at stimulating economic recovery included substantial investments in infrastructure development. These investments provided a crucial stimulus to the construction sector, contributing significantly to the revival of demand for CPVC.

• Resumption of Construction Activities: With the gradual easing of pandemic-related restrictions, construction activities resumed across the United States. This resumption, coupled with increased construction projects, played a pivotal role in driving the demand for CPVC, particularly in plumbing, infrastructure, and retrofitting projects.

• Rising Demand for Residential Renovations: The recovery phase witnessed a surge in the demand for residential renovations. Homeowners, capitalizing on the favourable market conditions, increased their focus on upgrading plumbing systems, leading to heightened demand for CPVC in residential applications.

• Technological Advancements: Ongoing technological innovations within the CPVC manufacturing sector became instrumental in the market’s recovery. Manufacturers embraced advanced formulations and production methods, ensuring that CPVC products met evolving industry requirements, thus contributing to the material’s renewed popularity.

• Strategic Marketing Initiatives: Manufacturers implemented strategic marketing initiatives during the recovery phase to reinforce the merits of CPVC. Emphasizing its durability, cost-effectiveness, and adaptability to modern construction needs, these initiatives played a crucial role in accelerating the market recovery and reinstating CPVC as a preferred material in the US construction landscape.

In conclusion, the COVID-19 pandemic has had a mixed impact on the US Chlorinated Polyvinyl Chloride (CPVC) Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the US Chlorinated Polyvinyl Chloride (CPVC) Market:

• Harvel Plastics Inc.
• Viking Group Inc.
• Zhejiang Weixing New Building Materials Co. Ltd.
• Finolex Industries Limited
• Sekisui Chemical Co. Ltd.
• Chemtura Corporation
• Lubrizol Corporation
• NIBCO Inc.
• Georg Fischer Harvel LLC
• Charlotte Pipe and Foundry Company
• IPEX Inc.
• Silver-Line Plastics Corporation
• Spears Manufacturing Company
• Tyco International (Johnson Controls)
• Astral Poly Technik Limited
• Others

The US Chlorinated Polyvinyl Chloride (CPVC) Market is segmented as follows:

By Grade

• Extrusion Molding
• Injection Molding

By Application

• Pipes & Fittings
• Adhesives & Coatings
• Cables
• Others

By End-use

• Commercial
• Residential
• Industrial