Chlorinated polyvinyl chloride (CPVC) is a type of plastic material that is derived from polyvinyl chloride (PVC) resin. The PVC resin is primarily composed of polymerized vinyl chloride molecules and is a rigid and brittle material with a high glass transition temperature.
The chlorinated polyvinyl chloride (CPVC) market consists of sales, by entities (organizations, sole traders and partnerships), of chlorinated polyvinyl chloride (CPVC) that is produced by chlorinating PVC resin, which results in a material with higher heat resistance and improved chemical resistance compared to PVC.
The global chlorinated polyvinyl chloride (CPVC) market was valued at $3,120.00 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 6.0%.
Growth In The Construction Industry
During the historic period, the growth in the construction industry propelled the growth of the chlorinated polyvinyl chloride (CPVC) market. The construction industry encompasses all activities related to the planning, design, construction and maintenance of buildings, infrastructure and other structures. CPVC is extensively used in the construction industry, providing durable, cost-effective and versatile piping solutions for various plumbing and fluid-handling applications in residential, commercial and industrial settings. For instance, in July 2021, according to the reports shared by the Department for Leveling Up, Housing and Communities (DLUHC), a UK-based government department, construction of residential structures and houses grew by 4% to 49,470 in the UK from 2020 to 2021. Additionally, compared to the prior year, building and construction in London significantly increased in 2021, rising by 18% to 14,530. Therefore, the growing construction industry drove the growth of the chlorinated polyvinyl chloride (CPVC) market.
Expanding Capacity Of CPVC Compounds To Meet Growing Demand And Domestic Supply Needs
Companies in the chlorinated polyvinyl chloride (CPVC) market are expanding their CPVC compounds capacity to capitalize on the growing demand for CPVC due to its superior properties and ease of installation. For instance, in August 2023, Epigral Ltd., an India-based chemical manufacturing company, announced its expansion into CPVC compounds. This expansion is in line with Epigral's earlier commissioning of a CPVC resin capacity of 30,000 TPA (tons per annum). It aims to increase to 75,000 TPA by Q4 FY24. Additionally, it adds to domestic supply volume, thereby contributing to bridging the demand and supply gap in the Indian market.
The global chlorinated polyvinyl chloride (CPVC) market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up 21.82% of the total market in 2022.
Chlorinated Polyvinyl Chloride (CPVC) Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global chlorinated polyvinyl chloride (CPVC) market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for chlorinated polyvinyl chloride (CPVC)? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The chlorinated polyvinyl chloride (CPVC) market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider chlorinated polyvinyl chloride (CPVC) market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by grade, by application and by end user industry.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the chlorinated polyvinyl chloride (CPVC) market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by grade, by application and by end user industry in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for chlorinated polyvinyl chloride (CPVC) providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Grade: Injection Grade; Extrusion Grade
- 2) By Application: Pipes And Fittings; Fire Sprinkler Systems; Power Cable Casing; Adhesives And Coatings; Other Applications
- 3) By End User Industry: Construction; Chemical; Electrical And Electronics; Healthcare; Agriculture; Other End User Industries
- Companies Mentioned: Kaneka Corporation; Nan Ya Plastics Corporation; Sekisui Chemical Co. Ltd.; Lubrizol Corporation; Astral Ltd.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; chlorinated polyvinyl chloride (CPVC) indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.