PUBLISHER: The Business Research Company | PRODUCT CODE: 1666489
PUBLISHER: The Business Research Company | PRODUCT CODE: 1666489
Chlorinated polyvinyl chloride (CPVC) is a high-temperature thermoplastic derived from the chlorination of polyvinyl chloride (PVC) resin. CPVC materials are characterized by their elevated mechanical strength, impact resistance, and flame-retardant properties, making them well-suited for plumbing applications in residential, commercial, and industrial structures.
The primary production processes for chlorinated polyvinyl chloride (CPVC) include the solvent method, aqueous suspension method, solid phase method, and others. The solvent method involves dissolving a specific substance from a mixture using a solvent while leaving other substances undissolved. This method comprises injection grade and extrusion grade processes and finds applications in various sectors, including pipes and fittings, fire sprinkler systems, power cable casing, adhesives, and coatings. The key end-user industries for CPVC encompass construction, chemical, electrical and electronic, healthcare, agriculture, and more.
The chlorinated polyvinyl chloride (CPVC) market research report is one of a series of new reports from The Business Research Company that provides chlorinated polyvinyl chloride (CPVC) market statistics, including chlorinated polyvinyl chloride (CPVC) industry global market size, regional shares, competitors with a chlorinated polyvinyl chloride (CPVC) market share, detailed chlorinated polyvinyl chloride (CPVC) market segments, market trends and opportunities, and any further data you may need to thrive in the chlorinated polyvinyl chloride (CPVC) industry. This chlorinated polyvinyl chloride (CPVC) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The chlorinated polyvinyl chloride (CPVC) market size has grown strongly in recent years. It will grow from$4.6 billion in 2024 to $5.02 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to increased piping and plumbing applications, growth in construction industry, versatility in processing, replacement for metal pipes, water treatment industry, cost-effective alternative
The chlorinated polyvinyl chloride (CPVC) market size is expected to see strong growth in the next few years. It will grow to $7.2 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to focus on water efficiency, expanding oil and gas sector, rise in hydronic heating systems, demand in chemical processing plants, sustainable construction practices. Major trends in the forecast period include technological innovations in CPVC production, integration in plumbing systems, traditional piping materials, sustainability and environmental considerations, advancements in CPVC formulations.
The anticipated increase in building and construction projects is expected to drive the growth of the chlorinated polyvinyl chloride (CPVC) market in the future. Building and construction projects involve the planned activities of constructing, renovating, refurbishing, retrofitting, or modifying a structure or other built asset. CPVC is widely utilized in these projects due to its flexibility, durability, chemical resistance, and capacity to withstand high temperatures, making it suitable for plumbing systems in both residential and commercial buildings. It is also effective in managing industrial liquids as well as hot and cold-water supply pipelines. For example, a report from the Office for National Statistics (ONS), a UK government agency, revealed that construction output is projected to have increased by 1.0% over the three months leading up to August 2024, largely driven by a 1.7% rise in new work. Therefore, the surge in building and construction projects is contributing to the growth of the chlorinated polyvinyl chloride market.
The anticipated growth of the chlorinated polyvinyl chloride market is further fueled by the ongoing trend of urbanization. Urbanization denotes the process whereby populations shift from rural to urban or metropolitan areas, contributing to the growth and expansion of cities. Chlorinated polyvinyl chloride (CPVC) plays a pivotal role in various urbanization contexts, including water distribution systems, infrastructure piping, construction of urban buildings, as well as renovation and retrofitting projects. As of April 2023, data from The World Bank, a US-based international financial organization, indicates that approximately 56% of the global population resides in urban areas, with projections indicating a 1.5 times increase in the global urban population, reaching 6 billion by the year 2045. This surge in urbanization serves as a key driver for the growth of the chlorinated polyvinyl chloride market.
Technological advancements are emerging as a significant trend in the chlorinated polyvinyl chloride (CPVC) market. Leading companies in this sector are concentrating on developing collaborative advanced solutions to enhance their market presence. For example, in November 2023, Lubrizol, a US-based specialty chemicals firm, partnered with Grasim, an Indian producer of cellulosic fibers and diversified chemicals, to establish a CPVC resin plant. This facility is intended to boost the production capacity of high-performance CPVC, addressing the increasing demand in plumbing, construction, and industrial applications. The cutting-edge plant will employ advanced technologies to optimize manufacturing processes while emphasizing sustainability. This collaboration aims to strengthen the supply chain for CPVC products in Asia and beyond, delivering customers innovative and durable solutions that adhere to stringent quality standards.
Prominent players in the chlorinated polyvinyl chloride market are also actively introducing innovative products such as green CPVC cement. This specialized adhesive, formulated for use with CPVC pipes and fittings in plumbing applications, addresses the need for efficient and reliable bonding. For instance, in March 2022, Oatey Co., a US-based manufacturer of solvent cements, launched the 'FlowGuard High Contrast 1-Step Medium Green CPVC Cement.' This distinctive adhesive features a vivid color designed to help professional installers easily identify solvent-welded CPVC connections, especially against contrast yellow pipes.
In August 2022, Wavin B.V., a leading Netherlands-based manufacturer specializing in ground plastic pipe and fitting systems, successfully completed the acquisition of Bow Plumbing Group Inc. The financial details of the transaction were not disclosed. This strategic move is part of Wavin B.V.'s overarching objective to enhance its product portfolio and capitalize on its global presence and innovation capabilities, thereby contributing to the advancement of sustainable urban and residential development. Bow Plumbing Group Inc., based in Canada, is recognized for its expertise in manufacturing plastic pipes and fittings, including chlorinated polyvinyl chloride (CPVC), ABS, and PVC products tailored for both residential and commercial construction applications.
Major companies operating in the chlorinated polyvinyl chloride (CPVC) market include Lubrizol Corporation, Jiangsu Tianteng Chemical Industry Co. Ltd., Sekisui Chemical Co. Ltd., Sundow Polymers Co. Ltd., Hanwha Solutions Corporation, Astral Ltd., Shandong Repolyfine Additives Co. Ltd., Shriram PolyTech Ltd., GEON Performance Solutions, Henan Bingo Pipeline Co. Ltd., Petron Thermoplast LLP, Diamond Plastics Corporation, Kaneka Corporation, Shandong Xiangsheng New Materials Technology Co. Ltd., Charlotte Pipe and Foundry Company, IPEX Inc., BASF SE, Kem One SAS, Novealis Holdings LLC, Polyone Corporation, Jiangsu Days Teng Chemical Co. Ltd., Nanya Plastics Corporation, Panjin Changrui Chemical Industry Co. Ltd., Formosa Plastics Corporation, Gaoxin Chemical Co. Ltd., Yuyao XiangSheng Plastic Co. Ltd., Shanghai Chlor-Alkali Chemical Co. Ltd., Tianchen Chemical Co.Ltd., Arkema SA
Asia-Pacific was the largest region in the Chlorinated polyvinyl chloride market in 2024. The regions covered in the chlorinated polyvinyl chloride (cpvc) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the chlorinated polyvinyl chloride (cpvc) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The chlorinated polyvinyl chloride (CPVC) market consists of the sale of resin, industrial sheets, coatings, pipes, and adhesives. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Chlorinated Polyvinyl Chloride (CPVC) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on chlorinated polyvinyl chloride (cpvc) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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 historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.