Chlorinated Polyvinyl Chloride (CPVC) Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Chlorinated Polyvinyl Chloride (CPVC) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Chlorinated Polyvinyl Chloride (CPVC) Global Market Report 2024, The chlorinated polyvinyl chloride (cpvc) market size has grown strongly in recent years. It will grow from $4.21 billion in 2023 to $4.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. 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 $6.47 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. 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.

An upsurge in the number of building and construction projects is expected to propel the growth of the chlorinated polyvinyl chloride market going forward. Building and construction projects refer to the planned process of constructing, renovating, refurbishing, retrofitting, or modifying a structure or other constructed asset. Chlorinated polyvinyl chloride is primarily used in building and construction projects due to its flexibility, durability, chemical resistance, and ability to handle high temperatures in plumbing systems for residential and commercial buildings. Additionally, it handles industrial liquids as well as hot and cold-water supply pipelines. For instance, in July 2021, according to the Department for Levelling 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. Further, compared to the prior year, building and construction in London significantly increased in 2021, rising by 18 % to 14,530. Therefore, the upsurge in the number of building and construction projects is driving the growth of the chlorinated polyvinyl chloride market.

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The chlorinated polyvinyl chloride (cpvc) market covered in this report is segmented –

1) By Production Process: Solvent Method, Aqueous Suspension Method, Solid Phase Method, Other Production Process
2) By Grade: Injection Grade, Extrusion Grade
3) By Application: Pipes And Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives And Coatings, Other Applications
4) By End User Industry: Construction, Chemical, Electrical And Electronics, Healthcare, Agriculture, Other End User Industries

Technological advancements are a key trend gaining popularity in the chlorinated polyvinyl chloride market. Major companies operating in the chlorinated polyvinyl chloride market are focused on developing technologically advanced solutions to strengthen their position in the market. For instance, in August 2021, Prince Pipes and Fittings Limited (PPFL), an India-based plastic pipe manufacturing company launched Prince OneFit with Corzan, a new innovative CPVC technology, in partnership with Lubrizol, a US-based manufacturer of CPVC compounds. Corzan CPVC technology is a high-performance piping technology that can transport harsh chemicals at high temperatures without corrosion concerns, making it suitable for tough processing applications. It is an economical alternative to metal pipes and is resistant to internal and external corrosion, heat, UV resistance, flame, smoke, pressure, and impact.

The chlorinated polyvinyl chloride (cpvc) market report table of contents includes:

1. Executive Summary
2.Chlorinated Polyvinyl Chloride (CPVC) Market Characteristics
3.Chlorinated Polyvinyl Chloride (CPVC) Market Trends And Strategies
4.Chlorinated Polyvinyl Chloride (CPVC) Macro Economic Scenario
5.Chlorinated Polyvinyl Chloride (CPVC) Market Size And Growth
6.Chlorinated Polyvinyl Chloride (CPVC) Segmentation
7.Chlorinated Polyvinyl Chloride (CPVC) Regional And Country Analysis
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27.Chlorinated Polyvinyl Chloride (CPVC) Competitive Landscape And Company Profiles
28. Chlorinated Polyvinyl Chloride (CPVC) Key Mergers And Acquisitions
29. Chlorinated Polyvinyl Chloride (CPVC) Future Outlook and Potential Analysis