Chlorinated Polyvinyl Chloride (CPVC) Market Size, Share Report, Analysis, Trends, Growth, 2030

Chlorinated Polyvinyl Chloride (CPVC) Market

Chlorinated Polyvinyl Chloride (CPVC) Market By End-User Industry (Industrial Pipes & Fittings, Hot Water Pipes & Fittings, Underground Pipes for Housing Power Cables, Fire Sprinkler Pipes & Fittings, and Others), By Type (CPVC Resin and CPVC Compound), By Grade (Adhesive Grade, Extrusion Grade, and Sheathing Grade), By Price (Specialty Pipes and Standard Pipes), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Chemical & Materials Report Format : PDF Pages: 228 Report Code: ZMR-7620 Published Date: Sep-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 5.35 Billion USD 9.21 Billion 7.04% 2022

Chlorinated Polyvinyl Chloride (CPVC) Market

Chlorinated Polyvinyl Chloride (CPVC) Industry Prospective:

The global chlorinated polyvinyl chloride (CPVC) market size was worth around USD 5.35 billion in 2022 and is predicted to grow to around USD 9.21 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.04% between 2023 and 2030.

Global Chlorinated Polyvinyl Chloride (CPVC) Market SizeRequest Free Sample

Chlorinated Polyvinyl Chloride (CPVC) Market: Overview

Chlorinated polyvinyl chloride (CPVC) is produced by chlorination of polyvinyl chloride (PVC) resin. It is a thermoplastic. PVC, on the other hand, is a brittle, white solid and is used extensively in transport, building, packaging, healthcare, and electronics or electrical applications. CPVC is more flexible than polyvinyl chloride. It can also withstand extreme weather conditions such as higher temperatures. The main application of chlorinated polyvinyl chloride consists of structures that deliver hot and cold water as well as in handling industrial liquid at varying temperatures. The production process of CPVC involves chlorination of PVC through a free radical chlorination reaction. The amount of chlorine introduced in the reaction depends on the production procedure where in some cases the base is as low as 56.7% and may go as high as 74% by mass. However, the reaction consists of other additives to allow the base materials to become more receptive during the reaction process. The additives used include impact modifiers, stabilizers, lubricants, and pigments. The industry for CPVC is growing at a steady rate and a similar trend is expected in the coming years.

Key Insights:

  • As per the analysis shared by our research analyst, the global chlorinated polyvinyl chloride (CPVC) market is estimated to grow annually at a CAGR of around 7.04% over the forecast period (2023-2030)
  • In terms of revenue, the global chlorinated polyvinyl chloride (CPVC) market size was valued at around USD 5.35 billion in 2022 and is projected to reach USD 9.21 billion, by 2030.
  • The chlorinated polyvinyl chloride market is projected to grow at a significant rate due to the increasing application in the construction & business sector
  • Based on end-user industry segmentation, hot water pipes & fittings were predicted to show maximum market share in the year 2022
  • Based on grade segmentation, extrusion grade was the leading segment in 2022
  • On the basis of region, Asia-Pacific was the leading revenue generator in 2022

Chlorinated Polyvinyl Chloride (CPVC) Market: Growth Drivers

Increasing application in the construction & business sector to drive market growth

The global chlorinated polyvinyl chloride (CPVC) market is projected to grow owing to the increasing application of the highly versatile thermoplastic in the growing construction and business industry. CPVC is one of the most common materials used for the construction of water delivery systems since it can continue to function exceptionally well even at extremely high temperatures. This attribute makes it ideal to use in constructing pipelines that deliver hot water to residential, commercial, and industrial units. Research indicates that it can handle temperatures up to 200°F if the supply is continuous. For shorter-duration applications, the temperature can be increased further but over-exposure is not recommended.

In addition to this, CPVC is a highly versatile material. It is also used for manufacturing and installing roofing, flooring, window profiles, and insulation units. With the world population growing at a steady rate, the demand for residential units is on the rise. Additionally, the construction industry is filled with infrastructure development projects that include massive commercial units. In June 2023, the Indian state of Gujarat became home to the world’s largest office with the construction of Surat Diamond Bourse, a trade center of precious gemstones. The office is built on a 7.1 million square foot area and caters to the needs of over 65000 diamond professionals.

Changing environmental conditions to drive consumption of CPVC

CPVC is a highly durable material. It can withstand extreme weather conditions. As the environment becomes more aggressive as an impact of global warming and climate change, end-user verticals are actively seeking materials that showcase longevity in the face of extreme weather and environmental conditions. This is expected to help the chlorinated polyvinyl chloride (CPVC) industry become more popular in the coming years.

Chlorinated Polyvinyl Chloride (CPVC) Market: Restraints

Concerns over the environmental impact of CPVC production to restrict market growth

The global chlorinated polyvinyl chloride market growth may be restricted owing to the rising concerns over the environmental impact of CPVC production and disposal. Additionally, the key ingredient PVC used for producing CPVC is also known to cause severe damage to the environment. Chlorine, which plays a crucial role during the process of chlorination of PVC is known to generate toxic byproducts. PVC is inherently made of toxic chemical additives including cadmium, lead, phthalates, and organotins. These chemicals can pose serious health risks, especially in children. The complex composition of CPVC makes it difficult to recycle. All of these factors work against the adoption of CPVC unless manufacturers can develop a more efficient disposal process for chlorinated PVC while curbing the production of toxic compounds as byproducts.

Chlorinated Polyvinyl Chloride (CPVC) Market: Opportunities

Increasing investment in new CPVC production facilities to create growth opportunities

The chlorinated polyvinyl chloride industry size is projected to benefit from the growing investments toward the development of new and efficient production sites. This includes strategic partnerships and alliances between international suppliers of CPVC. In March 2023, FIRST PLASTICS, a Moroccan company built the strongest CPVC pipe as announced by the Guinness World Records. In March 2019, the Lubrizol Corporation, the world’s leading manufacturer and investor in the CPVC market, announced joining hands with Ashirvad Pipes. The latter has been a pioneer in providing novel solutions across fields including agriculture, fire protection, high-rise, and plumbing sectors. The companies jointly launched BlazeMaster® CPVC Fire Protection Systems’, fittings, and BlazeMaster® pipes that are specially formulated for Fire Protection Systems. Other factors that could promote the CPVC demand include its compliance with almost all international standards regulating the end-user application of the material along with the increasing rate of technological innovation in the market.

Chlorinated Polyvinyl Chloride (CPVC) Market: Challenges

Constant raw material price fluctuations to challenge market growth

The CPVC industry growth trend is likely to be challenged by the high volatility of raw material prices. The production of chlorinated polyvinyl chloride depends on the supply of raw materials. However, the supply chain is highly sensitive to external factors such as the geopolitical situation and economic standing of the trading countries. Since these factors are changing rapidly in modern times, especially due to the formation of new alliances as more countries focus on developing nations, the changing rate of supply of raw materials can impact CPVC production.

Chlorinated Polyvinyl Chloride (CPVC) Market: Segmentation

The global chlorinated polyvinyl chloride (CPVC) market is segmented based on end-user, type, application, price, and region.

Based on end-user, the global market segments are industrial pipes & fittings, hot water pipes & fittings, underground pipes for housing power cables, fire sprinkler pipes & fittings, and others. In 2022, the highest growth was observed in the hot water pipes & fittings segment. It controlled over 50.1% of the total market share driven by the large-scale investments in the construction sector for residential and commercial buildings. Water supply is one of the primary needs of any housing unit and CPVC is the preferred material due to its ability to withstand higher temperatures. The growing need for residential space in emerging economies could trigger higher growth during the forecast period.

Based on type, the chlorinated polyvinyl chloride industry is divided into CPVC resin and CPVC compound.

Based on grade, the global market is segmented into adhesive grade, extrusion grade, and sheathing grade. The leading segment in 2022 was extrusion grade which deals with CPVC used for pipe and fitting. It held dominance over 84.5% of the total segmental revenue. Increased investments in new production sites as well as the expansion of existing facilities along with growing international collaborations, and surging demand for high-performance pipes and fittings in modern homes are the essential driving forces.

Based on price, the global chlorinated polyvinyl chloride market is divided into specialty pipes and standard pipes.

Chlorinated Polyvinyl Chloride (CPVC) Market: Report Scope

Report Attributes Report Details
Report Name Chlorinated Polyvinyl Chloride (CPVC) Market
Market Size in 2022 USD 5.35 Billion
Market Forecast in 2030 USD 9.21 Billion
Growth Rate CAGR of 7.04%
Number of Pages 228
Key Companies Covered Sekisui Chemical Co. Ltd., Lubrizol Corporation, Finolex Industries Limited, Kaneka Corporation, Charlotte Pipe and Foundry, Kem One, IPEX Inc., Ashirvad Pipes, Jain Irrigation Systems Ltd., Astral Pipes Limited, NIBCO Inc., Georg Fischer Piping Systems, Tyco Fire Products LP, Viking Group Inc., Prince Pipes and Fittings Ltd., and others.
Segments Covered By End-User Industry, By Type, By Grade, By Price, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Chlorinated Polyvinyl Chloride (CPVC) Market: Regional Analysis

Asia-Pacific to dominate with the highest CAGR during the assessment period

The global chlorinated polyvinyl chloride (CPVC) market will be led by Asia-Pacific during the forecast period as in 2022, it controlled around 60.2% of the global market revenue. The primary reason for higher regional growth is the presence of a robust CPVC manufacturing ecosystem in countries such as India and China. The former is home to some of the largest manufacturers of CPVC and products derived from it including pipe and fitting solutions from several end-user verticals. India is spending heavily in promoting further production of the crucial material.

In August 2023, Epigral Ltd., an integrated chemical manufacturer based in India, announced its entry into the chlorinated polyvinyl chloride compounds segment. The company has commissioned the construction of a production facility with a capacity of 35000 tonnes per annum (TPA) and the site is expected to be functional by the fourth quarter of fiscal year 2024. In July 2022, the company was manufacturing 30000 TPA of CPVC resin. On the other hand, Ashirvad Pipes is the world’s largest seller of CPVC pipes and fittings working at a capacity of 2,00,000 million tonnes per annum.

Chlorinated Polyvinyl Chloride (CPVC) Market: Competitive Analysis

The global chlorinated polyvinyl chloride (CPVC) market is led by players like:

  • Sekisui Chemical Co. Ltd.
  • Lubrizol Corporation
  • Finolex Industries Limited
  • Kaneka Corporation
  • Charlotte Pipe and Foundry
  • Kem One
  • IPEX Inc.
  • Ashirvad Pipes
  • Jain Irrigation Systems Ltd.
  • Astral Pipes Limited
  • NIBCO Inc.
  • Georg Fischer Piping Systems
  • Tyco Fire Products LP
  • Viking Group Inc.
  • Prince Pipes and Fittings Ltd.

The global chlorinated polyvinyl chloride (CPVC) market is segmented as follows:

By End-User Industry

  • Industrial Pipes & Fittings
  • Hot Water Pipes & Fittings
  • Underground Pipes for Housing Power Cables
  • Fire Sprinkler Pipes & Fittings
  • Others

By Type

  • CPVC Resin
  • CPVC Compound

By Grade

  • Adhesive Grade
  • Extrusion Grade
  • Sheathing Grade

By Price

  • Specialty Pipes
  • Standard Pipes

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Chlorinated polyvinyl chloride (CPVC) is produced by chlorination of polyvinyl chloride (PVC) resin. It is a thermoplastic.

The global chlorinated polyvinyl chloride (CPVC) market is projected to grow owing to the increasing application of the highly versatile thermoplastic in the growing construction and business industry.

According to study, the global chlorinated polyvinyl chloride (CPVC) market size was worth around USD 5.35 billion in 2022 and is predicted to grow to around USD 9.21 billion by 2030.

The CAGR value of the chlorinated polyvinyl chloride (CPVC) market is expected to be around 7.04% during 2023-2030.

The global chlorinated polyvinyl chloride (CPVC) market will be led by Asia-Pacific during the forecast period as in 2022, it controlled around 60.2% of the global market revenue.

The global chlorinated polyvinyl chloride (CPVC) market is led by players like Sekisui Chemical Co., Ltd., Lubrizol Corporation, Finolex Industries Limited, Kaneka Corporation, Charlotte Pipe and Foundry, Kem One, IPEX Inc., Ashirvad Pipes, Jain Irrigation Systems Ltd., Astral Pipes Limited, NIBCO Inc., Georg Fischer Piping Systems, Tyco Fire Products LP, Viking Group Inc., and Prince Pipes and Fittings Ltd.

The report explores crucial aspects of the chlorinated polyvinyl chloride (CPVC) market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed