Chlorinated Polyvinyl Chloride (CPVC) Market Size, Share, Analysis Report and Forecast, 2035

NEW CITY, N.Y. - April 25, 2022 - PRLog -- According to ChemAnalyst report, "Chlorinated Polyvinyl Chloride (CPVC) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035", The Chlorinated Polyvinyl Chloride (CPVC) market witnessed significant growth by reaching 3.2 million tonnes in 2020 and is expected to achieve an impressive CAGR of 5.83% in the span of the next ten years. Continuously growing demand for CPVC resins for the production of pipes for housing power cables, films/sheeting, filters, equipment, adhesives, and others is expected to boost the CPVC market in the upcoming years.  The rising demand for affordable, durable, and effective CPVC pipes and fittings from the downstream construction sector is likely to drive the CPVC market in the forecast period.

Chlorinated Polyvinyl Chloride, also referred to as CPVC, is a thermoplastic produced from a chlorination reaction of Polyvinyl Chloride (PVC) resin. The Chlorine is responsible for the higher temperature performance and enhanced fire resistance of CPVC. Polyvinyl Chloride and Chlorine react through a free radical mechanism via different approaches using thermal and/or UV energy. Chlorinated Polyvinyl Chloride shares excellent resistance to degradation and provides a lifelong service. CPVC possesses versatile properties such as high chemical, temperature, and pressure resistance, which makes it a good product to utilize in a wide range of industrial and commercial applications. It is demonstrably inert to salts, acids, bases, and aliphatic hydrocarbons, which commonly eat away all metals. The growing demand for inexpensive and durable CPVC pipes and fittings is augmenting the chlorinated PVC industry worldwide. The increasing construction activities in several regions is driving the demand for chlorinated PVC pipes and fittings, further propelling its market around the world. Chlorinated PVC resin is infused with additives that enhance its properties while easing its processability.

The CPVC Market is segmented on the basis of grade, end-use, sales channel, and region. Based on grades, the market is divided into Pipe Grade, Fitting Grade, Sheeting Grade, and Adhesive Grade.

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Some of the major players operating in CPVC market include Lubrizol corporation, BASF SE, Shandong Xiangsheng, Supreme Industries Limited, Finolex Industries Limited, Sekisui Chemical, Novista group, KEM one, New Materials Technology, Kaneka Corporation, Hangzhou Electrochemical Group Co. ltd., Jiangsu Tianteng Chemical Industry, and others. Lubrizol Advanced Materials company merged with Grasim Industries Ltd. to set up the largest CPVC resin plant in India for manufacturing and supplying the resins to match the peaking demand for pipes and fittings across the country.