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Global Chlorinated Polyvinyl Chloride Market to reach USD 9.38 billion by the end of 2030.

Global Chlorinated Polyvinyl Chloride Market Size Study & Forecast, by Application (Pipes and Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives and Coatings, Others), by End User Industry (Construction, Chemical, Electrical and Electronics, Healthcare, Agriculture, Others), and Regional Analysis, 2023-2030

Product Code: CMPP-58303865
Publish Date: 20-02-2024
Page: 200

Global Chlorinated Polyvinyl Chloride Market is valued at approximately USD 5.46 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7% during the forecast period 2023-2030. Chlorinated Polyvinyl Chloride (CPVC) is a thermoplastic polymer produced by chlorinating polyvinyl chloride (PVC) resin. This process enhances its chemical and heat resistance, making it suitable for applications requiring durability and protection against corrosive substances. CPVC exhibits improved performance at elevated temperatures compared to standard PVC, making it commonly used in plumbing systems for hot water distribution. Its fire-resistant properties also render it suitable for fire sprinkler systems in buildings. With excellent chemical resistance, mechanical strength, and ease of installation, CPVC finds application in various industries, including chemical processing and other environments where resistance to chemicals and heat is crucial. The Chlorinated Polyvinyl Chloride Market is expanding because of factors such as the resistance to chemicals and high temperatures, expanding industrialization, growing awareness of CPVC Benefits, and stringent regulatory compliance related to fire safety in commercial & residential spaces.

In addition, the construction industry is a major driver, with CPVC being widely used in the manufacturing of pipes, fittings, and other components due to its corrosion resistance and durability. Rapid urbanization and infrastructure development fuel the demand for CPVC pipes and fittings, particularly for hot and cold-water systems. According to the World Bank, in 2020, it was estimated that approximately 55% of the population, which is around 4.2 billion inhabitants lives in urban areas. Also, it is projected that the urban population is expected to constantly increase by 1.5 times and is likely to reach around 6 million by 2045. Consequentially, rapid urbanization and population growth led to the growth of the construction industry, which, in turn, accelerated the demand for chlorinated polyvinyl chloride. The Statista reported that in 2020, it was estimated that in 2020, there were around USD 1.5 trillion spent on construction activities in the United States. Also, the construction expenditure has been rising and it is estimated to have reached USD 1.8 trillion by 2025. Thus, these aforementioned factors are propelling the growth of the Chlorinated Polyvinyl Chloride Market over the estimated period. Moreover, the stringent regulations on traditional materials, as well as the replacement of aging infrastructure present various lucrative opportunities over the forecast years. However, the higher processing temperature of CPVC than conventional PVC and the increase in CPVC waste and microplastic pollution are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Chlorinated Polyvinyl Chloride Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increasing domestic needs of residential, commercial, and industrial sectors, increasing population growth, as well as flourishing growth of the end-use industries. Also, countries in the Asia-Pacific (APAC) region are witnessing a substantial migration of people from rural to urban areas, driving the demand for resilient housing infrastructures. The National Institution for Transforming India (NITI Aayog) highlights that India’s urban population is anticipated to grow by 416 million individuals by 2050, constituting 50% of the nation’s total population. In response to this demographic shift, numerous governments are expediting urbanization initiatives and construction projects across the region. Whereas, North America is expected to grow at the fastest CAGR over the forecast years. The robust growth of the construction industry, as well as the imposition of stringent fire safety regulations, are significantly propelling the market demand across the region.

Major market players included in this report are:
Hangzhou Electrochemical Group Co., Ltd.
Shriram PolyTech Pvt Ltd
Kaneka Corporation
Shandong Repolyfine Additives Co., Ltd.
Mitsui & Co., Ltd
Via Chemical Co., Ltd.
Shandong Novista Chemicals Co., Ltd
PolyOne Corporation
Shandong Tianchen Chemical Co., Ltd

Recent Developments in the Market:
Ø In June 2023, The Lubrizol Corporation unveiled its plans for a significant investment exceeding USD 150 million in various projects aimed at enhancing its diverse portfolio in India. As part of this initiative, the company is directing its efforts towards establishing the largest CPVC resin production plant in Gujarat, India.
Ø In December 2022, DCW Limited announced the company’s plan to broaden the production of CPVC resin in India by establishing a new manufacturing facility within the country.
Ø In July 2021, Meghmani Finechem Limited increased its CPVC production capabilities by establishing a new plant in Dahej, Gujarat, with an annual production capacity of 30 KT.

Global Chlorinated Polyvinyl Chloride Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, End User Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Pipes and Fittings
Fire Sprinkler Systems
Power Cable Casing
Adhesives and Coatings

By End User Industry:
Electrical and Electronics

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Chlorinated Polyvinyl Chloride Market, by Region, 2020-2030 (USD Billion)
1.2.2. Chlorinated Polyvinyl Chloride Market, by Application, 2020-2030 (USD Billion)
1.2.3. Chlorinated Polyvinyl Chloride Market, by End User Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Chlorinated Polyvinyl Chloride Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Chlorinated Polyvinyl Chloride Market Dynamics
3.1. Chlorinated Polyvinyl Chloride Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing awareness of CPVC benefits Rapid urbanization and growth of the construction industry
3.1.2. Market Challenges High processing temperature of CPVC than conventional PVC Increase in CPVC waste and microplastic pollution
3.1.3. Market Opportunities Stringent regulations on traditional materials Replacement of aging infrastructure
Chapter 4. Global Chlorinated Polyvinyl Chloride Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Chlorinated Polyvinyl Chloride Market, by Application
5.1. Market Snapshot
5.2. Global Chlorinated Polyvinyl Chloride Market by Application, Performance – Potential Analysis
5.3. Global Chlorinated Polyvinyl Chloride Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Chlorinated Polyvinyl Chloride Market, Sub Segment Analysis
5.4.1. Pipes and Fittings
5.4.2. Fire Sprinkler Systems
5.4.3. Power Cable Casing
5.4.4. Adhesives and Coatings
5.4.5. Others
Chapter 6. Global Chlorinated Polyvinyl Chloride Market, by End User Industry
6.1. Market Snapshot
6.2. Global Chlorinated Polyvinyl Chloride Market by End User Industry, Performance – Potential Analysis
6.3. Global Chlorinated Polyvinyl Chloride Market Estimates & Forecasts by End User Industry 2020-2030 (USD Billion)
6.4. Chlorinated Polyvinyl Chloride Market, Sub Segment Analysis
6.4.1. Construction
6.4.2. Chemical
6.4.3. Electrical and Electronics
6.4.4. Healthcare
6.4.5. Agriculture
6.4.6. Others
Chapter 7. Global Chlorinated Polyvinyl Chloride Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Chlorinated Polyvinyl Chloride Market, Regional Market Snapshot
7.4. North America Chlorinated Polyvinyl Chloride Market
7.4.1. U.S. Chlorinated Polyvinyl Chloride Market Application breakdown estimates & forecasts, 2020-2030 End User Industry breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Chlorinated Polyvinyl Chloride Market
7.5. Europe Chlorinated Polyvinyl Chloride Market Snapshot
7.5.1. U.K. Chlorinated Polyvinyl Chloride Market
7.5.2. Germany Chlorinated Polyvinyl Chloride Market
7.5.3. France Chlorinated Polyvinyl Chloride Market
7.5.4. Spain Chlorinated Polyvinyl Chloride Market
7.5.5. Italy Chlorinated Polyvinyl Chloride Market
7.5.6. Rest of Europe Chlorinated Polyvinyl Chloride Market
7.6. Asia-Pacific Chlorinated Polyvinyl Chloride Market Snapshot
7.6.1. China Chlorinated Polyvinyl Chloride Market
7.6.2. India Chlorinated Polyvinyl Chloride Market
7.6.3. Japan Chlorinated Polyvinyl Chloride Market
7.6.4. Australia Chlorinated Polyvinyl Chloride Market
7.6.5. South Korea Chlorinated Polyvinyl Chloride Market
7.6.6. Rest of Asia Pacific Chlorinated Polyvinyl Chloride Market
7.7. Latin America Chlorinated Polyvinyl Chloride Market Snapshot
7.7.1. Brazil Chlorinated Polyvinyl Chloride Market
7.7.2. Mexico Chlorinated Polyvinyl Chloride Market
7.8. Middle East & Africa Chlorinated Polyvinyl Chloride Market
7.8.1. Saudi Arabia Chlorinated Polyvinyl Chloride Market
7.8.2. South Africa Chlorinated Polyvinyl Chloride Market
7.8.3. Rest of Middle East & Africa Chlorinated Polyvinyl Chloride Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Hangzhou Electrochemical Group Co., Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Shriram PolyTech Pvt Ltd
8.3.3. Kaneka Corporation
8.3.4. Shandong Repolyfine Additives Co., Ltd.
8.3.5. Mitsui & Co., Ltd
8.3.6. Via Chemical Co., Ltd.
8.3.7. Shandong Novista Chemicals Co., Ltd.
8.3.8. PolyOne Corporation
8.3.9. Shandong Tianchen Chemical Co., Ltd.
8.3.10. BASF SE
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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