Global Chlorinated Polyvinyl Chloride (CPVC) Market Size, Trends & Growth Opportunity, By Production Process (Solvent Method, Solid-phase Method, and Aqueous Suspension Method), By Grade (Injection grade, and Extrusion grade), By Application, By Region and Forecast till 2030

Chlorinated Polyvinyl Chloride (CPVC) Market

Global Chlorinated Polyvinyl Chloride Market (CPVC) was valued at US$ 3.03 Bn in 2020, estimated to reach US$ 6.50 Bn in 2030 with a CAGR of 10.01% from 2021-2030.

The Chlorinated Polyvinyl Chloride is defined as an advanced engineering thermoplastic produced by chlorination of PVC resin. Chlorine is added to polyvinyl chloride to produce CPVC by using the fluidized bed or water slurry chlorination process.

Market Drivers: Growing safety concerns and increasing in the use of fire-sprinklers will boost the market growth

A fire sprinkler system consists of a water supply & distribution piping system installed on walls or ceilings. It gets activated once the sprinkler head reaches the activation temperature in case of a fire breakout & sprays high-pressure water over the flames to extinguish them. In recent years, these systems have gained popularity across the transportation, residential, and healthcare sectors. Various insurance firms are also offering incentives for installing these systems which has led to an increase in their sales across the globe. CPVC is considered as amongst one of the significant components in manufacturing of fire sprinklers. CPVC uses a custom solvent cement to join fire sprinklers and its fittings, which can be completed on-site with common, economical tools by any installer having basic training.  The use of fire-sprinklers has become an essential part of any processing or manufacturing industry such as oil & gas, pharmaceuticals, construction and among others, this has enabled the growth of use of CPVC in the manufacturing of fire-sprinklers.

Government and concerned regulatory bodies have also encouraged the use of fire-sprinklers in the manufacturing sites from the point of view of safety concerns. Increasing industrial hazards around the manufacturing sites have encouraged the support of fire-sprinklers. For instance, the National Building Code of India has mandated the installation of automatic sprinkler systems, fire extinguishers and water sprays. Similarly, the NFPA “Building Construction and Safety Code” in the US includes a requirement for home fire sprinklers in one- and two-family dwellings. These factors have boost the growth of market of CPVC market globally.

Market Challenges: High repairing cost

Safety regulations and consequent costs are a major concern for the CPVC resin industry. Many of its raw materials as well as by-products are potentially hazardous at some stage during their manufacture & transport. These chemicals may be liquids or gases; corrosive and/or toxic especially chemicals like   dioxin, hydrochloric acid, and vinyl chloride poses a severe health risks to humans during the CPVC life cycle. Manufacturing processes frequently involve high temperatures, high pressures, and reactions which can be dangerous unless carefully controlled. They also have restraints on the conditions under which particular chemicals can be transported. These regulations have led to higher costs and production limitations in the industry.

Market Opportunities: Increasing demand of CPVC in manufacture of power cable cases and tubes is likely to exhibit growth prospects

CPVC can be made into High-voltage electrical power cable conduit due to its excellent heat resistance and insulation characteristic. CPVC pipe has only 1/200 thermal conductivity of that of steel pipe and possesses small friction coefficient, which makes it good at thermal insulation and improving oil flow efficiency when gathering and transferring crude oil. These properties of CPVC are utilized in the manufacturing of various strong and non-corrosive materials which require strong thermal and mechanical resistance properties. CPVC is used widely in the manufacturing of power cable cases and tubes, which in turn are always in demand in various end use industries such as

CPVC Market, By Production Process

The production process in the manufacture of CPVC is segmented into Solvent Method, Solid-phase Method, and Aqueous Suspension Method. The solvent method segment is projected to be the fastest growing segment in the chlorinated polyvinyl chloride market during the forecast period. This is mainly due to its several advantageous factors, such as it is considered as the easiest and fastest method for joining pipes. After its application on to the product, it offers extremely high-strength to the end-product. Owing to these factors, the demand for solvent method is increasing in chlorinated polyvinyl chloride market. Solvent Method was valued at US$ 1.23 Bn in 2020 and it is expected to reach at US$ 2.66 Bn by 2027, growing at a CAGR of 10.15% over the forecast period

CPVC Market, By Grade Type

Injection Grade and Extrusion grade are the two types of grades of CPVC product manufacturing. Injection grade is predominantly used owing to its several advantages over the extrusion method. The extrusion technique extrudes, or forces out, materials through a die to create shapes using constant cross sections like window sections, drinking straws, pipes, and seals. This method is used to form 2D shapes. This method requires continuous high temperature in maintaining the machine temperature for the extrusion process. Injection grade involves a process where, the plastic resin is put into the hopper, which then releases the plastic pellets from the feed section into the compression section, where the frictional heat is created. The plastic is pushed through an expanded compartment using a reciprocal screw. The melted fluid-like plastic, known as melt, is forced via the nozzle into a closed, cooled/hot mold. The melt can be easily molded into the desired shape and size of the mold. Injection grade was valued at US$1.82 Bn in 2020 and is anticipated to reach US$ 3.93 by 2027.

CPVC Market, By Application Type

Based on application, the market is segmented into Pipes & Fittings, Fire Sprinkler Systems, Power Cable Casing, Adhesives & Coating and Wastewater Treatment. Based on the application fire-sprinkler segment dominated the market in 2020. It was valued at US$0.86 Bn in 2020 and is expected to reach US$1.83 Bn by 2027. The growth in the safety concerns in the manufacturing companies such as pharmaceuticals and other manufacturing industries is driving the growth of fire-sprinklers which in turn is boosting the CPVC market. CPVC is a major component of fire-sprinkler manufacturing.

CPVC Market, By Region

North America region is expected to account for the largest share of the market in 2027. North America is likely to dominate the global chlorinated polyvinyl chloride market owing to it’s the growing market value.  In addition to this, the growing demand in the pipes & fittings and fire-sprinkler industries for CPVC is another factor positively contributing on the growth of this market in the Asia Pacific region. Furthermore, the Asia Pacific market is further followed by Latin America and CPVC market during the analysis timeframe. 

Competitive Landscape:

• The global CPVC market is moderately fragmented due to the presence of two group of firms one having number of international players across the globe, whereas the other group is made of regional players competing their respective international players. Due to the fragmented nature of the market, the competition among the global players is moderate.

• The global Chlorinated Polyvinyl Chloride (CPVC) market is analyzed based on parameters such as: Mergers and Acquisition, New Product Launch, Collaboration, Product Approval, New Facility Development, Partnership

Key Players:

Various key operating players are listed in this report such as BASF AG, Weifang Kingdom Plastic, Sundow Polymers, Shandong Tianchen Chemical Co., Ltd., PolyOne Corporation, Kaneka Corporation, SEKISUI CHEMICAL CO., LTD., Kem One SAS, Lubrizol Advanced Materials Inc., and Panjin Changrui Chemical Industry Co., Ltd.

Recent Developments:

In July 2020: PolyOne Corporation expanded its business through acquisition. In July 2020, The PolyOne had completed acquisition of the color master batch businesses of Clariant. Also, the company had changed its name to Avient. The Clariant Master Batch business comprises around 46 manufacturing operations & technology centers in 29 countries and around 3,500 employees.

In December 2019: Panjin Changrui Chemical Industry Co., Ltd had launched three application systems of chlorinated polyethylene such as Chlorinated Polyethylene reinforced filling system, Chlorinated polyethylene plasticizing system, and Chlorinated polyethylene stable protection system. Chlorinated Polyethylene reinforced filling system is a non-self-reinforcing rubber and its reinforcing filling system is similar to general rubber.  Also, the Chlorinated polyethylene plasticizing system comprises Ester plasticizers and aromatic hydrocarbon plasticizers which are the most commonly used plasticizers for CPE, such as dioctyl terephthalate (DOTP), dioctyl adipate (DOA), and trioctyl trimellitate , Aromatic oil, etc. Further, Chlorinated polyethylene stable protection system is a non-peroxide vulcanization system.

Market Taxonomy

By Production Process

• Solvent Method
• Solid-Phase Method
• Aqueous Suspension Method

By Grade

• Injection Grade
• Extrusion Grade

By Application

• Pipes & Fittings
• Fire Sprinkler Systems
• Power Cable Casing
• Adhesives & Coatings
• Wastewater Treatment

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Chlorinated Polyvinyl Chloride Market (CPVC)?
• What will be the growth rate from 2019 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?