Press Releases

The global chlorinated polyvinyl chloride (CPVC) market was USD 1.44 billion in 2022 and is expected reach USD 2.49 billion by 2030 with a CAGR of 7.1% during the forecast period, i.e., 2023-2030. The Chlorinated Polyvinyl Chloride (CPVC) is a thermoplastic polymer derived from polyvinyl chloride (PVC) through a chlorination process. It exhibits superior heat resistance, corrosion resistance, and flame-retardant properties, making it ideal for applications in hot water pipes, industrial processing, and fire sprinkler systems. The demand for CPVC is driven by its ability to withstand high temperatures and corrosive environments, especially in residential and commercial plumbing systems. However, major challenges for market growth include environmental concerns related to chlorine production, potential health hazards during CPVC production, and competition from alternative materials like cross-linked polyethylene (PEX) in plumbing applications. Regulatory shifts and advancements in alternative materials may also impact the CPVC market in the future.

In June 2023, Lubrizol, a prominent player in the global CPVC market, expanded its CPVC production capacity in India as its subsidiary Lubrizol India started work on a chlorinated polyvinyl chloride (CPVC) resin-manufacturing plant with Grasim Industries. The plant is being set up in Vilayat, Gujarat, with a production capacity of around 1,00,000 metric tonnes. The project was first announced in October 2020; however, the lockdowns and supply chain disruptions caused by the COVID outbreak prevented the project from going ahead.

Browse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "Chlorinated Polyvinyl Chloride (CPVC) Market, by Type (Adhesive Grade, Extrusion Grade, and Sheathing), by End-Use (Industrial Pipes & Fittings, Hot Water Pipes & Fittings, Underground Pipes For Housing Power Cables, Fire Sprinkler Pipes & Fittings, And Others), and by Region (North America, Europe, Asia-Pacific, Rest of the World) - Global Forecast to 2030

By Type, extrusion grade dominates the global CPVC market.

Based on the CPVC resin type, the global CPVC resin market is segmented into adhesive grade, extrusion grade, and sheathing. The extrusion grade segment led the global CPVC resin market in terms of revenue and volume in 2022 due to its wide application in pipes and fittings production. CPVC resins with excellent extrusion properties are preferred for their ease of processing. For instance, in plumbing systems, extruded CPVC pipes offer durability and resistance to high temperatures, driving demand. The segment's prominence signifies the crucial role of extrusion-grade CPVC in meeting the growing needs of industries reliant on reliable piping solutions.

Global Chlorinated Polyvinyl Chloride (CPVC) Market Segmentation Analysis

“The Asia-Pacific is expected to witness largest market share during the forecast period in the global chlorinated polyvinyl chloride (CPVC) market.”

The Asia-Pacific is expected to contribute the largest share in the global CPVC market owing to the rapid urbanization, infrastructural development, and a surge in construction activities. These factors will drive substantial demand for CPVC products in the region.

Some of the major players in the global chlorinated polyvinyl chloride (CPVC) market include Lubrizol (A Subsidiary of Berkshire Hathaway), Charlotte Pipe and Foundry Company, NIBCO Inc., IPEX USA LLC, Harvel Plastics, Inc. (GF Piping Systems), Georg Fischer Harvel LLC, Tyco Fire Products LP (Johnson Controls), Cresline Plastic Pipe Co., Inc., Panjin Changrui Chemical Industry Co., Ltd., Xirong Group, and Shandong Ketian Chemical Co., Ltd.

Scope of the Report

Global Chlorinated Polyvinyl Chloride (CPVC) Market Coverage (By Value and Volume)

Type Insight and Forecast 2018-2030

• Adhesive grade
• Extrusion grade
• Sheathing grade

End-Use Insight and Forecast 2018-2030

• Industrial pipes & fittings
• Hot water pipes & fittings
• Underground pipes for housing power cables
• Fire sprinkler pipes & fittings
• Other end-use

Geographical Segmentation

Global Chlorinated Polyvinyl Chloride (CPVC) Market by Region

• North America

• By Type
• By End-Use
• By Country – U.S., Canada, and Mexico

• Europe

• By Type
• By End-Use
• By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe

• Asia-Pacific (APAC)

• By Type
• By End-Use
• By Country – China, Japan, India, Thailand, and Rest of Asia-Pacific

• Rest of the World

• By Type
• By End-Use
• By Country – Argentina, Brazil, and Rest of ROW