The Global Chlorinated Polyvinylchloride CPVC Market size is projected to grow at a CAGR of 3.6% during the forecast period from 2021-2028. The growth in the market can be attributed to increasing demand for CPVC pipes and fittings across major end-users such as the residential construction industry and chemical plants owing to its high heat resistance properties.
Polyvinylchloride is a polymer that has chlorine atoms added to its structure, making it chlorinated polyvinylchloride (CPVC). Chlorination of the PVC molecule changes some properties and makes CPVC more resistant than regular polyvinylchloride. This type of plastic can be used in colder temperature ranges - down to about 20 degrees Fahrenheit (-12 Celsius), depending on the specific formulation and end-use application. The process for creating this material involves mixing vinyl chloride with phosgene gas or dichloromethane followed by thermal treatment at temperatures around 300 °C which results in an intermediate product called monochlormethylene diphosphates. Vinylidene chloride can also be used as a feedstock.
On the basis of Type, the global Chlorinated Polyvinylchloride CPVC market is segmented into Injection Grade, Extrusion Grade.
Injection Grade Chlorinated Polyvinylchloride CPVC is a high-performance plastic that's used in piping, pipe fittings, and other applications. As the name suggests, this is a type of CPVC with an intended application in injection molding. Injection grade chlorinated polyvinylchloride CPVC can be used for pipes and pipe fittings because it has high strength, excellent toughness, and resistance to a chemical attack that make it ideal for use in outdoor environments.
Extrusion Grade CPVC is a chlorinated PVC material with high tensile strength, rigidity, and hardness. It has good chemical resistance to most common acids, alkalis, and salts. Extrusion Grade CPVC can be used in annealing applications such as electrical insulation of power cable casings or for the production of insulating devices for transformers and capacitors. Its excellent physical properties make it the preferred pipe grade when designing water supply systems that are exposed to aggressive environments or severe weather conditions (such as coastal regions).
On the basis of Application, the global Chlorinated Polyvinylchloride CPVC market is segmented into Pipe, Pipe Fittings, Coatings and Adhesives, Power Cable Casing, and Others.
Chlorinated Polyvinylchloride CPVC is a thermoplastic material that has excellent resistance to corrosion, heat, and chemicals. It resists most acids with the exception of hydrofluoric acid, alkalies, oxidizing agents, and some nonoxidizing caustic concentrates. This property makes it an ideal material for use in water/wastewater pipes systems as well as industrial piping applications such as chemical processing plants or oil refineries where the temperature may reach hundreds of degrees Fahrenheit.
The Chlorinated Polyvinylchloride CPVC is used as a pipe fitting material, which comes in the form of CTS (Compression type) and has an outer diameter ranging from 12 inches to 108 inches. These fittings are typically found at joints where two pipes or tubes intersect with each other. It is also widely used for making taps that deliver water. It has a high resistance to corrosion and hence provides excellent service life. The fittings have good chemical stability, impact strength, resilience against vibration, and are resistant to heat as well.
When used in coatings applications, this product exhibits properties that allow them to provide both flexibility and abrasion resistance against wear & tear from adverse conditions like moisture. It can also be used to extend the life of other water-resistant coatings by protecting them against environmental factors such as ultraviolet light and oxygen in the air. The Chlorinated Polyvinylchloride CPVC is a thermoplastic, meaning that it can be heated and molded into desired shapes. This property makes the material an excellent choice as adhesives for bonding different materials together such as wood to metal or glass to steel.
One of the most common applications for this product is in power cable casings. The high degree of protection it provides against heat and moisture make Chlorinated Polyvinylchloride CPVC an ideal material to use when handling cables that are constantly exposed to either hot or wet conditions such as oil refineries, chemical processing plants, and other industrial facilities where the temperature may reach hundreds of degrees Fahrenheit.
On the basis of Region, the global Chlorinated Polyvinylchloride CPVC market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region accounted for a significant share in 2017 and will continue to do so during the forecast period owing to favorable growth prospects driven by increasing demand from Canada. The U.S., Mexico are also two major countries contributing more towards this market in the North American region. In addition, it offers higher economic strength and technological enhancement which has led to its large consumption rate for chloroprene rubber products such as chlorinated polyvinyl chloride (CPVC). Increasing prices of raw materials including crude oil threatens expansion plans due to high inflation rates. Europe accounted for more than 45% share in 2017 due to its high adoption rate among customers across various applications such as pipe fittings, coatings & adhesives, and power cable casings. However, the Asia Pacific region will account for the highest growth during the forecast period mainly owing to the presence of major manufacturers operating in this region with an increased focus on developing economies like India which offers better prospects.
Growth can be attributed to the increasing demand for efficient and sustainable construction materials. CPVC is a material with low levels of volatile organic compounds (VOCs) that emit no harmful gases when heated, making it a popular choice in energy-efficient homes. In addition, its durability makes it an ideal building material. In recent years many countries have experienced rapid economic growth and high rates of urbanization which has led to higher construction activity in these markets as well as increased demand for home improvement products such as cement, steel pipes, glass windows, or tiles made from various composites including PVC plastics. These developments are expected to result in favorable market conditions through 2028 due to the rising per capita disposable income level globally and steady GDP growth projected by several economists across different economies.
Up Market Research published a new report titled “Chlorinated Polyvinylchloride CPVC Sales Market research report which is segmented by Types (Injection Grade, Extrusion Grade), By Applications (Pipe, Pipe Fittings, Coatings and Adhesives, Power Cable Casing, Others), By Players/Companies Lubrizol, Arkema, Kaneka Chemical, Sekisui Chemical, Gaoxin Chemical, Xiangsheng Plastic, Shanghai Chlor-Alkali Chemical”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Chlorinated Polyvinylchloride CPVC Sales Market Research Report|
|By Type||Injection Grade, Extrusion Grade|
|By Application||Pipe, Pipe Fittings, Coatings and Adhesives, Power Cable Casing, Others|
|By Companies||Lubrizol, Arkema, Kaneka Chemical, Sekisui Chemical, Gaoxin Chemical, Xiangsheng Plastic, Shanghai Chlor-Alkali Chemical|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||230|
|Number of Tables & Figures||161|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Injection Grade, Extrusion Grade and By Application Pipe, Pipe Fittings, Coatings and Adhesives, Power Cable Casing, Others.
Some of the companies that are profiled in this report are:
Chlorinated Polyvinylchloride CPVC Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chlorinated Polyvinylchloride CPVC Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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