Chlorinated Polyvinyl Chloride (CPVC) Market Size - By Production Process, Application Analysis, Share, Growth Forecast, 2025-2034

Chlorinated Polyvinyl Chloride Market Size

The global chlorinated polyvinyl chloride market was valued at USD 2.2 billion in 2024 and is estimated to grow at a CAGR of over 11.8% from 2025 to 2034.
 

Chlorinated polyvinyl chloride (CPVC) is a versatile thermoplastic resin which comes into use in the plumbing and piping system due to its remarkable resistance towards heat, chemicals and pressure making it fit for use alongside cold and hot water pipes, industrial piping and fire sprinkler systems. Also, CPVC has been incorporated in the fittings, adhesives and coats as well as in insulation and cable sheathing. This can be largely attributed to the fact that CPVC stands as beneficial towards the construction, automotive and electrical industries.

Chlorinated Polyvinyl Chloride Market Trends

Over the last few years, CPVC garnered significant appeal within the plumbing and construction sectors, and has slowly been making its way into the automotive and electrical industries. This increase in demand has enabled the market to flourish, which, in turn, allows greater investments in research and development. CPVC blends are known for their exceptional temperature and corrosion resistance while also remaining chemically inert; these features make them an ideal candidate for heat resistant better piping, as well as fire sprinklers and pump systems targeting industrial fluids. It is important to note that the CPVC market does face some challenges, such as plastic waste and high production costs that may hinder its expansion
 

Chlorinated Polyvinyl Chloride Market Analysis

Asia Pacific region, owing to rise in infrastructure and urban areas, is leading the surge in CPVC demand. This material is quite durable and corrosion resistant. It is ideal for piping systems used in hot water and fire protection systems. This explains why CPVC is quickly becoming the go-to choice for construction and plumbing. Its resilience and durability match the demands of the growing construction industry.
 

Furthermore, the industrial sector is witnessing a rise in the use of CPVC, as it is resistant and strong enough which is a perfect fit for fluid handling, chemical processing and wastewater treatment. The rise in CPVC use can also be attributed to an increase in demand for sustainable options in construction, manufacturing and a host of other industries. There are several untapped opportunities on the horizon in the form of increased use of CPVC in non-residential buildings, green construction initiatives and energy-efficient buildings. The recent evolution in techniques to manufacture CPVC, along with improvement of material seems likely to further broaden the scope of CPVC usage.
 

The segment of the aqueous suspension method had an excess of USD 1.5 billion in sales in 2024, and it is projected to grow at annual growth rate of 12% from 2025 to 2034. There has been a surge in the widespread use of the aqueous suspension technique for the manufacture of chlorinated polyvinyl chlorides. This method entails mixing polyvinyl chloride (PVC) resin with water, stabilizers and initiators to form a homogenous mixture which gets sprayed on expanding polymer beads to form microspheres.

Due to the overall effectiveness of the method and the result of CPVC, this process is highly sought after. The extreme level of chlorination produced is tailor-made for the final product to suit the requirements. CPVC products possess superior heat resistance properties, impact strength and good chemical stability which makes them suitable for plumbing pipes, electrical insulation and auto components. At the same time, the aqueous suspension method benefits from the ability to fine tune molecular weight as well as resin morphology, achieving the desired properties for a material and thus improving overall performance and potential of chlorinated polyvinyl chloride market growth.
 

The pipe & fittings segment leads the sector and achieved around USD 1.1 billion in revenue in 2024, and projected to expand at a CAGR of 12.4% between 2025 and 2034. CPVC is a distributed-thermoplastic that has enhanced corrosion resistance as well as high-temperature stability which favors its use for water distribution systems, particularly in hot and cold-water pipes. Due to the combination of value for price and CPVC's robustness to corrosive elements, it has gained substantial popularity in building construction. The scaling and microbial growth inhibiting characteristics of the material increases its durability and dependability for plumbing tasks, reinforcing its competitive advantage. Additionally, the continuing expansion of CPVC infrastructure combined with customer demand for tailored solutions means the need for CPVC pipes and fittings remains strong in many regions.
 

In 2024, China chlorinated polyvinyl chloride market was over USD 500.4 million in sales. It is expected to have a compound annual growth rate of 12.8% over the next few years. The country is well known for being a leader in the global CPVC market. China is also a leader in CPVC resin, where its development in the petrochemical sector allows the country to meet and satisfy domestic and international demand. China plays a strong role in the construction, plumbing, and electrical industries where CPVC is widely used. With the increasing market for eco-friendly materials and the government policies that are in place, China is likely to advance further. 
 

Chlorinated Polyvinyl Chloride Market Share

BASF SE, Avient Corporation, KEM ONE, electric hangzhou group, Jiangsu Tianteng Chemical Industry and Kaneka Corporation are key players of the industry and are thought to diversify the market with their strong key performance indicators. CPVC solution is an innovation of one of their companies, Avient Corporation, in charge of performance materials and small but strategically located specialty compounds of CPVC. Significant manufacturing resources bolster BASF's extensive research capabilities resulting in development of quality CPVC resins. The hangzhou Electrochemical group also develops CPVC but with a focus on China, they tend to develop a polyvinyl product with low cost for the industry. Jiangsu Tianteng Chemical Industry is a manufacturer of CPVC, specializing further in the Chinese Market where they are able to offer competitive market prices.
 

Japan’s Kaneka Corporation markets CPVC products and believes that environmental quality is of utmost importance. KEM ONE has a compelling and efficient business model, that is guaranteed to be sustained by the European demand for CPVC. The combination of such companies creates the competitive situation with their diversified approaches.
 

Chlorinated Polyvinyl Chloride Market Companies

Major players operating in the chlorinated polyvinyl chloride industry are:

• Avient Corporation
• BASF SE
• Hangzhou Electrochemical Group
• Jiangsu Tianteng Chemical Industry
• Kaneka Corporation
• KEM ONE
• Lubrizol Corporation
• Novista Group
• Sekisui Chemical
• Shandong Xiangsheng New Materials Technology
   

Chlorinated Polyvinyl Chloride Industry News

• In June 2023, Grasim Industries, primary business entity under The Aditya Birla Group umbrella, revealed that they will be starting the set up operations to manufacture  one lakh CPVC resin facility in Vilayat, Gujarat by the end of 2023.
   
• On January 2023, Meghmani Finechem Ltd (MFL), a specialty chemicals firm, announced that in TP 2022/23, it would increase its capacity production by more than 50% to 60,000 tons of chillers. By the end of 2023, the manufacture of an additional 45,000 tons were expected.
   

This chlorinated polyvinyl chloride market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

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Market, By Production Process

• Solvent method
• Solid phase method
• Aqueous suspension method

Market, By Application

• Pipe & fittings
• Fire sprinkler
• Power cable housing
• Adhesives & coatings
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa