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Chlorinated Polyvinyl Chloride (CPVC) Market Size

Report ID: GMI4155
Published Date: Mar 2023
Report Format: PDF

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Chlorinated Polyvinyl Chloride Market Size

Chlorinated Polyvinyl Chloride Market size valued at USD 1.5 billion in 2022 and is poised to register over 12% CAGR from 2023 to 2032. Increasing number of construction activities worldwide will drive business growth.

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The swiftly expanding construction sector across the globe is expected to foster lucrative demand for CPVC. Hefty investments across developed countries such as the U.S., and Canada for new construction activities, repair of buildings & roads, as well as building maintenance will complement the chlorinated polyvinyl chloride market outlook. In 2022, the construction sector in the U.S. accounted for 10.2% of the nation's GDP while employing over seven million people. Several economies are also ramping up regional and international collaborations to strengthen infrastructure development.

Chlorinated Polyvinyl Chloride (CPVC) Market Report Attributes
Report Attribute	Details
Base Year:	2022
Chlorinated Polyvinyl Chloride (CPVC) Market Size in 2022:	USD 1.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	12%
2032 Value Projection:	USD 5.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	349
Segments covered:	Production Process, Application, and Region
Growth Drivers:	Positive outlook of the construction sector Stringent regulatory compliance related to fire safety in commercial & residential spaces Superior product characteristics
Pitfalls & Challenges:	Availability of product substitutes in the industry

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of chlorinated polyvinyl chloride exceeded USD 1.5 billion in 2022 and is expected to register 12% CAGR from 2023 to 2032.

CPVC market from pipes & fittings is anticipated to exhibit more than 12.5% growth rate between 2023 and 2032 owing to their ability to transport hot fluids and toxic corrosive chemicals.

Asia Pacific market size is estimated to reach over USD 32.5 billion by 2032 due to rapid urbanization and favorable government initiatives.

Lubrizol Corporation, KEM ONE, Novista Group, BASF SE, Sekisui Chemical, Kaneka Corporation, and Avient Corporation are some of the key companies in the chlorinated polyvinyl chloride market.