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Chlorinated Polyvinyl Chloride (CPVC) Market Trends

Report ID: GMI4155
Published Date: Nov 2024
Report Format: PDF

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Chlorinated Polyvinyl Chloride Market Trends

The chlorinated polyvinyl chloride industry is experiencing significant growth due to its increasing demand in the construction, plumbing, and industrial sectors. CPVC is preferred for its superior resistance to high temperatures, chemicals, and corrosion, making it ideal for hot water systems, fire sprinkler pipes, and industrial fluid handling. The market is being driven by the rising construction activities, especially in emerging economies, and the need for durable and low-maintenance piping solutions. Additionally, CPVC is gaining traction in the automotive and electrical industries for insulation applications. However, challenges such as high manufacturing costs and environmental concerns related to plastic waste may impact market expansion. Despite this, the overall demand for CPVC remains robust, fueled by its versatility and performance benefits.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for chlorinated polyvinyl chloride was valued at USD 2.2 billion in 2024 and is estimated to reach USD 6.7 billion by 2034, driven by a CAGR of over 11.8% from 2025 to 2034.

The aqueous suspension method segment held over USD 1.5 billion in 2024 and is anticipated to grow at a 12% CAGR during 2025-2034, driven by its ability to control particle size and distribution effectively.

China held over USD 500.4 million in 2024 and is expected to grow at a 12.8% CAGR, driven by its robust manufacturing capabilities, extensive production infrastructure, and cost-effective labor force.

Major players in the industry include Avient Corporation, BASF SE, Hangzhou Electrochemical Group, Jiangsu Tianteng Chemical Industry, Kaneka Corporation, KEM ONE, Lubrizol Corporation, Novista Group, Sekisui Chemical, and Shandong Xiangsheng New Materials Technology.