The North America Chlorinated Polyvinyl Chloride Market is projected to witness market growth of 10.6% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 82.52 kilo tonnes, showcasing a growth of 30.1% (2020-2023).
Chlorinated Polyvinyl Chloride (CPVC) is widely used in pipe and fitting applications due to its excellent properties. CPVC pipes are preferred for hot and cold-water systems in residential, commercial, and industrial buildings, as well as in chemical processing plants. Thus, the Canada market is expected to utilize 23.30 kilo tonnes of CPVC in pipe and fitting application by 2031.
The US market dominated the North America Chlorinated Polyvinyl Chloride Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $590 million by 2031. The Canada market is experiencing a CAGR of 13% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.7% during (2024 - 2031).
It is a versatile thermoplastic material that has gained significant traction across various industries due to its exceptional properties, wide-ranging applications, and numerous advantages over traditional materials.
Moreover, CPVC, a modified polyvinyl chloride (PVC), is created by chlorinating PVC resin to improve its flame-retardant, chemical, and thermal resistance. This makes CPVC appropriate for harsh situations and applications where other materials might not function.
CPVC is used in the automotive industry for various applications, including wire coatings, tubing for fluid transfer systems, and interior components. With Mexico emerging as a significant hub for automotive manufacturing, the demand for CPVC for these applications will likely increase. As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer, with an annual production of 3.5 million passenger vehicles. Out of the total number of vehicles manufactured in Mexico, 88 percent are exported, with 76 percent being allocated to the United States
Chlorinated Polyvinyl Chloride (CPVC) is widely used in pipe and fitting applications due to its excellent properties. CPVC pipes are preferred for hot and cold-water systems in residential, commercial, and industrial buildings, as well as in chemical processing plants. Thus, the Canada market is expected to utilize 23.30 kilo tonnes of CPVC in pipe and fitting application by 2031.
The US market dominated the North America Chlorinated Polyvinyl Chloride Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $590 million by 2031. The Canada market is experiencing a CAGR of 13% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.7% during (2024 - 2031).
It is a versatile thermoplastic material that has gained significant traction across various industries due to its exceptional properties, wide-ranging applications, and numerous advantages over traditional materials.
Moreover, CPVC, a modified polyvinyl chloride (PVC), is created by chlorinating PVC resin to improve its flame-retardant, chemical, and thermal resistance. This makes CPVC appropriate for harsh situations and applications where other materials might not function.
CPVC is used in the automotive industry for various applications, including wire coatings, tubing for fluid transfer systems, and interior components. With Mexico emerging as a significant hub for automotive manufacturing, the demand for CPVC for these applications will likely increase. As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer, with an annual production of 3.5 million passenger vehicles. Out of the total number of vehicles manufactured in Mexico, 88 percent are exported, with 76 percent being allocated to the United States
List of Key Companies Profiled
- Shriram PolyTech Pvt Ltd.
- Sekisui Chemical Co. Ltd.
- Astral Limited
- DCW Limited
- Lubrizol Corporation (Berkshire Hathaway, Inc.)
- Reliance Industries Limited
- BASF SE
- Hanwha Solutions Chemical Division Corporation (Hanwha Corporation)
- Kaneka Corporation
- Avient Corporation
Market Report Segmentation
By Grade (Volume, Kilo Tonnes, USD Bilion, 2020-2031)- Extrusion Grade
- Injection Grade
- Powder
- Pellet
- Direct
- Indirect
- Aqueous Suspension Method
- Solid Phase Method
- Solvent Method
- Pipes & Fittings
- Fire Sprinkler Systems
- Adhesives & Coatings
- Power Cable Casing
- Construction
- Electrical & Electronics
- Chemical
- Agriculture
- Healthcare
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Chlorinated Polyvinyl Chloride Market by Grade
Chapter 5. North America Chlorinated Polyvinyl Chloride Market by Form
Chapter 6. North America Chlorinated Polyvinyl Chloride Market by Sales Channel
Chapter 7. North America Chlorinated Polyvinyl Chloride Market by Production Process
Chapter 8. North America Chlorinated Polyvinyl Chloride Market by Application
Chapter 9. North America Chlorinated Polyvinyl Chloride Market by End User
Chapter 10. North America Chlorinated Polyvinyl Chloride Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Shriram PolyTech Pvt Ltd.
- Sekisui Chemical Co. Ltd.
- Astral Limited
- DCW Limited
- Lubrizol Corporation (Berkshire Hathaway, Inc.)
- Reliance Industries Limited
- BASF SE
- Hanwha Solutions Chemical Division Corporation (Hanwha Corporation)
- Kaneka Corporation
- Avient Corporation
Methodology
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