This report describes and explains the chlorinated polyvinyl chloride (CPVC) market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global chlorinated polyvinyl chloride (CPVC) market reached a value of nearly $4.2 billion in 2023, having grown at a compound annual growth rate (CAGR) of 6.19% since 2018. The market is expected to grow from $4.2 billion in 2023 to $6.3 billion in 2028 at a rate of 8.36%. The market is then expected to grow at a CAGR of 10.01% from 2028 and reach $10.1 billion in 2033.
Growth in the historic period resulted from growth in the construction industry, rising urbanization, rising industrialization and a growing agriculture sector. Factors that negatively affected growth in the historic period were high raw material prices.
Going forward, the growing chemical industry, increasing expansion of oil and gas, strong economic growth in emerging markets and government initiatives will drive the market. Factors that could hinder the growth of the chlorinated polyvinyl chloride (CPVC) market in the future include export restrictions.
The chlorinated polyvinyl chloride (CPVC) market is segmented by grade into injection grade and extrusion grade. The extrusion grade market was the largest segment of the chlorinated polyvinyl chloride (CPVC) market segmented by grade, accounting for 74.5% or $3.1 billion of the total in 2023. Going forward, the extrusion grade segment is expected to be the fastest growing segment in the chlorinated polyvinyl chloride (CPVC) market segmented by grade, at a CAGR of 8.62% during 2023-2028.
The chlorinated polyvinyl chloride (CPVC) market is segmented by application into pipes and fittings, fire sprinkler systems, power cable casing, adhesives and coatings and other applications. The pipes and fittings market was the largest segment of the chlorinated polyvinyl chloride (CPVC) market segmented by application, accounting for 57.5% or $2.4 billion of the total in 2023. Going forward, the fire sprinkler systems segment is expected to be the fastest growing segment in the chlorinated polyvinyl chloride (CPVC) market segmented by application, at a CAGR of 9.69% during 2023-2028.
The chlorinated polyvinyl chloride (CPVC) market is segmented by end user industry into construction, chemical, electrical and electronics, healthcare, agriculture and other end user industries. The construction market was the largest segment of the chlorinated polyvinyl chloride (CPVC) market segmented by end user industry, accounting for 40.4% or $1.7 billion of the total in 2023. Going forward, the construction segment is expected to be the fastest growing segment in chlorinated polyvinyl chloride (CPVC) market segmented by end user industry, at a CAGR of 9.59% during 2023-2028.
Asia-Pacific was the largest region in the chlorinated polyvinyl chloride (CPVC) market, accounting for 41.5% or $1.7 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the chlorinated polyvinyl chloride (CPVC) market will be Eastern Europe and Asia-Pacific, where growth will be at CAGRs of 10.18% and 9.31% respectively. These will be followed by South America and North America, where the markets are expected to grow at CAGRs of 8.75% and 8.02% respectively.
The global chlorinated polyvinyl chloride (CPVC) market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up 21.82% of the total market in 2022. Kaneka Corporation was the largest competitor with a 5.36% share of the market, followed by Nan Ya Plastics Corporation with 4.52%, Sekisui Chemical Co. Ltd. with 3.66%, Lubrizol Corporation with 3.41%, Astral Ltd. with 1.39%, Hanwha Solutions Corporation with 0.83%, Arkema SA with 0.77%, DCW Ltd. with 0.68%, IPEX Inc. with 0.60% and BASF SE with 0.59%.
The top opportunities in the chlorinated polyvinyl chloride (CPVC) market segmented by grade will arise in the extrusion grade segment, which will gain $1.6 billion of global annual sales by 2028. The top opportunities in the chlorinated polyvinyl chloride (CPVC) market segmented by application will arise in the pipes and fittings segment, which will gain $1.2 billion of global annual sales by 2028. The top opportunities in the chlorinated polyvinyl chloride (CPVC) market segmented by end user industry will arise in the construction segment, which will gain $989.21 million of global annual sales by 2028. The chlorinated polyvinyl chloride (CPVC) market size will gain the most in the USA at $494.79 million.
Market-trend-based strategies for the chlorinated polyvinyl chloride (CPVC) market include expanding capacity of CPVC compounds to meet growing demand and domestic supply needs, increasing investments in new CPVC plants to expand product portfolio, introduction of green CPVC cement for diverse applications and the rise in production capacities to cater to increasing demand across diverse industries.
Player-adopted strategies in the chlorinated polyvinyl chloride (CPVC) market include focus on strategic partnerships to develop business expertise, expanding operational capabilities through strategic partnerships and expanding business through new product launches.
To take advantage of the opportunities, the analyst recommends the chlorinated polyvinyl chloride (CPVC) companies to focus on capacity expansion, focus on strategic investments, focus on innovative CPVC products, focus on extrusion grade segment, focus on diversifying distribution channels, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, focus on strategic pricing strategies, cultivate strategic partnerships to strengthen promotional efforts, participate in trade shows and events, continue to use B2B promotions, focus on construction sector penetration and focus on pipes and fittings manufacturers engagement.
The global chlorinated polyvinyl chloride (CPVC) market reached a value of nearly $4.2 billion in 2023, having grown at a compound annual growth rate (CAGR) of 6.19% since 2018. The market is expected to grow from $4.2 billion in 2023 to $6.3 billion in 2028 at a rate of 8.36%. The market is then expected to grow at a CAGR of 10.01% from 2028 and reach $10.1 billion in 2033.
Growth in the historic period resulted from growth in the construction industry, rising urbanization, rising industrialization and a growing agriculture sector. Factors that negatively affected growth in the historic period were high raw material prices.
Going forward, the growing chemical industry, increasing expansion of oil and gas, strong economic growth in emerging markets and government initiatives will drive the market. Factors that could hinder the growth of the chlorinated polyvinyl chloride (CPVC) market in the future include export restrictions.
The chlorinated polyvinyl chloride (CPVC) market is segmented by grade into injection grade and extrusion grade. The extrusion grade market was the largest segment of the chlorinated polyvinyl chloride (CPVC) market segmented by grade, accounting for 74.5% or $3.1 billion of the total in 2023. Going forward, the extrusion grade segment is expected to be the fastest growing segment in the chlorinated polyvinyl chloride (CPVC) market segmented by grade, at a CAGR of 8.62% during 2023-2028.
The chlorinated polyvinyl chloride (CPVC) market is segmented by application into pipes and fittings, fire sprinkler systems, power cable casing, adhesives and coatings and other applications. The pipes and fittings market was the largest segment of the chlorinated polyvinyl chloride (CPVC) market segmented by application, accounting for 57.5% or $2.4 billion of the total in 2023. Going forward, the fire sprinkler systems segment is expected to be the fastest growing segment in the chlorinated polyvinyl chloride (CPVC) market segmented by application, at a CAGR of 9.69% during 2023-2028.
The chlorinated polyvinyl chloride (CPVC) market is segmented by end user industry into construction, chemical, electrical and electronics, healthcare, agriculture and other end user industries. The construction market was the largest segment of the chlorinated polyvinyl chloride (CPVC) market segmented by end user industry, accounting for 40.4% or $1.7 billion of the total in 2023. Going forward, the construction segment is expected to be the fastest growing segment in chlorinated polyvinyl chloride (CPVC) market segmented by end user industry, at a CAGR of 9.59% during 2023-2028.
Asia-Pacific was the largest region in the chlorinated polyvinyl chloride (CPVC) market, accounting for 41.5% or $1.7 billion of the total in 2023. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the chlorinated polyvinyl chloride (CPVC) market will be Eastern Europe and Asia-Pacific, where growth will be at CAGRs of 10.18% and 9.31% respectively. These will be followed by South America and North America, where the markets are expected to grow at CAGRs of 8.75% and 8.02% respectively.
The global chlorinated polyvinyl chloride (CPVC) market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up 21.82% of the total market in 2022. Kaneka Corporation was the largest competitor with a 5.36% share of the market, followed by Nan Ya Plastics Corporation with 4.52%, Sekisui Chemical Co. Ltd. with 3.66%, Lubrizol Corporation with 3.41%, Astral Ltd. with 1.39%, Hanwha Solutions Corporation with 0.83%, Arkema SA with 0.77%, DCW Ltd. with 0.68%, IPEX Inc. with 0.60% and BASF SE with 0.59%.
The top opportunities in the chlorinated polyvinyl chloride (CPVC) market segmented by grade will arise in the extrusion grade segment, which will gain $1.6 billion of global annual sales by 2028. The top opportunities in the chlorinated polyvinyl chloride (CPVC) market segmented by application will arise in the pipes and fittings segment, which will gain $1.2 billion of global annual sales by 2028. The top opportunities in the chlorinated polyvinyl chloride (CPVC) market segmented by end user industry will arise in the construction segment, which will gain $989.21 million of global annual sales by 2028. The chlorinated polyvinyl chloride (CPVC) market size will gain the most in the USA at $494.79 million.
Market-trend-based strategies for the chlorinated polyvinyl chloride (CPVC) market include expanding capacity of CPVC compounds to meet growing demand and domestic supply needs, increasing investments in new CPVC plants to expand product portfolio, introduction of green CPVC cement for diverse applications and the rise in production capacities to cater to increasing demand across diverse industries.
Player-adopted strategies in the chlorinated polyvinyl chloride (CPVC) market include focus on strategic partnerships to develop business expertise, expanding operational capabilities through strategic partnerships and expanding business through new product launches.
To take advantage of the opportunities, the analyst recommends the chlorinated polyvinyl chloride (CPVC) companies to focus on capacity expansion, focus on strategic investments, focus on innovative CPVC products, focus on extrusion grade segment, focus on diversifying distribution channels, expand in emerging markets, continue to focus on developed markets, provide competitively priced offerings, focus on strategic pricing strategies, cultivate strategic partnerships to strengthen promotional efforts, participate in trade shows and events, continue to use B2B promotions, focus on construction sector penetration and focus on pipes and fittings manufacturers engagement.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Chlorinated Polyvinyl Chloride (CPVC) Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Chlorinated Polyvinyl Chloride (CPVC) Market Segmentation
11 Chlorinated Polyvinyl Chloride (CPVC) Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
22 Key Mergers and Acquisitions
23 Opportunities and Strategies
24 Chlorinated Polyvinyl Chloride (CPVC) Market, Conclusions and Recommendations
25 Appendix
Executive Summary
Chlorinated Polyvinyl Chloride (CPVC) Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global chlorinated polyvinyl chloride (CPVC) market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description
Where is the largest and fastest-growing market for chlorinated polyvinyl chloride (CPVC)? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The chlorinated polyvinyl chloride (CPVC) market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider chlorinated polyvinyl chloride (CPVC) market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by grade, by application and by end user industry.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the chlorinated polyvinyl chloride (CPVC) market.
- Global Market Size and Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by grade, by application and by end user industry in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for chlorinated polyvinyl chloride (CPVC) providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Grade: Injection Grade; Extrusion Grade2) By Application: Pipes and Fittings; Fire Sprinkler Systems; Power Cable Casing; Adhesives and Coatings; Other Applications
3) By End User Industry: Construction; Chemical; Electrical and Electronics; Healthcare; Agriculture; Other End User Industries
Key Companies Mentioned: Kaneka Corporation; Nan Ya Plastics Corporation; Sekisui Chemical Co. Ltd.; Lubrizol Corporation; Astral Ltd.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; chlorinated polyvinyl chloride (CPVC) indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Kaneka Corporation
- Nan Ya Plastics Corporation
- Sekisui Chemical Co. Ltd.
- Lubrizol Corporation
- Astral Ltd.
- Hanwha Solutions Corporation
- Arkema SA
- DCW Ltd.
- IPEX Inc.
- BASF SE
- Formosa Plastics Corporation
- Sundow Polymers Co. Ltd.
- Shandong Xiangsheng New Materials
- Nanya Plastics Corporation
- Sintex
- Rollepaal
- Kem One
- Nullifire Ltd.
- Molecor
- BASF - Polska
- Polyone Corporation
- Wavin
- Bow Plumbing Group
- Multi Fittings Corp
- Canplas Industries Ltd
- Hamilton Kent Inc.
- Oatey Co.
- Lubrizol Advanced Materials Inc.
- Charlotte Pipe and Foundry Company
- United States Plastic Corporation
- Cresline Plastic Pipe Co.
- IPEX USA LLC
- Ryan Herco Flow Solutions
- JM Eagle
- NIBCO Inc.
- Watts Water Technologies
- Unipar Carbocloro S.A.
- Lubrizol Do Brasil Aditivos LTDA
- GF Piping Systems
- Global Pipe Co.
- Saudi Industries for Pipes (SIP) Co. Ltd.
- National Marketing Est. Co. Ltd.
- Cresco Middle East Trading LLC
- Cosmoplast
- Harwal Group
- Flo-Tek Africa
- FlowGuard Pipe & Fittings
- Karishma
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 288 |
Published | June 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 4.2 Billion |
Forecasted Market Value ( USD | $ 10.1 Billion |
Compound Annual Growth Rate | 9.1% |
Regions Covered | Global |
No. of Companies Mentioned | 48 |