The CPVC market is projected to grow from USD 1.6 billion in 2023 to USD 2.7 billion by 2028 at a CAGR of 11.1% during the forecast period. Chlorinated polyvinyl chloride (CPVC) is a specialized thermoplastic material derived by subjecting polyvinyl chloride (PVC) through the chlorination process. In this process, chlorine atoms are introduced into the PVC polymer chain, enhancing its properties, such as chemical resistance, flame-retardant characteristics, and heat resistance. These properties make CPVC efficient and suitable for various applications, including plumbing systems, fire protection, chemical & industrial equipment, power cable casing, adhesives & coatings, and others. 

Major manufacturers in this market are based in Asia Pacific, Europe, and North America The Lubrizol Corporation (US), Sekisui Chemical Co., Ltd. (Japan), Meghmani Finechem Limited (India), Shandong Novista Chemical Co., Ltd. (China), Shandong Pujie Rubber & Plastic Co., Ltd. (China), Kaneka Corporation (Japan), Shandong Yada New Material Co., Ltd. (China), KEM ONE (France), Shandong Xuye New Materials Co., Ltd. (China), DCW Limited (India), Sundow Polymers Co., Ltd. (China), Mitsui & Co., Ltd. (Japan), Shanghai Chlor-Alkali Chemical Co., Ltd. (China), and Shandong Gaoxin Chemical Co., Ltd. (China), and others are among a few leading players operating in the CPVC market. CPVC manufacturers have been adopting various inorganic and organic growth strategies aiming to expand and strengthen their position in the global CPVC market. Some of the strategies include contracts, collaborations, acquisitions, partnerships, and mergers.

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The Lubrizol Corporation (US)

Lubrizol Corporation is one of the prominent specialty chemical manufacturers in America. The company is a subsidiary of Berkshire Hathway. It is involved in manufacturing and supplying a variety of specialty chemicals for the industrial, consumer, and transportation markets. Some of the company’s products include additives for industrial lubricants, additives for engine oils, transportation-related fluids, additives for pharmaceuticals, personal care products, and various others. With a global manufacturing and sales network, the company serves its customers in more than 100 countries. The company has 58 manufacturing sites, 40 lab or technical facilities, and 47 sales offices across the world. Some of the company’s offices are in countries such as the UK, Brazil, US, Spain, Germany, Japan, India, Belgium, France, South Korea, and China.

SekiSui Chemical Co., Ltd. (Japan)

Sekisui Chemical Co., Ltd. manufactures and sells a wide range of industrial chemicals. The company operates through various business segments, namely, Residential, High-performance Plastics, Environmental and Lifeline, and Medical. Through its wide product portfolio, the company serves various end-use industries such as infrastructure, automotive, electronics, and advanced technology fields. Sekisui Chemical Co., Ltd. has a strong global presence with 106 domestic and 83 overseas subsidiaries. The company has expanded across regions such as Europe, North America, South America, and Asia Pacific.

The Injection grade segment is expected to account for the second-largest market share during the forecasted period.

CPVC is available in two grades, injection and extrusion, in order to meet specific performance and processing requirements by various applications. Injection-grade CPVC mainly includes pellets and is widely used to manufacture fittings, flange adapters, valves, and others. Manufacturers use machines with hoppers to feed a specific amount of CPVC into the manufacturing system. This manufacturing system uses high-pressure screw to melt the CPVC and mold it into the desired shape

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The pellet form segment is expected to account for the second-largest share of the CPVC market during the forecast period in terms of value.

The CPVC market is segmented based on pellet and powder forms. CPVC pellets are solid, small, and cylindrical in shape. The pellets are used to manufacture various end-products such as fittings, valves, and many more. The pellet form CPVC is available in small cylindrical shapes as a common intermediate or raw material used to manufacture various products. During the production of PVC resin pellets, chlorination is used to enhance properties such as heat resistance, flame retardancy, and chemical resistance.

The indirect sales channel segment is expected to account for the second-largest share of the CPVC market during the forecast period in terms of value.

CPVC manufacturers opt for both direct sales and sales through distribution. The selection of sales channels depends on various factors, such as the geographic presence of the manufacturers, customers, and the targeted end-use industries. To be cost-effective in the CPVC industry, which produces products in continuous or large batches, shipments must be made in large quantities, such as truckloads or railcar loads. It is not feasible for a single supplier to meet numerous small orders from customers worldwide. Distributors provide smaller amounts of goods to newer or smaller customers who lack the resources to purchase truckloads directly from suppliers. This helps suppliers reach more people at a more affordable cost.

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The solvent method production process segment is expected to account for the second-largest share of the CPVC market during the forecast period in terms of value.

CPVC finds diverse applications in the solvent method process. The solvent method is another production process for CPVC resin. In this approach, PVC is dissolved in a solvent along with a chlorine source, and the resulting solution is then chlorinated. After chlorination, the solvent is removed, leaving behind CPVC resin in the desired form. The drawback of the solvent method lies in its limited heat resistance, elevated production expenses, and the potential for environmental pollution due to the complexity of solvent treatment. The resulting product typically exhibits a chlorinity range of 62% to 65% and finds primary application in coatings and adhesives. One of the challenges that need to be addressed is the proper management of reaction heat, as well as ensuring that the chlorination product properties are uniform.

The chemical & industrial equipment application segment is expected to account for the second-largest share of the CPVC market during the forecast period in terms of value.

The chemical & industrial equipment market is one of the growing application markets for CPVC. CPVC possesses superior strength, performance and safety, making it an ideal system for industrial process applications. Traditionally, engineers and procurement professionals have relied largely on steel and other higher alloys for industrial piping. However, an overall analysis reveals that CPVC often outperforms metallic systems and is more cost-effective over a longer period of time. CPVC industrial piping has a smooth inner surface that resists scaling and fouling, which minimizes friction pressure losses in the fluid flow. This means that CPVC piping offers optimum flow rates, allowing more liquid to be moved using smaller pumps and less energy. Yielding an overall lower installation cost, fewer maintenance and safety concerns, and strong performance with a wide variety of chemicals, CPVC is a material that is gaining attention across various industrial applications, including corrosion-resistant components, industrial fluid handling components, and chemical processing equipment, among others.

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The commercial end-use industry segment is expected to account for the second-largest share of the CPVC market during the forecast period in terms of value.

CPVC finds diverse applications in the commercial sector, offering tailored solutions for various industries. It is a cornerstone of commercial plumbing, ensuring efficient water distribution, handling hot water, and contributing to heating and cooling systems. The flame-retardant properties of CPVC make it an asset in fire protection systems, enhancing safety in commercial buildings. It finds relevance in industrial processes by safely conveying chemicals and fluids, while also playing a role in retail, hospitality, healthcare, and educational facilities. The reliability and durability of CPVC and continuous developments and innovations are pivotal in creating comfortable, safe, and efficient environments for businesses.

Europe is expected to account for the second-largest share during forecasted period.

The CPVC market in Europe includes Germany, France, the UK, Italy, Spain, and Rest of Europe. According to Euroconstruct, the construction industry in countries such as the UK, Ireland, Finland, and Switzerland witnessed an increase of nearly 5.6% in 2021 compared to 2020. This shows the development in the infrastructure activities across the European Union. Investments in infrastructure and residential construction projects are expected to drive the CPVC market in the region. Europa City is a 40-hector development project in Heidestrasse, Berlin, which is scheduled to be completed by 2026. The project will cover an area of 199,000 square meters for residential property, 355,000 square meters for offices, and 28,000 square meters for retail premises and restaurants. Such increased developments in the construction industry will drive the demand for CPVC during the forecast period.