The global Chlorinated Polyvinyl Chloride Market (CPVC) was valued at US$ 3.03 Bn in 2020, estimated to reach US$ 6.50 Bn in 2027 with a CAGR of 10.01% from 2021-2027
The Chlorinated Polyvinyl Chloride is defined as an advanced engineering thermoplastic produced by chlorination of PVC resin. Chlorine is added to polyvinyl chloride to produce CPVC by using the fluidized bed or water slurry chlorination process.
Market Drivers: Growing safety concerns and increasing in the use of fire-sprinklers will boost the market growth
A fire sprinkler system consists of a water supply & distribution piping system installed on walls or ceilings. It gets activated once the sprinkler head reaches the activation temperature in case of a fire breakout & sprays high-pressure water over the flames to extinguish them.
In recent years, these systems have gained popularity across the transportation, residential, and healthcare sectors. Various insurance firms are also offering incentives for installing these systems which has led to an increase in their sales across the globe. CPVC is considered as amongst one of the significant components in manufacturing of fire sprinklers.
CPVC uses a custom solvent cement to join fire sprinklers and its fittings, which can be completed on-site with common, economical tools by any installer having basic training. The use of fire-sprinklers has become an essential part of any processing or manufacturing industry such as oil & gas, pharmaceuticals, construction and among others, this has enabled the growth of use of CPVC in the manufacturing of fire-sprinklers.
Government and concerned regulatory bodies have also encouraged the use of fire-sprinklers in the manufacturing sites from the point of view of safety concerns. Increasing industrial hazards around the manufacturing sites have encouraged the support of fire-sprinklers.
For instance, the National Building Code of India has mandated the installation of automatic sprinkler systems, fire extinguishers and water sprays. Similarly, the NFPA "Building Construction and Safety Code" in the US includes a requirement for home fire sprinklers in one- and two-family dwellings.
Market Challenges: High repairing cost
Safety regulations and consequent costs are a major concern for the CPVC resin industry. Many of its raw materials as well as by-products are potentially hazardous at some stage during their manufacture & transport. These chemicals may be liquids or gases; corrosive and/or toxic especially chemicals like dioxin, hydrochloric acid, and vinyl chloride poses a severe health risks to humans during the CPVC life cycle.
Manufacturing processes frequently involve high temperatures, high pressures, and reactions which can be dangerous unless carefully controlled. They also have restraints on the conditions under which particular chemicals can be transported. These regulations have led to higher costs and production limitations in the industry.
Market Opportunities: Increasing demand of CPVC in manufacture of power cable cases and tubes is likely to exhibit growth prospects
CPVC can be made into High-voltage electrical power cable conduit due to its excellent heat resistance and insulation characteristic. CPVC pipe has only 1/200 thermal conductivity of that of steel pipe and possesses small friction coefficient, which makes it good at thermal insulation and improving oil flow efficiency when gathering and transferring crude oil.
These properties of CPVC are utilized in the manufacturing of various strong and non-corrosive materials which require strong thermal and mechanical resistance properties.
Various key operating players are listed in this report such as
Weifang Kingdom Plastic
Shandong Tianchen Chemical Co. Ltd.
SEKISUI CHEMICAL CO. Ltd.
Kem One SAS
Lubrizol Advanced Materials Inc.
Panjin Changrui Chemical Industry Co. Ltd
Key Topics Covered:
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Chlorinated Polyvinyl Chloride Market (CPVC) Outlook
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Chlorinated Polyvinyl Chloride Market (CPVC), By Production Process
5.1 Y-o-Y Growth Comparison, By Production Process
5.2 Global Chlorinated Polyvinyl Chloride Market (CPVC) Share Analysis, By Production Process
5.3 Global Chlorinated Polyvinyl Chloride Market (CPVC) Size and Forecast, By Production Process
5.3.1 Solvent Method
5.3.2. Solid-Phase Method
5.3.3. Aqueous Suspension Method
6 Global Chlorinated Polyvinyl Chloride Market (CPVC), By Grade
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Chlorinated Polyvinyl Chloride Market (CPVC) Share Analysis, By Component
6.3 Global Chlorinated Polyvinyl Chloride Market (CPVC) Size and Forecast, By Component
6.3.1 Injection Grade
6.3.2 Extrusion Grade
7 Global Chlorinated Polyvinyl Chloride Market (CPVC), By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Chlorinated Polyvinyl Chloride Market (CPVC) Share Analysis, By Application
7.3 Global Chlorinated Polyvinyl Chloride Market (CPVC) Size and Forecast, By Application
7.3.1 Pipes & Fittings
7.3.2. Fire Sprinkler Systems
7.3.3. Power Cable Casing
7.3.4. Adhesives & Coatings
7.3.5. Wastewater Treatment
8 Global Chlorinated Polyvinyl Chloride Market (CPVC), By Region
For more information about this report visit https://www.researchandmarkets.com/r/xonqr5
View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005622/en/
Laura Wood, Senior Press Manager
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