(MENAFN- GlobeNewsWire – Nasdaq) New York, NY, Sept. 26, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new study report titled “Chlorinated Polyvinyl Chloride (CPVC) Market Across End User Sector (Industrial Pipes and Fittings). , hot water pipes and fittings, underground pipes for electrical cables, hoses and accessories for fire sprinklers, and others), through type (CPVC resin and CPVC compound), through quality (adhesive grade, extrusion quality and coating grade), through value (specialty pipes and hoses) and across the region: Global and regional industry overview, market information, comprehensive analysis, historical data and forecast 2023-2030” in its study database.
“According to the most recent study, the length and share of the global polyvinyl chloride (CPVC) market require in terms of profits valued at $5. 35 billion in 2022 and is expected to exceed approximately $9. 21 billion through 2030, with an expansion of $5. 35 billion. a compound annual expansion rate (CAGR) of approximately 7. 04% during the forecast period from 2023 to 2030. “
What is chlorinated polyvinyl chloride (CPVC)?What is the chlorinated polyvinyl chloride (CPVC) industry like?
Report Overview:
The length of the global chlorinated polyvinyl chloride (CPVC) market is worth around USD 5. 35 billion in 2022 and is expected to grow to around USD 9. 21 billion through 2030, with a compound annual expansion rate (CAGR) of around 7. 04% between 2023 and 2030.
Chlorination of polyvinyl chloride (PVC) resin is the first step in the production of chlorinated polyvinyl chloride (CPVC). These curtains can be heated and molded. PVC, on the other hand, is a brittle, white forged material. It has a wide application in the fields of transport, structure, packaging, fitness and electronic or electrical work. The flexibility of CPVC exceeds that of polyvinyl chloride. In addition, it is able to withstand excessive weather conditions, such as particularly high temperatures. Chlorinated polyvinyl chloride is basically used in the structure of hot and cold water distribution systems, as well as in the control of commercial liquids at variable temperatures.
The manufacture of chlorinated polyvinyl chloride (CPVC) is produced from the chlorination of PVC by a radical chlorination reaction. The amount of chlorine that is introduced into the reaction depends on the production technique; For example, the mass of the base can range from 56. 7% to 74% of the total. The reaction, on the other hand, includes a number of other additives that allow the basic parts to be more responsive as the reaction unfolds. Impact modifiers, stabilizers, lubricants and pigments are some of the types of additives used. The CPVC market is developing at a steady pace and this trend is expected to continue in the coming years.
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Global Chlorinated Polyvinyl Chloride (CPVC) Market: Growth Factors
The offering of programs in the advertising and advertising sectors is driving the expansion of the market.
The global market for chlorinated polyvinyl chloride (CPVC), which is a highly flexible thermoplastic, is expected to grow due to the increasing number of programs of this product in the expanding structures and advertising sectors. Because it is able to maintain its perfect functionality. Even when subjected to very high temperatures, CPVC is one of the most widely used materials throughout the structural process of water distribution systems. Thanks to this quality, it is the perfect choice for the structure of pipes that supply hot water to homes and homes. and advertising establishments. According to research, it is capable of withstanding temperatures of up to 176 degrees Celsius as long as the source is maintained at all times. The temperature may be higher even higher for programs that last less time; however, prolonged exposure is not recommended.
CPVC is a highly adaptable material, which is another merit of its use. In addition, it is used in the production and installation of ceilings, floors, window profiles and insulation assemblies. Due to the constant expansion of the world’s population, the so-called demand for residential complexes has increased. In addition, the structures sector is full of infrastructure expansion projects, many of which involve the structure of massive commercial complexes. With the final touch of the Surat Diamond Exchange in 2023, the state of Gujarat in India has become the headquarters of the world’s largest office. This became imaginable by creating a market for the trade in gemstones. More than 65,000 diamond industry employees have their wishes fulfilled through the facility, which was built on 7. 1 million square feet.
Adapt to converting environmental situations to increase CPVC consumption
CPVC is an incredibly durable polymer. It is in no way affected by severe weather situations. End users are actively looking for fabrics that demonstrate resilience in the face of adverse weather and environmental conditions due to the influence of global warming and climate change on the environment. The environment is more hostile because of these two factors. In the coming years, this will help make the chlorinated polyvinyl chloride (CPVC) industry more popular.
Chlorinated Polyvinyl Chloride (CPVC) Market Trends: Limiting Factors
Concerns about the environmental effects of CPVC production may simply stifle market expansion.
It is conceivable that the development of environmental impact considerations in the manufacture and disposal of chlorinated polyvinyl chloride (CPVC) will restrict the expansion of the global chlorinated polyvinyl chloride market. In addition, it is well established that the main component of CPVC, PVC, is an incredibly destructive pollutant to the plant environment. It is not surprising that the PVC chlorination process produces toxic by-products and that chlorine is an essential component of this process. The addition of toxic chemicals, such as cadmium, lead, phthalates and organotin, are an integral component of the PVC production process. These compounds can pose significant health threats, especially in young people. Due to its complicated chemical composition, CPVC is notoriously difficult to recycle. All of those considerations run counter to the widespread use of CPVC, and will continue to do so unless brands find a more effective approach to getting rid of chlorinated PVC while also reducing the creation of destructive ingredients as byproducts.
Opportunities available in the chlorinated polyvinyl chloride (CPVC) market
increase spending on the structure of new CPVC production facilities to generate new expansion opportunities
The increased spending is expected to result in the creation of new, more productive production sites, which will be favorable for the expansion of the chlorinated polyvinyl chloride industry. This includes shaping relationships and strategic alliances between CPVC suppliers around the world. According to Guinness World Records, a Moroccan company called FIRST PLASTICS successfully built the world’s most powerful CPVC pipe in March 2023. Lubrizol Company, the world’s largest manufacturer and successful investor in the CPVC industry, Array announced in March 2019 that will form an association. with Ashirvad pipes. The latter company has been avant-garde in offering exclusive solutions in various sectors, including agriculture, plumbing, high-rise structures and chimney coverage. The corporations collaborated to launch BlazeMaster® CPVC fire protection system fittings and pipes, designed specifically for chimney cap systems. The fact that CPVC complies with virtually all foreign regulations regarding end-user application of curtains and the immediate speed of technical innovation in the market are two additional facets that may contribute to the expansion of CPVC demand. .
Issues the market of Chlorinated Polyvinyl Chloride (CPVC)
Constant commodity volatility will be a drag on market growth
The high level of fluctuation in commodity prices is very likely to add demanding conditions to the expansion trend observed in the CPVC sector. The availability of raw materials is a critical factor in the production of chlorinated polyvinyl chloride (CPVC). However, the supply chain is highly subject to influences from the outside world, such as the geopolitical environment and the economic position of competing countries. The fluctuating price of raw curtain material can potentially have an impact on CPVC manufacturing. In fact, those things are becoming fashionable times, especially as new alliances are forged as more countries focus on emerging nations.
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Scope of the report
Chlorinated Polyvinyl Chloride (CPVC) Market: Segmentation Analysis
The chlorinated polyvinyl chloride (CPVC) market globally is divided into separate sub-markets based on end-user, type, application, and product value.
Industrial pipes and fittings, hot water pipes and fittings, underground pipes for housing electrical cables, pipes and fittings for chimney sprinklers and other pipes and fittings are the various sectors of the global end-user pipes and fittings market. The Hot Water Pipes and Fittings market segment saw the fastest expansion in 2022. It held more than 50. 1% of the overall market share, driven by significant investments in the residential and advertising structures sector. CPVC is the curtain of choice for home water fountain lines due to its ability to tolerate higher temperatures. The source of water is one of the fundamental needs of each and every household. Further growth is likely to be seen during the forecast period due to increasing demand for residential spaces in emerging markets.
CPVC resin and CPVC compound are the two sub-industries belonging to the chlorinated polyvinyl chloride industry.
Adhesive quality, extrusion quality, and coating quality are the 3 sub-segments that make up the coating quality of the global market. The extruded quality market was the most lucrative in 2022. This contract is for CPVC used for pipes and fittings. for an overwhelming majority of 84. 5% of total segment revenue. The driving forces are increased investments in new production sites, as well as the expansion of existing facilities, the advancement of foreign collaborations, and a growing demand for high-performance pipes and fittings in cool homes.
The chlorinated polyvinyl chloride market is divided into two categories, special pipes and ordinary pipes, which are decided on the basis of the value of the product.
The chlorinated polyvinyl chloride (CPVC) market is segmented as follows:
By end-user industry
By type
By level
By price
Browse the entire market for “Chlorinated Polyvinyl Chloride (CPVC) through end-user sector (industrial pipes and fittings, hot water pipes and fittings, pipes for underground electrical cable enclosures, hoses and fittings for fire sprinklers, and others), down to type (CPVC resin). and CPVC compound), through quality (adhesive grade, extrusion grade and coating grade), through value (special pipes and hoses) and across region: global and regional industry overview, market information, comprehensive analysis, old knowledge and forecast 2023 – 2030” Report to
Competitive landscape
Some of the key competitors dominating the chlorinated polyvinyl chloride (CPVC) market include:
Key research themes number one:
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Regional Analysis:
Asia Pacific to Dominate with Highest CAGR During Assessment Period
The global chlorinated polyvinyl chloride (CPVC) market will be governed across Asia Pacific in the forecast era as in 2022 it controlled around 60. 2% of the global market revenue. The main explanation for this superior regional expansion is the presence of strong CPVC production. The former hosts some of the most important brands of CPVC and products derived from it, aggregating pipe and fitting responses from various end-user verticals. India is spending abundant sums to announce increased production of this very important material.
In August 2023, Epigral Ltd. , an Indian-founded embedded chemicals manufacturer, announced its access to the polyvinyl chloride chlorinated compounds segment. The company has commissioned the construction of a production facility with a capacity of 35,000 tons per year (TPA) and the site is expected to be nationally consistent through the fourth quarter of fiscal 2024. As of July 2022, the company produced 30,000 TPAs of CPVC resin. On the other hand, Ashirvad Pipes is the world’s largest distributor of CPVC pipes and fittings, with a capacity of 2,00,000 million tons annually.
By region
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