Chine to Lead Asia Pacific Chlorinated Polyvinyl Chloride Market through 2035
Rise in constructional
activities and production units, and ability to withstand higher temperatures as compared to
plastic piping are driving the global chlorinated polyvinyl chloride
Market through 2035.
According to TechSci Research
report, “Chlorinated Polyvinyl Chloride Market - Global Industry Size, Share, Trends, Competition, Opportunity,
and Forecast, 2015-2035”, The production capacity
of Chlorinated Polyvinyl Chloride (CPVC) was 871.52 thousand tonnes in 2021.
Because of its strong, durable, lightweight, cost-effective, heat and pressure-resistant,
and other adaptable features, chlorinated polyvinyl chloride is widely used in
industrial and residential construction. Pipes and fittings are the most
prominent category in the construction industry, owing to rising industrial and
residential uses and the capacity to tolerate higher temperatures than plastic
pipe systems.
Also, because of its
superior qualities, such as heat resistance, immunity to chlorinated water
corrosion, insulation properties, hydrolysis resistance, resistance to chemical
corrosion and leaching, and the ability to reject microbial bacteria during
distribution, chlorinated polyvinyl chloride is becoming more widely used in
water storage and distribution. Furthermore, chlorinated polyvinyl chloride
pipes are utilized for transporting hot water in frigid countries since they can
endure higher temperatures than conventional piping without shrinking,
dissolving, or breaking. However, the higher costs of maintenance, and
difficult leak fixing are major factors that are negatively affecting chlorinated
polyvinyl chloride market, globally.
Browse over 127 market
data Figures spread through 225 Pages and an in-depth TOC on "Global Chlorinated Polyvinyl
Chloride Market"
https://www.techsciresearch.com/report/chlorinated-polyvinyl-chloride-cpvc-market/10651.html
The
global chlorinated polyvinyl chloride market is segmented into grade, end-use,
region, and competitive landscape. Based on end-use, the market is divided into
hot water pipes/fittings, industrial pipes/fittings, fire sprinkler
pipes/fittings, and underground pipes for housing power cables. The hot water
pipes/fittings led the market with a market share of 51.92% in 2021. The rise
in the use of chlorinated polyvinyl chloride in water storage and its
distribution can be seen due to its resistance to heat and pressure,
hydrolysis, and chemical corrosion. Based on region, APAC has dominated the
market, held one-half of the overall market share in 2021, and is expected to
maintain its dominance over the next five years. Developing countries like
China, India, and Vietnam are undergoing massive residential and industrial
establishment activities and are the fastest growing countries in the
construction sector. Rapid industrialization and expansion of production
facilities in different APAC region countries are expected to reduce
chlorinated polyvinyl chloride consumption significantly. As a result of the
increased demand and less competition, more private players will emerge,
resulting in higher production rates, further bringing a more balanced
demand-supply dynamic to developing economies.
Major
market players operating in the global chlorinated polyvinyl chloride market are:
·
Lubrizol Corporation
·
Kaneka Corporation
·
Hanwha Solutions
·
Sundow Polymers Company Limited
·
Zheijang Guxiandao Polyester Dope Dyed Yarn Company
Limited
·
Shandong Gaoxin Chemical Company Limited
·
Novista Chemicals Company Limited
·
Kem One
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“The increasing demand for
chlorinated polyvinyl chloride pipes in the construction sector due to their
capacity to withstand higher temperatures than general plastic pipes drive the
demand for the chlorinated polyvinyl chloride market. Currently, the
chlorinated polyvinyl chloride market is facing competition; thus, these
companies are also expanding their research & development in this area. In
cold countries, chlorinated polyvinyl chloride pipes are coming out as the best
alternative to regular pipes to be used for hot water transportation. The rise
in the number of plants and the growing adoption of chlorinated polyvinyl
chloride pipes is expected to propel the global chlorinated polyvinyl chloride
market growth till 2035”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based Global management consulting firm.
“Chlorinated Polyvinyl
Chloride Market - Global Industry Size, Share, Trends, Competition, Opportunity,
and Forecast, 2017-2027 Segmented By Grade (Pipe &
Fitting (Extrusion) Grade, Adhesive Grade, Sheathing Grade), By End Use (Hot
Water Pipes/Fittings, Industrial Pipes/Fittings, Fire Sprinkler Pipes/Fittings,
Underground Pipes for Housing Power Cables, Others), By Region”, has evaluated the future
growth potential of global chlorinated polyvinyl chloride market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global chlorinated polyvinyl chloride market.
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