Chlorinated Polyvinyl Chloride Market Size
The global Chlorinated Polyvinyl Chloride market size was valued at USD 1.55 billion in 2023 and is further projected to double by 2032. Asia-Pacific has been identified to be the largest CPVC market and will remain at the forefront driving CPVC demand growth.
Chlorinated Polyvinyl Chloride (CPVC) emerges as a versatile thermoplastic derived from the chlorination of Polyvinyl Chloride (PVC), finding extensive utilization within the Building & Construction industry for pipe construction. The allure of CPVC pipes resides in their lightweight structure, flexibility, high-temperature endurance, low maintenance needs, and corrosion resistance.
Global CVPC Demand Analysis, By Grade, 2016-2032 (kilo tons)
Source: Secondary & Primary Research and Prismane Consulting estimates
Chlorinated Polyvinyl Chloride Market Segmentation
The Chlorinated Polyvinyl Chloride market by grade is segmented as injection molding grade and extrusion grade. Injection molding grade, owing to its numerous advantages, dominates the Chlorinated Polyvinyl Chloride market. The process involves plastic pellets moving from a hopper to the compression section, generating frictional heat. Conversely, extrusion entails pushing materials through an exit to shape constant cross-sections like window sections, drinking straws, pipes, and seals. However, due to its sustained high-temperature requirements, extrusion remains the less preferred grade for CPVC. Global CVPC Demand Analysis, By Application, 2016-2032 (kilo tons)
Source: Secondary & Primary Research and Prismane Consulting estimates
Chlorinated Polyvinyl Chloride Applications
The CPVC market encompasses a spectrum of applications, prominently including Pipes & Fittings and Adhesives. CPVC pipes serve residential, institutional, and commercial sectors, facilitating applications spanning HVAC, chemical feeds, water softening, cooling systems, and boiler feed systems in commercial and industrial settings.
CPVC s primary application lies in the manufacturing of pipes and fittings for residential and industrial plumbing systems. Its exceptional properties—such as high temperature resistance, corrosion resistance, and capability to handle higher pressure compared to traditional PVC pipes—make CPVC pipes an ideal choice across various plumbing needs.
Regional Dominance and Future Prospects
The Asia-Pacific region emerges as a frontrunner in the CPVC market, attributed to escalating urbanization and construction activities in developing nations like China and India. The rising demand for CPVC pipes in wastewater treatment plants forecasts substantial market growth. India, specifically, stands out as a significant consumer of CPVC for plumbing pipes and fittings, indicative of a promising trajectory for CPVC demand.
Diverse Applications and Industrial Utility
CPVC's versatile use spans across multiple applications, encompassing pipes & fittings, adhesives, and coatings. Its superiority over PVC lies in remarkable traits like corrosion resistance at high temperatures, chemical resilience, and malleability, enabling its diverse applications in scrubbers, ventilation systems, and tanks.
Industrial applications witness CPVC pipes serving varied purposes, especially in environments necessitating resistance to corrosive chemicals and high temperatures. Beyond pipes, CPVC extends its utility to strainers, filters, valves, ducts, and tower packing. Capable of withstanding temperatures up to 80°C in pressurized systems and higher in low-pressure systems, it caters to both hot and cold-water systems.
Moreover, CPVC assumes a pivotal role in fire sprinkler systems within commercial and institutional buildings, owing to its durability, ease of fabrication, and swift installation.
Global CVPC Demand, By Region, 2023 (kilo tons)
Source: Secondary & Primary Research and Prismane Consulting estimates
Chlorinated Polyvinyl Chloride Market Dynamics
Driving Forces and Market Expansion
The growth trajectory of the CPVC market is propelled by the escalating demand for reliable and durable plumbing systems across diverse sectors. Expansion in the construction industry, particularly in residential and commercial infrastructure projects, significantly augments the demand for CPVC pipes and fittings. The imperative for efficient, long-lasting, and cost-effective plumbing solutions has steered a preference for CPVC over alternative materials in numerous regions.
Furthermore, heightened awareness regarding the benefits of CPVC among consumers and industries triggers a shift toward upgrading existing plumbing systems or installing new ones using CPVC due to its superior performance attributes. Stringent regulations governing materials in plumbing systems, especially concerning health and safety standards, further drive the adoption of CPVC due to its compliance with these regulations.
CPVC Market: Challenges and Alternatives
The CPVC market faces challenges due to its associated high costs, leading some individuals to favor PVC pipes for housing wires, drainage, plumbing, and sewage infrastructure needs. PVC pipes, recognized as high-strength thermoplastic pipes, are extensively utilized across diverse applications, posing as a feasible alternative to CPVC pipes.
Despite the competitive edge of CPVC, PVC pipes offer comparable traits such as durability, lightweight structure, strength, and resistance to chemical corrosion, challenging the growth trajectory of the CPVC market.
Chlorinated Polyvinyl Chloride Market Leaders
The Lubrizol Corporation, Sekisui Chemical Co., Ltd, Epigral Limited (Meghmani Finechem), Kem One, Kaneka Corporation, Polyone Corporation, DCW Limited, Grasmin (Lubrizol) are some of the key players in the CPVC market. To cater the increasing CPVC demand, Lubrizol Advanced Materials and Aditya Birla Group's Grasim Industries have signed to set a 100 kilotons CPVC plant in Vilayat, Gujarat. This plant will be single largest site capacity of CPVC resin production globally. Gujarat-based Epigral Limited (Meghmani Finechem) commissioned India’s largest CPVC plant in Dahej. This new plant is set to have a name plate capacity of around 75 kilotons.
Chlorinated polyvinyl chloride (CPVC)
Chlorinated polyvinyl chloride (CPVC) is a type of thermoplastic produced by the chlorination of polyvinyl chloride (PVC). CPVC is widely used in the Building & Construction industry for the construction of pipes. CPVC pipes are lightweight, flexible, can withstand high temperatures, easy maintenance, resistance to corrosion, etc.
In terms of CPVC demand by grade, it is segmented into injection grade and extrusion grade. Injection grade is dominating the CPVC market owing to its various advantages. Injection grade is a process in which the plastic is placed in a hopper, which releases these pellets from the feed section to the compression section, where frictional heat is generated.
Extrusion is a technique that pushes materials through an exit to create shapes with constant cross-sections such as window sections, drinking straws, pipes, and seals. This method is used to create two-dimensional shapes. Extrusion method requires a constant high temperature in order to keep the machine temperature stable during the extrusion process which makes it the less preferred grade for CPVC.
The CPVC market by application is segmented into Pipes & Fittings and Adhesives. CPVC pipes are used for residential, institutional, and commercial purposes. CPVC pipes are used commercial and industrial places such as HVAC, chemical feeds, softening of water, cooling systems and boiler feed systems.
Asia Pacific is expected to dominate the CPVC market because of the growing urbanization and the rising construction activities in developing countries like China and India. Increasing demand for CPVC pipes in the wastewater treatment plants is anticipated to boost the CPVC market in the forecast years. India is one the largest consumers of CPVC, in the form of plumbing pipes and fittings due to the increasing demand for clean water in residential and commercial buildings, which will boost the CPVC demand in the upcoming years.
Increase in demand for CPVC in various applications
CPVC is widely used in various applications such as pipes & fittings, adhesives & coatings, etc. It is preferred over PVC pipes because of its superior corrosion resistance at high temperatures, chemical resistance, and the ability to bend, weld, shape which enables them to be used in a variety of applications like scrubbers, ventilation systems and tanks.
CPVC pipes are used in various industrial applications where the resistance to corrosive chemicals and high temperatures is needed. Besides pipes, CPVC is also used in strainers, filters, valves, ducts and tower packing. In pressurized systems, it can be used up to 80°C and higher in low-pressure systems. It is used in hot and cold-water systems. CPVC is also used in fire sprinkler systems of commercial and institutional buildings because of the durability, ease of fabrication and faster installation.
High costs of CPVC pipes
High costs of CPVC can hinder the CPVC market. People are preferring PVC pipes for housing wires, drainage, plumbing and sewage infrastructures. PVC pipes are high strength thermoplastic pipes widely used in applications like pipes, wires and cables, hoses, tubings, etc. PVC pipes have similar properties as CPVC pipes such as durable, lightweight, strong, resistant to chemical corrosion, can be a substitute to CPVC pipes which can hinder the CPVC market growth.
Recent Developments in Chlorinated Polyvinyl Chloride Market
Expansion has emerged as a primary growth strategy for CPVC market players, particularly in India. Addressing the soaring CPVC demand, strategic partnerships like the collaboration between Lubrizol Advanced Materials and Aditya Birla Group s Grasim Industries to establish a 100 kilo tons CPVC plant in Vilayat, Gujarat, mark a significant leap in CPVC resin production within the country.
Epigral Ltd., headquartered in Gujarat, is planning a major expansion of its CPVC resin production facility, doubling its capacity from 75 kilo tons to 150 kilo tons. Expected to be completed by FY 2027, this expansion will position the facility as one of the largest CPVC producers globally.
DCW Ltd. recently commissioned its 10 kilo tons expansion line in Tamil Nadu, effectively doubling the company’s total CPVC capacity to 20 kilo tons. Furthermore, the company has invested Rs.140-crore for major expansion of its CPVC production capacity, boosting output from 20 kilo tons to 50 kilo tons. This investment is aimed at meeting the growing CPVC demand like construction, piping and plumbing. The expansion will be carried out in phases, with 20 kilo tons capacity expected to come online by the second quarter of FY26, followed by a further 10 kilo tons by the end of FY26.
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