Global PVC Solvent Cement Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030
PVC Solvent Cement is a kind of adhesive usually used to join PVC pipes and fittings. PVC solvent is a fast-acting adhesive that works by chemically bonding the PVC surfaces together. When it is applied to the joint, the solvent cement rapidly softens and dissolves the surface of the PVC by creating a strong bond between the two pieces.
Market Overview:The latest research study on the global PVC Solvent Cement market finds that the global PVC Solvent Cement market reached a value of USD 469.64 million in 2023. It’s expected that the market will achieve USD 658.43 million by 2029, exhibiting a CAGR of 5.79% during the forecast period.
Arkema acquires Arc Building Products in Ireland, specialized in construction adhesives and sealants December 13, 2023
With the planned acquisition of Arc Building Products, Arkema will strengthen its position in Ireland’s growing construction adhesives market with a broader range of solutions and a local manufacturing footprint.
The Irish manufacturer Arc Building Products specializing in tile adhesives, floor preparation systems, building chemicals and sealing & bonding solutions, has built a solid position in the Irish market, delivering first-class system solutions with a strong emphasis on customer service. It delivers around €15 million in annual sales, with a production facility in Arklow, Co. Wicklow, Ireland.
Building on its strong position in Ireland for over 60 years, Bostik is poised to leverage significant industrial and commercial synergies through this planned acquisition. By integrating Arc’s product range, Bostik will expand its portfolio of high value-added solutions for the growing Irish construction market, driven by increasing needs for sustainable housing and renovation. Bostik will also invest significantly in the Arklow site to increase the local production of its solutions.
Increased demand in downstream markets
Plastic (PVC) pipes offer significant cost savings compared to traditional metal or concrete piping systems because they require less maintenance throughout their service life. Plastic (PVC) pipes are widely used in water supply, sewage and irrigation industries because of their lower cost, ease of installation and corrosion resistance. Because PVC pipes have many advantages, PVC pipes are popular among people. PVC pipes are mainly used in industrial pipes and fittings, water supply, drainage, sewage and other fields. Because CPVC pipes are cheaper, more durable, waterproof and wear-resistant than steel pipes. As a result, CPVC pipes and fittings are rapidly gaining popularity in corrosive and high-temperature applications. PVC Pipe and C-PVC Pipe and Fittings are the downstream application industries of PVC Solvent Cement. Therefore, the growth of the PVC and C-PVC Pipe and Fittings market drives the demand for PVC Solvent Cement, which in turn promotes the growth of the PVC Solvent Cement market.
Threat of substitutes
Due to temperature changes, CPVC Solvent Cement has higher performance than PVC Solvent Cement, regular PVC Solvent Cement cannot be used effectively with CPVC due to the difference in molecular composition. CPVC Solvent Cement is a cement specially designed for this purpose. Transition or universal cement can be used to bond different PVC pipes, such as PVC to ABS. The connection of different pipes will not produce strong chemical reactions and will not produce toxic fumes. The presence of competing products such as CPVC Solvent Cement and transitional Solvent Cement is hindering the growth of the PVC Solvent Cement market.
Region Overview:In 2022, the share of the PVC Solvent Cement market in Europe stood at 24.60%.
North America dominated the PVC Solvent Cement market in 2022, with a market share of 25.98%.
Company Overview:IPS Corporation is one of the major players operating in the PVC Solvent Cement market, holding a share of 12.93% in 2023.
IPS Corporation, Bostik (Arkema), Oatey , Unecol and Griffon (Bolton Adhesives) are the five key players in the global PVC Solvent Cement market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global PVC Solvent Cement market in the past 5 years.
Segmentation Overview:By type, Medium Bodied PVC Cement segment accounted for the largest share of market in 2022.
Among different product types, Medium Bodied PVC Cement segment is anticipated to contribute the largest market share in 2028.
Application Overview:By application, the Rigid PVC and C-PVC Pipe and Fittings segment occupied the biggest share from 2018 to 2022.
The market's largest segment by application is the segment Rigid PVC and C-PVC Pipe and Fittings, with a market share of 81.54% in 2022.
Key Companies in the global PVC Solvent Cement market covered in Chapter 3:IPS Corporation
DISHA
E-Z Weld
NeoSeal Adhesive
Kenon Adhesives Pvt. Ltd.
Bostik (Arkema)
Griffon (Bolton Adhesives)
Finolex Pipes
Comer Spa
Unecol
Adon Chemical
Oatey
HP Group
Karan Polymers Pvt. Ltd
In Chapter 4 and Chapter 14.2, on the basis of types, the PVC Solvent Cement market from 2019 to 2030 is primarily split into:Regular Bodied PVC Cement
Medium Bodied PVC Cement
Heavy Bodied PVC Cement
Extra Heavy Bodied PVC Cement
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PVC Solvent Cement market from 2019 to 2030 covers:Rigid PVC and C-PVC Pipe and Fittings
Flexible PVC Pipe and Fittings
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)