Chlorinated Polyvinyl Chloride (CPVC) Market - By Production Process (Solvent, Solid Phase, Aqueous Suspension), By Application (Pipes & Fittings, Fire Sprinklers, Power Cable Housing, Adhesives & Coatings), By Region, Pricing Trend - Global Forecast to 2

Chlorinated Polyvinyl Chloride (CPVC) Market - By Production Process (Solvent, Solid Phase, Aqueous Suspension), By Application (Pipes & Fittings, Fire Sprinklers, Power Cable Housing, Adhesives & Coatings), By Region, Pricing Trend - Global Forecast to 2032

Chlorinated Polyvinyl Chloride (CPVC) Market is expected to expand during 2023-2032 owing to the budding use of CPVC in both residential & non-residential settings for hot & cold-water applications. Chlorinated polyvinyl chloride is a thermoplastic polymer that is more flexible, robust, and resistant to a wider range of temperatures and pressures.

Besides, CPCV offers a flexible, efficient, and safe system with resistance to bacteria building, scaling, and pitting, regardless of the chlorine or water pH levels in residential & commercial plumbing applications that require higher pressure and temperature reliability. CPVC applications are used in restaurants & low-rise office buildings, mid-rise office buildings, shopping malls, schools, colleges, universities, hospitals, medical clinics, medical complexes, apartments, condos, hotels, motels, and high-rise apartments.

Overall, the chlorinated polyvinyl chloride (CPVC) market is segmented in terms of the production process, application, and region.

Based on the production process, the solid phase method will be valued at more than USD 2 billion during the estimated timeframe. The strong demand can be attributed to the solid phase method’s advantages over the aqueous suspension approach such as wastewater discharge, a simple chlorinated polyvinyl chloride (CPVC) product after-treatment system, and reduced apparatus corrosion.

By application, the power cable housing segment is poised to grow considerably through 2032. A significant portion of the CPVC resin produced is used to manufacture high-voltage power cable protective tubes, owing to its increased resistance to temperature & corrosion. Besides, CPVC tubes are considered to be green materials and are gaining strong traction for industrial applications, thus positively influencing segment expansion.

Regionally, the Europe CPVC market will expedite during the next ten years. In fact, the region captured approximately 15.5% market share in 2022. The industry growth will come from the increasing product demand across developing nations, such as Croatia, Georgia, Romania, Ukraine, and others. The rising construction of new buildings & infrastructures would further impel the market dynamics.

According to reports, Europe accounted for the second-largest proportion of the CPVC market. In addition, the demand for CPVC pipes & tubing for various water transportation & power applications will also propel given the increased urbanization and government investments, thus favoring the regional market growth during the coming years.