Chlorinated Polyvinyl Chloride Market Worth $2.7 Billion by 2028, Driven by Growing Demand in Plumbing Systems Applications
The Chlorinated Polyvinyl Chloride Market is projected to grow from USD 1.6 billion in 2023 to USD 2.7 billion by 2028 at a CAGR of 11.1% during the forecast period. Chlorinated polyvinyl chloride (CPVC) is a specialized thermoplastic material derived by subjecting polyvinyl chloride (PVC) through the chlorination process. In this process, chlorine atoms are introduced into the PVC polymer chain, enhancing its properties, such as chemical resistance, flame-retardant characteristics, and heat resistance. These properties make CPVC efficient and suitable for various applications, including plumbing systems, fire protection, chemical & industrial equipment, power cable casing, adhesives & coatings, and others.
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Major manufacturers in this market are based in Asia Pacific, Europe, and North America The Lubrizol Corporation (US), Sekisui Chemical Co., Ltd. (Japan), Meghmani Finechem Limited (India), Shandong Novista Chemical Co., Ltd. (China), Shandong Pujie Rubber & Plastic Co., Ltd. (China), Kaneka Corporation (Japan), Shandong Yada New Material Co., Ltd. (China), KEM ONE (France), Shandong Xuye New Materials Co., Ltd. (China), DCW Limited (India), Sundow Polymers Co., Ltd. (China), Mitsui & Co., Ltd. (Japan), Shanghai Chlor-Alkali Chemical Co., Ltd. (China), and Shandong Gaoxin Chemical Co., Ltd. (China), and others are among a few leading players operating in the CPVC market. CPVC manufacturers have been adopting various inorganic and organic growth strategies aiming to expand and strengthen their position in the global CPVC market. Some of the strategies include contracts, collaborations, acquisitions, partnerships, and mergers.
The Lubrizol Corporation (US)
Lubrizol Corporation is one of the prominent specialty chemical manufacturers in America. The company is a subsidiary of Berkshire Hathway. It is involved in manufacturing and supplying a variety of specialty chemicals for the industrial, consumer, and transportation markets. Some of the company’s products include additives for industrial lubricants, additives for engine oils, transportation-related fluids, additives for pharmaceuticals, personal care products, and various others. With a global manufacturing and sales network, the company serves its customers in more than 100 countries. The company has 58 manufacturing sites, 40 lab or technical facilities, and 47 sales offices across the world. Some of the company’s offices are in countries such as the UK, Brazil, US, Spain, Germany, Japan, India, Belgium, France, South Korea, and China.
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SekiSui Chemical Co., Ltd. (Japan)
Sekisui Chemical Co., Ltd. manufactures and sells a wide range of industrial chemicals. The company operates through various business segments, namely, Residential, High-performance Plastics, Environmental and Lifeline, and Medical. Through its wide product portfolio, the company serves various end-use industries such as infrastructure, automotive, electronics, and advanced technology fields. Sekisui Chemical Co., Ltd. has a strong global presence with 106 domestic and 83 overseas subsidiaries. The company has expanded across regions such as Europe, North America, South America, and Asia Pacific.
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