Chlorinated Polyvinyl Chloride Market Share, Size 2031

Coverage: Chlorinated Polyvinyl Chloride Market covers analysis By Process (Solvent Method, Solid-Phase Method, Aqueous Suspension Method, and Others), Grade (Injection Grade, Extrusion Grade, and Others), Application (Pipe and Fitments, Fire Sprinkler Systems, Power Cable Casing, Coatings And Adhesives, and Others)

  • Report Code : TIPRE00003675
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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Analyst Perspective 

The global chlorinated polyvinyl chloride market will register a CAGR of ~11%. The chlorinated polyvinyl chloride market is driven by various factors, including the thriving construction industry, CPVC's inherent advantages over traditional materials, and its growing demand in specific sectors. CPVC is recyclable and has a longer lifespan than many other materials. This aligns with the growing focus on sustainability in the construction and manufacturing sectors, potentially boosting demand for CPVC as an environmentally conscious choice. The growing construction industry and technological advancements are significant opportunities for growth in the chlorinated polyvinyl chloride market. Environmental concerns, competition from alternatives, and price volatility are significant challenges that may hamper the growth of the chlorinated polyvinyl chloride market.

Market Overview

Chlorinated polyvinyl chloride (CPVC) is a specialized form of PVC with added chloride, known for its strength, heat, and corrosion resistance. Its versatile thermoplastic is used mainly in making pipes and fittings. CPVC supports heavy wire loads and is employed in electrical products like conduits, busbars, lighting fixtures, and electronic parts for homes and offices. CPVC is also gaining traction in other sectors like chemical processing, oil and gas, and agriculture. Its high resistance and ability to withstand high temperatures make it suitable for conveying corrosive fluids and handling hot water applications. The growing demand for fire sprinkler systems and industrial coatings further propels the CPVC market. With the continuous advancements in production processes and increasing awareness of its benefits, CPVC is poised for continued growth in the forecasted period.

Market Drivers

  • Booming Construction Industry

The global construction industry is on an upswing, fuelled by rapid urbanization, infrastructure development, and rising disposable income, which has increased demand for building materials, including CPVC pipes and fittings. CPVC's superior qualities, like corrosion resistance, flame retardancy, and ease of installation, make it a preferred choice for plumbing systems in residential, commercial, and industrial buildings.

  • Advantages over traditional materials

CPVC offers several advantages over traditional materials like metal and galvanized steel pipes. It is lighter, easier to handle, and has better resistance to corrosion and chemicals, which makes CPVC a cost-effective and long-lasting solution for various plumbing adoption, leading to its increased adoption.

Market Segmentation

The chlorinated polyvinyl chloride market is segmented based on process, grade, and application. The chlorinated polyvinyl chloride market is segmented based on process solvent, solid-phase, aqueous suspension, and others. Based on the grade, the market is segmented into injection, extrusion, and others. Based on application, the market is segmented into pipe and fitments, fire sprinkler systems, power cable casing, coatings and adhesives, and others

REGIONAL FRAMEWORK

The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global chlorinated polyvinyl chloride market based on several segments. It also provides market size and forecast estimates from 2020 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The chlorinated polyvinyl chloride market by region is also sub-segmented by respective countries and segments. The chlorinated polyvinyl chloride market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.

The report analyses factors affecting the chlorinated polyvinyl chloride market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' chlorinated polyvinyl chloride market.

World Geography
Strategic Insights

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MARKET PLAYERS

The reports cover vital organic and inorganic growth strategy developments in the chlorinated polyvinyl chloride market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The chlorinated polyvinyl chloride market players are anticipated to have lucrative growth opportunities with the global market's rapid urbanization and infrastructure development.

The report includes key companies' profiles, SWOT analysis, and chlorinated polyvinyl chloride market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.

Below is a list of companies engaged in the chlorinated polyvinyl chloride market.

  • Shintech
  • IPEX
  • Kaneka Corporation
  • KEM ONE
  • PolyOne
  • Shandong
  • The Lubrizol Corporation
  • Sekisui Chemicals
  • Meghmani Finechem
  • DCW Ltd
chemicals-and-materials
Research Criteria
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1. BASF SE
2. Jiangsu Tianteng Chemical Industry Co., Ltd.
3. KANEKA CORPORATION
4. KEM ONE
5. Panjin Changrui Chemical Industry Co., Ltd.
6. PolyOne
7. SEKISUI CHEMICAL CO.,LTD
8. Shandong Kexing Chemicals Co., Ltd.
9. Shandong Tianchen Chemical Co., Ltd. (Shandong Huayuan Group)
10. The Lubrizol Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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