Global Chlorinated Polyvinylchloride (CPVC) Market Overview:
Chlorinated polyvinyl chloride (CPVC) is a white or pale yellow non-toxic grain or powder. It is a thermoplastic resin produced by chlorination of polyvinyl chloride (PVC) resin. It is mainly used as a raw material for hot water supply piping, industrial use, and sprinklers, and requires heat resistance. High-rise buildings such as offices, residence halls, churches hospitals, and numerous other facilities boosts the chlorinated polyvinylchloride (CPVC) market growth.
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Growing Awareness of Recycling Plastics among Consumer
Market Growth Drivers:
Increasing Application of Chlorinated Polyvinylchloride (CPVC) in Various Industries and High-Rise Buildings Such as Offices, Residence Halls, Churches Hospitals, and Numerous other Facilities
Soaring Raw Material Costs Unprecedented Supply of Chlorinated Polyvinylchloride (CPVC) and Shortage of Labour
High Cost and Maintenance Charges and Availability of Low-Cost Plastic Commonly Used as an Alternative Material
Growing Demand for Eco-Friendly Material and Increasing Awareness towards Environment
Chlorinated Polyvinylchloride (CPVC) is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Shandong Xiangsheng New Materials Technology Co., Ltd. (China), Sundow Polymers Co., Ltd. (China), Via Chemical Co., Ltd., Astral Limited. (India), Grasim Industries Limited (India), Dcw Ltd., Kaneka Corporation (Japan), Polyone Corporation (United States), Reliance Industries Ltd. (India), Lubrizol India Pvt. Ltd. (India) and Sushila Parmar International Pvt. Ltd. (India). Considering Market by , the sub-segment i.e. will boost the Chlorinated Polyvinylchloride (CPVC) market.
Latest Market Insights:
In June 2023, Grasim Industries' Lubrizol partnered with India's largest CPVC resin plant. To meet the growing demand for chlorinated polyvinyl chloride pipes and fittings in India, Lubrizol Advanced Materials, a manufacturer of CPVC compounds, and Grasim Industries, a flagship company of the Aditya Birla Group, has agreed to finalize a plant to manufacture and supply CPVC resins in India.
In March 2023, Astral obtained a CPVC pipe manufacturing license from the Bureau of Indian Standards for its Cuttack plant. Chlorinated polyvinyl chloride (CPVC) pipe has the advantages of high-temperature resistance and corrosion resistance. CPVC pipe is used in chemical pipelines, storage tanks, and other equipment.
What Can be Explored with the Chlorinated Polyvinylchloride (CPVC) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Chlorinated Polyvinylchloride (CPVC) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Chlorinated Polyvinylchloride (CPVC)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Chlorinated Polyvinylchloride (CPVC) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Chlorinated Polyvinylchloride (CPVC) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Chlorinated Polyvinylchloride (CPVC) Manufacturer, Supplier and R&D Specialist.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.