Global Chlorinated Polyvinyl Chloride Market report published by Accurize Market Research forecast that the global market is expected to reach $4 billion by 2025; growing at a CAGR of 10.4% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Growing usage of fire sprinklers around the world and inclination towards usage of cost effective and durable CPVC pipes & fittings across the globe to drive the growth of the market
Growing usage of fire sprinklers around the world, and inclination towards usage of cost effective and durable CPVC pipes & fittings fuel the demand for the global chlorinated polyvinyl chloride market.Furthermore,increasing use of CPVC in numerous applications among various industries also boosts the growth of the market.
The global chlorinated polyvinyl chloride market has been bifurcated on the basis of product, process, application, and geography. Product includes injection grade and extrusion grade. By process, market is categorized into solvent method, aqueous suspension method, and solid-phase method. Application includes pipe & fitments, power cable casing, fire sprinkler systems, and coatings and adhesives.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Top players in the market
The key market players include BASF SE, Kaneka Corporation, Sekisui Chemical Co., Ltd., Shandong Xiangsheng New Materials Technology Co., Ltd., Lubrizol Corporation, KEM ONE, Novista Group, Hangzhou Electrochemical Group Co., Ltd, Shandong Yada New Material Co., Ltd, Jiangsu TiantengChemical Industry Co., Ltd., among others.