Chlorinated Polyvinyl Chloride Market Insights Research Report 2024-2034

 The chlorinated polyvinyl chloride (CPC) market will be valued at US$4,565.6 million in 2024. From 2024 to 2034, the market is projected to grow at a 5.2% CAGR. By 2034, the market is expected to increase in value to US$ 7,974.0 million.

CPC's market is propelled by its wide range of uses, especially in building materials. The polymer's ability to enhance flame retardancy, chemical resistance, and durability in a variety of building products is what drives its appeal; it meets industry standards for high-performance materials and sustains market expansion.

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Businesses in the CPC industry may gain from the rising consumer demand for green products, create innovative new products, and expand their market share through strategic partnerships. The growing emphasis on sustainable practices and the evolving applications of CPC have created chances for businesses to thrive in this dynamic sector.

 

Key Takeaways from the Market Study

·         Gas-insulated transmission line sales were projected to reach US$ 3,697.5 million in 2019.

·         By 2024, North America is predicted to have a 20.8% market share.

·         By 2024, East Asia is anticipated to have 40.2% of the market.

·         It is anticipated that the US market will be valued US$ 735.0 million in 2024, and the market share will rise to 77.4%.

·         By 2024, the market for chlorinated polyvinyl chloride in China is expected to be valued US$ 1,060.8 million. It is projected that the market would achieve a 57.8% market share in the same year.

·         By 2024, the Injection Molding category will hold 58.4% of the market.

 “One of the main factors propelling the market for CPC is the widespread use of chlorinated polyvinyl chloride in building materials. Because it is a versatile polymer, CPC makes a variety of building supplies more durable and resistant to chemicals, which helps to maintain the industry's continuous growth,” remarks a Fact.MR analyst.

Key Companies Profiled in This Report

  • Jiangsu Tianteng Chemical Industry Co. Ltd.
  • DCW Ltd
  • KEM ONE
  • KANEKA CORPORATION
  • Shandong Pujie Plastic and Rubber Co. Ltd.
  • PolyOne Corporation
  • Sundow Polymers Co. Ltd.
  • Grasim Industries Limited
  • Shandong Repolyfine Additives Co. Ltd.
  • Shriram PolyTech

Competitive Landscape

In an attempt to boost earnings, companies in the worldwide market for chlorinated polyvinyl chloride (CPC) are taking calculated risks. This means focusing on product innovation in order to meet the diverse needs of the company, expanding their market share via mergers and acquisitions, and optimizing manufacturing processes in order to reduce expenses.

Businesses are also emphasizing sustainability measures in order to adhere to environmental regulations and meet the growing demand for eco-friendly solutions. Organizations in the CPC sector work to grow their market share and achieve financial success by maintaining flexibility, adapting to shifting market dynamics, and holding onto a competitive edge in terms of innovation and quality.

Product Portfolio

·         The 10,000 MT Chlorinated Polyvinyl Chloride (CPVC) expansion project at the Sahupuram Plant in Tamilnadu was completed and put into service by DCW Ltd. in 2023. The company plans to commercialize the extra quantities and progressively increase production. This expansion has resulted in a 20,000 MT total production capability for the company's CPVC Division.

·         The opening of Kem One's ethylene storage tank, the location of its next membrane electrolysis unit, and the Alcor, one of its two hybrid-powered barges, were celebrated in 2023 at the company's industrial site in Fos-sur-Mer. For these three initiatives, the company's partners and employees joined forces with the municipal authorities in the Southern Region. Kem One has recently undertaken significant projects centered on the Fos-sur-Mer site, with completed or ongoing strategic investments over €200 million.

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More Valuable Insights Available

Fact.MR offers an unbiased analysis of the global chlorinated polyvinyl chloride, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the chlorinated polyvinyl chloride market, the market is segmented on the basis of grade (injection moulding, extrusion moulding), application (pipes & fittings, cables, adhesives & coatings, others) and region (North America, Europe, Latin America, East Asia, South Asia & Oceania, Middle East & Africa).

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