Global Chlorinated Polyvinyl Chloride Market 2019-2026 to reach USD 4.69 Bn by 2026

Significant applications of chlorinated polyvinyl chloride pipe fittings in residential sector drive the global market growth.The global chlorinated polyvinyl chloride market was valued at USD 2.23 billion in 2018 and is expected to reach USD 4.69 billion in 2026, growing at a CAGR of 9.5% during the forecast period.

The global chlorinated polyvinyl chloride market is expected to grow at a significant growth during the forecast period. Chlorinated polyvinyl chloride is a thermo plastic developed to meet the need for easy-to-use corrosion-resistant pressure piping at higher temperatures. This severe service demonstrated chlorinated polyvinyl chloride's resistance to high temperature and corrosion, qualities which have made it an appropriate solution for domestic hot and cold-water supply systems. Chlorinated polyvinyl chloride easily withstands water temperatures up to 180 degrees F at working pressures of 100 psi. In addition, tests at 210 degrees F and 105 psi indicate an ample safety factor in the event of water heater malfunction. Therefore, it is highly preferred in hot and cold water supply systems. For the average house, where water pressures are 50 psi or higher, 3/4-inch chlorinated polyvinyl chloride pipe is normally adequate for main supply lines and 1/2-inch pipe for branches and risers to fixtures.

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Along with this, with many other pipe materials, slight corrosion may occur. The corroded particles can contaminate the piped fluid, complicating further processing, or causing a bad taste, odours, or discoloration. This is particularly undesirable when the piped fluid is for domestic consumption. With chlorinated polyvinyl chloride, there are no corrosive by-products; therefore, no contamination of the piped fluids. Moreover, the installed cost of chlorinated polyvinyl chloride is much lower than any other water supply pipe material and it has consistently shown better price stability and availability since its introduction. These are some of the major factors that propel the demand for chlorinated polyvinyl chloride piping systems in residential sector.

Key Findings:

• Based on the process, the solvent method segment is expected to grow at the highest CAGR of around 12.1% during the forecast period.
• Based on the application, the pipe and pipe fittings segment is accounted for the largest share in the market and held for around 42% of the total market in 2018.
• North America accounted for around 33% share of the global chlorinated polyvinyl chloride market in 2018.

Recent News

• In May 2019, The Lubrizol Corporation announced the addition of FlowGuard MultiPort in its FlowGuard Gold chlorinated polyvinyl chloride plumbing systems family.
• In February 2017, The Lubrizol Corporation signed a partnership agreement with FinOlex Industries Limited. Through this agreement, the companies will manufacture and sale FinOlex FlowGuard Plus chlorinated polyvinyl chloride pipes and fittings in India.