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Global CPVC Pipes And Fittings Market Size By Type (CPVC Pipe, CPVC Fitting), By Application (Fire Sprinkler Systems, Waste Water Treatment), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global CPVC Pipes And Fittings Market Size By Type (CPVC Pipe, CPVC Fitting), By Application (Fire Sprinkler Systems, Waste Water Treatment), By Geographic Scope And Forecast

CPVC Pipes And Fittings Market Size And Forecast

CPVC Pipes And Fittings Market size was valued at USD 1491.9 Million in 2024 and is projected to reach USD 3407.6 Million by 2031, growing at a CAGR of 12.52% from 2024 to 2031.

Chlorinated polyvinyl chloride pipe, or “CPVC pipe,” is a plumbing material made of highly durable thermoplastic CPVC. Chlorinated polyvinyl chloride (CPVC) is a non-toxic, white, or light yellow loose grain or powder. PVC pipes and fittings are used in both innovative construction and renovation projects. As the global population grows, so does the supply of PVC pipes and fittings. The Global CPVC Pipes And Fittings Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global CPVC Pipes And Fittings Market Definition

PVC (polyvinyl chloride) that has been chlorinated using a free radical chlorination reaction is recognized as CPVS. In a water slurry or fluidized bed chlorination process, chlorine is added to PVC to form CPVC. Ultraviolet light begins the chlorination reaction. The chlorinated PVC is combined with the components necessary for the desired properties for further processing. The addition of chlorine to PVC enhances CPVC’s temperature performance as well as its fire and corrosion resistance.

For its low cost, high heat distortion temperature, chemical inertness, and outstanding mechanical, dielectric, flame, and smoke characteristics, chlorinated polyvinyl chloride (CPVC) became an important engineering thermoplastic. The rapid pace of industrialization and the rise in urban settlements have largely altered the contours of the CPVC Pipes And Fittings Market. The increase in supply for maintenance work on aging public infrastructure in developing countries in recent years has also enhanced market sales. Homeowners prefer plumbing work that is long-lasting and innovative.

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Global CPVC Pipes And Fittings Market Overview

The global construction industry has grown at a rapid pace. The primary reasons for the construction industry’s growth are whole population growth, rapid economies such as China and India, and rising per capita income in emerging markets. The rising use of CPVC pipe in new infrastructure due to its mechanical and chemical properties can provide a lucrative potential growth for CPVC pipe and fittings in the construction industry.

Moreover, a growing number of water treatment plants worldwide is expected to propel the growth of the CPVC Pipes And Fittings Market over the forecast period. Moreover, PVC pipes and fittings are used in the new construction as well as in the renovation structures. The demand for PVC pipes and fittings is rising as the global population grows. The market for PVC pipes and fittings is rising as a replacement for existing iron and steel pipes and fittings due to many drawbacks such as corrosion, heavyweight, and the increased price of steel and iron pipes and fittings.

The market for PVC pipes and fittings is growing because PVC pipes and fittings can withstand higher temperatures without rusting or degradation. Some manufacturing chemicals react with iron, copper, steel pipes and fittings, and other metals. Some factors may hamper the growth of the CPVC Pipes And Fittings Market. One of the factors that may inhibit the growth of the global CPVC Pipes And Fittings Market is that the long-term use of PVC pipes for the supply of drinking water may be hazardous, as the taste of the water can be as bad as the taste of the PVC pipes.

Another limitation is that the disposal of PVC pipes and fittings emits greenhouse gases that cause pollution. The increasing use of CPVC pipe in new infrastructure due to its mechanical and chemical properties can provide a lucrative growth opportunity for CPVC pipe and fittings in the construction sector. Furthermore, a growing number of water treatment plants worldwide is expected to propel the growth of the CPVC Pipes And Fittings Market during the forecast period.

Global CPVC Pipes And Fittings MarketSegmentation Analysis

The Global CPVC Pipes And Fittings Market is Segmented on the Basis of Type, Application, And Geography.

CPVC Pipes And Fittings Market, By Type

  • CPVC Pipe
  • CPVC Fitting

To Learn More By Type-

Based on Type, The market is segmented into CPVC Pipe and CPVC Fitting. CPVC Pipe accounted for the largest market share in 2019. The increasing applications of CPVC pipes in chemical processing, industrial manufacturing, wastewater treatment, and hot & cold-water distribution is another factor that is triggered the growth of the market.

CPVC Pipes And Fittings Market, By Application

  • Fire Sprinkler Systems
  • Waste Water Treatment
  • Hot And Cold-Water Distribution
  • Chemical Processing
  • Others

To Learn More By Application-

Based on Application, The market is segmented into Fire Sprinkler Systems, Waste Water Treatment, Hot And Cold-Water Distribution, Chemical Processing, and Others. Fire Sprinkler Systems accounted for the largest market share in 2019. Furthermore, increasing acceptance of the fire sprinkler system in manufacturing, oil & gas, energy & power, mining, and transportation is another factor that has triggered the market growth.

CPVC Pipes And Fittings Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

To Learn More By Geography-

On the basis of Geography, The CPVC Pipes And Fittings Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific is expected to hold the largest market share of the CPVC Pipes And Fittings Market over the forecast period followed by North America. The rising adoption of CPVC pipe & fitting in the wastewater treatment plant and the presence of chemical companies such as Bayer CropScience Ltd., P I Industries Ltd., and Atul Ltd. in the Asia Pacific region is a major factor that has triggered the market growth.

Key Players

The “Global CPVC Pipes And Fittings Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Supreme Industries Limited, Finolex Industries Limited, Astral Poly Technik Limited, Viking Group, Charlotte Pipe, Gf Piping Systems, Aliaxis, Johnson Controls, The Lubrizol Corporation, Nibco Inc., Spears Manufacturing Company, and Others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• VIKING GROUP acquired the NIBCO’s CPVC business, the leading provider of fitting, valves, and flow control products. Under the Viking Plastic Business, it covers all the product range of BlazeMaster CPVC fittings for the fire sprinkler systems produced by NIBCO.

• Charlotte Pipe launched the mobile app named ChemGuide to facilitate the information on the chemical resistivity of CPVC Thermoplastic piping. The app includes more than 2,300 chemical resistance recommendations, which n response enhanced the operational performance of the systems.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Million)

Key Companies Profiled

Supreme Industries Limited, Finolex Industries Limited, Astral Poly Technik Limited, Viking Group, Charlotte Pipe, and Others.

Segments Covered

• By Type• By Application• By Geography

Customization scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Research Methodology of Market Research

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )