Chlorinated Polyvinyl Chloride Market to Garner $8.6 Billion, Globally, By 2031 at 6.5% CAGR, Says Allied Market Research

Drivers, restraints, and opportunities Drivers, restraints, and opportunities Rise in developments in the construction industry, surge in urbanization, and residential construction in developing countries drive the growth of the global chlorinated polyvinyl chloride market. However, high cost associated with cPVC hinders the market growth. On the contrary, surge in demand for waste water treatment and resistance of cPVC against aggressive chemicals during wastewater treatment process would...

PORTLAND, Ore., 08/06/2022 (informazione.news - comunicati stampa - scienza e tecnologia)

Rise in developments in the construction industry, surge in urbanization, and residential construction in developing countries drive the growth of the global chlorinated polyvinyl chloride market. However, high cost associated with cPVC hinders the market growth. On the contrary, surge in demand for waste water treatment and resistance of cPVC against aggressive chemicals during wastewater treatment process would open new opportunities in the future.

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By application, the pipes & fittings segment held the largest share in 2020, accounting for nearly two-fifths of the global chlorinated polyvinyl chloride market, as cPVC products are preferred the most in construction industry. However, the others segment is expected to register the highest CAGR of 7.3% during the forecast period.

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By end user industry, the chemical segment would showcase the highest CAGR of 7.2% from 2021 to 2030, as featured offered by cPVC are superior as compared to substitute products. However, the construction segment held the largest share in 2020, contributing to more than one-third of the global chlorinated polyvinyl chloride market, as cPVC is preferred choice for most use in several products such as cable, casing, and pipes & fittings, and others.

By region, the global chlorinated polyvinyl chloride market across Asia-Pacific held the lion's share in 2020, accounting for more than half of the market. In addition, the region would showcase the highest CAGR of 7.1% from 2021 to 2030, as construction and chemical end-use industry would thrive in the region.

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