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The CPVC pipe market size is estimated to grow at a CAGR of 12.57% between 2023 and 2028. The market size is forecast to increase by USD 5.23 billion. The growth of the market depends on several factors, including the rising middle-class population, the increased emphasis on water management, and the growing use of CPVC pipe in fire sprinkler systems.
The report includes a comprehensive outlook on the CPVC pipe market, offering forecasts for the industry segmented by Application, which comprises hot fire sprinkler systems, hot and cold water distribution, wastewater treatment, chemical processing, and others. Additionally, it categorizes Type into schedule 40 CPVC pipe and schedule 80 CPVC pipe, and covers Geography regions, including APAC, North America, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Chlorinated polyvinyl chloride (CPVC) pipe is a type of thermoplastic pipe and fitting material made by the chlorination of polyvinyl chloride (PVC) resin through a free radical chlorination reaction. The chlorination process enhances the CPVC pipes resistance to heat and chemical degradation, making CPVC suitable for a variety of applications, particularly those involving hot water transport.
Increased emphasis on water management is the key factor driving market growth. CPVC pipes are known for their smooth interior surface, which enables efficient water flow. CPVC pipes used in water distribution systems help to minimize friction losses and ensure the effective delivery of water to end-users. CPVC pipes are resistant to scaling and corrosion, making them ideal for use in water management systems. The durability and longevity of CPVC pipes contribute to their suitability in water management applications.
Moreover, in agriculture, where efficient water usage is important, CPVC pipes find applications in irrigation systems. Their resistance to corrosion and ease of installation make them suitable for agricultural water management. In industrial locations, where water is used for various processes, CPVC pipes are valued for their chemical resistance. Consequently, the raised focus on water management will drive the growth of the market during the forecast period.
Increasing demand for sustainable building materials is the primary trend shaping market growth. CPVC manufacturers may be required to focus on the environmental benefits of CPVC, including recyclability, low toxicity, and energy-efficient production processes. The recyclability of CPVC is a key consideration. Manufacturers may analyze and encourage recycling initiatives for CPVC pipes to align with the circular economy principles and address concerns related to plastic waste. Sustainable building materials are anticipated to be produced using energy-efficient processes.
Moreover, CPVC pipes, known for their smooth interior and resistance to scaling, can contribute to water efficiency in plumbing systems. Durability and longevity are essential parts of sustainability. CPVCs' resistance to corrosion and degradation contributes to the long service life of piping systems, aligning with the preference for materials that reduce the need for replacements. Hence, the rising demand for sustainable building materials will drive the growth of the global CPVC market during the forecast period.
Fluctuations in raw material prices of CPVC pipe is a challenge that affects market growth. When raw material prices are high, CPVC pipe products can be less price-competitive compared to alternative insulation materials. This can influence the purchasing decisions of builders and contractors. Rapid fluctuations in raw material prices can disrupt the CPVC pipe supply chain. Additionally, CPVC pipe manufacturers may pass on higher raw material costs to consumers in the form of higher prices. This could make his CPVC pipes cheaper for some consumers.
In addition, manufacturers may need to invest in research and development to identify alternative raw materials and production processes that can reduce the impact of price fluctuations. This requires additional resources and expertise. For long-term contracts, fluctuations in raw material prices may require renegotiation between manufacturers and suppliers, impacting supply agreements. Therefore, these factors hinder the growth of the global CPVC pipes market during the forecast period.
The market share growth by the hot sprinkler systems segment will be significant during the forecast period. CPVC has a higher temperature resistance compared with standard PVC. CPVC pipes can handle elevated temperatures typically associated with hot fire sprinkler systems. CPVC is naturally fire-resistant and has a higher ignition temperature than traditional PVC. This makes it a proper material for use in fire sprinkler systems where fire resistance is necessary.
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The hot sprinkler systems segment accounted for USD 1.40 billion in 2017. CPVC is susceptible to corrosion, which is important for maintaining the integrity of the piping system over time. CPVC is resistant to a variety of chemicals, which is helpful in fire sprinkler systems where the water may contain additives or be treated. CPVC is usually a cost-effective alternative to traditional metal pipes in fire sprinkler systems. The material itself is relatively affordable, and its ease of installation can contribute to overall cost savings. Thus, such factors will drive the growth of the hot sprinkler systems segment of the market
Based on type, the schedule 40 CPVC pipe segment will account for the largest share of this segment.? Schedule 40 CPVC pipes are usually employed for potable water distribution in residential, commercial, and industrial buildings. Schedule 40 CPVC pipes are suited for both hot and cold water lines, making them adaptable for different plumbing applications. Schedule 40 CPVC pipes are resistant to many chemicals, acids, and bases, making them appropriate for use in chemical processing plants. Schedule 40 CPVC pipes find use in various industrial applications, including the transportation of process fluids and chemicals in manufacturing plants. Therefore, such factors will drive the growth of the schedule 40 CPVC pipe segment, which will propel the growth of the global CPVC pipe market during the forecast period.
APAC is estimated to contribute 57% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The APAC region is experiencing rapid urbanization, with a substantial influx of people into urban areas. This trend drives the construction of residential and commercial buildings, fueling the demand for CPVC pipes for plumbing and infrastructure development. In addition, the construction industry in APAC is undergoing a boom, driven by factors such as population growth, increasing disposable income, and government initiatives. CPVC pipes are widely used in construction for plumbing, HVAC systems, and other applications. Furthermore, the rising focus on renewable energy projects, such as solar water heating systems, makes possibilities for the use of CPVC pipes in such applications. Therefore, such factors will drive the growth of the CPVC pipe market in the APAC region during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Ajay Industrial Corp. Ltd., Aliaxis Group SA, Charlotte Pipe and Foundry Co., Cresline Plastic Pipe Co. Inc., DHY Trading Corp., Finolex Industries Ltd., Georg Fischer Ltd., Johnson Controls International Plc, Minimax Viking GmbH, Ori Plast Ltd., Prince Pipes and Fittings Ltd., Skipper Ltd., Spears Manufacturing Co., The Lubrizol Corp., The Supreme Industries Ltd., Utkarsh India Ltd., Wavin BV, Genova Products Inc., and Jain Irrigation Systems Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2018-2028.
CPVC Pipe Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.57% |
Market Growth 2024-2028 |
USD 5.23 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
11.53 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 57% |
Key countries |
US, China, India, Australia, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ajay Industrial Corp. Ltd., Aliaxis Group SA, Astral Ltd., Charlotte Pipe and Foundry Co., Cresline Plastic Pipe Co. Inc., DHY Trading Corp., Finolex Industries Ltd., Georg Fischer Ltd., Johnson Controls International Plc, Minimax Viking GmbH, Ori Plast Ltd., Prince Pipes and Fittings Ltd., Skipper Ltd., Spears Manufacturing Co., The Lubrizol Corp., The Supreme Industries Ltd., Utkarsh India Ltd., Wavin BV, Genova Products Inc., and Jain Irrigation Systems Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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