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Chlorinated polyvinyl chloride is obtained after chlorination of polyvinyl chloride. It is chlorinated by a rocess of chlorination in which the chlorine amount differs among different producer . It is a polymer with the characteristics of a thermoplastic and has outstanding resistance to corrosion. It also demonstrates fairly high thermal stability. It possesses comparatively higher acid and alkali tolerance. Chlorinated polyvinyl chloride has great results in thermo-mechanical processes and can be shaped, assembled and welded.
The growing use of CPVP in various applications across various industries is likely to fuel the growth of the global demand for chlorinated polyvinyl chloride. One of CPVC's main applications is its use in the fire sprinklers. Growing safety issues and strict regulation and growing fire-sprinkling demand across the globe are boosting the growth of this market.
However, the rising price of sustaining and fixing leaks and harm involved with the chlorinated polyvinyl chloride pipes is another factor that negatively impacts the growth of the CPVC market.
Key Market Driver -
Increase application in various industries along with strict government regulations drives the market.
Key Market Restraint -
High costs and maintenance charges restrict the market growth
Based on process, the market for chlorinated polyvinyl chloride (cpvc) pipes is further segmented into solvent method, solid-phase method, aqueous suspension method, and other. Based on application, the market for chlorinated polyvinyl chloride pipes is further segmented into pipe & fitment, fire sprinkler system, power cable casing, coatings and adhesives. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global chlorinated polyvinyl chloride (cpvc) pipes market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the chlorinated polyvinyl chloride (cpvc) pipes market The Lubrizol Corporation, Sekisui Chemical Co., Ltd., Basf Ag, Kem One Sas, Kaneka Corporation, Polyone Corporation, Jiangsu Days Teng Chemical Co., Ltd, Shandong Kexing Chemical Co., Ltd., Shandong Tianchen Chemical Co., Ltd., Panjin Changrui Chemical Industry Co., Ltd. And Others.
In terms of Geography, the chlorinated polyvinyl chloride (cpvc) pipes market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global chlorinated polyvinyl chloride market owing to its the growing demand and sales output in the region. The CPVC shows many thermo-mechanical outputs and it can be welded, assembled, machined and it has expanded use in various end-user applications. There are other factors that will primarily fuel this market's development in the coming years. Asia Pacific is experiencing a steady growth due to elevated demand for chlorinated polyvinyl chloride. Furthermore, CPVC's rising demand in the building and industrial sectors contributes strongly to this market's growth in the Asia Pacific region. The growth of this area can also be attributed to big consumption and considerable number of manufacturers in the region. Owing to the favorable economic environment and the emergence of many domestic producers, Europe holds a competitive market share. The growing use of CPVP in various applications across different sectors is likely to fuel the expansion of the market demand for chlorinated polyvinyl chloride (CPVC) in the Middle East and African regions over the projected time span.The influence of tight regulations by the governments has effected the growth in Latin America.
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