Chlorinated Polyvinyl Chloride Market Forecast 2035: Trends & Competition
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The production capacity of Chlorinated Polyvinyl Chloride (CPVC) was 871.52 thousand tonnes in 2021 and is forecast to grow in the upcoming years. This can be attributed to the growth factors like rising urbanization and an increase in residential construction activities that will majorly contribute to the growing chlorinated polyvinyl chloride market. Also, chlorinated polyvinyl chloride is used in fire sprinkler systems. Due to its durability, ease of fabrication and installation, and speed, it is commonly utilized in commercial and institutional structures. More focus on R&D of CPVC CPVC is manufactured by chlorination of PVC polymer, thereby raising the chlorine content from 56% to around 66%. Technology licensing for CPVC resin & compound manufacturing is controlled by Lubrizol, Arkema, Kaneka, and Hanwha Corporation. As mentioned above, companies patent the technology, focusing more on development in this area since competition is low, so the emergence of new p...