Global Chlorinated Polyvinyl Chloride (CPVC) Market: Overview
The increasing utilization of CPVP in various applications across diverse industries is likely to boost the growth of the global chlorinated polyvinyl chloride (CPVC) market during the course of forecast period from 2018 till 2026. One of the major applications of CPVC is that it is utilized in the fire sprinklers. Growing safety concern and strict regulation and increasing demand for fire sprinklers across the globe are propelling the growth of this market in the year to come.
The report provides an in-depth analysis of the global chlorinated polyvinyl chloride market over the forecast period. The market drivers and restraining factors are also included in the research report. The study also offers segmental and regional analysis of this market.
On the basis of applications, pipes and fittings are one of the key segment that is likely to dominate the global chlorinated polyvinyl chloride market owing to its growing applications across the globe.
Global Chlorinated Polyvinyl Chloride (CPVC) Market: Trends and Opportunities
The global chlorinated polyvinyl chloride is comparatively low in price when compared to metal pipes. These are some of the major factors positively augmenting towards the growth of the global market. Therefore, several consumers are preferring to use the CPVC pipes and fittings, as they are more durable and effective compared to other available pipes.
In contrast, the high expense associated with the chlorinated polyvinyl chloride pipes for the maintenance and repairing of leakage and damages is another aspect negatively impacting the overall the growth of the CPVC market in the coming years. The brittle nature of the CPVC pipes is another prospect may likely to hamper the growth of this market in the foreseeable future. However, the CPVC exhibits several thermo-mechanical performances and it can be welding, fabricated, machined. Further, it also demonstrates comparatively high resistance to alkalis and acids. These are other factors largely supporting the growth of this market in the upcoming years.
Global Chlorinated Polyvinyl Chloride (CPVC) Market: Regional Analysis
From the geographical point of view, North America is likely to dominate the global chlorinated polyvinyl chloride market owing to its the growing market value. However, other developing economies such as the Asia Pacific are likely to register a promising opportunity due to a growing demand for chlorinated polyvinyl chloride in the aforementioned region during the course of the forecast period. In addition to this, the growing demand in the construction and manufacturing industries for CPVC is another factor positively contributing on the growth of this market in the Asia Pacific region. Moreover, the Asia Pacific market is further trailed by Latin America and CPVC market during the course of the forecast period.
Global Chlorinated Polyvinyl Chloride (CPVC) Market: Companies Mentioned
The prominent players functioning in the global chlorinated polyvinyl chloride are PolyOne Corporation, Shandong Kexing Chemical Co., Ltd., Kem One SAS, Panjin Changrui Chemical Industry Co., Ltd., and The Lubrizol Corporation.The manufacturers are highly focused toward innovation and development of new products in order to expand their footprint across the globe. The key vendors are focusing on strategic partnership in order to gain footprint around the world.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.