The North America Chlorinated Polyvinyl Chloride Market would witness market growth of 10.6% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 82.52 kilo tonnes, showcasing a growth of 30.1% (2020-2023).
Chlorinated Polyvinyl Chloride (CPVC) is widely used in pipe and fitting applications due to its excellent properties. CPVC pipes are preferred for hot and cold-water systems in residential, commercial, and industrial buildings, as well as in chemical processing plants. Thus, the Canada market is expected to utilize 23.30 kilo tonnes of CPVC in pipe and fitting application by 2031.
The US market dominated the North America Chlorinated Polyvinyl Chloride Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $590 million by 2031. The Canada market is experiencing a CAGR of 13% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.7% during (2024 - 2031).
It is a versatile thermoplastic material that has gained significant traction across various industries due to its exceptional properties, wide-ranging applications, and numerous advantages over traditional materials.
Moreover, CPVC, a modified polyvinyl chloride (PVC), is created by chlorinating PVC resin to improve its flame-retardant, chemical, and thermal resistance. This makes CPVC appropriate for harsh situations and applications where other materials might not function.
CPVC is used in the automotive industry for various applications, including wire coatings, tubing for fluid transfer systems, and interior components. With Mexico emerging as a significant hub for automotive manufacturing, the demand for CPVC for these applications will likely increase. As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer, with an annual production of 3.5 million passenger vehicles. Out of the total number of vehicles manufactured in Mexico, 88 percent are exported, with 76 percent being allocated to the United States
Free Valuable Insights: The Chlorinated Polyvinyl Chloride Market is Predict to reach USD 3.2 Billion by 2031, at a CAGR of 10.8%
Based on Grade, the market is segmented into Extrusion Grade and Injection Grade. Based on Form, the market is segmented into Powder and Pellet. Based on Sales Channel, the market is segmented into Direct and Indirect. Based on Production Process, the market is segmented into Aqueous Suspension Method, Solid Phase Method, and Solvent Method. Based on Application, the market is segmented into Pipes & Fittings, Fire Sprinkler Systems, Adhesives & Coatings, and Power Cable Casing. Based on End User, the market is segmented into Construction, Electrical & Electronics, Chemical, Agriculture, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Grade (Volume, Kilo Tonnes, USD Bilion, 2020-2031)
By Form (Volume, Kilo Tonnes, USD Bilion, 2020-2031)
By Sales Channel (Volume, Kilo Tonnes, USD Bilion, 2020-2031)
By Production Process (Volume, Kilo Tonnes, USD Bilion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Bilion, 2020-2031)
By End User (Volume, Kilo Tonnes, USD Bilion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Bilion, 2020-2031)
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