CPVC Pipe & Fittings Market Size, Share, and Industry Analysis By type (CPVC Pipe and CPVC Fitting) By Application (Hot and Cold Water Distribution, Waste Water Treatment, Chemical Processing, Fire Sprinkler Systems, and Others), Regional Forecast (2022-2027)

REPORT OVERVIEW

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The global CPVC pipe & fittings market size was USD 1,081.8 million in 2020. The COVID-19 pandemic has negatively affected the global market. The pandemic is expected to generate a negative demand shock in the upcoming years. As per our analysis, the market is expected to touch USD 2,222.6 million by the end of 2027, exhibiting a CAGR of 10.8% during the forecast period. The sudden rise in CAGR is ascribable to the market's growth and demand returning to pre-pandemic levels once the COVID-19 pandemic is over. 

CPVC pipe & fittings are formed by adding chlorine in a fluidized or water slurry chlorination process to PVC. It improves the pipe's corrosion resistance and boosts its strength drastically. The material can resist higher temperatures and show excellent sustenance against heat. It is extremely cost-effective and possesses superior smoke, flame, and dielectric properties. It provides excellent chemical inertness and heat distortion temperature properties when used in industries, water management, and other applications. It is used in construction, water treatment plants, industries, and production facilities because of its effectiveness to transport fluids from one spot to another and its resistance to unfavorable temperatures. It increases safety in industrial sectors and amplifies the operational efficiency of the companies.

It is used extensively in the construction sector due to its strength and lower cost. The demand for quality construction is responsible for enhancing its adoption. It is extremely lightweight and provides excellent resistance and efficiency to supply water and dispose of waste in residential and commercial buildings. Furthermore, it is used in water treatment facilities because of its resistance against molds and strength. Since water treatment plants are responsible for supplying clean, uncontaminated water to an entire city, the need for better piping material is of utmost importance. Therefore, these factors are responsible for the growth of the CPVC fittings market. 

COVID-19 Impact: Halt on Production and Lack of Raw Materials to Negatively Affect Supply Chain

The COVID-19 pandemic has negatively affected several markets worldwide. Strict government regulations against transport travel and production may hamper the progress of the industry. The alarming spike in COVID-19 cases has provoked governments to impose necessary restrictions to control the spread of the virus. This factor has adversely affected the CPVC pipe & fittings market since the halt on production activities has negatively affected the supply chain. The lack of raw materials, resources, and labor have created a shortage of CPVC fittings.

Furthermore, the restrictions placed on travel have led to the lack of a supply chain. The supply is unable to meet the demand for the product due to the shortage of the product. This factor can negatively affect CPVC fitting's demand. However, manufacturers are utilizing automation processes to meet consumer demand. It enables the companies to recover losses caused by the pandemic and balance costs. Automation also reduces labor costs and bolsters operational efficiency.

LATEST TRENDS

"Extensive Adoption in the Construction Sector to Bolster Market Growth"

Increasing commercial and residential construction processes fuels the demand for the material. The cost-efficiency and resistance against damages and harsh environment magnify the product's demand drastically. It is a highly efficient means to dispose of waste and supply water to buildings. They are extremely cost-effective and low maintenance and enhance the construction quality. Fire sprinklers are used in several constructions and industries because of the rising incidences of fire accidents. The increasing awareness regarding the safety of residents and workers is expected to surge the product demand. Governments implement stringent regulations regarding employee and resident safety. As per the NFPA 13 Standard, certain regulations are imposed regarding the installation of high-quality fire systems in commercial buildings. 

CPVC pipe & fittings are used in water supply pipes and waste disposal pipes. It can efficiently supply cold and hot water to commercial buildings. The fittings can withstand harsh rains, sunlight, winds, and other impurities in the environment. Its cost-efficiency enables builders to reduce costs and incorporate strong and advanced materials in their buildings. CPVC fittings can be easily replaced and require zero maintenance. 

Segmentation

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By Type Analysis

By type, the market is classified into CPVC pipe and CPVC fitting. 

The CPVC pipe segment is expected to lead the market because of its adoption in the commercial and residential sectors. The pipe is capable of handling extreme heat and provides excellent waste disposal. It is also used to supply cold and hot water to residential complexes. It is used in industries sectors because of the material's resistance against cracks, bursts, leakage, and meting in harsh conditions. It is used in the agricultural sector to deliver fertilizers and water. Additionally, it is used in industries because of its rigidity and reliability. 

By Application

By Application, the market is categorized intohot and cold water distribution, wastewater treatment, chemical processing, fire sprinkler systems, and others. 

The fire sprinkler segment is expected to lead because of the demand for advanced fire elimination systems in industries. It can distribute water across the affected area effectively and swiftly. Stringent government regulations lead to its implementation in commercial construction projects and industries to provide residents and worker's safety. It is used in offices and supermarkets because of its speed and efficiency. The rising cases of fire in the oil & gas and manufacturing sector boost its adoption in facilities. It works perfectly during hot temperatures because of its resistance and eliminates problems related to choking or malfunction. 

DRIVING FACTORS

"Adoption of CPVC fittings and Pipes in Chemical Processing to Escalate its Sales"

CPVC pipe & fittings are used in chemical manufacturing because of their resistance to corrosion and damage. It efficiently transports chemicals and fluids in extremely challenging environments in industries. It eliminates risks related to leakage, damage and elevates worker safety. The rising awareness regarding the safety of consumers fuels the demand for the product. It is available in several sizes and lengths and can be easily installed, which, in turn, can simplify the replacement of the product. Manufacturers such as Corzan® provide advanced CVPC pipes and fittings that increase safety, reduce installation time, offer longer shelf-life, and excellent resistance against harsh chemicals. They can resist aggressive chemicals such as caustic soda, sodium chloride, phosphoric acid, sulfuric acid, hydrochloric acid, and sodium hypochlorite. 

"Increasing Applications in Agricultural, Construction, and Manufacturing Industry to Propel Market Growth"

CPVC fittings are used extensively in the agricultural sector due to their excellent resistance against harsh environments. They are used to dispense fertilizers, pesticides, and water to crops. It is an excellent method of even fluid distribution across fields. It is used in sprinklers and can withstand harsh environmental conditions in fields. The pipes can be replaced easily in case of damage and offer an excellent life span. CPVC fittings are used in the construction sector to amplify the construction quality and improve waste management. The pipes possess exceptional durability and prevent cracks, punctures, and leakage. It is used in the manufacturing industry to speed up the process effectively and improve production quality. Pipe and fittings can deliver fluids and effectively dispose of industrial waste. Therefore, these factors may drive the CPVC pipe & fittings market growth.

RESTRAINING FACTORS

"Availability of Alternative Products to Impede Market Growth"

The availability of alternative materials such as green pipes, polypropylene can negatively affect the industry growth. The lack of awareness regarding the several benefits of the pipe may negatively affect its sales. Several companies adopt alternative sources because of the thought associated with more cost equates to better quality product, which, in turn, can increase polypropylene and green pipe's adoption. Additionally, the manufacturing hurdles during COVID-19 lead to a lack of CPVC pipe & fittings stock. These factors may impede market growth in the upcoming years.

REGIONAL INSIGHTS

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"Presence of Major Chemical Companies to Propel Industry Growth in Asia Pacific"

Asia Pacific is expected to dominate the CPVC pipe & fittings market share because of major chemical companies such as Atul Ltd., P I Industries Ltd., and Bayer CropScience Ltd. It is used extensively in wastewater management plants because of rapid urbanization and the discharge of chemical waste in rivers. It is capable of withstanding chemicals such as chlorine. The development of cities spikes the demand for CPVC pipe & fittings. Therefore, these factors can influence the growth of the CPVC pipe & fittings market. 

North America is the second-largest shareholder because of its increasing adoption in the construction sector. The rapid infrastructure development in the US is expected to boost product demand radically. The rising government expenditure in the development of industries leads to the adoption of CPVC pipe & fittings, which, in turn, can propel the CPVC pipe & fittings market.

In Europe, the emergence of manufacturing plants and facilities of major players lead to the adoption of better quality materials such as CPVC pipe & fittings. Rapid infrastructure development and increasing construction projects propel market growth in the region. 

In Latin America and the Middle East & Africa, the emergence of oil & gas and mining sectors can boost the CPVC pipe & fittings market. 

KEY INDUSTRY PLAYERS

"Deployment of Crucial Strategies Increase Adoption of CPVC Pipe & Fittings to Help Players Grow"

The prominent companies operating in the market devise certain key strategies that aid manufacturers to grow. The adoption of an acquisition strategy enables companies to enhance their product lineup. For example, Viking Group acquired NIBCO'S CPVC in January 2019 to expand its BlazeMaster CPVC fittings product line and expand its market reach. Furthermore, the adoption of technologically advanced production strategies enables companies to amplify their production quality, reduce labor cost and time consumption, and intensify market position. The prominent companies examine the recent market trends and plan strategies that may aid in creating profitable ventures. Additionally, the adoption of mergers & acquisitions, partnerships, product launches, research, and development strategies may escalate companies' market position.

List of Market Players Profiled

• Georg Fischer Harvel

• NIBCO

• IPEX

• FIP

• Fluidra Group

• Ashirvad Pipes(Aliaxis)

• Charlotte Pipe

• Viking Group

• Johnson Controls

• Paradise

• FinOlex Industries

• Supreme

• Astral

• Bow Plumbing Group

• LASCO

• Silver-Line Plastics

• Tianjin Hongtai Pipe Industry

• Huaya Industrial Plastics

• Youli Holding

Industry Development

• March 2021: Apollo Pipe's share exhibited a 20% surge reaching Rs 880 on the Bombay Stock Exchange's list. Robust sales volume from industries is responsible for this sudden spike in share value. 

REPORT COVERAGE

This report informs the readers about the latest market trends and the leading segments. It comprehensively studies the impact of COVID-19 globally and the driving and restraining factors. Observes the strategies deployed by the major players of the market and examines the regional developments. It answers questions regarding the challenges of the market and what strategies enabled the key players to survive in the competitive space.