According to ChemAnalyst report, “India Chlorinated Polyvinyl Chloride (CPVC) Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End-User Industries, Sales Channel, Regional Demand, Company Share, FY2015-FY2032”, The India Chlorinated Polyvinyl Chloride (CPVC) Market is likely to reach around 300 thousand tonnes by FY2032, at a CAGR of 7.22% during the forecasted period. A joint venture between Grasim Industries Ltd. and Lubrizol India Pvt. Ltd. is anticipated to begin operations at Vilayat, Gujarat, in FY2025. This venture is anticipated to have a 100 thousand tonnes per annum manufacturing capacity.  Reliance Industries Ltd. is also developing a CPVC plant with an annual capacity of 70 thousand tonnes per annum capacity is anticipated to be operational by FY2026.

Chlorinated polyvinyl chloride, also known as CPVC, is a thermoplastic. It is synthesized made from PVC resin that has been chlorinated. In order to make the resin more receptive to processing, other additives are also added to the resin. These additives could include lubricants, colors, impact modifiers, stabilizers, and impact modifiers. Chlorinated polyvinyl chloride has a number of other advantages, including high strength, temperature resistance, stretchability, resistance to corrosion, efficient insulation, heat resistance, and lightweight. CPVC provides more strength for sustaining wires with heavy loads. It is applied to electrical products and used to hide exposed wiring in homes and workplaces. In addition, it is utilized for electrical busbars, track light fittings, electrical items, and electronic components including wire ways, switches, and others.

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The need for Chlorinated Polyvinyl Chloride (CPVC) to manufacture pipes and sprinklers applications has grown significantly in recent years. The product is flexible and easily mouldable, which makes it perfect for thermoforming applications. Moreover, CVPVC pipes are cheaper than metal pipes and display water-resistant nature, driving its application in the pipe industry. The expansion of the nation's farming practices and steps by the Government towards a modern approach towards irrigation industries is projected to increase demand for pipes & sprinkler systems and consequently fuel the market growth for Chlorinated Polyvinyl Chloride (CPVC). Furthermore, increasing disposable income and a surge in building and construction projects call for pipes & fittings, anticipated to further surge the CPVC demand in the upcoming years.

The India Chlorinated Polyvinyl Chloride (CPVC) Market is segmented based on grade, end-use, sales channel, and region. Based on grade, the CPVC market is segregated into Pipe & Fitting (Extrusion) Grade, Adhesive Grade, and Sheathing Grade. Although, the Pipe & Fitting (Extrusion) Grade dominates the global CPVC market.

Based on end-use, the India Chlorinated Polyvinyl Chloride (CPVC) market is segregated into Hot Water pipes/fittings, Industrial pipes/fittings, Fire Sprinkler pipes/fittings, Underground pipes for housing power cables, and Others. Among these, Hot Water pipes/fittings are dominating the India Chlorinated Polyvinyl Chloride (CPVC) market. This segment held roughly 50% of the Chlorinated Polyvinyl Chloride (CPVC) market in FY2023. This industry is expected to continue to dominate during the forecast period due to a surge in demand for fittings for irrigation purposes. 

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Regionally, India Chlorinated Polyvinyl Chloride (CPVC) market is segregated into four regions based on regional consumption: West, South, North, and South. West India is leading the market and held about 38% of the market in FY2023. Western states like Gujarat and Maharashtra have numerous plastic product manufacturers located in these regions. To fulfill the growing demand of CPVC across India, two new plants are upcoming, one being a joint venture between Grasim Industries Ltd. and Lubrizol India Pvt. Ltd and the second plant by Reliance Industries Ltd.

“India Chlorinated Polyvinyl Chloride (CPVC) Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, Grade, End-User Industries, Sales Channel, Regional Demand, Company Share, FY2015-FY2032” Major players in the India Chlorinated Polyvinyl Chloride (CPVC) market are Meghmani Fine Chem ltd. DCW Ltd., Reliance Industries Ltd., Grasim Industries & Lubrizol India Pvt. Ltd., and others. Major players in the Global Chlorinated Polyvinyl Chloride (CPVC) are Lubrizol Advanced Materials, Kaneka Corporation, Sekusei Chemicals Co Ltd, Hanwha Chemical Corporation, Shandong Xiangsheng New Materials Technology Co., Ltd., and Others.

“Chlorinated Polyvinyl Chloride (CPVC) is mouldable polymer with properties like water-resistance, abrasion resistance due to which it makes as a suitable material for thermoforming applications in various industries. The growing demand of Chlorinated Polyvinyl Chloride (CPVC) to manufacture components of pipes and fittings for applications in various industries such as agriculture is expected to boost the India Chlorinated Polyvinyl Chloride (CPVC) Market in the forecast period until FY2032. Through the projection period, an increase in demand of Chlorinated Polyvinyl Chloride (CPVC) is anticipated to present numerous opportunities for new manufacturers to bridge the supply and demand gap in the country by opening new CPVC manufacturing sites.  “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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