CPVC Pipe and Fittings Market Overview:
The global Chlorinated Polyvinyl Chloride (CPVC) Pipe & Fittings market was valued at USD 2.5 billion in 2018 and will reach USD 4.1 USD billion by the end of 2023, growing at a CAGR of 8.6% during 2018 to 2023. A fitting is used in pipe systems to connect straight pipe or tubing sections, adapt to different sizes or shapes and for other purposes, such as regulating fluid flow. CPVC Fitting is mainly made by CPVC resin.
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CPVC Pipe and Fittings Market Growth Drivers and Restraints:
CPVC pipes are primarily used in manufacture of heat resistant pipes as it replaces copper-based pipes. Thus, growing use of CPVC in several applications across diverse industries is expected to drive the growth of global Chlorinated Polyvinyl Chloride market during the forecast period. One of the major applications of CPVC is its use in fire sprinklers. Increasing safety regulations and increasing use of fire sprinklers across the globe are expected to drive the growth of global market during the forecast period. Also, CPVC pipes are relatively less expensive as compared to metal pipes. Thus, there is a shift towards the use of relatively cheaper yet effective and durable CPVC pipes & fittings.
CPVC Pipe and Fittings Market Segmentation
The global CPVC market is segmented based on the product type and application type.
Based on the product type, the market is classified as CPVC pipe and CPVC fitting.
Based on the applications, the market includes chemical processing, Waste water treatment, Hot and cold water distribution, Fire Sprinkler system and others.
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CPVC Pipe and Fittings Market Geographic Scope:
Geographically, Asia Pacific is the largest market for the CPVC pipes due to the rapid increase in industrialization and is expected to continue in the forecast period. North America is the second largest market due to the abundant availability of raw materials. Europe and Middle East will witness a major growth due to the increase of its end users.
Some of the Major Manufacturers Profiled in this Report are:
Georg Fischer Harvel , NIBCO , IPEX , FIP , Fluidra Group , Ashirvad Pipes(Aliaxis) , Charlotte Pipe, Viking Group, Tyco , Paradise , FinOlex Industries , Supreme ,Astral
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