Why Chlorinated Polyvinyl Chloride is Essential for Modern Infrastructure
The CPVC market is projected to grow from USD 1.6 billion in 2023 to USD 2.7 billion by 2028 at a CAGR of 11.1% during the forecast period. Chlorinated polyvinyl chloride (CPVC) is a specialized thermoplastic material derived by subjecting polyvinyl chloride (PVC) through the chlorination process. In this process, chlorine atoms are introduced into the PVC polymer chain, enhancing its properties, such as chemical resistance, flame-retardant characteristics, and heat resistance. These properties make CPVC efficient and suitable for various applications, including plumbing systems, fire protection, chemical & industrial equipment, power cable casing, adhesives & coatings, and others. Major manufacturers in this market are based in Asia Pacific, Europe, and North America The Lubrizol Corporation (US), Sekisui Chemical Co., Ltd. (Japan), Meghmani Finechem Limited (India), Shandong Novista Chemical Co., Ltd. (China), Shandong Pujie Rubber & Plastic Co., Ltd. (China),...