In 2023, the Chlorinated Polyvinyl Chloride (CPVC) market in Asia experienced a price surge during the first two quarters due to increased inquiries from regional and overseas buyers, causing product scarcity. Fluctuations in crude oil prices further contributed to the rising trend. In contrast, the European market gradually declined, particularly in March, due to slow construction industry movement, high consumer pressure from increasing interest rates and living costs, resulting in weak demand and international competition. Similarly, in North America, CPVC prices remained in a negative zone due to high inventories, weak demand from end-user industries, imports from other countries, rising interest rates, and competitive cost pressure.
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Definition
Chlorinated Polyvinyl Chloride (CPVC) is a thermoplastic resin derived from the chlorination of polyvinyl chloride (PVC). CPVC exhibits enhanced properties compared to PVC, making it suitable for various applications. It has excellent heat resistance, flame retardancy, and chemical resistance, making it ideal for high-temperature environments and corrosive applications. CPVC can withstand temperatures up to 93°C (200°F) and is highly durable, making it suitable for use in hot water distribution systems, fire sprinkler piping, chemical processing equipment, and other industrial applications where resistance to extreme temperatures and corrosive substances is essential. Its versatility and favorable properties make CPVC a valuable material in several industries.
Key Details About the Chlorinated Polyvinyl Chloride Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Chlorinated Polyvinyl Chloride (CPVC) in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Chlorinated Polyvinyl Chloride Price chart, including India Chlorinated Polyvinyl Chloride price, USA Chlorinated Polyvinyl Chloride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Chlorinated Polyvinyl Chloride Price Trend:
Chlorinated Polyvinyl Chloride (CPVC) finds numerous industrial applications due to its exceptional properties. CPVC is extensively used in hot water distribution systems for residential, commercial, and industrial buildings, where its high-temperature resistance and corrosion resistance are crucial. It is also a preferred material for fire sprinkler piping due to its flame retardancy and ability to withstand elevated temperatures. In the chemical processing industry, CPVC is employed in equipment such as heat exchangers, reactors, and valves, where resistance to corrosive chemicals is essential. Additionally, CPVC is utilized in electrical conduits, wastewater handling, and various high-performance applications in demanding industrial environments, showcasing its versatility across industries.
Key Players:
- The Lubrizol Corporation
- ASTRAL LIMITED
- Shandong Novista Chemicals Co. Ltd
- Jiangsu Tianteng Chemical Industry Co Ltd
- Grasim Industries Limited
- Reliance Industries Ltd
- Hanwha Solutions
News and Recent Development:
- Grasim, Lubrizol set to begin work on CPVC resin plant in Gujarat: The Aditya Birla Group’s main company, Grasim Industries Limited, will begin construction with Lubrizol India Limited on a factory that will produce chlorinated polyvinyl chloride (CPVC) resin later this year. (Dated: 19 June 2023)
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