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Chlorinated Polyvinyl Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22432
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Chlorinated Polyvinyl Chloride Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Chlorinated Polyvinyl Chloride | Polymer & Resin | China | 1905 USD/MT (Pipegrade K- 67.4) |
| Chlorinated Polyvinyl Chloride | Polymer & Resin | Netherlands | 1885 USD/MT (Pipegrade K- 67.4) |
The price of chlorinated polyvinyl chloride (CPVC) in China saw a decline in the December 2023 due to reduced activity in the construction and industrial sectors. Also, the high product supply and low demand in the country led to a downward price flow, reaching 1905 USD/MT in Q4 2023.
In December 2023, CPVC prices in the Netherlands were recorded at 1885 USD/MT. The market witnessed a moderate increase in price owing to restricted product inflow and inflation in the country in Q4. However, the demand for chlorinated polyvinyl chloride remained low as the manufacturing sectors operated at reduced capacities.
Chlorinated Polyvinyl Chloride Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Chlorinated Polyvinyl Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of chlorinated polyvinyl chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of chlorinated polyvinyl chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chlorinated polyvinyl chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing chlorinated polyvinyl chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Chlorinated Polyvinyl Chloride Market Analysis
The global chlorinated polyvinyl chloride market size reached US$ 4.6 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.3 Billion, at a projected CAGR of 6.80% during 2023-2032.
- Chlorinated polyvinyl chloride’s (CPVC) resistance to corrosion and heat makes it highly sought after for residential and commercial plumbing systems, driving its market growth. As the construction of residential and commercial spaces increases, the demand for CPVC will also grow. The Asia Pacific region’s construction and real estate market is expected to account for nearly 40% of the global industry’s output value by 2030 and record a growth rate of 6%. Also, the US real estate market is escalating at a steady growth rate of 3.15% annually. Moreover, the resale of houses in the US increased by 8.5% in 2021, boosting the use of CPVC in the remodeling of plumbing systems.
- The chlorinated polyvinyl chloride demand is further amplified by its utilization in the fire sprinkler systems within buildings. The chlorinated polyvinyl chloride demand is further amplified by its utilization in the fire sprinkler systems within buildings. Sprinklers reduce the impact of fires in residential and commercial buildings. In a report by the National Fire Protection Agency (NFPA), the civilian fire death and injury rates per fire were 90 percent and 32 percent lower, respectively when a sprinkler was present. CPVC's inherent fire-retardant characteristics make it an excellent choice for such applications. They are also easier and faster to install given their lightweight design and solvent cement welding, which does not require specialized tools or equipment. This has boosted the use of CPVC in fire sprinkler systems because of its high flame and smoke resistance.
- CPVC is also becoming increasingly popular for the safe transport of aggressive chemicals, driving its adoption in chemical manufacturing and processing industries. India ranks 11th in the export of chemicals (excluding pharmaceutical products) and 6th in the world imports of chemicals (excluding pharmaceutical products), catalyzing the use of CPVC for the transportation of various chemicals. The export of chemicals and chemical products (excluding pharmaceutical products and fertilizers) contributed 10.2% of total exports in the year 2022-23 in India.
- The chlorinated polyvinyl chloride market share is further reinforced by its role in water conservation and efficiency, making it essential in regions facing water scarcity. According to a report published by UNESCO, about 2 bn people do not have safe drinking water, and 3.6 bn lack access to safely managed sanitation. It is approximated that between 2-3 bn people experience water shortages for at least one month per year. Also, the urban population facing water scarcity is estimated to double from 930 million in 2016 to 1.7–2.4 billion people in 2050. This has increased the need for CPVC pipes as they minimize leakage rates associated with metal piping systems because of their superior joint integrity and corrosion resistance.
- In addition, chlorinated polyvinyl chloride production is showing an upward trajectory as a result of its growing use in solar water heating (SWH) systems and geothermal heating applications. Water heating accounts for about 15% of households’ energy use in Europe, 20% in the United States, and 30% in Japan, propelling the need to switch from electricity and gas to solar water heating. China and India implemented ambitious solar thermal policies as they set targets of 300 million m2 by 2020 and 20 million m2 by 2022. In the USA, SWH systems benefit from a 30% federal tax credit, while some States also implemented credits and rebates. Moreover, the installed capacity in Australia allowed energy savings of around 13 Mtoe per year starting 2000, which was double in 2020.
Chlorinated Polyvinyl Chloride News
The report covers the latest developments, updates, and trends impacting the global chlorinated polyvinyl chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in chlorinated polyvinyl chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chlorinated polyvinyl chloride price trend.
Latest developments in the chlorinated polyvinyl chloride industry:
- In June 2023, The Lubrizol Corporation announced an investment of more than USD 150 million across several projects dedicated to its wide portfolio in India. Through this, the company is planning to focus on opening India’s largest CPVC resin production plant in Gujarat.
- In 2023, DCW Ltd. completed its 10,000 MT chlorinated polyvinyl chloride (CPVC) extension project at the Sahupuram Plant in Tamil Nadu. The company aims to increase the manufacturing and commercialization of the extra quantities. As a result, its CPVC Division has a total manufacturing capacity of 20,000 MT.
Product Description
Chlorinated polyvinyl chloride (CPVC) is a versatile thermoplastic material that undergoes a chlorination process to enhance its resistance to heat, chemicals, and corrosion. It is available in various forms, such as pipes, fittings, and sheets, catering to a wide range of needs. The material composition of CPVC includes chlorine added to polyvinyl chloride (PVC), which strengthens its thermal and chemical stability. This alteration allows CPVC to withstand temperatures up to 200°F (93°C), which is significantly higher than PVC's capabilities. The inherent properties of CPVC, such as its high tensile strength, low thermal expansion, and flame retardance, make it an ideal choice for numerous applications.
CPVC's applications span diverse sectors, including hot and cold-water delivery systems in residential and commercial buildings, fire sprinkler systems, industrial liquid handling, chemical processing, wastewater treatment, and heating, ventilation, and air conditioning (HVAC) systems. Additionally, it finds usage in the manufacturing of electrical insulators, and as a material for pool and spa piping due to its resistance to chlorine degradation. CPVC is lauded for its lightweight nature, low maintenance requirements, exceptional durability, and resistance to microbial growth.
Regional Coverage
The report provides a detailed analysis of the chlorinated polyvinyl chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the chlorinated polyvinyl chloride price trend.
Global Chlorinated Polyvinyl Chloride Price
The report offers a holistic view of the global chlorinated polyvinyl chloride pricing trends in the form of chlorinated polyvinyl chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of chlorinated polyvinyl chloride but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed chlorinated polyvinyl chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Chlorinated Polyvinyl Chloride Price
The European region experienced a moderate hike in prices towards the end of Q4 2023, although the demand for chlorinated polyvinyl chloride (CPVC) remained low. The heightened decline in industrial chemical production, which led to product shortage and escalated quotation prices from traders, boosted a moderate hike in prices. However, the demand for CPVC continued to remain low owing to reduced activity in the construction and residential sectors.
This analysis can be extended to include detailed chlorinated polyvinyl chloride price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Chlorinated Polyvinyl Chloride Price
In North America, the chlorinated polyvinyl chloride market witnessed a mixed trajectory. The prices for PVC experienced a downfall in October due to demand for plumbing activities in the construction sector and a fall in house sales. However, the market started gaining momentum in the last two months of the quarter owing to rising activities in the construction sector and increased rates of vinyl chloride (VCM) and ethylene dichloride (EDC).
Specific chlorinated polyvinyl chloride historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Chlorinated Polyvinyl Chloride Price
The report explores the chlorinated polyvinyl chloride pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on chlorinated polyvinyl chloride prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Chlorinated Polyvinyl Chloride Price
The chlorinated polyvinyl chloride pricing in the Asia Pacific region experienced a mixed price trend. The market saw an increase in prices in India owing to escalated demand from the construction and manufacturing industries. However, China saw an overwhelming downfall trend in prices because of reduced activities in the construction and industrial sectors. Also, a fall in polyvinyl chloride (PVC) rates and an increase in feedstock and crude oil prices contributed to the declining trajectory.
This chlorinated polyvinyl chloride price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Chlorinated Polyvinyl Chloride Price
In the last quarter of the year 2023, the Latin American market witnessed an unstable price trend. Initially, the market saw a decrease in prices because of low demand from downstream industries, such as construction. However, the price for CPVC experienced a gradual hike as investments in the construction sector rose. Also, the set-up of electric automotive factories in Brazil contributed to the positive trend. By the end of December, the market prices showcased a lower rate due to increased competition from Asian and European markets and escalated input costs in the exporting US markets.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Chlorinated Polyvinyl Chloride |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Chlorinated Polyvinyl Chloride Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of chlorinated polyvinyl chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting chlorinated polyvinyl chloride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The chlorinated polyvinyl chloride price charts ensure our clients remain at the forefront of the industry.
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