The global chlorinated polyvinyl chloride (CPVC) market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing demand of chlorinated polyvinyl chloride products and increasing demand in the construction industry for indoor firefighting, plumbing and home heating, among other factors are driving the market for chlorinated polyvinyl chloride (CPVC) during the forecast period. CPVC pipes are cheaper in cost, effective and durable as compared to metal pipes. Growing awareness of recycling plastics among consumers is driving the market growth. Furthermore, the applications of pipe & fitments in the chemical industry are increasing over the coming years. Moreover, increase in government investments in construction projects in the developing countries such as India and China is another key factor boosting the market growth. However, high CPVC material maintenance in case of leakages and damages, stringent norms by the government on environment, fluctuation in prices of raw materials, and high cost of chlorinated polyvinyl chloride (CPVC) are likely to hamper the market growth during the forecast period.
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