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Thailand
Japan
IndiaDuring Q1 2025, the Chlorinated Polyvinyl Chloride (CPVC) market showed signs of modest recovery, with prices strengthening across key Asian regions. FOB Thailand prices rose to $1800/MT, marking a 2.80% increase compared to Q4 2024. The uptrend was supported by a slight rebound in construction-related demand and inventory replenishment by regional buyers.
Meanwhile, FOB Japan prices climbed to $1893/MT, a 1.45% uptick from the previous quarter. The Japanese market benefited from renewed interest in infrastructure projects and steady offtake from downstream plastic processing sectors. Despite ongoing global uncertainties, market sentiment improved slightly on the back of stabilizing demand fundamentals.
In Q4 2024, the CPVC market remained relatively flat with marginal price adjustments. FOB Thailand prices declined slightly to $1751/MT, a 0.34% dip from Q3 levels, reflecting cautious purchasing activity and oversupply concerns in Southeast Asia. Conversely, FOB Japan prices increased to $1866/MT, representing a 2.36% rise as localized demand in high-performance applications showed resilience. The market continued to face headwinds from inflationary pressures and fluctuating raw material costs, limiting any significant price gains.
During Q3 2024, regional price trends diverged as market dynamics shifted. FOB Thailand prices rose to $1757/MT, registering a 5.02% increase from Q2, buoyed by stronger orders from the construction and plumbing sectors amid seasonal demand. However, FOB Japan prices slipped to $1823/MT, a 4.05% decline quarter-on-quarter, as exports weakened and domestic demand showed signs of saturation. Overall, the market was characterized by mixed fundamentals and ongoing supply-chain recalibrations.
In Q2 2024, the CPVC market in Asia saw a mixed performance. FOB Thailand prices fell to $1673/MT, a 2.73% drop compared to Q1 2024, due to sluggish demand recovery and price competition from alternative materials. On the other hand, FOB Japan prices decreased to $1900/MT, a 3.70% fall, driven by weakening demand from industrial users and export market softness. The overall market sentiment remained cautious, with buyers limiting inventory buildup amid uncertain macroeconomic conditions.
During Q1 2024, the CPVC market experienced a soft start to the year. FOB Thailand prices stood at $1720/MT, while FOB Japan prices were recorded at $1973/MT. Demand across both regions was tepid, particularly in the construction and infrastructure sectors, as buyers remained wary due to high raw material costs and persistent economic headwinds. While prices remained relatively elevated, trading activity was subdued, and suppliers faced mounting pressure to offer competitive pricing to stimulate offtake.
In Q1 2025, the Indian Chlorinated Polyvinyl Chloride (CPVC) market displayed a firm upward trajectory. CIF India prices for Thai-origin material surged to INR 161,397/MT, registering a 5.81% increase from the previous quarter. The rise was supported by improved downstream demand from the plumbing and construction sectors as infrastructure activities picked up post-winter. Additionally, tight availability from Thailand amid robust regional orders contributed to the bullish pricing. Meanwhile, Japanese-origin CPVC also saw a notable price increase, with CIF India values climbing to INR 172,220/MT, up 4.31% quarter-on-quarter, amid steady procurement from Indian processors and stable Japanese export flows.
In Q4 2024, the market showed a mild correction after previous gains. CIF India prices for Thai-origin CPVC edged down to INR 152,547/MT, reflecting a -1.97% decline from Q3. While seasonal demand persisted due to year-end construction activity, the market saw some pushbacks from buyers amid higher inventory levels. For Japanese-origin CPVC, prices slightly increased to INR 165,103/MT, up 1.36%, as consistent supply and reliable quality sustained steady demand from premium segment buyers despite general market softening.
In Q3 2024, CPVC prices firmed up across the Indian market. Thai-origin CIF values rose to INR 155,620/MT, marking a 6.67% increase from Q2, driven by pre-festive restocking and revived demand in infrastructure and housing segments. Japanese-origin CPVC, however, witnessed a -1.83% decline to INR 162,880/MT, possibly influenced by competitive pricing from Southeast Asian suppliers and a slight moderation in high-end product demand.
In Q2 2024, the market recorded a mixed trend. CIF India prices for CPVC from Thailand dipped to INR 145,893/MT, down -1.75% from Q1, amid slower buying during the early monsoon and cautious sentiment across building sectors. Conversely, Japanese-origin CPVC dropped more significantly to INR 165,913/MT, reflecting a -2.58% decline, as buyers turned selective with procurement, leveraging sufficient stocks and lower-than-expected project activity during the quarter.
In Q1 2024, the Indian CPVC market opened the year on a soft note. Thai-origin material was priced at INR 148,493/MT, showing restrained movement due to limited construction activity following the New Year and a conservative buying approach among distributors. Japanese-origin CIF prices stood at INR 170,313/MT, with pricing stability reflecting steady but cautious demand from niche end-users who prioritized quality and consistency amid overall muted market momentum.
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These factors highlight the vulnerability of the CPVC market to both regional and global disruptions, making it essential for stakeholders to closely monitor geopolitical developments, supply chain stability, and raw material price trends to navigate the market effectively.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
CPVC Resin (Chlorinated Polyvinyl Chloride Resin) is a high-performance thermoplastic material known for its superior chemical resistance, high thermal stability, and enhanced mechanical strength. Ideal for applications in plumbing, industrial piping, and electrical insulation, it can withstand higher temperatures, and a broad range of chemicals compared to regular PVC. CPVC Resin is easy to process using common methods such as extrusion and injection moulding, offering versatility in product design. Its durability and strength make it perfect for applications where long-lasting performance is crucial. CPVC Resin ensures reliability and efficiency, making it a trusted material for demanding industrial environments.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification
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| Viscosity
|
1.30 – 1.60 cP
|
| K value
|
66+ 2
|
| Appearance
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Pale white
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| Bulk density
|
0.45-0.73 g/ml |
| Chlorine content wt%
|
66 min
|
| Tensile strength (Mpa)
|
50 |
| Foreign Matter, Nos/100gms
|
20 max
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| Vicat Softening Temp
|
100-104°C
|
Applications
Chlorinated Polyvinyl Chloride (CPVC) Resin is primarily used in the manufacture of piping systems for water distribution, plumbing, and industrial applications. It is also used in the production of coatings, adhesives, and corrosion-resistant equipment. CPVC is known for its superior resistance to heat and chemicals, making it an ideal material for high-temperature and aggressive chemical environments. Other uses include electrical cable insulation, fire sprinkler systems, and in the production of films and sheets for industrial and commercial applications.
The pricing of CPVC is primarily influenced by raw material costs, particularly the price of PVC resin and chlorine. Other factors include energy costs (as CPVC manufacturing is energy-intensive), supply and demand dynamics in key industries such as plumbing, construction, and electrical cable coatings, and fluctuations in oil prices. External factors, such as geopolitical instability, trade tariffs, and changes in environmental regulations, can also impact CPVC pricing, creating variability in the market.
Regional production has a significant impact on CPVC pricing. In areas where CPVC is manufactured locally, such as North America and Asia-Pacific, prices tend to be more stable and lower due to reduced transportation costs. On the other hand, regions that rely heavily on imports may experience higher prices due to shipping fees, tariffs, and supply chain bottlenecks. Additionally, supply shortages in major production hubs can lead to price hikes in distant markets.
CPVC pricing trends in recent years have reflected fluctuations in the cost of raw materials and energy. The ongoing global supply chain challenges and the impact of environmental regulations have also affected prices. To secure better rates, buyers can consider negotiating long-term contracts with suppliers, leveraging bulk purchasing for discounts, and staying informed about shifts in global resin production and energy costs. Additionally, exploring regional suppliers or local production alternatives can help mitigate transportation costs and price volatility.
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