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Shandong Novista Chemicals Co.,Ltd (Novista Group) [Shandong,China] Business Type:Manufacturer , Service , Distributor/Wholesaler Main Markets: Africa , Americas , Asia , Caribbean , East Europe , Europe , Middle East , North Europe , Oceania , Other Markets , West Europe , Worldwide Exporter:71% - 80% Certs:GB, OHSMS, FDA

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China CPVC compound market

2023-03-04

The China CPVC Compound market is expected to witness a significant growth over the forecast period. It is projected to grow at a CAGR of 8.4% from 2020 to 2025.

The growth of the CPVC compound market in China is mainly driven by the increasing demand for CPVC compounds from various end-use industries such as construction, automotive, and electrical & electronics. The increasing demand for CPVC compounds from these industries is attributed to their excellent properties such as high temperature and chemical resistance, low thermal expansion, and flame retardancy. Moreover, the growing investments in the construction sector, the increasing demand for electric vehicles, and the increasing demand for electrical & electronics products are some of the other factors driving the growth of the CPVC compound market in China.

In terms of region, the market is segmented into East China, South China, and North China. East China is expected to be the largest market for CPVC compounds in China, due to the presence of major end-use industries such as construction, automotive, and electrical & electronics. Moreover, the presence of major CPVC compound manufacturers in East China is also driving the growth of the market in this region.

The major players operating in the China CPVC compound market are BASF SE, LG Chem Ltd., Formosa Plastics Corporation, China Petrochemical Corporation, and PolyOne Corporation. These companies are focusing on expanding their production capacities and introducing new products to meet the growing demand for CPVC compounds from various end-use industries

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Mr. Ron Han

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