Solvent Cement Market: Introduction
Solvent cement, also known as PVC cement, is preferred for rapid, easy, and stronger assembly of PVC pipes. Solvent cement is made of CPVC resin, stabilizers, and the fillers dissolved in a cocktail of solvents. The solvent cement market is anticipated to expand at a significant growth rate in the next few years due to a rise in the demand for PVC pipes in construction and irrigation activities.
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Key Drivers and Opportunities of the Global Solvent Cement Market
- Rise in urbanization and industrialization is boosting construction and infrastructure activities in developing countries, especially in Asia Pacific. This is expected to boost the demand for solvent cements in the near future. Industrialization is leading to the migration of people to urban areas. This is propelling the demand for residential houses, which in turn is estimated to fuel the solvent cement market during the forecast period.
- Increase in demand for pipes and fittings from the agriculture sector, and irrigation development across regions are also anticipated to boost the demand for solvent cement. Governments of several countries are taking initiatives to promote irrigation activities, which is also expected to boost the solvent cement market during the forecast period.
- Increase in variety of pipes (PVC, CPVC, etc.) is anticipated to fuel the demand for solvent cement across the globe. However, the detrimental impact of plastic is expected to hamper the demand for plastic pipes, which ultimately restrains the demand for solvent cement.
- Furthermore, manufacturers in the solvent cement market are investing considerably in R&D facilities to widen their product portfolio in order to cater to the rising demand. This is estimated to offer significant opportunities for manufacturers to develop innovative products during the forecast period.
Key Players Operating in Global Solvent Cement Market
- Adon Chemical Pvt. Ltd.
- Advance Agrisearch Limited
- Finolex Industries Ltd.
- HP Adhesives Pvt. Ltd.
- IPS Corporation
- Kenon Adhesives Pvt. Ltd.
- King Pipes and Fittings
- NeoSeal Adhesive Pvt. Ltd.
- Shreeji Chemical Industries
- Vd Paper Mills Private Limited
Global Solvent Cement Market: Research Scope
Global Solvent Cement Market, by Product Type
- PVC Solvent Cement
- CPVC Solvent Cement
- ABS Solvent Cement
- Others (Transitional Solvent Cement etc.)
Global Solvent Cement Market, by Viscosity
- Regular bodied
- Medium bodied
- Heavy bodied
Global Solvent Cement Market, by Application
- PVC (Polyvinyl Chloride) Pipes
- CPVC Pipes (Chlorinated Poly Vinyl Chloride)
- ABS (Acrylonitrile butadiene styrene) Pipes
Global Solvent Cement Market, by Price
- Low
- Medium
- High
Global Solvent Cement Market, by Distribution Channel
- Online
- Company owned websites
- E-commerce websites
- Offline
- Hardware Stores
- Specialty Stores
- Other Retail Based Stores
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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