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.
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.
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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.
Asia Pacific to Hold Major Share of Global Solvent Cement Market
In terms of region, the global solvent cement market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
Asia Pacific is expected to hold a major share of the global solvent cement market during the forecast period. Asia Pacific is a major market for solvent cement due to a rise in construction and infrastructure activities in several developing countries in the region, which is expected to generate considerable demand for solvent cement during the forecast period.
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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
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