No! PVC should never be used for compressed air piping. The use of PVC or CPVC pipe for compressed air may lead to a dangerous or deadly explosion. PVC is not rated for compressed air applications.
While some PVC pipe comes with pressure ratings of 300 or more PSI, PVC is only rated for liquids, not for gases. While liquids stop flowing if there is a blockage, gases will continue to compress, leading to overpressurization. That is why pipes for compressed air must be rated for pressure much higher than your operating PSI. In addition, the pressure rating for joins and seals in PVC pipe is much lower than the rating for the pipe itself. Finally, PVC degrades or becomes brittle with time or when exposed to temperature extremes (such as hot compressed air). Seals and joins are especially prone to failures when exposed to lubricants in compressed air. All this adds up to a dangerous situation if PVC pipe becomes over-pressurized. Over-pressurized PVC pipe–or one hit with a sharp object–can send shrapnel flying at high velocities, putting people and facilities at risk.
If you are going to use plastic compressed air pipes, make sure the plastic is rated for use with compressed air. Better yet, consider a lightweight, durable aluminum piping system for maximum longevity and safety.