PVC Pipes Market Surges to $87.2 Billion: A Comprehensive Industry Analysis by 2030
Research Reports
Aug 17, 2023
Market Research Future Insights
According to MRFR analysis, the global PVC Pipes Market is expected to register a CAGR of ~ 5.79% from 2022 to 2030 and hold a value of over ~USD 87.2 Billion by 2030.
Polyvinyl chloride (PVC) is measured as top-selling material all around the world. Polyvinyl chloride (PVC) is cost-effective and strong. Similarly, polyvinyl chloride (PVC) pipes are of low cost and corrosion hardy. Polyvinyl chloride (PVC) pipes are used for several purposes such as water supply, irrigation, and drainage system.
One of the key factors pouring the growth of the global polyvinyl chloride (PVC) pipes market is rising investments in research and development activities. These investments are complete by either government activities or market players. In addition, the growth of the global polyvinyl chloride (PVC) pipes market is being determined by the surge in demand for polyvinyl chloride (PVC) pipes in various industries and sectors. Polyvinyl chloride (PVC) pipes provide various benefits that are the reason; the demand for them is rising at a faster rate.
The Covid-19 pandemic undesirably affected the market owing to disrupted the supply chain, prolonged lockdown, and fluctuations in the prices of raw materials. However, the market is projected to get back on track as governments announced relaxation regarding lockdown regulations.
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Regional Analysis
Asia-Pacific is holding the largest PVC pipes market share of 45.6% in 2020. Moreover, increasing investments in the development of the irrigation and water supply infrastructure by the government are growing the demand for PVC pipes in this region. As China is the largest manufacturer as well as customer OF PVC pipes, this region is dominating the market.
Europe holds the second largest revenue market share for the global market with a value of over USD 5000 million. For its widespread applications in the agriculture and construction industry, North America is anticipated to witness significant demand for pipes. due to its rapid upsurge in industrialization and commercialization,
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Market Segmentation
The global PVC Pipes Market has been segmented into product type, application, and end user.
Based on type, the global PVC pipes market has been segmented into post-chlorinated, plasticized, and unplasticized. Among them, in 2020, the post-chlorinated segment is dominating the largest market share of 50% for its wide-ranging acceptance in the construction, chemical processing, and water treatment industries.
Based on application, the global PVC pipes are analyzed into various types such as plumbing, sewerage, water supply, oil & gas, irrigation, and others. Due to the effective replacement of metal and concrete pipes with PVC pipes in the water supply applications, the water supply segment is holding the largest share of 22.63% in 2020. The rising population leads to increasing demand for water supply. Moreover, PVC has more benefits like superior durability and easy installation related to metal or concrete pipes.
Based on end-user, the global PVC pipes market has been segmented into agriculture, building & construction, telecommunications, and others. Out of these segments, the agriculture segment is accounting for the highest share of 44.69% in 2020 for the rising adoption of PVC pipes in agriculture irrigation systems.
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Key Players
Some of the key market players are China Lesso Group Holdings Ltd., JM Eagle Inc (US), Astral Polytechnik Limited, Polypipe Plc, Advanced Drainage Systems Inc., Amancio, National Pipe and Plastics Inc., NAPCO (US), Finolex Industries Ltd (India), IPEX Inc (Canada)
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