all report title image
  • Published On : Jul 2022
  • Code : CMI5109
  • Industry : Advanced Materials
  • Pages : 108
  • Formats :

PVC stands for polyvinyl chloride. It is a chlorinated hydrocarbon polymer. In its normal state, it is brittle and rigid. But, when combined with added substances, for example, plasticizers, it turns out to be stronger and moldable. Some of its applications are in clinical tubing, flooring, furniture, electrical insulation, and as a substitute for rubber. PVC pipes are most widespread used in the production of pipes, which are utilized in plumbing, water system and irrigation. Depending upon the application of PVC pipes, a few variations of PVC pipes are utilized as hot or cold water conduits in industrial as well as commercial contexts. PVC pipes have been utilized for over 80 years for different commercial purposes.

The global PVC pipes market is estimated to surpass US$ 76.5 billion by the end of 2028 in terms of revenue, exhibiting a CAGR of 5.9% during the forecast period (2021 to 2028).

Drivers

PVC pipes have gained popularity across the globe owing to their excellent properties such as light-weight, cost-effectiveness, easy installation, and durability. They are also used in electrical fittings due to their excellent heat and electrical insulation properties. The PVC pipes do not rot, wear or rust over the long run and can withstand rigorous shaking and extreme movement in earthquake-prone zones. Owing to these factors, PVC pipes are constantly replacing other piping materials. The introduction of new technology of applying molecular orientation in the PVC pipes manufacturing has resulted into the development of PVC-O (oriented) pipes. These PVC-O pipes are cost-effective, environment friendly and have enhance mechanical properties than conventionally produced PVC pipes. Availability of the substitutes of PVC pipes such as high-density polyethylene, cross-linked polyethylene, and steel represent a significant threat to the productivity of the PVC pipes manufacturers, thus, preventing the market development.

Among region, Asia Pacific held major market share in the global PVC pipes market in 2020, accounting for 47.11% market share in terms of revenue, this is due to the dominance of China being the biggest manufacturer as well as consumer of PVC pipes. Moreover, development of industries such as pharmaceutical, construction, and agriculture is contributing to the market development. In addition, India is significantly pushing the demand for PVC pipes to the North due to significant investments in its chemical and agricultural industry. However, North America is expected to develop quickly with expanding market size due to the demand for PVC pipes in the agriculture and construction sectors across Canada and the U.S.

Figure 1. Global PVC Pipes Market Revenue Share (%), By Region, 2020

PVC Pipes  | Coherent Market Insights

Market Restraints

 The price of PVC resin, is closely linked to the crude oil prices. Prices of crude oil are extremely volatile due to the Organization of Petroleum Exporting Countries' (OPEC) dominance, which controls 40% of the world's oil supply. Oil prices also change owing to political upheaval, natural disasters, production expenses (refining), and supply and demand swings. As a result, crude oil price variations are expected to have a negative impact on global market growth.

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PVC Pipes Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 55.59 Bn
Historical Data for: 2017, 2018, and 2019 Forecast Period: 2022 to 2028
Forecast Period 2022 to 2028 CAGR: 5.9% 2028 Value Projection: US$ 76.5 Bn
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Type: Unplasticized, Chlorinated, Molecular Oriented, Others (High Impact, etc.)
  • By Application: Irrigation, Water supply, Sewerage, Plumbing, Oil & Gas, Others (HVAC, etc.)
Companies covered:

China Lesso Group Holdings Limited, Hebei Bosoar Pipe Co. Ltd, Plásticos Ferro S.L., Fujian Aton Advanced Materials Science & Technology Co. Ltd., Pipelife Austria Gmbh & Co KG., Georg Fischer Ltd., Astral Pipes, Aliaxis Group S.A., JM Eagle, Inc., Supreme Industries Ltd., and Vinidex Pty Ltd

Growth Drivers:
  • Growth in the global irrigation sector
  • Multiple application of the PVC pipes in the water supply, plumbing, and other sector
Restraints & Challenges:
  • Availability of the substitutes of PVC pipes such as steel, high-density polyethylene, and cross-linked polyethylene

Market Trends

One of the primary driving factors in the market is the growing use of PVC pipes in the construction industry for applications such as water supply, housing and commercial, sewage and drainage, and irrigation. Furthermore, an increase in demand for PVC pipes in variety of applications such as chemical handling, building infrastructure, PVC moulded material, as well as the good physical qualities such as durability, mechanical stability, chemical resistance, mouldability of such pipes, drives rising demand for PVC pipes.

Figure 2. Global PVC Pipes Market Revenue Share (%), By Application, 2020

PVC Pipes  | Coherent Market Insights

On the basis of application, in 2020, water supply segment held the largest revenue share of 27.89% in the global PVC pipes market. Because of the effective replacement of metal and concrete pipes by PVC pipes in the water supply segment. As the world’s population grows so does the demand for water. Furthermore, as compared to metal or concrete pipes, PVC has further advantages such as durability and easy installation.

Global PVC Pipes Market - Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic has rapidly moved from one country to the next throughout the world. To stop the virus from spreading several regions have implemented lockdowns, border restrictions and transportation network disruptions, all of which have a significant impact on the chemical and metal distribution network pricing international trade, complete supply chains and manufacturing operations around the globe. Due to the lockdowns and the reduced demand from the end-use industries such as agriculture, irrigation construction and water supply, declined pricing, supply chain disruptions of raw material. The manufacturers of PVC pipes faced various issues and led to a halt in production during pandemic. As a result, PVC pipes production is also delayed, resulting in a decrease in market growth.

Competitive Section

Major players operating in the global PVC pipes market include China Lesso Group Holdings Limited, Hebei Bosoar Pipe Co. Ltd, Plásticos Ferro S.L., Fujian Aton Advanced Materials Science & Technology Co. Ltd., Pipelife Austria Gmbh & Co KG., Georg Fischer Ltd., Astral Pipes, Aliaxis Group S.A., JM Eagle, Inc., Supreme Industries Ltd., and Vinidex Pty Ltd.

Polyvinyl chloride (PVC) pipes that successfully replace metal pipes in several applications. Due to PVC’s great corrosion resistance, it has been widely utilized in industrial applications from many years, for everything from process cooling water to the transfer of hazardous chemicals. Chemical plants hostile environments as well as transportation of chemicals, create great demands on piping systems in terms of safety, cost, and subsequent maintenance which PVC can meet.

 A free radical chlorination process modifies CPVC, thereby increasing the molecule’s chlorine concentration. CPVC, similar to PVC, is a thermoplastic that is molded into most of the comparable items. Due to this change in composition of CPVC pipes, CPVC pipes can survive a broader range of temperatures. As a result, several construction rules request the utilization of CPVC pipes rather than PVC pipes in hot water operations. Therefore, several construction rules demand the use of CPVC pipes rather than PVC pipes in hot water operations. According to the American Society for Testing and Materials (ASTM) standard, PVC pipes can also be used in situation that don't rise above 140 degrees Fahrenheit. PVC saves electricity and water by forming almost leak-free pipelines that are resistant to corrosion and environmental factors. The breakdown percentage of PVC equipment is as low as 1% of that of cast metal equipment.

For instance, in May 2021, Pipelife is a leading supplier of piping system solutions for infrastructure, buildings and agriculture. Launched a new generation pipes manufactured using BIOVYN, the world's first commercially available bio-attributed PVC from INOVYN, which delivers a greenhouse gas saving of more than 90% compared to conventionally produced PVC.

Key features of the study:

  • This report provides in-depth analysis of global PVC pipes market, and provides market size (US$ Billion and Kilotons) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global PVC pipes market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include China Lesso Group Holdings Limited, Hebei Bosoar Pipe Co. Ltd, Plásticos Ferro S.L., Fujian Aton Advanced Materials Science & Technology Co. Ltd., Pipelife Austria Gmbh & Co KG., Georg Fischer Ltd., Astral Pipes, Aliaxis Group S.A., JM Eagle Inc., Supreme Industries Ltd., and Vinidex Pty Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global PVC pipes market report caters to various stakeholders in this industry including investors, suppliers PVC pipes manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global PVC pipes market

Detailed Segmentation:

  • Global PVC Pipes Market, By Type:
    • Unplasticized
    • Chlorinated
    • Molecular Oriented
    • Others (High Impact, etc.)
  • Global PVC Pipes Market, By Application:
    • Irrigation
    • Water Supply
    • Sewerage
    • Plumbing
    • Oil & Gas
    • Others (HVAC, etc.)
  • Global PVC Pipes Market, By Region:
    • North America
      • By Country:
        • U.S
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • China Lesso Group Holdings Limited
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Hebei Bosoar Pipe Co. Ltd.
    • Plásticos Ferro S.L.
    • Fujian Aton Advanced Materials Science & Technology Co. Ltd.
    • Pipelife Austria Gmbh & Co KG
    • Georg Fischer Ltd.
    • Astral Pipes
    • Aliaxis Group S.A.
    • JM Eagle, Inc.
    • Supreme Industries Ltd.
    • Vinidex Pty Ltd

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global PVC pipes market is estimated to surpass US$ 76.5 billion by 2028 and is expected to exhibit a CAGR of 5.9% between 2021 and 2028.
Increased government emphasis and understanding of clean water supply in rural areas is expected to drive growth of the market during the forecast period.
The introduction of PVC-O (oriented) pipes that are environment friendly is expanding the application of PVC pipes in end user industries, which is one of the key trends in the market.
PVC pipe replacements such as HDPE and ABS is expected to hamper the growth of the market.
Major players operating in the market include China Lesso Group Holdings Limited, Hebei Bosoar Pipe Co. Ltd, Plásticos Ferro S.L., Fujian Aton Advanced Materials Science & Technology Co. Ltd., Pipelife Austria Gmbh & Co KG., Georg Fischer Ltd., Astral Pipes, Aliaxis Group S.A., JM Eagle, Inc., Supreme Industries Ltd., and Vinidex Pty Ltd.
The market was estimated to be valued at US$ 55.59 billion in terms of revenue in 2021.

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