The global PVC pipes market was estimated to be valued at US$ 55.59 billion in 2021, according to the PVC Pipes Market Report, by Type (Unplasticized, Chlorinated, Molecular Oriented, and Others (High Impact, etc.)), by Application (Irrigation, Water Supply, Sewerage, Plumbing, Oil & Gas, and Others (HVAC, etc.)), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global PVC pipes market is expected to surpass US$ 76.5 billion by 2028, exhibiting a CAGR of 5.9% during the forecast period (2021-2028). PVC pipes are made by extruding PVC as a raw material, and they generally follow the same procedures as standard pipe extraction processes. PVC pipes have smooth surface that supports faster water flow due to lower friction than piping constructed of other materials such as cast iron or concrete. PVC pipes can be made in a variety of lengths, wall thickness, and diameters to meet international sizing requirements such as DIN 8061, ASTM D1785, and ASTM F441.
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Browse 50 market data tables* and 40 figures* on "PVC Pipes Market” - Global Forecast to 2028.
Key Trends and Analysis of the Global PVC Pipes Market:
- Among region, Europe accounted for the second largest share of 21% in 2020 in the PVC pipes market. Continued development for sewage disposal in the municipal and industrial wastewater industries is causing authorities to commit large sums on proposed pipeline construction as well as the operation and construction of wastewater and water supply monitoring solutions. Increasing food consumption and increasing population has resulted in the increased demand for fresh water. Rapid urbanization in emerging countries such as Indonesia, China, and India has resulted in increased expenditure on infrastructures such as mobility, electricity, and water.
Key Takeaways of the Global PVC Pipes Market:
- Among application, irrigation segment accounted for the second highest market share of 19.34% in 2020, in the global PVC pipes market. The higher growth rates in the coming years are likely to be registered by agriculture PVC pipes rather than by PVC pipes in the real estate sector. In recent years, the amount of the irrigated agriculture area in Western European countries has grown much more slowly than in China or India, for example Brazil and Turkey, too, have a lot of potential for extensive and systematic irrigation. In the agriculture industry, global demand for PVC irrigation and drainage pipes is expected to expand at a rate of roughly 5.7% per year.
- The PVC material offers major advantages for the production of sewage pipes, as it is much lighter than concrete or metal. As a result, PVC drainage pipes may easily be built without the use of heavy machinery. PVC pipes are also considerable easier to transport to the construction site and cut to various sizes. Due to the light weight and solidity of the material, individual pipe parts can be substantially longer, requiring fewer fittings. This drastically minimizes the amount of time it takes to connect the parts. As a result the cost of the civil engineering project can be lowered. Another benefit is that PVC pipes come in a variety of shapes such as non-circular pipes.
- 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.
- Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the global PVC pipes market. For instance, in January 2018, Finolex industry, a pipe manufacturing company, invested US$ 15 million in expanding its pipe manufacturing capacity to 1,000,000 tons in next three years. The company manufactures PVC-U pipes and fittings in a variety of sizes for a variety of uses, including agriculture and non-agriculture applications such as housing, communication industry, construction, and industries.
Global PVC Pipes Market - Impact of Coronavirus (COVID-19) Pandemic
High production of PVC pipes in emerging nations such as China and India is a factor expected to help income growth of the target market in these regions. Growing commercial and residential construction activities in emerging nations is projected to expand development of the target market. During pandemic, increasing cases of COVID-19 and lockdowns imposed by the government of several nations, non-essential activities such as construction had come to a sudden halt. This has adversely affected the sales of PVC pipes around the world.
