According to TechSci Research report, “Global PVC Pipes Market By Type, By Product Form, By Material, By Size, By Application, By End-Use, By Region, Competition, Forecast & Opportunities, 2025”, global PVC pipe market is expected to grow at CAGR of around 6% over the forecast period.
The Important Elements of the Global PVC Pipes Market
PVC pipes are corrosion-resistant, easy to install & handle, flame resistant, cost-effective, and environmentally safe, with long service life, which is estimated to boost the demand for PVC pipes over the coming years. Moreover, increasing government focus on water management by investing more in water irrigation projects is positively influencing the growth of global PVC pipes through the forecast years.
However, the presence of better alternatives like HDPE, ABS, and toxicity concerns related to PVC materials are some of the factors that might hamper the market growth through 2025.
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The global PVC pipes market can be segmented based on type, product form, material, size, application, end-user, and region. Considering the applications, the market is fragmented into irrigation, water supply, sewerage, industrial, HVAC, and others. The water supply application dominated the global PVC pipe market with around USD24 billion in revenue in 2019 owing to their durability, low cost, and easy-to-install properties. The water supply application segment is estimated to record the highest growth during the next 5 years, which can be attributed to rapid urbanization and rising investments in water distribution projects.
The Major Competitors of the Global PVC Pipe Market
- Advanced Drainage Systems, Inc.
- China Lesso Group Holdings Ltd.
- Egeplast a.s.
- Finolex Industries Ltd
- JM Eagle Company, Inc.
- North American Pipe Corporation
- Pipelife International GmbH
- Plastika AS
- Polypipe Plc
- Sekisui Chemical Company Ltd. among others is the leading player operating in the global PVC pipes market.
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“Asia-Pacific is forecast to dominate the global PVC pipe market in the next 5 years on account of significant investments in agriculture and chemical industries in developing countries like China and India. Moreover, rapid infrastructure development coupled with rural drinking water programs are further boosting the regional market growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“Global PVC Pipes Market By Type, By Product Form, By Material, By Size, By Application, By End-Use, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of the global PVC pipe market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global PVC pipe market.
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