The Plastic Pipes And Pipe Fittings Global Market Report 2023 by The Business Research Company, provides plastic pipes and pipe fittings market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Plastic Pipes And Pipe Fittings Global Market Report 2023, the global plastic pipes and pipe fitting market size is expected to grow from $72.52 billion in 2022 to $80.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global plastic pipes and pipe fitting market is expected to reach $115.23 billion in 2027 at a CAGR of 9.5%.
The increased construction demand for housing facilities is expected to propel the growth of the plastic pipes and pipe fitting market. Construction is the process of building physical structures or infrastructure using tools, materials, and techniques to meet certain specifications or requirements. Plastic pipes and pipe fittings are used in construction for plumbing, drainage, and HVAC (heating, ventilation, and air conditioning) systems in houses due to their durability, ease of installation, and cost-effectiveness compared to traditional metal alternatives.
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The plastic pipes and pipe fittings market is segmented:
1) By Type: Polyvinyl Chloride (PVC) Pipes, Polyethylene (PE) Pipes, Polypropylene (PP) Pipes, Other Types
2) By Structure: Organized, Un-Organized
3) By Application: Residential Fitting, Water Supply, Sewage Systems, Oil and Gas, Heating, Ventilation And Air-Conditioning Systems (HVAC), Manufacturing, Agricultural Applications, Other Applications
Product innovation is a key trend gaining popularity in the plastic pipes and pipe fitting market. Major companies operating in the plastic pipes and pipe fitting market are developing innovative products to sustain their position in the market. For instance, in November 2021, GF Piping Systems, a Switzerland-based piping company, introduced bio-attributed materials to all of its market-leading polyvinyl chloride (PVC-U) metric pressure pipes, fittings, and valves produced in Europe. The sustainable PVC resin, made using tall oil, a waste product from paper production will see up to 90% reduction in the CO2 emission during production versus conventional PVC while still maintaining the highest quality, durability, and recyclability.
The plastic pipes and pipe fittings market report table of contents includes:
- Executive Summary
- Plastic Pipes And Pipe Fittings Market Characteristics
- Plastic Pipes And Pipe Fittings Market Trends And Strategies
- Plastic Pipes And Pipe Fittings Market – Macro Economic Scenario
- Plastic Pipes And Pipe Fittings Market Size And Growth
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- Africa Plastic Pipes And Pipe Fittings Market
- Plastic Pipes And Pipe Fittings Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Plastic Pipes And Pipe Fittings Market
- Plastic Pipes And Pipe Fittings Market Future Outlook and Potential Analysis
- Appendix
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