The new report by Expert Market Research titled, ‘Global PVC Pipes Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global PVC pipes market, assessing the market based on its segments like applications and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
PVC Pipes Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4.3%
The increasing application of PVC pipes in the water distribution systems of the residential and commercial construction sector is driving the market growth. PVC pipes are crucial for the transportation and storage of water, and act as a useful equipment for irrigation and hydroponic systems. In this regard, the thriving agriculture sector in the emerging economies is anticipated to propel the demand for the product in the forecast period.
Moreover, PVC pipes have a low content of carbon and require only a few resources to manufacture. Hence, the convenience of manufacturing the product is likely to be a major growth driving factor for the market. Geographically, the Asia Pacific region accounts for a significant share of the market owing to the strong foothold of major pipes and fitting companies in the region.
PVC Pipes Industry Definition and Major Segments
PVC pipe is defined as a type of pipe which is made up of polyvinyl chloride resin. The surface of PVC pipe is smooth, which accelerates the flow of water. The thickness, length, and diametre of PVC pipe can vary, according to the need. Some significant properties of PVC pipes include corrosion resistance, high strength, and durability.
On the basis of application, the market can be segmented into:
• Water Supply
• Oil and Gas
The regional markets for PVC pipes include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
PVC Pipes Market Trends
The key trends in the global PVC pipes market include the increasing demand for the product to facilitate various pipe rehabilitation and replacement programmes. Rapid industrialisation, urbanisation, and increasing standards of living are likely to be among the crucial trends propelling the demand for PVC pipes. The increasing utilisation of PVC pipes in the construction sector owing to the rapid infrastructure development activities is likely to be a key trend in the market.
The rising investments in agriculture sector owing to the increasing population is anticipated to boost the market growth further in the coming years.
Key Market Players
The major players in the market are:
- JM Eagle, Inc.
- Finolex Industries Ltd.
- Diamond Plastics Corporation
- National Pipe and Plastics, Inc
- Formosa Plastics Group
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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