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 pipes market is expected to grow at CAGR of around 6% over the forecast period. 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 on the water irrigation projects is positively influencing the growth of global PVC pipes through the forecast years. However, 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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Global PVC pipes market can be segmented based on type, product form, material, size, application, end-use 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 pipes market with around USD24 billion revenue in 2019 owing to their durability, low cost and easy to install properties. The water supply application segment is estimated to record highest growth during the next 5 years, which can be attributed to rapid urbanization and rising investments on water distribution projects.
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 are the leading players operating in global PVC pipes market.
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“Asia-Pacific is forecast to dominate the global PVC pipes market in the next 5 years on the 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.
“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 global PVC pipes 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 global PVC pipes market.
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Source: TechSci Research