The Rising need in the Construction Sector in Coming years is Expected to Drive the Global PVC Pipes Market during the Forecast Period

Market Research Future (MRFR) announces the publication of a cooked research report on the “Global PVC pipes market” that contains information from 2022 to 2030. 

MRFR recognizes the following companies as the key players in the global PVC pipes market—are Polypipe Plc (UK), National Pipe and Plastics, Inc. (US), Astral Polytechnik Limited (India), Advanced Drainage Systems, Inc. (US), Amanco (Brazil), China Lesso Group Holdings Ltd. (China), IPEX Inc (Canada), JM Eagle Inc (US), NAPCO (US), and Finolex Industries Ltd (India), among others.

Market Highlights

The global PVC pipes market is projected to be valued at USD 87.2 billion by the end of 2030, registering a CAGR of 5.79% during the forecast period.

PVC pipes are one of the most widely used and versatile plastic piping systems across the world. Compared to metal and concrete pipes, the PVC pipes are exceptionally strong and durable. These pipes are completely resistant to corrosion and exhibit minimal risk of succumbing to thermal expansion or contraction. Moreover, PVC pipes are extremely lightweight compared to traditional piping materials and can be easily installed with minimal risk of piping failure. Improvements in production technology have made it possible to produce PVC pipes in varying lengths, wall thicknesses, and diameters as per the end users' specific needs.

The growing adoption of PVC pipes in the construction industry is expected to drive the demand for PVC pipes in the upcoming period. In addition, growing investments in the water and wastewater treatment industries are anticipated to further propel the demand for PVC pipes. The technological advancements in bio-attributed PVC materials are likely to offer immense growth opportunities for the overall market. However, volatile raw materials prices are expected to hamper the growth of the global PVC pipes market in the coming years.

Covid Impact Analysis

The restrictions on travel, logistics, and one on one meetings coupled with lockdown and curfews to limit the spread of the coronavirushave negatively impactedPVC pipesproduction due to the disruption in the supply chain across the globe. The global pandemic has led to a tight supply of the products primarily due to the reduced operating capacities of production plants globally. Moreover, the manufacturers are facing problemsowing to the disruptions in raw material supply and fluctuations of its prices. Furthermore, the companies are working aggressively towards safeguarding their employees' health and well-being andsupporting the government goals of maintaining critical business activities in healthcare, power generation, and food production. For instance, Polypipe Group Plc supplied ventilation equipment to hospitals during the pandemic.

Although the manufacturers have seen a decline in their revenue, some companies have reeached new growth rates. For instance, the China LESSO Group Holding Limited, a leading PVC pipes manufacturer, reported 6.6% revenue growth against the adversity in 2020.

Furthermore, with the ease of lockdowns in various regions, manufacturers are now coping up and are managing to fulfill customers’ requirements at a similar level as the pre-COVID era.

Segment Analysis

The global PVC pipes market has been segmented on the basis of type, application, end use, and region.

By type, the PVC pipes market is segmented into post-chlorinated, plasticized, and unplasticized. The post-chlorinated segment is expected to dominate the global PVC pipes market in 2020 with a market share of over 50%, registering a CAGR of over 6.0% during the forecast period.Post-chlorinated PVC pipes are produced by chlorination of PVC, which areconsiderably more flexible and can withstand high temperatures. They are mostly used to deliver hot and cold waters to the industries. Furthermore, they are also considered safe for transport and in the use of potable water.

Based on application, the global PVC pipes market has been segmented into sewerage, plumbing, water supply, oil & gas, irrigation, and others. Among these, the water supply segment accounted for the largest market share of over 20% in 2020 and is projected to register the highest CAGR of over 6.5% during the assessment period.PVC pipes are majorly used to supply water for household purposes, industrial water, which includes hot and cold water, as well as to supply water for agriculture applications such as irrigation. Owing to these factors, the water supply segment is expected to gain major traction during the coming years.

Based on end use, the global PVC pipes market has been segmented into agriculture, building & construction, telecommunication, and others. Among these, the agriculture segment accounted for the largest market share of over 40% in 2020.PVC pipes are extensively used in the agriculture industry on a large scale to supply water to the farm. An increase in the global population, growing demand for food supply, and rising development in the agriculture industry are factors expected to fuel the growth of the segment during the review period.

Key Findings of the Study:

• The global PVC pipes market is projected to reach a value of USD 87.2 billion by 2030, with a CAGR of around 5.79%during the forecast period of 2022–2030.
  
  
  
  • Asia-Pacific accounted for the largest market share in 2020. This is due to the presence of major end users in the region, such as India, China, Thailand, and Indonesia, etc.
  
  
  • Asia-Pacific is expected to be the fastest-growing regional market due to the fast-paced industrialization and urbanization in emerging economies such as India, China, Thailand, and Malaysia as well as high demand from the construction and water supply sector.
  
  
  
  

The market in the Europe region is the second-fastest-growing market owing to the expanding agriculturalbase along with other end uses.Get Full Report Details: PVC Pipes Industry