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Global Plastic Pipes Market Overview
Plastic Pipes Market Size was valued at USD 12 Billion in 2022. The Plastic Pipes market industry is projected to grow from USD 25 Billion in 2023 to USD 40 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.00% during the forecast period (2024 - 2030). The growth in demand for the oil and gas segment across the industrial and home applications along with the rise in demand for the pipeline projects steers up the plastic pipes are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Plastic Pipes Market Trends
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Rise in demand for pipeline projects to boost market growth
The demand for pipeline projects has been a key driver for the growth of the plastic pipes market in recent years. This is because plastic pipes offer several advantages over traditional metal pipes, such as lower cost, greater flexibility, and resistance to corrosion and abrasion.
In particular, the growth of the oil and gas industry has driven the demand for plastic pipes, as they are widely used in the construction of pipelines for transporting oil, gas, and other hydrocarbons. Additionally, the increasing demand for water supply and sewage treatment infrastructure has also contributed to the growth of the plastic pipes market, as plastic pipes are often used in these applications as well. Other factors driving the growth of the plastic pipes market include the increasing use of plastic pipes in the construction industry, the development of new plastic pipe materials with improved properties, and the growing popularity of plastic pipes in emerging economies. Therefore, such factors related to Plastic Pipes have enhanced the Plastic Pipes market CAGR across the globe in recent years.
Plastic Pipes Market Segment Insights
Plastic Pipes Material Insights
The Plastic Pipes market segmentation, based on material, includes PVC, PE (HDPE, and LDPE), PP, and others. The PVC segment held the majority share in 2022 of the Plastic Pipes market revenue. PVC pipes are widely used in various applications such as water supply, sewerage, drainage, and gas transmission, among others, due to their cost-effectiveness, durability, and resistance to corrosion.
Plastic Pipes End-Use Insights
Based on end-use, the Plastic Pipes market segmentation includes Construction (Residential and Non-residential), Oil & Gas, Water & wastewater, Agriculture, and Chemicals. The Water & wastewater segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. The increasing demand for plastic pipes in water supply and sewage treatment infrastructure projects, particularly in emerging economies, is expected to drive the growth of this segment. Additionally, the rise in population, urbanization, and industrialization has led to an increase in demand for water and wastewater management, which further supports the growth of this segment. These all factors for Plastic Pipes positively impact the market growth.
Figure 2: Plastic Pipes Market, by Material, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Plastic Pipes Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is currently one of the fastest-growing regions in the plastic pipes market, driven by factors such as rapid urbanization, growing population, and increasing investments in infrastructure development.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Figure 3: PLASTIC PIPES MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s Plastic Pipes market accounts for the third-largest market share. The growth of the market in Europe is relatively slower compared to other regions due to factors such as the maturity of the market, slow economic growth, and stringent regulations governing the use of plastic pipes. Further, the Germany Plastic Pipes market held the largest market share, and the UK Plastic Pipes market was the fastest-growing market in the European region.
North America, Plastic Pipes market, is expected to hold the largest market share from 2023 to 2030. The growth of the plastic pipes market in North America can be attributed to the increasing investments in infrastructure development, especially in the water supply and wastewater management sector. Additionally, the growing demand for plastic pipes in the oil and gas industry and the construction sector has also contributed to the growth of the market in this region. The availability of advanced technologies and the presence of major players in the region have also supported the growth of the plastic pipes market in North America. Moreover, the U.S. Plastic Pipes market held the largest market share, and the Canada Plastic Pipes market was the fastest-growing market in the North American region.
Plastic Pipes Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Plastic Pipes market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Plastic Pipes industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Plastic Pipes. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Plastic Pipes industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Plastic Pipes industry to benefit customers and expand the market sector. Major Plastic Pipes market players, including Aliaxis Group S.A., Wienerberger AG, Mexichem SAB de CV, JM Eagle, Inc., ASTRAL POLYTECHNIK LIMITED, China Lesso Group Holdings Ltd., Pipe Corporation, Finolex Industries Ltd., Georg Fischer Ltd., and Hilliard, OH, and others, are attempting to increase market demand by funding R&D initiatives.
Aliaxis Group S.A. is a leader in the manufacturing and distribution of plastic piping systems and solutions. The company offers a wide range of products, including PVC pipes, PE pipes, PP pipes, and composite pipes, as well as fittings and accessories for various applications such as water supply, drainage, gas transmission, and industrial processes.
Wienerberger AG is a leading manufacturer of clay building materials and infrastructure solutions, including plastic pipes. The company offers a wide range of plastic pipes for various applications such as water supply, sewerage, and drainage, and has a strong presence in Europe and North America. Wienerberger AG's plastic pipes are made from high-quality materials such as PVC and PP and are known for their durability, corrosion resistance, and low maintenance requirements.
List of the Key Companies in the Plastic Pipes Market Includes
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Aliaxis Group S.A.
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Wienerberger AG
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Mexichem SAB de CV
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ASTRAL POLYTECHNIK LIMITED
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China Lesso Group Holdings Ltd.
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Pipe Corporation
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Finolex Industries Ltd.
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Hilliard among others
Plastic Pipes Industry Developments
December 2021:Â Pipe Corporation, a subsidiary of Westlake Chemical Corporation has announced the launch of a new product, molecularly oriented PVC (PVCO) pipe.
Plastic Pipes Market Segmentation
Plastic Pipes Material Outlook
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PVC
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PE (HDPE, and LDPE)
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PP
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Others
Plastic Pipes End-Use Outlook
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Construction (Residential and Non-residential)
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Oil & Gas
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Water & Wastewater
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Agriculture
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Chemicals
Plastic Pipes Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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