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Growth of the Global PVC Pipes and Fittings Market is Increasing With Increasing Urbanization
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Global PVC Pipes and Fittings Market - Drivers and Restraints
The global PVC pipes and fittings market is anticipated to grow during the forecast period. The demand for the global PVC pipes and fittings market is growing due to several reasons. The PVC pipes and fittings are used in new building construction and also in the existing buildings. The increasing urbanization raising the demand of the PVC pipes and fittings. The demand of PVC pipes and fittings market is rising as the replacement of existing pipes and fittings made of iron and steel due to several disadvantages such as corrosion, heavy, and high cost of steel and iron pipes and fittings. The market for PVC pipes and fittings is growing as the PVC pipes and fittings can withstand higher temperatures without getting rusted or wear and tear. Some industrial chemicals react with the iron, copper, steel pipes and fittings etc.
There are some restraints which may hinder the growth of the PVC pipes and fittings market. One of the factors that may hinder the growth of the global PVC pipes and fittings market is that the long usage of PVC pipes for the supply of drinking water may be hazardous, the taste of water can be as the taste of the PVC pipes. Another restraint can be the disposal of PVC pipes and fittings releases greenhouse gases which pollute the environment.
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Global PVC Pipes and Fittings Market - Segmentation
The global PVC pipes and fittings market can be segmented on the basis of product type, on the basis of applications and others.
On the basis of product type, PVC pipes and fittings are of different types such as chlorinated polyvinyl chloride pipes and fittings (CPVC), unplasticized polyvinyl chloride pipes and fittings and others.
On the basis of applications, PVC pipes and fittings have various applications such as building & construction, agricultural, sewage, water supply, industrial chemical industries, plumbing, and others.
Global PVC Pipes and Fittings Market - Regional Outlook:
The global PVC pipes and fittings market is segmented on the basis of regions such as North America, Latin America, Asia-Pacific (APAC), Europe and Middle East & Africa. China is expected to be the dominating country in APAC for PVC pipes and fittings market due to commercialization in the country. India is also contributing to the PVC pipes and fittings market due to investments in the chemical industries and agricultural industries. U.S. and Canada in the North America region have boosted the growth of the PVC pipes and fittings market.
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Global PVC Pipes and Fittings Market - Key Players
Some of the players of the PVC pipes and fittings market are Finolex Industries, Prince Pipes and Fittings Ltd., Bow Plastics Ltd., Royal PVC Pvt. Ltd., Ori-Plast Ltd., Avon Plast Ltd., Kisan Mouldings Ltd., Tulsi Extrusion Ltd., Skipper Ltd., JM Eagle Inc. and others.
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