PVC Pipe Market Is Expected to Reach $85,565 Million, Globally, by 2022

Global Pvc Pipe Market size was valued at $54,246 million in 2015, and is anticipated to grow at a CAGR of 6.7% to reach $85,565 million by 2022. Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene & polypropylene. It is beneficial over other materials owing to its chemical resistance, durability, low cost, recyclability, and others; thus, it can replace wood, metal, concrete, and clay in different applications. Piping and piping systems are a major application of PVC resin. PVC pipes are manufactured by extrusion method in a variety of dimensions such as solid wall or cellular core construction. These are corrosion resistant, cost-effective, flame resistant, easy to install & handle, and environmentally sound, with long service life.

PVC pipe has applications in drain-waste-vent (DWV), sewers, water mains, water service lines, irrigation, conduit, and various industrial installations. This report focuses on global PVC pipe market by type, which includes chlorinated, unplasticized, and plasticized PVC pipes. Moreover, it analyzes the status of different type of materials used in the PVC pipe market such as PVC resin, stabilizers, plasticizers, lubricants, pigment base, and others. The report also focuses on the application industries of PVC pipes, including irrigation, water supply, sewerage, plumbing, oil & gas, HVAC, and others.

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Regional analysis of the current market trends as well as the opportunities in the market by analyzing government regulations, policies, and consumer preferences across various geographic regions is conducted and provided. The market value and volumes are further derived using bottom-up approach and by considering price trends. The data are gathered majorly from the secondary sources such as company publications, Hoovers, Factiva, and similar others. Collected data after analysis is validated from the C-level executives and directors of the companies present in the global PVC pipe market.

According to the CXOs of leading companies, growth in investment toward R&D, increase in demand for PVC pipes in various applications, and excellent physical properties of these pipes drive its demand among various end users. PVC pipes are usually used in construction sector for building sewer & drain systems and water supply. However, factors such as carcinogenic property of PVC and toxicity to environment may hamper the market growth. Currently, the sewer & drain and water supply are the major applications for PVC pipes. As per the CXOs, the demand for PVC pipes is expected to witness significant growth in all the regions, owing to its physical properties and opportunities that they create for market players.

The key players in the global PVC pipe market adopted expansion, R&D, product launch, acquisition, and joint venture to sustain the intense market competition. The stakeholders in this market include PVC pipe providers who distribute their products to several application industries globally. Data pertaining to market players and their strategic moves are obtained through press releases of companies, blogs, and primary calls to the experts in the industry.

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Sewer & drain is the most lucrative application followed by water supply, irrigation, plumbing, and others. Significant demand for PVC pipes in various industries and infrastructural development occurring in emerging economies are projected to drive the demand for PVC pipes in the global market. EPA, REACH, and other regulatory bodies have stated separate guidelines for use of PVC material in various industries to control and safeguard the interest of consumers. Asia-Pacific is the major region that drives the demand for PVC pipe products, owing to increase in construction and irrigation sector.

Certain plastics can replace PVC in pipes such as high-density polyethylene (HDPE) and acrylonitrile-butadiene-styrene (ABS). These materials possess specific advantages over PVC such as they are less costly, more environment friendly, lighter in weight, and more flexible. In addition, ABS & HDPE pipes are well suited for oil & gas and chemical industries, ground & underground installations, and indoor piping applications, against PVC pipes. These pipes do not require plasticizers & stabilizers unlike PVC pipes and can be modified to have specific properties of PVC pipes. All the above mentioned factors may limit the PVC pipe market during the forecast period.

According to the World Bank, 80% population of rural areas do not have access to safe drinking water. It is a proven fact that poor water quality leads to a variety of diseases. For instance, a survey conducted in India revealed that annually about 37.7 million Indians get affected by waterborne diseases, of which 1.5 million children die of diarrhea. Similarly, Africans also suffer from the same problem. WHO in 2006 estimated that only 16% of sub-Saharan Africa had access to clean drinking water through household connection such as indoor tap or tap in lawns. All these factors attracted major organizations such as World Bank to work closely with regional governments to expand access to clean & safe drinking water in rural areas. To fulfil this purpose, PVC pipes act as primary medium to provide clean & safe water in rural areas. Further, maximum rural areas are still out of reach for clean water, and governments & organizations are working on these plans. Growth in the number of clean water supply projects is estimated to provide immense opportunity to the PVC pipe suppliers.

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