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PVC Pipe Market increasing demand from irrigation and construction, concentration of rural water resources management, and rapid urbanization sector

03-26-2019 10:25 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

PVC Pipe Market

PVC Pipe Market

The PVC pipe market is expected to reach $ 85,565 million by 2022 and is expected to grow at an annual average rate of 7.9% from 2016 to 2022. Non-ductile PVC pipe segments are expected to remain dominant in terms of revenue generation over the forecast period. China has taken a leading position in the global market in 2015 and is expected to remain at the forefront.

The PVC pipe market is entering a maturity phase. In this industry, most players focus on solidifying their market position through strategic expansion and product launches. The main factors driving demand for PVC pipes include increasing demand for irrigation and construction, concentration of rural water resources management, and rapid urbanization. However, alternative substitutes such as HDPE and ABS and toxicity of PVC materials are expected to curb market growth. In addition, the need for clean water in rural areas, increased awareness and increased investment in developing countries are expected to provide significant opportunities for industrial players across the value chain.

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The major companies profiled in the report include
• Advanced Drainage Systems Inc.
• China Lesso Group Holdings Ltd.
• Egeplast A.S.
• Finolex Industries Ltd
• IPEX Inc
• JM Eagle Company Inc.
• North American Pipe Corporation
• Pipelife International GmbH
• Plastika AS
• Polypipe Plc
• Royal Building Products
• Sekisui Chemical Company Ltd
• Tessenderlo Group
• Tigre SA
• Formosa Plastics Group.

In 2015, uPVC pipes accounted for the largest market share in sales, followed by plasticized PVC pipes and PVC pipes. Significant dissemination in applications such as rugged plumbing, sewerage and drainage, and HVAC fuel the demand for uPVC pipes. In the same year, the polyvinyl chloride (PVC) resin market reached 2/3 of the market share followed by lubricants and pigment dyes. Typical rigid PVC pipes can add about 7585% of PVC resin along with lubricants, pigments, pigment-based, plasticizers, stabilizers and others to improve its performance.

In 2015, sewers and drainage were the largest applications of imports, with over a quarter of supply, water supply and irrigation. Low cost, easy installation and long life cycle costs are the factors driving demand for PVC pipes in sewer & drainage applications. In recent years, demand has increased significantly due to the replacement of traditional metal pipes. The excellent properties of PVC pipes have increased penetration power over a wide range of applications due to their superior performance over traditional piping systems.

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Key Findings of the PVC Pipe Market:
• Asia-Pacific is expected to continue to lead the global PVC pipe market, growing at the highest CAGR of 8.3%, in terms of revenue, from 2016 to 2022.
• Sewer & drain occupied more than one-third share of the total market volume in 2015.
• In the year 2015, the unplasticized type pipe segment occupied around three-fifths share of the global market, in terms of revenue.
• China is the largest country in terms of demand and supply for PVC pipes.

In the year 2015, Asia-Pacific accounted for almost half of the worldwide demand for PVC pipe and is expected to maintain its lead position throughout the forecast period. Further, this region is projected to be the fastest growing region, with a CAGR of 8.3%, followed by LAMEA with 7.7% owing to new infrastructure projects and developments in the rural parts of the region.

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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