PVC Pipe Market Growth, Share, Global Opportunity Analysis and Industry Forecast 2022-2031

According to a new report published by Allied Market Research titled, "PVC Pipe Market, by Material, Type and Application: Global Opportunity Analysis and Industry Forecast, 2022-2031" The PVC pipe market was valued at $6.3 billion in 2021, and is projected to reach $12.1 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

increase in government incentives in water and wastewater treatment is driving the demand for PVC pipes and availability of alternatives like high density polyethylene (HDPE) and toxicity during PVC pipe manufacturing is hindering the market growth. Increase in demand from developing countries is expected to provide lucrative opportunities for the PVC pipe market growth.

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PVC pipes are widely utilized in the construction of water mains, sewage pipes, and irrigation systems. PVC pipes are sturdy, resilient, lightweight, and easily recycled, making them both cost-effective and environmentally friendly. PVC pipes have a smooth surface that supports faster water flow, due to lower friction than pipe constructed of other materials like cast iron or concrete. PVC pipes can be made in a variety of lengths, wall thicknesses, and diameters to meet international sizing requirements like DIN 8061, ASTM F441, and ASTM D1785.

PVC pipes are manufactured by extrusion of raw material PVC and follow the same steps of typical pipe extrusion operations:

►Feeding of raw material pellets / powder into the PVC twin screw extruder

►Melting and heating in multiple extruder zones

►Extruding through a die to shape into a pipe

►Cooling of the shaped pipe

►Cutting of PVC pipes to the desired length

Despite having a similar manufacturing process to that of most plastic piping, PVC pipes have inherent properties that present significant hurdles to pipe makers in terms of both production and market positioning.

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The global demand for PVC pipes is increasing for various reasons. PVC pipes are used in the construction of new buildings as well as existing structures. The need for PVC pipes is increasing, owing to growth in the population. The demand for PVC pipes is increasing as a substitute for existing pipes made of iron and steel, due to many problems such as corrosion, large weight, and high cost of steel and iron pipes. PVC pipes can withstand higher temperatures without rusting or wearing out.

Key Findings of Study

► The PVC pipe market size is provided in terms of million meters and $million.

► The demand for PVC pipes was considered while estimating the market size and not consumption of PVC in pipes application.

► On the basis of type, the unplasticized PVC segment emerged as the global leader, registering 55.1% market share in 2021 in terms of revenue, and is anticipated to continue its dominance during the forecast period.

► On the basis of material, the PVC segment emerged as the global leader, registering 69.2% market share in 2021 in terms of revenue, and is anticipated to continue its dominance during the forecast period.

► Region wise, Asia-Pacific is the major consumer of PVC pipe among other regions. It accounted for around 44.2% of the global market share in 2021 as a result of rapid growth in the construction sector across the region.

► Brazil accounts for 15.5% share in LAMEA PVC pipe market in 2021.

► China grows at a faster rate in Asia-Pacific PVC pipe market, registering a CAGR of 6.0% from 2021 to 2031.

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Key Market Players:

► 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

Similar Reports:

HDPE Pipes Market: https://www.alliedmarketresearch.com/hdpe-pipes-market

PVC Cling Film Market: https://www.alliedmarketresearch.com/pvc-cling-film-market

Rubber Hose Market: https://www.alliedmarketresearch.com/rubber-hose-market

Frequently Asked Questions:

Q1. What are the key factors boosting the PVC pipes market growth?

A. Increased construction activities specially in developing region such as Asia-Pacific owing to increasing population is driving the demand for PVC pipes.

Q2. What will be the market value of PVC pipes in the forecast period 2022 to 2030?

A. The PVC pipe market was valued at $6.3 billion in 2021, and is projected to reach $12.1 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

Q3. What are the most established players of the global PVC pipes market?

A. Tessenderlo Group, Tigre SA, and Formosa Plastics Group, Finolex Industries Ltd, IPEX Inc., JM Eagle Company are some of the most established player of global PVC pipes market.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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