Plastic Pipes And Pipe Fittings Global Market Revenue $127.6 Billion at a CAGR of 9.6% by 2028 | WL Plastics Inc., Lincoln Plastics Inc., NewAge Industries Inc., JM Eagle Inc., Wavin B.V.

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Plastic Pipes And Pipe Fittings Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $127.6 billion In 2028 At A CAGR Of 9.6% :

The plastic pipes and pipe fittings market size has grown rapidly in recent years. It will grow from $80.27 billion in 2023 to $88.52 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to urbanization and infrastructure development, replacement of traditional materials, water and wastewater management, construction industry growth, advancements in plastic technologies..

The plastic pipes and pipe fittings market size is expected to see rapidly grown in the next few years. It will grow to $127.6 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to rise in smart city initiatives, focus on sustainable and eco-friendly solutions, expanding agricultural practices, technological innovations in materials, rising demand for hdpe pipes.. Major trends in the forecast period include popularity of multilayer pipes, focus on sustainable and eco-friendly solutions, expansion of oil and gas pipeline infrastructure, technological advancements in pipe fittings, impact of regulatory standards..

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Plastic Pipes And Pipe Fittings Market Major Segments
The plastic pipes and pipe fittings market covered in this report is segmented -
1) By Type: Polyvinyl Chloride (PVC) Pipes, Polyethylene (PE) Pipes, Polypropylene (PP) Pipes, Other Types
2) By Structure: Organized, Un-Organized
3) By Application: Residential Fitting, Water Supply, Sewage Systems, Oil and Gas, Heating, Ventilation And Air-Conditioning Systems (HVAC), Manufacturing, Agricultural Applications, Other Applications

Key Driver - Surging Construction Demand Propels Growth In Plastic Pipes And Pipe Fittings Market

The increased construction demand for housing facilities is expected to propel the growth of the plastic pipes and pipe fitting market. Construction is the process of building physical structures or infrastructure using tools, materials, and techniques to meet certain specifications or requirements. Plastic pipes and pipe fittings are used in construction for plumbing, drainage, and HVAC (heating, ventilation, and air conditioning) systems in houses due to their durability, ease of installation, and cost-effectiveness compared to traditional metal alternatives. For instance, according to data by the Office for National Statistics, a UK-based independent producer of official statistics and the recognized national statistical institute, construction output increased by 1.7% in volume terms in March 2022 in comparison with February data in the UK. The rise in repair and maintenance (3.0%) and new work (1.0%) activity drove the increase in monthly construction production in March 2022. Therefore, the increased construction demand for housing facilities is driving the growth of the plastic pipes and pipe fitting market.

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Prominent Trend - Innovation Drives Evolution In The Plastic Pipes And Pipe Fitting Market

Product innovation is a key trend gaining popularity in the plastic pipes and pipe fitting market. Major companies operating in the plastic pipes and pipe fitting market are developing innovative products to sustain their position in the market. For instance, in November 2021, GF Piping Systems, a Switzerland-based piping company, introduced bio-attributed materials to all its market-leading polyvinyl chloride (PVC-U) metric pressure pipes, fittings, and valves produced in Europe. The sustainable PVC resin made using tall oil, a waste product from paper production will see up to 90% reduction in the CO2 emission during production versus conventional PVC while still maintaining the highest quality, durability, and recyclability.

Plastic Pipes And Pipe Fittings Market Players
Major companies operating in the plastic pipes and pipe fittings market report are Available Plastics Inc., Inline Plastics LLC, Kimplas Piping System Limited, WL Plastics Inc., Applied Plastics Co. Inc., Lincoln Plastics Inc., NewAge Industries Inc., Ductile Iron Pipe Manufacturers, Omega Plastics Inc., Contech Engineered Solutions LLC, W.P. Law Inc., Interstate Pipe & Supply Co. Inc., Continental Steel & Tube Co. Inc., Compressed Air Systems Inc., Emco Industrial Plastics LLC, Aliaxis Group SA, ArcelorMittal SA, BASF SE, Charlotte Pipe and Foundry Co., Victaulic Co., Caylor Industrial Sales Inc., Colonial Teltek, Guenther Supply Inc., JM Eagle Inc., Wavin B.V., Pipelife International GmbH, China Lesso Group Holdings Limited, IPEX Inc., Chevron Phillips Chemical Company LP, GPS PE Pipe Systems, Georg Fischer Harvel LLC, Astral Poly Technik Limited, Advanced Drainage Systems Inc., Sekisui America Corporation, Polygon Company Limited, Rifeng Enterprise Group Co. Ltd., Weixing New Material Co. Ltd., Kubota ChemiX Corporation, Dutron Polymers Limited, Aquatherm GmbH, Nanxin Pipeline Piping Co. Ltd., Hsiung Yeu Enterprise Co. Ltd., Pestan Plastics LLC, Charter Plastics Inc., Advanced Plastic Industries Inc., Alphacan SpA, Borealis AG, Georg Fischer LLC .

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the plastic pipes and pipe fitting market in 2023. North America is expected to be the fastest-growing region in the plastic pipes and pipe fitting market report during the forecast period. The regions covered in the plastic pipes and pipe fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Plastic Pipes And Pipe Fittings Market Report Structure
3. Plastic Pipes And Pipe Fittings Market Trends And Strategies
4. Plastic Pipes And Pipe Fittings Market - Macro Economic Scenario
5. Plastic Pipes And Pipe Fittings Market Size And Growth
…..
27. Plastic Pipes And Pipe Fittings Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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