Pvc Pipe Market Growth | Size, Business Opportunities, Competitive Landscape, Revenue, 2031

Allied Market Research recently unveiled its comprehensive report, "PVC Pipe Market: Global Opportunity Analysis and Industry Forecast, 2022-2031," shedding light on the remarkable growth trajectory of the global PVC pipes market. In 2021, the industry amassed $6.3 billion and is poised to soar to $12.1 billion by 2031, boasting a robust CAGR of 5.5% from 2022 to 2031.

Key Drivers of Market Growth:

The surge in demand from construction and agriculture applications is fueling the expansion of the global PVC pipes market. Despite challenges posed by fluctuating raw material prices, emerging economies present new avenues for growth.

Explore the Detailed Report Brochure Here: https://www.alliedmarketresearch.com/request-sample/1766
Navigating Through the Covid-19 Pandemic:

The market faced setbacks during the Covid-19 pandemic, with disruptions in the supply chain, prolonged lockdowns, and raw material price fluctuations. However, with governments easing lockdown regulations, the market is poised for recovery.

PVC Resins Segment Dominates:

Among materials, PVC resins emerged as the frontrunner in 2021, capturing over two-thirds of the global PVC pipes market. Their cost-effectiveness and versatility make them a preferred choice. Expect the stabilizers segment to exhibit the highest CAGR of 6.1%, driven by increased demand for pipe protection against heat, UV, and mechanical degradation.

Uncover Detailed COVID-19 Impact Analysis Here:https://www.alliedmarketresearch.com/request-for-customization/1766?reqfor=covid
Plumbing Segment Leads Growth:

In applications, the plumbing segment is forecasted to witness the highest CAGR of 6.1% from 2022 to 2031, fueled by heightened construction activities. Meanwhile, the sewer & drain segment dominated in 2021, benefiting from increased government spending on water and wastewater management.

Asia-Pacific Leads the Charge:

Geographically, Asia-Pacific spearheaded the global PVC pipes market in 2021, followed by North America. With a projected CAGR of 5.8%, Asia-Pacific is expected to maintain its lead, driven by escalating construction activities, population growth, and government investments in water and wastewater treatment.

Explore Procurement Options Here: https://www.alliedmarketresearch.com/pvc-pipes-market/purchase-options
Major Players Driving Innovation:

Industry giants such as Advanced Drainage Systems, Inc., China Lesso Group Holdings Ltd., and JM Eagle Company, Inc. are at the forefront of innovation, shaping the future of the PVC pipes market.

𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Green Building Materials Market
https://www.alliedmarketresearch.com/green-building-materials-market

Oleochemicals Market
https://www.alliedmarketresearch.com/oleochemicals-market

CFRP Market
https://www.alliedmarketresearch.com/carbon-fiber-reinforced-plastic-cfrp-market

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.