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Plastic Pipes And Pipe Fittings Market Landscape 2025: Forecast Data and Growth Strategy Insights
Plastic Pipes And Pipe Fittings Market
What Is the Expected CAGR for the Plastic Pipes And Pipe Fittings Market Through 2025?
The market size for plastic pipes and pipe fittings has seen a significant increase in recent times. The market is projected to rise from $88.03 billion in 2024 to $96.52 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.6%. Factors contributing to this growth during the historic period include urbanization and infrastructure development, substitution of old-fashioned materials, water and wastewater management, the expansion of the construction sector, and advances in plastic technologies.
What's the Projected Size of the Global Plastic Pipes And Pipe Fittings Market by 2029?
The market size of plastic pipes and pipe fittings is projected to witness significant growth in the forthcoming years, expanding to $138.36 billion by 2029, with a compound annual growth rate (CAGR) of 9.4%. This projected growth within the forecast period can be credited to the increase in smart city projects, the emphasis on sustainable and environmentally-friendly solutions, advancements in agricultural practices, and material innovations in the technology sector. The rise in demand for HDPE pipes is another contributing factor. Emerging trends during this period include the growing popularity of multilayer pipes, the focus on green and sustainable solutions, the enlargement of oil and gas pipeline infrastructure, advances in pipe fitting technology, and the influence of regulatory standards.
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Top Growth Drivers in the Plastic Pipes And Pipe Fittings Industry: What's Accelerating the Market?
The surge in demand for housing facilities construction is predicted to fuel the expansion of the plastic pipes and pipe fitting market. Construction involves creating physical structures or infrastructure with certain specifications or necessities, using specific tools, materials, and systems. Plastic pipes and accessories find applications in construction such as drainage, HVAC (heating, ventilation, and air conditioning), and plumbing in homes. This is due to their durability, easy installation process, and cost-effectiveness in comparison to traditional metal alternatives. For instance, the Office for National Statistics, an authority based in the UK, reported in November 2023 that total construction work saw a rise by $19781.69 million in 2022, with an increase in both private and public new works at 16.8% and 13.1% respectively, compared to 2021. Consequently, the surge in housing facilities construction demand is boosting the plastic pipes and pipe fitting market's growth.
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What Trends Will Shape the Plastic Pipes And Pipe Fittings Market Through 2029 and Beyond?
Prominent players in the plastic pipes and pipe fitting market are adapting to the increasing demands for reliability and efficiency by integrating high-performing materials such as polyphenylene sulfide (PPS) - a semi-crystalline thermoplastic known for its superior thermal stability, chemical resistance and mechanical robustness. Using such materials enhances the overall quality of the products, making them apt for heavy-duty processes in the automotive, industrial and electronic sectors. For instance, in September 2024, a Belgian chemical firm, Syensqo, introduced an advanced extrudable PPS material, Ryton PPS XE-5000NA, which is optimised for high-performance pipe applications. This material, which offers notable chemical and permeation resistance, is ideally used in inner liners, stand-alone and composite pipes, rendering it ideal for high-temperature and high-pressure environments. Ryton PPS XE-5000NA has excellent extrusion properties boosting its processability, whilst ensuring durability, marking it as a potential replacement for traditional piping materials such as polyethylene and polyamide.
What Are the Main Segments in the Plastic Pipes And Pipe Fittings Market?
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
Subsegments:
1) By Polyvinyl Chloride (PVC) Pipes: Rigid PVC Pipes, Flexible PVC Pipes, PVC-O Pipes
2) By Polyethylene (PE) Pipes: High-Density Polyethylene (HDPE) Pipes, Low-Density Polyethylene (LDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes
3) By Polypropylene (PP) Pipes: Homopolymer PP Pipes, Copolymer PP Pipes
4) By Other Types: Acrylonitrile Butadiene Styrene (ABS) Pipes, Polybutylene (PB) Pipes, Reinforced Thermoplastic Pipes (RTP)
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Which Top Companies are Driving Growth in the Plastic Pipes And Pipe Fittings Market?
Major companies operating in the plastic pipes and pipe fittings market include Available Plastics Inc., Inline Plastics LLC, Kimplas Piping System Limited, WL Plastics Inc., Applied Plastics Co. Inc., Lincoln Plastics Inc., NewAge Industries Inc., Omega Plastics Inc., Contech Engineered Solutions LLC, W.P. Law Inc., Interstate Pipe & Supply Co. Inc., Emco Industrial Plastics LLC, Aliaxis Group 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, 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
Which Regions Will Dominate the Plastic Pipes And Pipe Fittings Market Through 2029?
The countries covered in the plastic pipes and pipe fittings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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