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Driving Plastic Pipes And Pipe Fittings Market Growth in 2025: The Role of Surging Construction Demand Propels Growth In Plastic Pipes And Pipe Fittings Market
Plastic Pipes And Pipe Fittings Market
Plastic Pipes And Pipe Fittings Market Size Growth Forecast: What to Expect by 2025?
The plastic pipes and pipe fittings market has expanded significantly in recent years. It will increase from $78.74 billion in 2024 to $83.81 billion in 2025 at a CAGR of 6.4%. Key drivers of past growth include urbanization, infrastructure development, replacement of traditional materials, water and wastewater management, construction demand, and technological advancements in plastics.
How Will the Plastic Pipes And Pipe Fittings Market Size Evolve and Grow by 2029?
A strong increase in the plastic pipes and fittings market size is anticipated over the next years, projected to reach $109.21 billion by 2029 with a CAGR of 6.8%. The predicted growth for the forecast period is due to factors such as the upswing in smart city projects, emphasis on sustainable and environmentally-friendly solutions, broadening of agricultural processes, and technological improvements in materials, with an increased demand for HDPE pipes also playing a part. Key trends expected within this period encompass the growing popularity of multilayer pipes, concentration on sustainable and environmentally-friendly solutions, extension of oil and gas pipeline infrastructure, technological progression in pipe fittings, and the influence of regulatory standards.
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What Drivers Are Propelling the Growth of Plastic Pipes And Pipe Fittings Market Forward?
The growth of the plastic pipes and pipe fitting market is anticipated to be driven by the surge in construction demand for housing facilities. Construction involves the development of physical structures or infrastructure using various tools, materials, and techniques to fulfill specific specifications or prerequisites. Due to their durability, ease of installation, and cost-effectiveness relative to traditional metal alternatives, plastic pipes and pipe fittings are employed in construction for plumbing, drainage, and HVAC (heating, ventilation, and air conditioning) systems in homes. For instance, the Office for National Statistics, a UK-based Statistics Authority, reported in November 2023 that the total Construction work had risen by $19781.69 million in 2022, with both private and public new work experiencing growth of 16.8% and 13.1% in comparison to 2021 respectively. Consequently, the surge in construction demand for housing facilities is fueling the growth of the plastic pipes and pipe fitting market.
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Which Emerging Trends Are Transforming the Plastic Pipes And Pipe Fittings Market in 2025?
Leading businesses in the plastic pipes and pipe fitting market are adopting new materials like high-performance polyphenylene sulfide (PPS) to improve longevity, resistance to chemicals, and heat stability, ultimately catering to the growing need for dependability and efficiency across various industry applications. PPS is a high-quality, semi-crystalline thermoplastic recognized for its outstanding heat stability, chemical resistance, and mechanical strength, making it an ideal choice for challenging uses in the automotive, electronics, and industrial sectors. For instance, in September 2024, Syensqo, a company based in Belgium specializing in chemicals, introduced Ryton PPS XE-5000NA. This is an advanced extrudable PPS material created for high-performance piping applications, offering unmatched chemical and permeation resistance. This material is particularly appropriate for use in inner liners, standalone, and composite pipes, making it suitable for high-pressure and high-temperature environments. Its excellent extrusion qualities improve processability while ensuring longevity, marking it as a feasible substitute for traditional piping materials such as polyethylene and polyamide.
What Are the Key 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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Who Are the Key Players Shaping the Plastic Pipes And Pipe Fittings Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Plastic Pipes And Pipe Fittings Market?
Asia-Pacific was the largest region in the plastic pipes and pipe fitting market in 2024. 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
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