Air pipes

The PVC pipe market size will exceed approximately US$9.6 billion by 2030

London, April 29, 2022 (GLOBE NEWSWIRE) — The world polyvinyl chloride (PVC) pipe market was estimated to be worth USD 6.77 billion in 2021. Growing investments in research and development efforts are one of the major factors driving the global polyvinyl chloride (PVC) pipe market. Government agencies or market players make these investments. In addition, the surge in demand for polyvinyl chloride (PVC) pipes across various sectors and industries is driving the growth of the global polyvinyl chloride (PVC) pipes market.

Polyvinyl chloride (PVC) pipes offer a number of advantages, which is why their demand is increasing. Technological advancement and implementation of new technologies is another growth driver of the global polyvinyl chloride (PVC) pipe market. Polyvinyl chloride (PVC) pipes are manufactured using molecular orientation technology.

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Regional overview

Asia Pacific is the largest polyvinyl chloride (PVC) pipe market segment in terms of region. China dominates the polyvinyl chloride (PVC) pipe market in the Asia-Pacific region. Growing government initiatives for infrastructure construction in the agricultural sector, along with expanding industrialization and urbanization, are driving the expansion of the polyvinyl chloride (PVC) pipe market in the region throughout the forecast period.

Report scope Details
Market size in 2021 $6.77 billion
CAGR 4.4% from 2022 to 2030
Revenue forecasts by 2028 $9.1 billion
Year of reference 2021
Forecast data 2022 to 2030
Companies covered China Lesso Group Holdings Ltd., IPEX Inc., Astral Polytechnik Limited, Finolex Industries Ltd., Polypipe PLC, NAPCO, Advanced Drainage Systems Inc., National Pipe and Plastics Inc., JM Eagle Inc., Amancio

The Europe region is the fastest growing region in the polyvinyl chloride (PVC) pipe market. The UK holds the highest market share in the European polyvinyl chloride (PVC) pipe market. Growing applications of polyvinyl chloride (PVC) pipes in various industries are driving the polyvinyl chloride (PVC) pipes market in Europe. Additionally, the presence of key industry players in this region is helping to expand the polyvinyl chloride (PVC) pipe market.

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Report Highlights

  • Based on type, the post-chlorinated segment holds the largest market share in the global polyvinyl chloride (PVC) pipe market. Compared to other types of polyvinyl chloride (PVC) pipes, post-chlorinated PVC pipes are more flexible. PVC pipes are used to transport cold and hot water.
  • Based on an application, the water supply segment holds the largest market share in the global polyvinyl chloride (PVC) pipe market. Originally, polyvinyl chloride (PVC) pipes were used to carry water from one place to another. Compared to other types of pipes, polyvinyl chloride (PVC) pipes can supply water more quickly. The increase in water demand has become due to the expansion of population.
  • Based on the end user, The agriculture segment holds the largest market share in the global polyvinyl chloride (PVC) pipe market. Polyvinyl chloride (PVC) pipes used in agriculture are used to supply water to farms. Polyvinyl chloride (PVC) pipes are mainly used for irrigation.

Market dynamics

Drivers

Growth request forpolyvinyl chloride pipes (PVC) in the agricultural sector

Polyvinyl chloride (PVC) pipes are used for agricultural purposes. In agriculture, polyvinyl chloride (PVC) pipes are used for irrigation purposes. Additionally, some of the polyvinyl chloride (PVC) pipes are also used to put pesticides and fertilizers into crops. Accordingly, the growing demand for polyvinyl chloride (PVC) pipes in the agricultural sector is driving the growth of the market over the forecast period.

Constraints

Substitutes for polyvinyl chloride (PVC) pipes

The wide range of substitutes are available for polyvinyl chloride (PVC) pipes in the global market. Substitutes for polyvinyl chloride (PVC) pipe are cross-linked polyethylene, steel, acrylonitrile butadiene styrene (ABS) and high density polyethylene. All of these materials are beneficial for various purposes. Some of these materials are cost effective in nature. In addition, these materials are corrosion resistant. As a result, the polyvinyl chloride (PVC) pipe substitutes are hampering the polyvinyl chloride (PVC) pipe market growth over the projected period.

Opportunities

Growing government initiatives

The government of developing and underdeveloped regions has started taking measures for the growth of polyvinyl chloride (PVC) pipe market. The government of these regions also makes constant efforts and invests heavily in infrastructure development projects. The development of the agriculture, building & construction, oil & gas sectors is paving a new avenue for the growth of the global polyvinyl chloride (PVC) pipe market. Thus, the growing government initiatives create lucrative opportunities for the growth of the Global Polyvinyl Chloride (PVC) Pipes Market over the forecast period.

Challenges

Negative effects ofpolyvinyl chloride pipes (PVC)

Polyvinyl chloride (PVC) pipes are frequently used construction materials that are praised for their durability but also questioned for their potential health risks. Water circulating in polyvinyl chloride (PVC) pipes, which are very common in most buildings, can contain toxic compounds such as lead, which are harmful to human health. Accordingly, the adverse effects of polyvinyl chloride (PVC) pipes pose a major challenge for the expansion of the global polyvinyl chloride (PVC) pipes market during the projected period.

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RECENT DEVELOPMENTS

  • VinylPlus, a well-known company, collaborated with five other European plastic companies in January 2018 to launch circularity platforms with the aim of recycling 50% of plastic waste by 2040.

Market segmentation

By type

  • Post-chlorinated
  • Laminated
  • Not laminated

By request

  • Sanitation
  • Plumbing
  • Water supply
  • oil and gas
  • Irrigation
  • Others

Per end user

  • Agriculture
  • Building and construction
  • Telecommunication
  • Others

By geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa (MEA)

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