APAC to Lead PVC Pipes Market During Forecast Period
According
to TechSci Research report, “Global PVC Pipes Market By Type, By Product
Form, By Material, By Size, By Application, By End-Use, By Region, Competition,
Forecast & Opportunities, 2025”, global
PVC pipes market is expected to grow at CAGR of around 6% over the forecast
period. PVC pipes are corrosion resistant, easy to install & handle, flame
resistant, cost-effective and environmentally safe, with long service life,
which is estimated to boost the demand for PVC pipes over the coming years.
Moreover, increasing government focus on water management by investing more on
the water irrigation projects is positively influencing the growth of global
PVC pipes through the forecast years. However, presence of better alternatives
like HDPE, ABS and toxicity concerns related to PVC materials are some of the
factors that might hamper the market growth through 2025.
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Global
PVC pipes market can be segmented based on type, product form, material, size, application, end-use and
region. Considering the applications, the market is fragmented into irrigation,
water supply, sewerage, industrial, HVAC and others. The water supply
application dominated the global PVC pipes market with around USD24 billion
revenue in 2019 owing to their durability, low cost and easy to install
properties. The water supply application segment is estimated to record highest
growth during the next 5 years, which can be attributed to rapid urbanization
and rising investments on water distribution projects.
Advanced
Drainage Systems, Inc., China Lesso Group Holdings Ltd., Egeplast a.s., Finolex
Industries Ltd, JM Eagle Company, Inc., North American Pipe Corporation,
Pipelife International GmbH, Plastika AS, Polypipe Plc, Sekisui Chemical
Company Ltd. among others are the leading players operating in global PVC pipes
market.
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“Asia-Pacific is forecast to dominate the global PVC pipes market in the
next 5 years on the account of significant investments in agriculture and
chemical industries in developing countries like China and India. Moreover, rapid
infrastructure development coupled with rural drinking water programs are
further boosting the regional market growth.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global PVC Pipes Market By Type, By Product Form,
By Material, By Size, By Application, By End-Use, By Region, Competition,
Forecast & Opportunities, 2025” has evaluated the future growth potential of global
PVC pipes market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global PVC pipes market.
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