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- France PVC Pipes Market to Grow at 5.5% During 2022-2027
France PVC Pipes Market to Grow at 5.5% During 2022-2027, Propelled by Expanding Construction Sector
December 24, 2021
As per the latest report by IMARC Group, titled “France PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the France PVC pipes market size reached US$ 438.9 Million in 2021. PVC pipes refer to hollow cylinders made using polyvinyl chloride (PVC) and other additives. They are extremely lightweight, durable, strong, easy to install, and completely recyclable. They are extensively used in plumbing, drainage systems, water systems, sewer lines, and underground wiring. Moreover, since they exhibit excellent heat and electrical insulation properties, they are also utilized for electrification purposes. In recent years, PVC pipes have gained traction as an ideal alternative to the traditionally used metal piping due to their cost effectiveness, energy efficiency, sustainability, environment-friendliness, and resistance to corrosion and chemicals.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
France PVC Pipes Market Trends:
The expanding construction industry due to the increasing foreign investments represents the primary factor driving the growth of the market in France. Additionally, several favorable initiatives undertaken by the government of France to simplify regulations in the housing sector and lower construction costs have propelled the market growth as PVC pipes are extensively used in buildings for water distribution and drainage purposes. Besides this, with the recent technological advancements in pipe manufacturing, leading manufacturers are introducing innovative product variants by increasing the pipe diameter and modifying the pipe thickness, enabling the pipes to withstand the fluctuating internal pressure. Apart from this, the widespread adoption of PVC pipes in the plumbing sector owing to its performance advantages like easy maintenance and repair has augmented the product demand. Other factors, including the expanding population, rising residential and construction activities, growing focus on infrastructure development, and rapid urbanization, are also providing a positive market outlook. On account of these factors, IMARC Group expects the market to grow at a CAGR of 5.5% during 2022-2027.
Market Summary:
- Based on the type, the market has been bifurcated into rigid and flexible PVC pipes. Presently, rigid PVC pipes hold majority of the market share.
- The market has been divided based on the application into construction, water distribution, and others. Amongst these, the construction sector exhibits a clear dominance in the market.
- The competitive landscape of the market has also been analyzed, with some of the key players being Aqua’Tec, Pipelife France, Futurepipe, Polypipe Limited, and Trrendis.
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