According to the latest report by IMARC Group, titled "PVC Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global PVC pipes market size reached US$ 23.8 Million Tons in 2022. PVC (polyvinyl chloride) pipes are plastic pipes commonly used for residential and commercial plumbing applications. They are strong, durable, and resistant to corrosion and chemicals, making them an ideal material for a wide range of plumbing applications. The production of PVC pipes incurs lower losses of the raw material and consumes lesser energy than concrete pipes. They are also easy to install, requiring only basic tools and fittings to assemble, thus making them an economical choice for several plumbing projects. Additionally, they are available in various sizes, from small-inch to large-inch pipes, and can be cut and customized to fit a variety of projects. They are also available in many different colors and styles, which allows them to blend in with the surrounding décor and provide a neat, organized look to any plumbing system.
Global PVC Pipes Market Trends:
Significant growth in the construction industry majorly drives the global market. This can be supported by the growing construction of residential buildings, along with the escalating need for renovation and repair activities across the globe. With the increasing number of individuals moving to urban areas, there has been a considerable demand for infrastructures, such as roads, water supply lines, and sewage systems, that require the utilization of PVC pipes. Coupled with this, the widespread adoption of PVC pipes in the manufacturing industry due to their numerous features, including affordability, corrosion resistance, long-lasting, and lower maintenance costs, is also significantly supporting the market. Apart from this, numerous governments across the globe are introducing regulations that promote the usage of PVC pipes over other materials to reduce pollution and minimize the strain on natural resources, thereby accelerating the product demand in numerous countries. Moreover, leading manufacturers are applying molecular orientation in PVC pipe production, resulting in the development of PVC-O (oriented) pipes, which is creating a positive market outlook. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 31.1 Million Tons by 2028, exhibiting a CAGR of 4.31% during 2023-2028.
- On the basis of the application, the market has been segmented into irrigation, water supply, sewerage, plumbing, HVAC, and oil and gas. Currently, the irrigation segment holds the largest market share.
- Based on the region, the market has been categorized into Asia, North America, Europe, the Middle East and Africa, and Latin America. Region-wise, Asia presently holds the leading position in the market.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include China Lesso Group Holdings Limited, Fujian Aton Advanced Materials Science & Technology Co Ltd., Hebei Bosoar Pipe Co. Ltd., Pipelife Austria Gmbh & Co KG, and Plásticos Ferro S.L.
|Base Year of the Analysis
|| Asia, Europe, North America, Latin America, Middle East and Africa
||China Lesso Group Holdings Limited, Fujian Aton Advanced Materials Science & Technology Co Ltd., Hebei Bosoar Pipe Co. Ltd., Pipelife Austria Gmbh & Co KG and Plásticos Ferro S.L.
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