According to the latest report by IMARC Group, titled “Portugal PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Portugal PVC pipes market reached a value of US$
46.7 Million in 2021. The Portuguese plastic industry is one of the most influential sectors of the country’s economy. Over the last few years, the demand for PVC pipes in the country has escalated as these pipes are cost efficient, superior than most of their plastic and metal counterparts and are available in various grades. PVC pipes also have a smooth internal wall surface and resistance to abrasion while their hydraulic smoothness inhibits slime build-up and virtually eliminates tuberculation and encrustation. Owing to these properties these are widely used for sewage applications. Apart from this, due to considerable savings in raw materials and easy installation offered by PVC pipes, they are highly energy-efficient and environment-friendly in nature.
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.
Portugal PVC Pipes Market Trends:
PVC pipes are stronger and more rigid than most other thermoplastic pipes with relatively high mechanical and tensile strength and elasticity module. They also have high heat deflection temperature and chemical resistance, owing to which they are increasingly being used in chemical labs and production facilities for transferring water, wastewater and chemicals. Moreover, the revival of the construction industry, supported by the improving economic growth, has created a huge demand for PVC pipes in Portugal. The Government has also introduced schemes such as the Programa Especial de Realojamento to encourage the construction of affordable housing. PVC pipes are also finding use in water distribution applications as they help in conserving water and energy by creating leak-free piping networks. Moreover, the breakage rate of PVC pipes is significantly lower than their cast metal counterparts. As a result of these factors, the market is projected to reach a value of US$ 61.0 Million by 2027, expanding at a CAGR of
4.6% during 2022-2027.
- Based on type, the market has been segregated as rigid and flexible PVC pipes. Currently, rigid PVC pipes represent the most popular type of the PVC pipes in Portugal, accounting for the majority of the market share.
- On the basis of application, the report finds that the construction sector represents the leading segment, accounting for the largest market share.
- The competitive landscape of the Portugal PVC pipes market has also been examined with some of the key players being Politejo Group, ADEQUA WS, SLU, FERSIL Freitas & Silva, SA and Plimat SA.
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