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Spain PVC Pipes Market to Reach 244,328 Tons by 2024, Increasing Construction Activities Stimulating Growth

April 23, 2019

According to the latest report by IMARC Group, titled “Spain PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the Spain PVC pipes market size reached 186,611 Tons in 2018. Plastic piping systems in Spain are rapidly replacing copper and other metal pipes as they offer substantial performance benefits and assist in reducing overall installation as well as maintenance costs. As PVC pipes are lightweight, their transportation, handling and installation costs are relatively lower. These pipes are employed for electrification purposes owing to their electrical and heat insulation properties. They can also withstand rigorous movements, bending and shaking in earthquake-prone areas without being damaged or fractured. Further, these pipes exhibit resistance to chemicals and high fluid pressures, making them suitable for water supply purposes.

Market Trends:

The rising awareness among the end users about the advantages of PVC pipes is resulting in the replacement of traditional pipelines in different water supplying and water treatment systems in Spain. Apart from this, on account of economic recovery, the construction industry in Spain has been witnessing a steady revival since 2015. This recovery can also be accredited to sustainable construction, housing renovation and improving real estate industry in the country. Further, the Government of Spain is implementing numerous policies to reduce building costs, enhance agricultural facilities and simplify regulations in the housing sector. For instance, under the National Rural Development Program for 2014-2020, the Government is investing in the development of efficient irrigation systems and agricultural infrastructural facilities which, in turn, is strengthening the demand for PVC pipes in the region. Looking forward, the market volume is projected to reach 244,328 Tons by 2024, expanding at a CAGR of 4.5% during 2019-2024.

Market Summary:

  • On the basis of the type, the market has been bifurcated into rigid and flexible PVC pipes. At present, rigid PVC pipes are mostly preferred in the country.
  • The market has been classified on the basis of the application which includes construction, water distribution, agriculture and others. Amongst these, the construction sector accounts for the majority of the total market share.
  • Based on the import and export scenario of the market, it has been found that Portugal and France represent the biggest importer and exporter of PVC pipes in the country, respectively.
  • The competitive landscape of the market has been analyzed along with detailed profiles of the key players. Some of these players include Adequa Water Solutions, Cepex, Molecor, Ferroplast and Plomifera.

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Spain PVC Pipes Market to Reach 244,328 Tons by 2024, Increasing Construction Activities Stimulating Growth
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