The Global Market for PVC Pipes Estimated At USD 52.10 Billion In The Year 2021, Is Projected To Reach A Revised Size Of USD 76.80 Billion By 2028, Growing At A CAGR Of 5.7% Over The Projected Period 2022-2028.
PVC pipes are not rotting, wearing, or rusting over time. For this reason, PVC piping is commonly used in water systems, underground wiring, and other uses. For many uses, these pipes are considered very safe. PVC pipes are quite economical and versatile and it is used in various industries which boosts the market growth of PVC pipes. PVC pipes are commonly used for manufacturing water mains, sewage pipes as well as irrigation. These pipes are easy to install, easily recyclable, sustainable, and cost-effective. Such benefits of PVC pipes increase the market share in the upcoming years.
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The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
Market Dynamics and Factors:
The market is anticipated to increase during the forecast period as a result of rising government spending on the construction of wastewater treatment and water infrastructure as well as water delivery in rural areas. The community might save up to 40% on energy expenditures by upgrading to PVC pipes, according to data supplied by Water Finance and Management. One of the key reasons driving the growth of the global polyvinyl chloride (PVC) pipe market is increasing spending on research and development efforts. These investments are made by commercial or governmental groups. The growth of the global market for polyvinyl chloride (PVC) pipes is also being driven by the rise in demand for PVC pipes across different industries and sectors. Due to its several benefits that polyvinyl chloride (PVC) pipes demand to increase more quickly.
Scope of the Report:
The latest report on the PVC Pipes Market provides a detailed analysis of the market for the years 2023 to 2030. It presents a comprehensive overview of the global PVC Pipes Market industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the PVC Pipes Market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Top Key Players Covered In The PVC Pipes Market:
Finolex Industries Ltd (India),Advanced Drainage Systems Inc. (US),China Lesso Group Holdings Ltd. (China),Polypipe PLC (UK),National Pipe and Plastics Inc. (US),IPEX Inc (Canada),Avient Corporation (US),Astral Polytechnik Limited (India),PMC Specialties Group (US),Westlake Chemical Corporation (US),Chemplast Sanmar Limited (India),Eastman Chemical Company (U.S.),Mitsubishi Chemical Corporation (Japan), and Other Major Players
Key Industry Development:
In June 2022, Parryware announced the launch of its World Class Pipes & Fittings range in Kolkata. The brand showcased its portfolio consisting of World-Class Pipes & Fittings which include C-PVC, U-PVC & SWR Range that offers long-lasting durability, quality, and safe, and easy-to-install plumbing and drainage system.
In December 2021, North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation announced the launch of a new product, molecular oriented PVC (PVCO) pipe. The new PVCO pipe features a lower manufacturing carbon footprint than other water main materials. This investment in state-of-the-art technology expands NAPCO’s production capacity at the company’s Woodbridge, Ontario, pipe and fittings facility.
Faster Payment Service (FPS) Market Segmentation:
By Type
- Plasticized
- Unplasticized
- Chlorinated
- Other
By Material
- Stabilizer
- PVC Resin
- Plasticizers
- Pigment base
- Lubricant
- Other
By Application
- Sewerage
- Water Supply
- Plumbing
- Oil and Gas
- Irrigation
- Others
By End Users
- Agriculture
- Telecommunication
- Building & Construction
- Others
For this report, Introspective Market Research has segmented thePVC Pipes Market based on region:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis on PVC Pipes Market:
Covid-19 hampers the growth of the PVC pipe market growth. As Asia Pacific is the dominating region of the market but the first covid-19 patient is seen in China, therefore the Chinese government imposed strict regulations on import-export businesses hampers the growth of the market. The supply chain of PVC pipes was disturbed during the pandemic situation. The increasing prices of PVC pipes due to the shortage of raw materials hamper the market growth. Moreover, stopping the Building and Construction work that contains more PVC pipes is a major factor that decreases the demand for PVC pipes. The growth of the industry decreased due to the economic downturn, including increased unemployment, decreased consumer spending, and reduced investments of the key players in the development of the pipes affecting the growth of the market.
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