PVC Pipes Market Share, Size, Demand, Growth Trends, Business Opportunities, Features, Future Plans Strategy, Global Analysis by Forecast to 2023
— PVC Pipes to multiple degrees which makes them the leader among plastic pipes and is expected to reach USD 70 Million by the end of 2023.
PVC Pipes is anticipated to expand at 7.13 % CAGR.
PVC Pipes Market Key Players:
The prominent players operating the global market for PVC pipes are Amanco (Brazil), Astral Polytechnik Limited (India), National Pipe and Plastics Inc. (US), Polypipe Plc (UK), Everlast A. S (Turkey), China Lesso Group Holdings Ltd. (China), Advanced Drainage Systems Inc. (US) and more. Astral Polytechnik Limited has initiated the commercial production of PVC and CPVC pipes at its new plant which is situated in Alwar, Rajasthan.
PVC Pipes Market Segment Analysis:
PVC pipes market has been segmented on the basis of application, types, region, and end users.
By mode of type, the global market for PVC pipes has been segmented into plasticized, unplasticized, and post-chlorinated. Among these, CPVC pipes are anticipated to showcase the fastest growth in terms of production over the assessment period. Moreover, increasing adoption of CPVC pipes over PVC or galvanized pipes will lead to the growth in the coming years.
By mode of application, the market has been segmented into plumbing, sewerage, irrigation, water supply, oil & gas, and others. Among these, 70 % PVC pipes and fittings stem accounts from the agriculture segment which includes water supply and irrigation. The remaining 30 % accounts for the building segment which incorporates sewage pipes, plumbing, and drainage.
By mode of end-users, the market has been segmented into building and construction, agriculture, telecom industry, housing, and others. Among these, PVC holds a larger share in the construction sector for building water supply along with sewer and drainage systems.
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PVC Pipes Market Regional Analysis:
Geographically, the market for PVC pipes spans across North America, Europe, Asia Pacific, and Rest-of-the-World (RoW).
Asia Pacific dominates the PVC pipes market owing to the rapid urbanization and industrialization in this region. China is the largest producer and consumer and dominates the PVC pipes market. High demand in water supply, irrigation, plumbing, sewage, oil and gas, and others are anticipated to spur the market growth in this region. Also, with the growing demand for PVC pipes in building and construction, agriculture, telecom industry, housing, and others in India, China, and Indonesia has boosted the market growth in this region closely followed by North America and Europe.
Drivers and Restraints Affecting the Market Growth:
PVC pipes are highly used in construction industries that include applications such as water supply, housing and commercial, irrigation, and sewage and drainage. Penetration of market giants with expanding distribution network along with the notable role played by the government in developing the real estate sector and irrigation infrastructure is anticipated to impact the global market growth positively. With heat and electrical insulation properties, PVC pipes are also gaining acceptance in electrification application.
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Moreover, with the rapid industrialization and urbanization along with infrastructural development, the market is sure to showcase a significant growth during the assessment period. Also, with the adoption of advanced and innovative technology and efficient agricultural practices, the market is expected to galvanize in the coming years.
One of the leading global manufacturers of CPVC compound, US-based Lubrizol Corporation, collaborated with India-based PVC pipes & fittings manufacturer Finolex Industries Limited for sale and manufacturing of Finolex FlowGuard Plus pipes and fittings in India.
PVC Pipes Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global PVC Pipes Market
PVC Pipes Market Table of Content to be Continue…...,
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Name: Abhishek Sawant
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Organization: Market Research Future
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