An up to date intelligence study by TMR Research has projected the demand in the global market for polyvinyl chloride (PVC) pipes to increase as a notable CAGR during the forecast period of 2017 to 2025, gaining traction primarily from the rapid building and infrastructure development activities in the emerging economies of India and China. The report, titled “PVC Pipe Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” is a result of collaborative effort of an esteemed group of professional market research analysts and aims to act as a decision-making business and commerce study for its targeted audiences such as PVC pipe manufacturers and suppliers, raw material suppliers, government bodies, players in the industry of construction and oil and gas, and investment banks.
The report has detected that the global PVC pipe market is flourishing on the back of its varied application owing to features such as resistance of chemicals, low cost, durability and flexibility, easy recyclability, and others. These features makes PVC pipes an ideal replacement for various applications against metal, wood, concrete, and clay. As the construction industry continues to prosper in emerging economies, the need for proper infrastructure such as sewers, water service lines, conduit, irrigation, and water mains are of optimum requirement. PVC pipes are produced using the extrusion method and the manufactured products are resistant to corrosion and fire, can be easily installed, offers long life service, and are ecofriendly.
Upsurge in the demand for plastic pipes for irrigation purposes in the agriculture sector as well as the construction industry, increased supplements from several government for building infrastructure of water management in rural sectors, and rapid urbanization in various APAC countries are some of the prominent factors augmenting the demand in the global PVC pipe market. On the other hand, additional features offers by HDPE and ABS that makes them even more beneficial then polyvinyl chloride and issues pertaining to the toxicity caused by PVC pipes are a few obstructions faced by the market. Nevertheless, the stockholders connected to the value chain of the global PVC pipe market will gain new revenue avenues from growing awareness regarding the need for clean water supply in underdeveloped areas of the world and incremented investment by government in these countries.
Based on product type, the market for PVC pipe can been segmented into chlorinated PVC pipes (CPVC pipes), plasticized PVC pipes, and unplasticized PVC pipes (uPVC). On the basis of material, the market can be bifurcated into stabilizers, PVC resin, pigment base, lubricants, and others, whereas application-wise, the market can be categorized into water supply, irrigation, plumbing, sewer and drain, heating, ventilation, and air conditioning (HVAC), oil and gas, and others.
Geographically, the report throws light on the potential demand for PVC pipes in every important country and region such as Asia Pacific including India, China, Japan, Thailand, Malaysia, and South Korea, North America including Canada and the U.S., Europe including France, the U.K., Germany, and Italy, and the Middle East and Africa (MEA). Currently, Asia Pacific is the most lucrative region as there are radical construction activities underway owing to strong GDP of India and China. A number of companies have invested in these regions with a hope for a fruitful future.
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Some of the key companies currently holding a prominent position in the global PVC pipe market are China Lesso Group Holdings Ltd., Advanced Drainage Systems, Inc., Finolex Industries Ltd, Egeplast a.s., IPEX Inc., North American Pipe Corporation, JM Eagle Company, Inc., Pipelife International GmbH, Plastika AS, Royal Building Products, Polypipe Plc, Sekisui Chemical Company Ltd, Tigre SA, Tessenderlo Group, Formosa Plastics Group, Radius Systems Ltd., Mexichem, Georg Fischer Ltd., National Pipes & Plastics, REHAU, Uponor, and Astral Pipes.
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