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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
PVC Pipes Market Analysis by Region
The Asia Pacific occupies a sizable share of the global market and is expected to grow further in the forecast period owing to growing urbanisation and increasing construction activities in the region. Various governments in the region are taking initiatives to increase maintenance and repair activities, replacing older pipes with PVC for greater effectiveness and durability. The large population in countries such as China and India are surging the demand for PVC pipes for water supply, sewerage, and irrigation applications.
The North America PVC pipes market is expected to gain a sizeable share of the market in the foreseeable future as there is an increasing emphasis on using materials that have a lower environmental impact. PVC pipes are favoured in many cases because they are durable, reduce the need for frequent replacements, and are recyclable, contributing to circular economy practices. Additionally, regulatory standards in North America that demand safe drinking water push for the use of materials that do not leach harmful chemicals, a criterion that PVC meets.
PVC Pipes Market Report Snapshots
PVC Pipes Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market for PVC pipes reached a volume of approximately 28.93 million tons in 2023.
The market is expected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 42.26 million tons by 2032.
The major drivers in the market are growing urbanisation, increasing construction activities, and rising demand from oil and gas industry.
The key PVC pipes market trends include low cost and easy installation of PVC pipes, rising awareness regarding the high degree of inertness of PVC pipes, and expansion of production capacities.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The various types of PVC pipes in the market are chlorinated PVC, plasticized PVC, and unplasticized PVC.
The major players in the market are JM Eagle, Inc., Formosa Plastics Corporation, Shin-Etsu Chemical Co., Ltd, Westlake Corporation, IPEX Inc., Cresline Plastic Pipe Co., Inc, Dura-Line LLC, Tigre S/A, Finolex Industries Limited, Diamond Plastics Corporation, and National Pipe and Plastics, Inc, among others.
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