Fior Markets launched a study titled “PVC Pipes Market by Type (Chlorinated, Plasticized, Unplasticized), Application,End User Industry, Regions”,and Global Forecast 2018-2025.
The global PVC pipes market is expected to grow from USD 62.43 Billion in 2017 to USD 114.32 Billion by 2025, at a CAGR of 7.86% during the forecast period from 2018-2025. Rising demand for the PVC pipes from the irrigation, oil & gas, building & construction industries along with increasing focus on the rural water management, and rapid urbanization are the factors that are fuelling the global demand for the PVC pipes.
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Unplasticized PVC pipes segment had a market value of USD 33.34 billion revenue in 2017
The type segment is divided into chlorinated PVC pipes, plasticized PVC pipes, and unplasticized PVC pipes. Unplasticized PVC pipes are widely used for the heavy-duty plumbing, sewer & drain, and HVAC drive application. Owing to these factors the unplasticized PVC pipes segment dominated the global PVC pipes market with USD 33.34 billion revenue in 2017. However, owing to its widespread utilization in the household piping application the chlorinated PVC pipes segment is anticipated to grow at a steady pace over the forecast period.
Water supply segment is anticipated to grow at a CAGR of 9.92% in 2018-2025
Application segment is categorized into sewerage, plumbing, water supply, oil & gas, irrigation, and others. PVC pipes are being increasingly preferred in the plumbing applications owing to their durability, low cost and easy to install properties. Thus the plumbing application segment emerged as the leader in the global PVC pipes market with USD 22.78 billion revenue in 2017. However, the factors such as rapid urbanization and rising investment on the water distribution projects in the developing economies around the world are projected to propel the water supply segment to attain the highest CAGR of 9.92% over the forecast period.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region led the global demand for the PVC pipes with USD 24.80 billion revenue in 2017. This increased market share can be attributed to factors such as rapid industrialization and huge demand for the PVC pipes from building & construction as well as the agricultural industry within the Asia Pacific region.
Key players in the global PVC pipes market are China Lesso Group Holdings Ltd., Astral Polytechnik Limited, PolypipePlc, Advanced Drainage Systems, Inc., Amanco, National Pipe and Plastics, Inc., Egeplast A. S, Finolex industries Ltd., IPEX Inc, JM Eagle Company, Inc., North American Pipe Corporation, Pipelife International GmbH, Plastika AS, PolypipePlc, Royal Building Products, Sekisui Chemical Company Ltd, Tessenderlo Group, Tigre SA, and Formosa Plastics Group, and among others.
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