PVC Pipe Market report, published
by Allied Market Research, is expected to reach $85,565 million by
2022, growing at a CAGR of 7.9% from 2016 to 2022. Unplasticized PVC pipe
segment is expected to retain its dominant position, in terms of revenue
generation, throughout the forecast period. China held the leading
position in the global market in 2015, and is expected to maintain
its lead in the future.
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The
PVC pipe market is in its maturity stage. In this industry, most of the players
focus to consolidate their market position through strategic expansions
and product launches. Major factors that drive the demand for PVC pipe
include rise in demand from irrigation & construction industries,
growth in focus on rural water management, and rapid urbanization. However,
availability of better substitutes, such as HDPE & ABS, and toxicity of PVC
material are expected to restrain the market growth. Furthermore, growth in
need & awareness for clean water in rural areas and increase in investment
in developing economies are anticipated to provide significant opportunities to
the industry players across the value chain.
In
the year 2015, uPVC pipe was the largest segment, in terms of revenue, with
more than half of the market share, followed by plasticized PVC pipe and
chlorinated PVC pipe. Significant penetration in applications such as
heavy-duty plumbing, sewer & drain, and HVAC drive the demand for uPVC
pipes. In the same year, PVC resin segment led the market, with almost
two-thirds market share, followed by lubricant, pigment base, and others.
A typical rigid PVC pipe may contain around 7585% of PVC resin, along with
other materials added to it, such as lubricant, pigment, pigment base,
plasticizers, stabilizers, and others to enhance its performance.
In the year 2015, sewer & drain was the largest application segment, in
terms of revenue, with more than one-fourth share, followed by water supply
& irrigation. Low cost, easy installation, and long lifecycle cost are
factors that drive the demand for PVC pipes in sewer & drain application.
In recent years, their demand has increased significantly owing
to replacement of traditional metal pipes. Excellent physical
properties of PVC pipes have increased their penetration
in wide array of applications owing to their better performance than
traditional piping systems.
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Key findings of the PVC Pipe Market:
- Asia-Pacific is
expected to continue to lead the global PVC pipe market, growing at the
highest CAGR of 8.3%, in terms of revenue, from 2016 to 2022.
- Sewer
& drain occupied more than one-third share of the total market volume
in 2015.
- In
the year 2015, the unplasticized type pipe segment occupied around
three-fifths share of the global market, in terms of revenue.
- China is
the largest country in terms of demand and supply for PVC pipes.
In the year 2015, Asia-Pacific accounted for almost half of the
worldwide demand for PVC pipe and is expected to maintain its lead position
throughout the forecast period. Further, this region is projected to be
the fastest growing region, with a CAGR of 8.3%, followed
by LAMEA with 7.7% owing to new infrastructure projects and developments
in the rural parts of the region.
Major
players in the industry invest significantly to expand their capacities and on
R&D to meet the growth in demand and launch of new products at a reasonable
cost. Strategic acquisitions and collaborations are other major strategies
adopted by these players. The major companies profiled in the report include
Advanced Drainage Systems, Inc., China Lesso Group Holdings Ltd., Egeplast
A.S., Finolex Industries Ltd, IPEX Inc, JM Eagle Company, Inc., North American
Pipe Corporation, Pipelife International GmbH, Plastika AS, Polypipe Plc, Royal
Building Products, Sekisui Chemical Company Ltd, Tessenderlo Group, Tigre SA,
and Formosa Plastics Group.
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