February 10, 2021
According to the research report titled ‘Global Polyvinyl chloride (PVC) Pipes Market Size study, by Type (Chlorinated PVC Pipe, Plasticized PVC Pipe, and Plasticized PVC Pipe), By Applications (Irrigation, Water Supply, and Sewerage) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global polyvinyl chloride (PVC) pipes market is estimated to generate lucrative revenues by the year 2027.
Increasing infrastructural development of residential and commercial establishments coupled with growth adoption of PVC pipes in water supply and drain systems are key factors driving the growth of global polyvinyl chloride pipes market.
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For those unaware, PVC pipes offer excellent characteristics such as chemical resistance, cost effectivity, and durability. It is the third main plastic material produced behind polyethylene as well as polypropylene and is widely adopted as an alternative to clay, concrete, metal, and wood in various applications.
Rising adoption of PVC pipes in HVAC systems, drainage systems, gas pipelines, water pipelines coupled with surging R&D investments are also paving the way towards global polyvinyl chloride pipes industry expansion. Focus towards improving the water management process, growing population, and rapid urbanization are also stimulating the overall industry outlook.
As per type, global polyvinyl chloride pipes industry is classified into plasticized PVC pipe as well as chlorinated PVC pipe. The application scope consists of sewerage, water supply, and irrigation segments.
In terms of the regional outlook, the market is divided into Latin America, Europe, North America, and Asia-Pacific. Among these, the report states that Asia-Pacific is likely to capture the largest share in global polyvinyl chloride pipes market in the upcoming years. Rapid industrialization and urbanization coupled with booming chemical and agriculture sector are favoring the regional market outlook.
The prominent companies operating in global polyvinyl chloride pipes market are Formosa Plastics Corp., Tigre Group, Tessenderlo Group, Sekisui Chemical Company Ltd., Royal Group Technologies, Polypipe Plc, Plastika A.S., Pipelife International GmbH, North American Pipe Corporation, JM Eagle Co. Inc., IPEX Inc., Egeplast, China Lesso Group Holdings Ltd., Advanced Drainage Systems Inc. and Finolex Industries Ltd. among others.