February 01, 2021
According to the research report titled ‘Global PVC Pipe Market Size study, by Type (Chlorinated PVC Pipe, Unplasticized PVC Pipe, and Plasticized PVC Pipe), By Application (Irrigation, Water Supply, and Sewerage), and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global PVC pipe market is expected to register significant growth during the period of 2020-2027.
Rising adoption of PVC pipes across water supply, irrigation and construction applications coupled with increasing product penetration in the pharmaceutical sector are some of the major factors propelling the expansion of global PVC pipe market. It is worth noting that PVC pipes have been gaining quite the momentum since the recent past owing to their beneficial attributes such as low maintenance, ease of installation, and lightweight.
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In pharmaceutical sector, PVC pipes are widely adopted to develop blood transfusions bags and tubing as well as oxygen pads among others. Apart from this, surging R&D investments coupled with growing product utilization in wastewater and sewage networks are stimulating global PVC pipes industry outlook.
Sewer and drain applications are one of the most lucrative opportunity for global PVC pipe industry. Favorable regulatory outlook and increasing infrastructural development are also adding traction to the overall market size. However, rising environmental concerns and carcinogenic properties associated with the product could act as a bottleneck to the growth of global PVC pipe market.
As per type, the market is segmented into plasticized PVC pipe, unplasticized PVC pipe, and chlorinated PVC pipe. The application scope of the overall market consists of sewerage, water supply and irrigation segments.
Considering the geographical landscape, Asia-Pacific PVE pipe market is slated to record a significant compound annual growth rate during the forecast period. Factors such as rapid urbanization and industrialization as well as escalating investments in chemical and agriculture industries have augmented the demand for PVC pipes, thereby favoring the regional market scenario.
The competitive landscape of global PVC pipe market is defined by companies such as Sekisui Chemical Co. Ltd., Plastika AS, Pipelife International Gmbh, Pipe Corporation, JM Eagle Corp., Ipex Management Inc., Formosa Plastic Corporation, Finolex Industries Ltd., egeplast international GmbH, China Lesso Group Holdings Limited, Advanced Drainage Systems Inc., and Polypipe Group Plc.