The latest report by IMARC Group titled, “PVC Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global PVC pipes market reached a volume of nearly 21 Million Tons in 2016, growing at a CAGR of around 6% during 2009-2016. PVC is the third largest synthetic polymer produced in the world which is used for various applications such as packaging, plumbing, electrical cable insulation, etc. PVC pipes are manufactured by the extrusion of a blend of polymer resin (PVC) and various additives. As compared to other pipes, PVC pipes are durable, hard to damage, corrosion resistant and long lasting. Moreover, these pipes are cost-effective, light-weight and easy to install.
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Highlights of the global PVC pipes market:
- The market for PVC pipes is catalysed by their cost-effectiveness, light weight, durability, resistance to corrosion, etc.
- Some of the major application sectors of PVC pipes are irrigation, water supply, sewerage, plumbing, HVAC, and oil and gas.
- Asia represents the largest market for PVC pipes, accounting for the majority of the share.
The market for PVC pipes is driven by several factors. The primary factor which has provided thrust to the market is their ability to withstand extreme movements and rigorous shaking of earth in earthquake prone areas. Due to this, PVC pipes are replacing the conventional metal pipes as these pipes exhibit superior resistance against damage. Apart from this, these pipes also exhibit enhanced burst pressure and collapse pressure which provide PVC pipes an increased propensity to bear internal pressure and outside pressure more efficiently. This makes them suitable to be used for more sophisticated water supply systems, underground sewage, drainage lines and wiring. Further, the market is expected to reach a volume of around 28 Million Tons by 2022.
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The market is segmented on the basis of key applications of PVC pipes. Some of its major application areas include irrigation, water supply, sewerage, plumbing, HVAC, and oil and gas. The market is also segmented on the basis of key regions which include Asia, Europe, North America, Latin America, and Middle East and Africa. Amongst these, Asia represents the largest market for PVC pipes, accounting for the majority of the share. An analysis of the competitive landscape of the market provides the details of the key players operative in the market. Some of the major players are Hebei Bosoar Pipe Co. Ltd., Yonggao Co. Ltd., Nanya Plastics (Xiamen) Co. Ltd., Chinaust Group, Tessenderlo Group, etc.
The report has examined the global PVC pipes market on the basis of:
Market by Application:
- Water Supply
- Oil and Gas
- North America
- Middle East and Africa
- Latin America
- Hebei Bosoar Pipe Co. Ltd.
- Yonggao Co. Ltd.
- Nanya Plastics (Xiamen) Co. Ltd.
- Chinaust Group
- Tessenderlo Group
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