PVC Pipes Market – Market Overview
PVC Pipes are produced through extrusion process, Polyvinyl chloride (PVC) is the third largest selling plastic commodity after polyethylene & polypropylene. It is beneficial over other materials owing to its chemical resistance, durability, low cost, recyclability; thus, it can replace wood, metal, concrete, and clay in different applications. Piping and piping systems are a major application of PVC pipes. PVC Pipe has wide range applications in drain-waste-vent (DWV), sewers, water mains, water service lines, irrigation, conduit, and various industrial installations.
Construction industry is the largest end-user of PVC Pipes. The building and construction industry comprise of residential, commercial and industrial constructions. Pipes, being an integral part of the building and construction industry, find applications in water pipelines, wastewater drainage systems, gas pipelines, HVAC systems. The construction activities have witnessed rapid growth in the emerging economics such as GCC and Asia-Pacific in the recent past and is expected to witness rapid growth in the fore coming years which, in turn is expected to bolster the demand for PVC Pipes. Also, rebound in construction activities in the US with regained economic stability is expected to offer substantial opportunities for PVC Pipe manufacturers during the forecast period.
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Based on Types, Post Chlorinated, Plasticized, and Unplasticized Chlorinated PVC pipes (CPVC) are expected to register fastest growth in terms of the production capacity during the forecast period. Rising acceptance of CPVC Pipes over galvanized or PVC pipes is expected to propel the market growth.
Geographically, the market is segmented into, Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia-Pacific dominates the PVC pipes market due to rapid industrialization and increasing demand from building and construction industries is likely to drive the market during the forecast period. China being largest producer and consumer of PVC pipes dominates the Global PVC Pipes Market.
PVC pipes Market – Competitive Analysis
PVC Pipes Market is growing at considerable rate and market competition is at moderate pace as the market is consolidated major players involved in the market are adopting strategies such as product launch, partnerships and investments in R&D. Among the strategies, the manufacturers are mostly involved in product launch and partnerships.
Industry/ Innovation/ Related News:
September 4, 2018 – Polypipe, the leading manufacturer of plastic piping and ventilation systems for the residential, commercial, civils and infrastructure sectors, announces the acquisition of Permavoid Limited. Permavoid is a specialist designer and supplier of surface water management solutions in commercial, residential, and sports pitch applications. Key applications for the Permavoid range of products include sustainable urban drainage systems, Green Infrastructure, Blue-Green roofs, podium decks.
March 8, 2017– Advanced Drainage Systems, Inc., a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, announced that it has acquired DURASLOT, Inc., a manufacturer of storm water collection surface drains used in a variety of construction applications.
January 23, 2018– Mexichem, a Mexican manufacturer of plastic pipes and one of the largest chemicals and petrochemical companies in the world, announced that it has acquired Sylvin Technologies Inc., a niche PVC compounds manufacturer based in Pennsylvania. Sylvin’s is the key raw materials suppliers of PVC resin, plasticizers and stabilizers, which is expected to bring synergies to Mexichem operations.
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