PVC Pipes Market Overview:
According to the assessment published by Market Research Future (MRFR), the global PVC pipes market is expected to expand at a CAGR of 7.13 % during the forecast period 2018 to 2023. PVC pipes are the pioneers in the pipe industry as it requires minimum maintenance and is easy to be installed. It is widely used across different industry verticals, and its demand is likely to increase further over the next couple of years.
The report suggests that the future trajectory of the PVC pipes market is highly lucrative. It supports the revolution of the agriculture sector by making water irrigation easy and economical. It is also in excessive demand for household consumption. The growth predicted in the construction sector is likely to favor the proliferation of the global PVC pipes market in the forthcoming years.
Rapid urbanization coupled with depleting ground level water has necessitated the demand for PVC pipe in order to minimize water wastage and facilitate optimum utilization of water. In addition, the initiatives undertaken by the international organizations in order to make potable water more accessible to people residing in deserts and other such areas are presumed to accelerate revenue creation for the players of the PVC pipes market. Furthermore, the population explosion witnessed is poised to generate demand for PVC pipes over the next few years, thus, augmenting the global market.
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PVC Pipes Market Competitive Dashboard:
Some of the key players identified in this MRFR report are Hina Lesso Group Holdings Ltd. (China), Polypipe Plc (UK), Advanced Drainage Systems, Inc. (US), Astral Polytechnik Limited (India), Amanco (Brazil), Egeplast A. S (Turkey), and National Pipe and Plastics, Inc. (US).
PVC Pipes Market Segmentation:
On the basis of type, the global PVC pipes market has been segmented into post chlorinated, plasticized, and unplasticized.
On the basis of application, the PVC pipes market has been segmented into sewerage, plumbing, water supply, oil & gas, irrigation, and others.
On the basis of end-users, the global PVC pipes market has been segmented into agriculture, housing, building & construction, telecom industry, and others.
PVC Pipes Market Regional Analysis:
The global PVC pipes market, by region, has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is poised to hold the maximum share of the global market due to the excessive demand generated by rapid urbanization. China is the most prominent country-level market and is poised to drive the growth of the PVC pipes market in the region. The agricultural sector in the region necessitates the deployment of efficient pipes for irrigation. The agricultural revolution witnessed in India has paved the way for the growth of the PVC pipes market in the region.
Latin America and the Middle East & Africa poses strong growth potential due to the presence of a thriving construction sector. The rapid urbanization, modernization, and industrialization are poised to expedite the expansion of the PVC pipes market in these regions.
PVC Pipes Market Table Of Contents to be Continue……,
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