(MENAFN- iCrowdNewsWire) According to IMARC Group's latest report, titled“ PVC Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the global PVC pipes market reached a volume of 21.32 million tons in 2020. Polyvinyl chloride (PVC) pipes are generally manufactured from synthetic plastic polymers. They are widely used as a preferred alternative for concrete pipes as the production process requires less energy and resources. Additionally, they are strong, easy to carry, easily recyclable, cost-effective, and durable. As a result, they are increasingly utilized in a vast array of applications across the residential, commercial and industrial segments.
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The global market is primarily driven by significant growth in the construction industry. Along with this, the increasing investments by public and private firms in infrastructural development projects are creating a positive outlook for the market. Furthermore, continual product innovations, such as the introduction of polyvinyl chloride-oriented (PVC-O) pipes that exhibit an increased hydraulic capacity, are providing a boost to the market growth across the globe. Some of the other factors contributing to the market growth include extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market. Looking forward, IMARC Group expects the PVC pipes market to grow at a CAGR of 5.32% during 2021-2026.
As the novel coronavirus ( COVID-19 ) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players :
- China Lesso Group Holdings Limited
- Fujian Aton Advanced Materials Science & Technology Co Ltd.
- Hebei Bosoar Pipe Co. Ltd.
- Pipelife Austria Gmbh & Co KG
- Plásticos Ferro S.L.
Market Segmentation:
Breakup by Application:
- Irrigation
- Water Supply
- Sewerage
- Plumbing
- HVAC
- Oil and Gas
Regional Insights:
- Asia
- North America
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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