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Polyvinyl Chloride PVC Pipes Market Size, Share & Trends Analysis Report By Material (PVC Resin, Stabilizers, Plasticizers, Lubricant, Pigment Base, and Others), By Type (Chlorinated PVC, Plasticized PVC, and Unplasticized PVC), and By Application (Irrigation, Water Supply, Sewerage, Plumbing, Oil & Gas, HVAC, and Others) By Region, And Segment Forecasts, 2023 – 2030

Market Overview

According to Cognitive Market Research, the global polyvinyl chloride PVC pipes market size is USD 6.8 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.

The spike in demand for polyvinyl chloride (PVC) pipes in the construction industry is fueling the expansion of the world market for PVC pipes. The benefits that polyvinyl chloride (PVC) pipes offer are what is causing their demand to increase more quickly. PVC pipes are favored for their durability, cost-effectiveness, and ease of structure, making them a selected choice for various plumbing and drainage applications in residential, commercial, and infrastructure projects. Secondly, the construction sector's growth, driven by urbanization and infrastructure development, has boosted the need for reliable water supply and efficient wastewater management systems.

• For instance , in July 2022, Pipelife Sweden operated together with the raw material supplier Inovyn to build and supply 100% fossil-free PVC sewage pipes.

Market Summary :

• The global polyvinyl chloride PVC pipes market will expand at a significant rate of 5.8% CAGR between 2023 and 2030.
• The demand for polyvinyl chloride PVC pipes is rising due to the growing prevalence of clean water supply and various strategies adopted by key players.
• Demand for single-player polyvinyl chloride PVC pipes remains higher in the polyvinyl chloride PVC pipes market.
• The PVC resin category held the highest polyvinyl chloride PVC pipes market revenue share in 2023.
• Asia Pacific will continue to lead, whereas the North American polyvinyl chloride PVC pipes market will experience the strongest growth until 2030.

How COVID–19 Impacted the Polyvinyl Chloride PVC Pipes Market?

The COVID-19 pandemic has adversely impacted market growth as, initially, supply chain disruptions hampered production and distribution, affecting the availability of PVC pipes. The construction industry, a significant consumer of PVC pipes, faced delays and uncertainties, impacting demand. However, with increased home improvement projects and a heightened focus on clean water supply during lockdowns, there was some resilience in residential plumbing applications. Moreover, government stimulus measures and infrastructure spending initiatives aimed at economic recovery offered potential growth opportunities in infrastructure projects, including water supply and drainage systems.

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MARKET DYNAMICS: KEY DRIVERS

Growing Prevalence of Clean Water Supply to Deliver Viable Market Output

Rising demand for pipes in the building & construction and irrigation industries is the key factor in boosting the market growth in the coming years. In the construction industry, the adoption of PVC pipes is increasing, and it's a perfect substitute for metal & concrete pipes. Further, increasing investment of governments for the development of wastewater treatment & water facilities and infrastructure along with water supply in rural areas is expected to grow the market in the coming years. Rising investments in research and development activities are one of the prominent factors driving the polyvinyl chloride (PVC) pipe market growth. Governmental organizations or commercial entities make these investments.

• For instance , in October 2021, Polypipe Civils & Green Urbanisation offered a complete hydrodynamic separation system to provide water in urban areas. The company has also showcased a whole portfolio of complementary techniques, including Polysync, a surface water attenuation system that predicts weather events while supporting cable management solutions and green environments.

Various Strategies Adopted by Key Players to Propel Market Growth

Key players in various industries employ a range of strategies for competitive advantage. They include innovation and R&D to create cutting-edge products, market expansion to tap into new regions or customer segments, cost leadership through efficient operations, product differentiation to stand out, strategic alliances for shared resources, digital transformation for improved processes, sustainability initiatives for ethical practices, mergers and acquisitions for growth, customer-centric approaches to meet needs, and robust risk management. These strategies are tailored to industry dynamics and enable companies to navigate challenges and thrive in ever-evolving markets.

• For instance , in December 2021, North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation, launched a new product, molecular-oriented PVC (PVCO) pipe. The new PVCO pipe features a lower manufacturing carbon footprint than other water main materials. This investment in state-of-the-art technology expands NAPCO's production capacity at the company's Woodbridge, Ontario, pipe and fittings facility.

MARKET DYNAMICS: KEY RESTRAINTS

Availability of Substitute of PVC Pipes to Hinder Market Growth

The Polyvinyl Chloride (PVC) pipes market faces competition from various alternative pipe materials, each with its advantages and disadvantages. One prominent alternative is High-Density Polyethylene (HDPE) pipes, known for their flexibility, corrosion resistance, and suitability for underground applications. Additionally, Cross-linked Polyethylene (PEX) pipes are favored for their flexibility and ease of installation in plumbing systems, particularly in residential construction. Metal pipes, including galvanized steel and copper, are renowned for their durability but can be expensive and prone to corrosion. Furthermore, Fiber-Reinforced Plastic (FRP) pipes find utility in specialized industries due to their high strength and resistance to chemicals. To stay competitive, PVC pipe manufacturers emphasize the unique qualities of PVC, like its affordability, chemical resistance, and suitability for both potable water and sewage systems.

How are Segments Performing in the Global Polyvinyl Chloride PVC Pipes Market?

Type Segment Analysis

According to Cognitive Market Research, un-plasticized PVC held the prominent market share owing to its rising application in the transportation of sewage, underground drainage, waste, and drinking water. They are a less porous material, which increases the strength of the pipes and reduces the maintenance requirement. The lead-free property reduces the risk of contamination and improves its application in the healthcare and hospitality sectors. Increasing awareness regarding the importance of adequate sewage and plumbing maintenance is anticipated to increase the demand for unplasticized PVC pipes.

Plasticized PVC is the fastest-growing category due to the increase in demand for wastewater management. Plasticized polyvinyl chloride (PVC) pipes are increasingly in need. Plasticized PVC is used for applications where flexibility is crucial, such as in certain plumbing and irrigation systems, ensuring pipes can adapt to bends and curves in the layout. Additionally, the government is making significant investments in constructing new pipelines.

Material Segment Analysis

The PVC resin held the major market share in the market. PVC resin, short for Polyvinyl Chloride resin, is the primary raw material used in manufacturing PVC pipes. It's a synthetic polymer composed of vinyl chloride monomers. In the PVC pipes market, PVC resin is processed into pipes through extrusion and molding processes. It's prized for its durability, corrosion resistance, and cost-effectiveness in various water supply and drainage applications.

According to Cognitive Market Research, plasticizers are the fastest-growing segment due to the growing need for flexibility and adaptability in piping systems. Plasticizers enhance the PVC's flexibility, enabling it to withstand bending making it crucial for plumbing and irrigation applications where pipes need to navigate corners and contours efficiently.

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Application Segment Analysis

According to Cognitive Market Research, water supply held the major market share due to increasing global demand for reliable and efficient water distribution systems. PVC pipes are favored for their durability, corrosion resistance, and cost-effectiveness, making them a preferred choice in constructing water supply networks, addressing the critical need for clean and sustainable water delivery.

The Polyvinyl Chloride PVC Pipes for offline is second in usage due to the growing requirement for durable and corrosion-resistant piping systems. PVC pipes offer cost-effective solutions for transporting various fluids, including water, brine, and certain chemicals, making them increasingly valuable in upstream and downstream oil and gas operations.

Which Region Dominates the Market in 2023, and Which Region is Expanding at the Fastest CAGR?

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for a share of more than 35% of the global revenue, owing to growing urbanization and increasing construction activities in the region. Various governments in the region are taking initiatives to improve maintenance and repair activities, replacing older pipes with PVC for greater effectiveness and durability. The enormous populations in countries such as China and India are surging the demand for PVC pipes for water supply, sewerage, and irrigation applications, contributing to the expansion of the market in this region.

North America is the fastest-growing region due to the region's growing aging water infrastructure. Many municipalities are faced with the urgent need to replace or upgrade their outdated water supply and distribution systems. Polyvinyl chloride PVC pipes are a preferred choice due to their durability, longevity, and resistance to corrosion. As a result, the replacement and modernization of water networks are propelling the demand for polyvinyl chloride PVC pipes across North America.

COMPETITIVE LANDSCAPE: POLYVINYL CHLORIDE PVC PIPES MARKET

The prominent market players are investing a lot of money in R&D to extend their product lines, which will spur market growth for polyvinyl chloride PVC pipes. With significant market developments like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence.

• September 2023: PVC4Pipes launched the 2020 Training Package for the PVC pipe industry. A refreshed online Training Package for the actors across the whole PVC pipe supply chain, making it easier to educate their sales forces and train their employees.
• August 2022: China Lesso Group Holdings Limited launched its extrusion workshop in Indonesia to accelerate its expansion in the Southeast Asian market. Under the workshop, several products are manufactured, including PVC pipes, PVC conduits, and PE water supply pipes.

Some Prominent Players in the Global Polyvinyl Chloride PVC Pipes market include :

• Aliaxis Group S.A
• Sekisui Chemical Co., Ltd.
• Wienerberger AG
• Mexichem SAB de CV
• JM Eagle, Inc.
• ASTRAL POLYTECHNIK LIMITED
• China Lesso Group Holdings Ltd.
• Geberit AG
• Nan Ya Plastics Corp.
• Finolex Industries Ltd.
• Chevron Phillips Chemical Company
• Formosa Plastics Corporation

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SEGMENTATION: Polyvinyl Chloride PVC Pipes Market

Type Outlook

• Chlorinated PVC
• Plasticized PVC
• Unplasticized PVC

Material Outlook :

• PVC Resin
• Stabilizers
• Plasticizers
• Lubricant
• Pigment Base
• Other

End-User Outlook :

• Irrigation Water Supply
• Sewer & Drain
• Plumbing
• Oil & Gas
• Heating, Ventilation, and Air Conditioning (HVAC)
• Others

Regional Outlook :

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Frequently asked questions about the global Polyvinyl Chloride PVC Pipes market.

• What is the market size for the polyvinyl chloride PVC pipes market in 2023?

Answer- The global market size for the polyvinyl chloride PVC pipes market in 2023 was 6.8 USD billion.

• What is the growth rate for the polyvinyl chloride PVC pipes market during the forecast period?

Answer- The global market is expected to grow with a CAGR of 5.8% during the forecast period.

• Which is the leading region of the market for polyvinyl chloride PVC pipes?

Answer- Asia Pacific had the largest global polyvinyl chloride PVC pipes market revenue share in 2023.

• Which region is predicted to witness the fastest growth in the coming years?

Answer- North America will witness the fastest global polyvinyl chloride PVC pipes market growth over the coming years.

• Which is the leading country in the polyvinyl chloride PVC pipes market in 2023?

Answer- China had the largest global polyvinyl chloride PVC pipes market revenue share in 2023.

• What are the key drivers for the growth of the polyvinyl chloride PVC pipes market?

Answer- The main drivers of the growth of the polyvinyl chloride PVC pipes market are the growing prevalence of clean water supply and various strategies adopted by key players.

• Which is the major segment in the polyvinyl chloride PVC pipes market by type?

Answer- The unplasticized PVC segment had the largest share in the global polyvinyl chloride PVC pipes market by product type.

• Which is the major segment in the polyvinyl chloride PVC pipes market by end-users?

Answer- In 2023, the water supply segment had a major revenue share in the global polyvinyl chloride PVC pipes market of end-users.

• Which is the major segment in the polyvinyl chloride PVC pipes market by material?

Answer- In 2023, the PVC resin segment had a major revenue share in the global polyvinyl chloride PVC pipes market in terms of material.

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