Plastic Pipes Market Research Report, Information: by Material (PVC, PE (HDPE, and LDPE), PP, others), End-use (Construction (Residential and Non-residential), Oil & Gas, Water & wasterwater, Agriculture, Chemicals), and Region — Global Forecast till 2023

The global plastic pipes market is expected to witness a 5% CAGR, and its value is expected to reach ~ USD 40 billion by the end of the forecast period.

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Market Synopsis: Global Plastic Pipes Market

The growth of the end-use industries has resulted in the high growth of the plastic pipes market. There are several benefits associated with these pipes, which makes them suitable for use in various end-use industries. It has many advantages over other pipes, such as cost-effectiveness, lightweight, and corrosion resistance. Such pipes also have insulation qualities that enable the transportation of cold water through these pipes and help reduce heat loss. Therefore, the plastic pipes are expected to have extensive use in the industries, such as oil & gas, water & wastewater, chemical, and agriculture.

The construction and oil & gas segments are expected to hold significant shares of the global plastic pipes market by 2023. The rising demand for oil and gas, across industrial and domestic applications and the growing number of pipeline projects, are expected to raise the demand for such pipes during the forecast period. The water & wastewater segment is projected to witness high growth rate due to various new pipeline projects and upgrades.

Global Plastic Pipes Market: Regional Analysis

The global plastic pipes market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world (RoW). In 2017, North America held the largest share of the overall market and will continue to dominate until 2023. US held the largest market share in the North America plastic pipes market.

Asia-Pacific holds a sizeable share of the global market after North America. The region has witnessed a rise in agricultural and industrial activities and exploration activities of oil and gas. This is expected to fuel the demand for plastic pipes in Asia-Pacific during the forecast period.

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Global Plastic Pipes Market: Segmentation

The global plastic pipes market has been segmented based on material and end-use. On the basis of material, the market has been classified into PVC, PE (HDPE, and LDPE), PP, and others. The end-use segment is further sub-segmented as construction (residential and non-residential), oil & gas, water & wasterwater, agriculture, chemicals, and others.

On the basis of material, the market has been segmented into PVC, PE (HDPE, and LDPE), PP, and others. The PVC segment is expected to witness significant growth rate during the forecast period. PVC pipes have a wide variety of applications, such as drinking water, waste water, and oil & gas. The reason is attributed to the properties — safety, cost-effectiveness, durability, and recyclability. These are used extensively for the transport of drinking water as they are considered a safe option owing to the high degree of corrosion resistance.

On the basis of end-use, the segment is classified into oil and gas, irrigation, and water and wastewater. The construction segment is expected to show high growth during the forecast period. The construction industry comprises residential, and non-residential construction. This industry is growing at a steady pace and this has resulted in an increased demand for the raw materials used in the construction industry. Here, pipes form a vital part of the building and construction industry and find application in water & waste pipelines, HVAC systems, gas pipelines, and others.

The key players include Aliaxis Group S.A. (Belgium), Wienerberger AG (Austria), Mexichem SAB de CV (Mexico), JM Eagle, Inc. (US), ASTRAL POLYTECHNIK LIMITED (India), China Lesso Group Holdings Ltd. (China), Geberit AG (Switzerland), Finolex Industries Ltd. (India), Georg Fischer Ltd. (Switzerland), and Hilliard, OH (US).

The global plastic pipes market is highly competitive with many players, across the globe. These players have adopted various strategies to expand their global presence and increase their market shares. Some of the key strategies adopted by the key players include new product developments in terms of advanced material, mergers, and acquisitions and the formation of strategic partnerships and collaborations.

Intended Audience:

Raw Material Suppliers
End-Use
Product Manufacturers
Traders and Distributors
Regulatory Bodies
Market Research and Consulting Firms
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