Plastic Pipes Market Expected to Reach USD 40 Billion by

---

New York, US, March 08, 2023 (GLOBE NEWSWIRE) -- Plastic Pipes Market Overview:

The MRFR analysis reports predict that the “Plastic Pipes Market Research Report, by Material, Region, and End-Use - Forecast Till 2030”, the global market for plastic pipes is predicted to showcase considerable development over the assessment timeframe from 2022 to 2030 with a strong development rate of approximately 5%. The reports further anticipate the market to acquire a valuation of around USD 40 billion by the end of 2030.

Plastic Pipes Market Scope:

Polyvinyl chloride (PVC) pipe refers to the white plastic pipe utilized for drainage and plumbing. PVC has become a leading substitute for metal piping. It is highly utilized plastic globally, given its ease of installation, low cost, durability, and strength. It is a thermoplastic polymer that forms valves, fittings, pipes, and other liquid-handling equipment. The global market for plastic pipes has grown immensely in recent times. The main aspect causing a rise in the market's development is the growing construction activities across the globe, especially across developing economies. The oil & gas and construction segments will occupy a prominent share by the end of the market over the coming years.

Competitive Analysis

The list of the leading participants across the global market for plastic pipes includes players such as:

  • Aliaxis Group S.A. of Belgium
  • Finolex Industries Ltd of India
  • Hilliard OH of the United States
  • J.M. Eagle Inc. of the United States
  • Wienerberger AG of Austria
  • Geberit AG of Switzerland
  • Georg Fischer Ltd. of Switzerland
  • ASTRAL POLYTECHNIC LIMITED of India
  • Mexichem SAB de CV of Mexico
  • China Lesso Group Holdings Ltd of China
  • Among others.

Get Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/7619


Report Attribute Details
Market Size USD 40 Billion
CAGR 5%
Base Year 2021
Forecast Period 2022-2030
Historical Data 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Material, By End-use & Region
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers Rising demand for oil and gas, across industrial and domestic applications and the growing number of pipeline projects

Market USP Covered

Market Drivers

The global market for plastic pipes has grown immensely in recent times. The main aspect causing a rise in the market's development is the growing construction activities across the globe, especially across developing economies. The oil & gas and construction segments will occupy a prominent share by the end of the market over the coming years. In addition, factors such as rise in demand for the pipeline projects, rise in the setup of various end-user industries, several advantageous properties, and increase in demand in irrigation sectors are also projected to boost the market's expansion over the coming years.

Market Restraints

On the other hand, factors such as the availability of substitutes, a rise in toxicity, and government focus on rural water management are projected to restrict the market performance over the review era.


Browse In-depth Market Research Report (107 Pages) on Plastic Pipes:
https://www.marketresearchfuture.com/reports/plastic-pipes-market-7619


COVID-19 Impact

Global industrial activities and business operations experienced a major setback given to the rise of the global health crisis in the form of COVID-19. Along with all the industry operations, the pandemic affected public health across nearly 225 countries worldwide. All these situations led to the imposition of full or partial lockdowns across a majority of regions worldwide. Subsequently, the industry operations were halted, and some businesses shut down. Given the sudden fall in demand for construction activities during the pandemic and the halt of the majority of industrial operations, the plastic pipes market experienced a bunch of sudden & unexpected issues throughout the pandemic. On the contrary, now that the majority of the globe is being rapidly vaccinated and industrial operations are returning to normal, the market is predicted to witness a considerable expansion and recovery in revenue generation over the assessment period.

Segment Analysis

Among all the types, the PVS segment is anticipated to secure the top spot across the global market for plastic pipes over the assessment era. PVC pipes have some applications, such as using them as wastewater, and drinking water, which has been used in the oil and gas sector.

Among all the end-use sectors, the construction segment is projected to ensure the top spot across the global market for plastic pipes over the review era. The construction segment across the global market implies substantially high development, comprising non-residential and residential construction. Given the escalating usage of raw materials in construction sectors, it has been signified that the plastic pipes market will grow steadily over the coming years. Plastic pipes are a crucial aspect of building and construction sectors, where they have been utilized in water and wastewater pipelines, gas pipelines, HVAC systems, and many more.


Buy Now:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7619


Regional Analysis

The global market for plastic pipes is studied across five major geographies: Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The MRFR research documents imply that the North American region will lead the global market for plastic pipes over the review era. The region is known to have Canada and the U.S. as the leading growth contributors.

The Asia-Pacific regional market for plastic pipes is guaranteed to display substantial development over the review era. Some of the nations across the region extend towards the region of North America to carry out some of the industrial and agricultural activities, which is considered the prime parameter supporting the development of the regional market. The region is also known to perform the exploration works of both oil and gas, which in turn is also predicted to boost the regional market's performance for plastic pipes over the review era. Furthermore, the rising construction activities across the region and the rise in maintenance and repair activities are also predicted to catalyze the development of the market over the review timeframe. In addition, the regional governments are also taking initiatives to boost maintenance activities, which is also likely to impact regional market development over the coming years positively.


Share Your Queries:
https://www.marketresearchfuture.com/enquiry/7619


Discover more research Reports on 
Construction Industry, by Market Research Future:

Flooring Market Information by Material (Carpets, Tiles, Vinyl & Rubber, Wood & Other), by Type (Soft covering, Resilient, Non-resilient & others), Application (Healthcare, Education, Hospitality, Retail and Sports) and by Region - Forecast to 2030

Fiberglass Pipes Market information report by Type (GRE Pipes, GRP Pipes and Other pipes), by Fiber type (E-glass, T-Glass, S-Glass, R-Glass and Others), by End use (Oil & gas, Chemicals, Sewage, Irrigation and others) and Region - Global Forecast Till 2030

Telehandler Market Information Report by Capacity (Less than 3 ton, 3.1 to 4 tons, 4.1 to 5 tons), by Application (Construction, Agriculture, Mining and Others) and By Countries (China, Germany, France, U.K. and Eastern European Countries) - Forecast To 2030.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter


Plastic Pipes Market Expected to Reach USD 40 Billion by

Related News

menu
menu