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The Rigid PVC Pipes Segment Is Fastest Growing Segment Fueling The Growth Of PVC Pipes Market

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Pooja Khodke
The Rigid PVC Pipes Segment Is Fastest Growing Segment Fueling The Growth Of PVC Pipes Market

PVC pipes are used in various plumbing applications such as transporting drinking water, drainage systems, sewerage systems, etc. due to its advantages such as durability, rust-free nature and cost effectiveness. PVC pipes require low maintenance and have a longer life span compared to pipes made of other materials.


The global PVC Pipes Market is estimated to be valued at Us$ 62.34 Bn in 2023 and is expected to exhibit a CAGR Of 5.9% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:


Growing construction activities across residential and commercial sectors are driving the demand for PVC pipes. Rapid urbanization and rising disposable income are fueling residential construction in emerging economies. PVC pipes find wide applications in construction for plumbing, sprinkler irrigation, electrical conduit, and HVAC systems. Moreover, replacement of existing metal pipes with PVC pipes for potable water distribution and sewerage systems is further propelling the market growth. PVC pipes offer lesser installation and maintenance costs compared to pipes made of other materials.

Segment Analysis


The global PVC pipes market is segmented by diameter into small diameter pipes (110 mm), medium diameter pipes (25 to 100 mm) and large diameter pipes (355 to 1220 mm). Among these, the medium diameter pipes segment dominates the market and accounted for over 45% of the total demand in 2022. This is due to growing demand for medium diameter PVC pipes from various end-use industries such as water supply, irrigation, sewerage, plumbing and drainage.

Key Takeaways


The Global PVC Pipes Market Size is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing investments in infrastructure development and construction activities across the world.

Regional analysis


Asia Pacific dominated the global market in 2022 and accounted for over 35% of the total demand. China, India and other Southeast Asian countries are witnessing rapid infrastructural development which is driving the demand for PVC pipes in the region. Europe is another major market and is expected to grow at a steady pace during the forecast period.

Key players


Key players operating in the PVC pipes market are China Lesso Group Holdings Limited, Hebei Bosoar Pipe Co. Ltd, Plásticos Ferro S.L., Fujian Aton Advanced Materials Science & Technology Co. Ltd., Pipelife Austria Gmbh & Co KG., Georg Fischer Ltd., Astral Pipes, Aliaxis Group S.A., JM Eagle, Inc., Supreme Industries Ltd., and Vinidex Pty Ltd. The market is highly fragmented with the presence of numerous regional and local players.


Get more insights on this topic:


https://www.insightprobing.com/rising-consumer-awareness-to-boost-the-growth-of-pvc-pipes-market/

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