Global PVC Pipes Market Research Revenue, Opportunity, Segment and Key Trends Analysis to 2028
Bharat Book Bureau Provides the Trending Industry Research Report on “Global PVC Pipes Market Research Report: Information by Type, End Use and Region – Forecast till 2028”under Chemical and Material Market Report. The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.
Market Overview
PVC Pipes Market is anticipated to record a significant CAGR of 5.79% during the review period of 2021 to 2028 to reach USD 87.15 Billion by 2027. PVC pipes are made by the expulsion of intensified PVC pitch. These PVC pipes are utilized as a substitution for the conventional metal pipes, which gets corroded and are weighty with high upkeep cost. The PVC pipes have better strength, are simple to introduce, have better toughness, and are low cost compared to others funnelling materials.
The global PVC Pipes Market is anticipated to witness significant market growth during the review period having the largest market value of USD 61.5 billion in 2020. The rising adoption of PVC pipes as a viable choice to metal and substantial pipes in the development business is relied upon to be a significant main impetus for the development of the market during the projected time frame. Besides, the simple to introduce property and strength credits related to the PVC pipes are additionally expected to help the interest of the item. The increment in ventures for the improvement of water and waste water treatment offices and foundations combined with water supply networks across the rustic regions are relied upon to decidedly affect the development of the market during the coming years.
Market Segmentation
The global PVC pipes market has been classified into type, application, end-use, and region.
In terms of type, the global market has been segmented into post-chlorinated, plasticized, and unplasticized.
The global PVC pipes market has been divided into sewerage, plumbing, water supply, oil & gas, irrigation, and others by application.
Based on the end-use segment, the global PVC pipes market has been divided into agriculture, building & construction, telecommunications, and others.
By application, the global PVC Pipes market is classified into Sewerage, Plumbing, Water Supply, Oil & Gas, Irrigation, and Others.
Regional Analysis
The global PVC pipes market has been studied across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Asia-Pacific is likely to drive the largest market with the highest market share of 45.6%in 2020. The regional market growth is driven by rapid automation and commercialization.
held the largest market share of 45.6% in 2020 due to the rapid industrialization and commercialization in the region. Additionally, rising investments in enhancing the irrigation and water supply infrastructure are fuelling the regional market during the study period. Europe contributed the second-largest market share of the global PVC Pipes market in 2020 with the highest market value of USD 5,000 million. North America is evaluated to register a healthy demand for PVC Pipes because of its widespread applications in the agriculture and construction industry.
Major Players
The prominent players operating in the global PVC Pipes market are China Lesso Group Holdings Ltd. (China), Astral Poly technik Limited (India), Poly pipe Plc (UK), Advanced Drainage Systems, Inc. (US), Amanco (Brazil), National Pipe and Plastics, Inc. (US), JM Eagle Inc (US), NAPCO (US), Finolex Industries Ltd (India), and IPEX Inc (Canada) among others.
COVID 19 Impacts
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