PVC Pipe Market, Size, Share, Trends, Development by 2022Posted by pooja on June 5th, 2019 PVC Pipe Market report, published by Allied Market Research, is expected to reach ,565 million by 2022, growing at a CAGR of 6.7% from 2016 to 2022. Unplasticized PVC pipe segment is expected to retain its dominant position, in terms of revenue generation, throughout the forecast period. China held the leading position in the global market in 2015, and is expected to maintain its lead in the future.
Key Findings of the PVC Pipe Market:
In the year 2015, Asia-Pacific accounted for almost half of the worldwide demand for PVC pipe and is expected to maintain its lead position throughout the forecast period. Further, this region is projected to be the fastest growing region, with a CAGR of 8.3%, followed by LAMEA with 7.7% owing to new infrastructure projects and developments in the rural parts of the region. Major players in the industry invest significantly to expand their capacities and on R&D to meet the growth in demand and launch of new products at a reasonable cost. Strategic acquisitions and collaborations are other major strategies adopted by these players. The major companies profiled in the report include Advanced Drainage Systems, Inc., China Lesso Group Holdings Ltd., Egeplast A.S., Finolex Industries Ltd, IPEX Inc, JM Eagle Company, Inc., North American Pipe Corporation, Pipelife International GmbH, Plastika AS, Polypipe Plc, Royal Building Products, Sekisui Chemical Company Ltd, Tessenderlo Group, Tigre SA, and Formosa Plastics Group.
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