PVC Pipe Market by Global Demand and Top Players 2021 to 2030

Posted by Vedika on February 23rd, 2021

At an estimated value of over USD 58.88 billion in 2019, the Global PVC Pipe Market is predicted to thrive at a CAGR of 5.9% and valued at USD 101.62 billion over the forecast year 2020-2030.

Polyvinyl chloride is one of the largest selling plastic commodities after the polypropylene and polyethylene. They are popularly known for their high tensile strength, endurance to extreme temperature conditions, ductility, and resistance over corrosion. These pipes have observed extensive demand over the last few years owing to their easy installation, light weight, and low maintenance. PVC pipes are commonly used for various applications in drain-waste-vent (DWV), sewers, conduit, water service lines, water mains, irrigation, and various industrial installations.

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Top Companies: Advanced Drainage Systems, Inc., Egeplast a.s., China Lesso Group Holdings Ltd., Finolex Industries Ltd, IPEX Inc., North American Pipe Corporation, JM Eagle Company, Inc., Pipelife International GmbH, Royal Building Products, Sekisui Chemical Company Ltd, Plastika AS, Polypipe Plc, Tessenderlo Group, Tigre SA and others.

The global PVC pipe market share is segmented on the basis of type, material, application, and geography. On the basis of type the market is segmented into plasticized, unplasticized, and chlorinated. According to the material, market is divided into PVC resin, plasticizers, stabilizers, lubricant, pigment base, and others. On the basis of application, the market is segmented into irrigation, water supply, plumbing, sewer & drain, oil & gas, HVAC, and others. Geographic fragmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.

In terms of geography, Asia-Pacific held major share of the PVC pipes market in 2019. This is due to the dominance of China being the largest producer as well as consumer of PVC pipes. In addition, expansion of industries such as construction, agriculture, and pharmaceutical in this region is contributing to the market growth. Moreover, India is significantly pushing the demand for PVC pipes to the north due to considerable investments in its agricultural and chemical industry. However, North America is expected to grow rapidly with increasing market size due to demand for PVC pipes in the construction and agriculture sectors across the U.S. and Canada.

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