Jul 15, 2020 4:42 PM ET
iCrowd Newswire – Jul 15, 2020
Global PVC Pipes Market is expected to exhibit a strong 7.13% CAGR over the forecast period from 2016 to 2023, according to the latest research report from Market Research Future (MRFR). The research report profiles the Global PVC Pipes Market in great detail and provides readers with a comprehensive overview of the market. The market’s historical growth trajectory, present conditions, and future growth prospects are studied in the report. The report provides a comprehensive overview of the market’s historical growth trajectory by detailing the historical stats regarding the market. Future projections are based on the detailed historical stats offered in the report. Based on this platform, future projections for the PVC Pipes Market’s growth trajectory over the forecast period are provided in the report. The report also profiles the leading players in the Global PVC Pipes Market and gives readers a comprehensive analysis of the leading players in the Global PVC Pipes Market. The report also profiles the major drivers and restraints affecting the Global PVC Pipes Market. The factors making the market tick and those holding the market back are studied in detail in the report. The impact of the COVID-19 pandemic on the PVC Pipes Market is also assessed in the report.
PVC Pipes are widely used for plumbing in various applications, including construction and agriculture. PVC, or polyvinyl chloride, has become the preferred material for pipes due to the easy installation, low maintenance, and light weight of PVC pipes. The growing construction industry has been a major driver for the Global PVC Pipes Market over the last few years.
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As residential as well as commercial construction has grown in the last few years, the demand for effective and cheap plumbing has grown alongside it. This has led to a growing demand for PVC Pipes. The growing demand for effective plumbing in urban areas is likely to remain a key driver for the Global PVC Pipes Market over the forecast period. Increasing residential construction and infrastructure construction in emerging economies in Asia Pacific is likely to be a major driver for the Global PVC Pipes Market over the forecast period.
The increasing demand for effective irrigation in the agriculture industry is also likely to be a major driver for the Global PVC Pipes Market over the forecast period. The cheap and lightweight PVC Pipes have become widely preferred in the agriculture industry over the last few years. The growing agriculture industry and the increasing demand for innovative solutions such as drip irrigation is likely to be a major driver for the Global PVC Pipes Market over the forecast period.
Leading players in the Global PVC Pipes Market include Egeplast AS, National Pipe and Plastics Inc., Amanco, Advanced Drainage Systems Inc., Polypipeplc, Astral Polytechnik Ltd., and China Lesso Group Holdings Ltd.
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Global PVC Pipes Market is segmented on the basis of Type, Application, End Use and Region.
By Type, Global PVC Pipes Market is segmented into post-chlorinated, plasticized, and unplasticized.
By Application, Global PVC Pipes Market is segmented into sewerage, plumbing, water supply, oil and gas, irrigation, and others.
By End Use, Global PVC Pipes Market is segmented into agriculture, housing, building and construction, telecom, and others. The housing and building and construction industries hold the dominant share in the Global PVC Pipes Market and are likely to grow at the highest growth rates over the forecast period.
Asia Pacific dominates the Global PVC Pipes Market, followed by North America and Europe. China is the leading regional market for PVC Pipes, being the leading consumer as well as producer of PVC Pipes. The growing urban construction industry in China is likely to be a major driver for the PVC Pipes Market in the region. Countries such as India, Indonesia, and Malaysia are also likely to emerge as major players in the Global PVC Pipes Market over the forecast period.
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