February 19, 2025

The Growing Construction Activities In Emerging Economies Are Anticipated To Open Up New Avenues For The PVC Pipes Market

PVC pipes are extensively used in the construction industry for drainage, sewage, and plumbing applications. They are durable, corrosion resistant, and cost-effective. PVC pipes are available in different diameters and are ideal for transportation of water, wastewater, and chemicals. They are light weighted and easy to install. Their properties make them suitable for varied applications in building, infrastructure, and agriculture.

The 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 Dynamics:

 

Growth in the construction sector across developing nations is one of the major drivers of the PVC pipes market. Rapid urbanization and increasing investment in infrastructure development are augmenting the demand for PVC pipes in these countries. Furthermore, as PVC pipes are corrosion resistant and require less maintenance compared to metal pipes, they are widely preferred in plumbing applications. Growing agricultural activities have also boosted the use of PVC pipes for irrigation purposes. However, environmental issues related to non-biodegradability of PVC may hamper market growth over the forecast period.

 

Segment Analysis

 

The PVC pipes market is segmented into pressure pipes, sewer & drain pipes, and water supply pipes. The sewer & drain pipes segment currently dominates the market as a result of growing investment in building new drainage systems and renovating the existing infrastructure in both developing and developed nations. These pipes are cost-effective, durable, and resistant to corrosion, making them ideal for drainage applications.

 

PEST Analysis

 

Political: Governments across the world are focusing on upgrading aging water supply and sewage systems through various initiatives. For example, the Indian government’s Jal Jeevan Mission aims to provide tap water connection to every rural household by 2024.

Economic: Rapid urbanization and industrialization in emerging economies are driving demand for efficient infrastructure, including new projects for water distribution and sewage networks.

Social: Rising health awareness and concern for hygiene are encouraging developments in water management infrastructure globally.

Technological: Advancements in material sciences have led to the development of new grades of PVC that are more durable and flexible for complex piping installations.

 

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 investment in water management infrastructure and building construction activities. The market size is estimated to reach US$ 96.53 Bn by 2030 from US$ 62.34 Bn in 2023.

Regional analysis

Asia Pacific dominates the global PVC pipes market and is expected to maintain its leading position throughout the forecast period. This can be attributed to ongoing infrastructure modernization projects, rapid urbanization, and growing construction spending in densely populated nations such as China and India. The Asia Pacific PVC pipes market is projected to expand at a CAGR of 6.5% during 2023-2030.

 

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. China Lesso and JM Eagle are the leading players dominating the market due to their extensive global distribution networks and wide product portfolios.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →