PVC Pipe Market Expected To Reach $12.1 Billion by 2031

According to a new report published by Allied Market Research titled, “PVC Pipe Market, by Material, Type and Application: Global Opportunity Analysis and Industry Forecast, 2022–2031” The PVC pipe market was valued at $6.3 billion in 2021, and is projected to reach $12.1 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

PVC pipes are widely utilized in the construction of water mains, sewage pipes, and irrigation systems. PVC pipes are sturdy, resilient, lightweight, and easily recycled, making them both cost-effective and environmentally friendly. PVC pipes have a smooth surface that supports faster water flow, due to lower friction than pipe constructed of other materials like cast iron or concrete. PVC pipes can be made in a variety of lengths, wall thicknesses, and diameters to meet international sizing requirements like DIN 8061, ASTM F441, and ASTM D1785.

PVC pipes are manufactured by extrusion of raw material PVC and follow the same steps of typical pipe extrusion operations:

• Feeding of raw material pellets / powder into the PVC twin screw extruder
• Melting and heating in multiple extruder zones
• Extruding through a die to shape into a pipe
• Cooling of the shaped pipe
• Cutting of PVC pipes to the desired length

Despite having a similar manufacturing process to that of most plastic piping, PVC pipes have inherent properties that present significant hurdles to pipe makers in terms of both production and market positioning.

The global demand for PVC pipes is increasing for various reasons. PVC pipes are used in the construction of new buildings as well as existing structures. The need for PVC pipes is increasing, owing to growth in the population. The demand for PVC pipes is increasing as a substitute for existing pipes made of iron and steel, due to many problems such as corrosion, large weight, and high cost of steel and iron pipes. PVC pipes can withstand higher temperatures without rusting or wearing out.

PVC extruders are subjected to high levels of friction and stress due to the nature of PVC material. This means that PVC pipe manufacturing lines must use specialist extruders with a twin screw extruder arrangement and sturdy construction materials that can survive the rigorous PVC extruder operating conditions to ensure a long service life. This can hinder market growth of PVC pipe.

By type, the unplasticized PVC segment dominated the global market in 2021 and is anticipated to maintain its dominance during the forecast period. The chlorinated PVC segment is projected to grow at a significant CAGR of 5.4% during the forecast period. By application, the sewer & drain segment holds the largest share by application in terms of revenue and is expected to grow at a CAGR of 5.9%.

Asia-Pacific and Europe collectively contributed more than half of the share to the global PVC pipes market revenue in 2021. Asia-Pacific dominated the market, owing to increase  in construction activities, particularly in the BRIC region (Brazil, Russia, India, and China). This is factor anticipated to fuel the demand for PVC pipes in the construction industry.

The PVC pipe market is segmented into type, material, application, and region. Depending on type, it is classified into chlorinated PVC, plasticized PVC and unplasticised PVC. On the basis of material, it is segmented into PVC resin, stabilizers, plasticizers, lubricant, pigment base, and others. Based on the application, the PVC pipe market is segmented into irrigation, water supply, sewerage, plumbing, oil & gas, HVAC, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The PVC pipe market share is analyzed in terms of million meters and $million.

Key players profiled in this PVC pipe market 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.

Other major players (not profiled in report) in the PVC pipe market are Mexichem, Radius Systems Ltd., National Pipes & Plastics, Georg Fischer Ltd., REHAU, Uponor, Astral Pipes, Yonggao Co., Ltd., Vinidex Pty Ltd, COEMAC, and Adequa Water Solutions, S.A

COVID-19 Impact on Market

• The PVC pipe market was impacted by the COVID-19 pandemic in terms of distribution and logistics. Production and distribution was ceased, owing to economic downturn due to the pandemic.
• In addition, the COVID-19 pandemic disrupted the building and construction industry, resulting in decrease in demand for PVC pipes.
• The COVID-19 pandemic hindered inter-country activity and import and export of PVC pipes due to varied economic and legal limitations across the globe. As a result, the PVC pipes demand in the building and construction industry suffered a significant downfall. However, the situation is expected to improve in coming 2 years owing to government support to infrastructure projects.

Key Findings Of Study

• The PVC pipe market size is provided in terms of million meters and $million.
• The demand for PVC pipes was considered while estimating the market size and not consumption of PVC in pipes application.
• On the basis of type, the unplasticized PVC segment emerged as the global leader, registering 55.1% market share in 2021 in terms of revenue, and is anticipated to continue its dominance during the forecast period.
• On the basis of material, the PVC segment emerged as the global leader, registering 69.2% market share in 2021 in terms of revenue, and is anticipated to continue its dominance during the forecast period.
• Region wise, Asia-Pacific is the major consumer of PVC pipe among other regions. It accounted for around 44.2% of the global market share in 2021 as a result of rapid growth in the construction sector across the region.
• Brazil accounts for 15.5% share in LAMEA PVC pipe market in 2021.
• China grows at a faster rate in Asia-Pacific PVC pipe market, registering a CAGR of 6.0% from 2021 to 2031.
• Germany accounts for 18.8% share in Europe PVC pipe market in 2021.