214 Users Online
Plastic Pipes Market by Material (PVC, cPVC, Polyethylene and Fiberglass), PVC material type segment is anticipated to have an absolute dollar opportunity of US$ 767.8 Million from 2023 to 2033.
[223 Pages] According to Persistence Market Research, the Plastic Pipes market will generate US$ 37.34 Billion revenue by 2023. The global market for Plastic Pipes is expected to reach US$ 63.78 Billion by 2033, growing at a CAGR of 5.5% between 2023 and 2033.
|
Global Plastic Pipes Market Size (2022A) |
US$ 35.43 Billion |
|
Global Plastic Pipes Market Size (2023E) |
US$ 37.34 Billion |
|
Projected Plastic Pipes Market Value (2033F) |
US$ 63.78 Billion |
|
Value CAGR (2023 to 2033) |
5.5% |
|
Collective Value Share: Top 3 Countries (2022) |
35% to 40% |
The growth of the market can be attributed to the increasing demand for Plastic Pipes from the Building and Construction, Water Use and Agriculture, oil & gas industry, power generation, chemical and food processing industries across the globe. Increasing demand for water usage infrastructure is projected to lead the global Plastic Pipes market during the assessment period.
Plastic pipe demand is expected to grow significantly in the near future as more cities and towns look for ways to update their water infrastructure systems. Plastics pipes provide an attractive option due to their lightweight properties and ease of installation. The versatility and strength of plastic pipes also make them a desirable choice for water infrastructure projects, as they can easily be adapted for any application.
Prominent industrial equipment, including pipes, filters, water meters, and control valves, has traditionally been made of metal. However, the use of plastic has become more and more popular over the years due to its property of resistance to various advantages like corrosion resistance, non-reactive in nature among others. These factors are significantly driving the market growth.
FREE Report Sample is Available
In-depth report coverage is now just a few seconds away
Get FREE Report Sample
From 2018 to 2022, the global Plastic Pipes market was reported to expand at a CAGR of 3.9%. The global plastic valve market is expected to grow at a moderate growth rate due to increasing demand in water treatment plants, construction and building infrastructure, water distributions, irrigation and pipeline, and chemical & food processing. The addition of Plasticizers and other additives have helped to increase durability under demanding conditions like field temperature, stress, and other factors. With recent innovations in polymer technology, as well as thermoplastics that have been incorporated with robust mechanical properties, engineering materials in such a way that they could serve a variety of these water-related tasks has become possible.
The building and construction sectors are one of the prominent end use sector, which are expanding synchronously with increasing population of the world. The market for Plastic Pipes is anticipated to expand at a 5.5% CAGR between 2023 and 2033. The market is expected to grow from US$ 37.34 Billion in 2023 to US$ 63.78 Billion by 2033.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized VersionThe building and construction industry comprises residential, commercial and industrial sectors. This industry is growing steadily across the globe and has, thus, resulted in an increase in demand for the raw materials used in the construction industry. Pipes, being an imperative part of the building & construction industry, find applications in water & wastewater pipelines, wastewater drainage systems, gas pipelines, HVAC systems, etc.
Growing Industrialization, urbanization, increasing population and poor water use practices are expected to lead to an increase in quantity of wastewater, the improper management of which leads to chemical contamination of drinking water and microbial pollution. This, further causes environmental and health problems and can have financial/economic impacts. Thus, to avoid any deterioration in water quality, various initiatives are being taken by governments and industries for the management of wastewater. With increasing activities surrounding municipal and industrial wastewater treatment, the demand for a strong network of collection systems for combined sewers, separate sanitary sewers and industrial wastewater is increasing across the globe. Thus, increasing demand for collection systems is, in turn, expected to result in an increase in demand for pipes over the forecast period.
Characteristic properties of HDPE pipes such as lightweight, flexibility, durability, corrosion resistance and ability to form integral joints offer many advantages over other types of pipes such as those made from steel, cast iron and PVC, among others. Thus, HDPE pipes are used in various applications such as water irrigation systems, sewage systems, oil & gas transportation, rainwater harvesting etc. Many HDPE pipe manufacturers are offering double wall corrugated HDPE pipes that offer additional stiffness and strength to pipes than traditional HDPE pipes. Moreover, small diameter HDPE pipes can be used over long lengths. They also do not demand high maintenance, are less prone to leakages, reduce labour cost and are used in natural gas transportation in residential buildings
Urbanization across the globe has resulted in expansion and increased demand for infrastructural developments and water supply, which has subsequently resulted in an increase in demand for HDPE pipes. Thus, growing demand for HDPE pipes for water irrigation systems in agriculture industry coupled with rising sewage disposal infrastructure development across the globe is expected to fuel the demand for HDPE pipes during the forecast period.
Sales Team
Client Partner
The quantum of solid waste is ever increasing owing to an increase in population, industrial production, increasing usage in daily products and development of different forms of plastics and composites. Plastic waste makes a significant portion of the total municipal solid waste (MSW). Every day, tons of plastic waste is generated around the globe and one third of it is not even recycled and simply dumped – that is approximately 10,000 Tons per day (TPD) of plastic wastes i.e. around 9% of 120 thousand TPD of MSW in the Europe and America. Between 22 & 43 % of plastic across world is disposed of in landfill, where its resources are wasted, as it takes up valuable space, and can cause hazardous effects to the environment.
This plastic waste either decomposes slowly or merely decomposes and remains unburied for decades. In addition, this waste is carried away with water and wind to different places and adversely affects the ecology. Almost every country has set regulations to control the plastic waste, encourage recycling, and reuse of plastics. These regulations often prove to be a restraint for the plastic production market and compel manufacturers to produce standard and regularized products. Growing plastic waste and stringent norms regarding plastic products are expected to be an impediment to the growth of global plastic pipes market.
Where Does the U.S. Stand in the Global Market for Plastic Pipes?
In 2022, the demand for Plastic Pipes in the United States is expected to be around 22% of the global market. Throughout the projection period of 2023–2033, the U.S. is anticipated to hold a significant share of the market in North America.
The United States is projected to expand steadily at a 5.4% CAGR during the forecasted period and is attributed to contributing to the major volume and value share in the global Plastic pipes market. In the forecast period, it is expected that the U.S. will remain to be the leading country in commercial and infrastructure sectors with new investments and developments. As of February 2019, America's government released its infrastructure initiative to Modernize the infrastructure in the Americas, some of them are namely marlin re-development, kings quay, anchor, Hokchi, Amoca, lxachi, parque das baleeias which will boost the growth of the Plastic Pipes Market. Moreover, in the U.S., there are many end use markets, which keeps the businesses for Plastic Pipes at a good pace.
What is the potential in China for the Plastic Pipes market?
Over the projection period, the demand in China is anticipated to grow at a CAGR of roughly 6.9% in the China market and has 23% of the total market value share globally.
China's construction market has recently experienced unheard-of expansion, and with a projected 5.9 percent growth rate, it will reach US$ 968 billion in value. As a result, China is now the largest market for the construction industry, which is expected to change the plastic pipes market. The government's 13th five-year plan includes projects for water supply and treatment facilities, urban metro systems, road improvements, and the creation of public parks. These initiatives are projected to boost the construction market, which in turn will benefit the plastic pipes market. The high demand for infrastructure on the back of the robust Commercial and Industrial sectors in the country is likely to create numerous opportunities for the construction industry, which is likely to propel the market of plastic pipes for the building and construction sector.
Which End-use Type is More Popular for Use in Plastic Pipes Market?
As per Persistent Marker Research Analysis, Building and Construction sector continue to remain the lucrative end-use industry for plastic pipes during the forecast period. In 2033 the year-on-year growth for building and construction are forecast at 5.1%. There has been observed substantial growth in the commercial and infrastructural activities in the world. Growth in government development initiative has given rise to new construction and infrastructure sector demand. This trend is mostly influencing the plastic valve market.
Building and construction segment is expected to grow at a significant CAGR owing to the growing residential sector. The liquid conduit application segment is anticipated to grow consistently during the forecast period 2023 to 2033 and it is estimated to have around 61.8% of the total market share in 2023.
Which is the most favourable material type used in the production of Plastic Pipes?
The Polyvinyl Chloride (PVC) Material segment is estimated to be valued at over US$ 1.82 Billion by 2033, and exhibit a CAGR of 5.6% through the same period.
The plastic pipes market is segmented into Polyvinyl Chloride, Chlorinated Polyvinyl Chloride, Polypropylene, ABS, and Fiberglass. PVC plastic pipes is more fondly used in the majority of industries. Properties of PVC Materials such as high durability, corrosion resistance, and lower cost make the plastic pipes ideal. From 2023 to 2033, the PVC material type segment is anticipated to have an absolute dollar opportunity of US$ 767.8 Million.
The Plastic Pipes market is competitive in nature due to the numerous players operating in the market. This is a consolidated market with top players holding nearly 30%-35% of the global market. Product development and catering products according to niche applications is a key supply behaviour in the global market. Market participants are vying to be able to provide field support services and maintenance programs as a strategy to work closely to meet customer demands. Many players observe key strategic acquisitions and collaboration initiatives.
Some of the leading companies operating in this space are:
|
Attribute |
Details |
|
Forecast Period |
2023 to 2033 |
|
Historical Data Available for |
2018 to 2022 |
|
Market Analysis |
|
|
Key Regions Covered |
|
|
Key Countries Covered |
|
|
Key Market Segments Covered |
|
|
Key Companies Profiled |
|
|
Pricing |
Available upon Request |
By Material
By Application
By End-User
By Region
The Global Plastic Pipes Market is estimated to be valued at over US$ 37.34 Billion as of 2023.
Plastic Pipes are projected to increase at 5.5% CAGR and is expected to be valued at around US$ 63.78 Billion by 2033 end.
Some of the leading companies manufacturing Plastic Pipes are JM Eagle Inc., Orbia Advance Corp., China Lesso group, Atkore International Holdings, and Contech Engineered Ltd.
U.S., China, Germany, India, and Japan collectively command significant share of demand for Plastic Pipes, globally.
