Lucintel Blog: Lucintel Forecasts Chinese Plastic Pipe Market to Reach $60.2 Billion by 2027

Wednesday, August 17, 2022

Lucintel Forecasts Chinese Plastic Pipe Market to Reach $60.2 Billion by 2027

According to the recent study the Chinese plastic pipe market is projected to reach an estimated $60.2 billion by 2027 from $33.9 billion in 2021, at a CAGR of 8.4% from 2021 to 2027. Growth in this market is primarily driven by the increased government spending on infrastructure, residential, and commercial construction, increased industrial production, growth of the irrigation sector, and replacement of aging pipes.

Browse 62 figures / charts and 26 tables in this 145 -page report to understand trends, opportunities and forecast in Chinese plastic pipe market by material (PVC, PE, PP, and other pipes) and application (potable water supply, wastewater supply, electrical and telecommunication cable protection pipes, agriculture sector, chemical sector, and oil and gas sector).

Download sample report by clicking on https://www.lucintel.com/chinese-plastic-pipe-market.aspx.

“Potable water supply market is expected to remain the largest segment during the forecast period.”

Based on application, the Chinese plastic pipe market is segmented into potable water supply, wastewater supply, electrical and telecommunication cable protection pipes, agriculture sector, chemical sector, and oil and gas sector. Lucintel forecasts that the potable water supply market is expected to remain the largest segment due to increasing construction activities, rural water management, and renovation in homes for replacement of old metal pipes with plastic pipes.

“Within the Chinese plastic pipe market, the PVC pipes segment is expected to remain the largest material.”

Based on material the PVC pipes segment is expected to witness the highest growth over the forecast period due to increasing construction activities, leading to high demand for PVC pipes. Also, increasing demand in potable water pipes, drainage and sewage supply, irrigation water supply, and others will augment the demand for PVC pipes.

Download Brochure of this report by clicking on https://www.lucintel.com/chinese-plastic-pipe-market.aspx.

Major players of Chinese plastic pipe market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. CHINA LESSO Group Holdings Limited, Yonggao Co. Ltd., Zhejiang Weixing New Building Materials Co. Ltd., Goody Science and Material Co. Ltd., and Cangzhou Mingzhu Plastic Co. Ltd. are among the major Chinese plastic pipe providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/chinese-plastic-pipe-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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