Opportunities for the global PVC pipe market to reach $51.5 billion by 2024

According to a new market report published by Lucintel, the future of the global PVC (Poly Vinyl Chloride) pipe market looks promising with opportunities in the residential, industrial, and commercial construction industries. The global PVC pipe market is expected to reach an estimated $51.5 billion by 2024 with a CAGR of 5.8% from 2019 to 2024. The major drivers for this market are growth in residential and non-residential construction activities and replacement of aging pipelines.

In this market, unplasticized PVC (UPVC) and plasticized PVC pipes are used in various applications. On the basis of comprehensive research, Lucintel forecasts that plasticized PVC pipes will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its heat and chemical resistance properties.

PVC pipes are used in various applications such as potable water, wastewater water, agriculture, oil and gas, HVAC, and others. Within the global PVC pipe market, wastewater will remain the largest application over the forecast period due to the increasing urbanization and development of infrastructure. Potable water is expected to witness the highest growth during the forecast period due to increasing building construction activities and aging water infrastructure.

By diameter type, the global plastic pipe market is segmented into small diameter pipes and large diameter pipes. The small diameter pipe segment is expected to remain the largest segment over the forecast period.

APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due increasing urbanization, infrastructure development, and the continuous growth of the residential construction.

Emerging trends which have a direct impact on the dynamics of the market include increasing use of multilayer technology in PVC pipes and introduction of new technology applying molecular orientation in the PVC-O pipes. Mexichem, China Lesso, Sekisui Chemicals, Supreme Industries, Finolex Industries, Advanced Drainage Systems, Solvay, Jain Irrigation Systems, Formosa Plastics, Astral Poly Technik, and Westlake Chemicals are among the major suppliers of PVC pipe market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global PVC pipe market application, end use, product form, product type, diameter, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global PVC Pipe Market 2019-2024”. The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global PVC pipe by application, end use, product form, product type, diameter, and region, as follows:

By Application [Volume (Thousand Tons) and $M shipment analysis for 2013 to 2024]:

·      Potable Water

·      Wastewater

·      Agriculture

·      Oil and Gas

·      HVAC

·      Others

By Product Type [Volume (Thousand Tons) and $M shipment analysis from 2013 to 2024]:

·      Unplasticized PVC Pipes (UPVC)

·      Plasticized PVC Pipes

            ·      Chlorinated PVC pipes

            ·      Others

By End Use [Volume (Thousand Tons) and $M shipment analysis for 2013 to 2024]:

·      Residential

·      Industrial

·      Commercial

By Product Form [Volume (Thousand Tons) and $M shipment analysis for 2013 to 2024]:

·      Rigid PVC Pipe

·      Flexible PVC Pipe

By Diameter [Volume (Thousand Tons) and $M shipment analysis from 2013 to 2024]:

·      Small Diameter Pipe

·      Large Diameter Pipe

By Region [Volume (Thousand Tons) and $M shipment analysis from 2013 to 2024]:

·      North America

·      Europe

·      APAC

·      ROW

This 244-page 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 helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report addresses the following key questions:

Q. 1. What are some of the most promising, high-growth opportunities for the global PVC pipe market by application (potable water, wastewater, agriculture, oil and gas, HVAC, and others), end use (residential, industrial and commercial), product form(rigid PVC pipe, and flexible PVC pipe), product type ( Unplasticized PVC, and plasticized PVC pipe (Chlorinated PVC pipes and Others),  diameter (small diameter and large diameter pipes),  and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2. Which product segment will grow at a faster pace and why?

Q. 3. Which region will grow at a faster pace and why?

Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?

Q.5.What are the business risks and competitive threats in this market?

Q.6.What are the emerging trends in this market and the reasons behind them?

Q.7.What are some of the changing demands of customers in the market?

Q.8.What are the new developments in the market and which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?

Q.10.What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q. 11. What M&A activity has occurred in the last 5 years?