by The Global 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 Overview:
PVC pipes are durable and affordable plastic pipes which are used for transporting water, gas, sewage and wastewater. Made from Polyvinyl chloride resin, PVC pipes are corrosion resistant, require low maintenance and are also lightweight. Compared to other pipes like steel or copper, PVC pipes are cost effective. They can sustain heavy loads, high pressure and chemicals commonly found in municipal and industrial wastewater. With increasing demand for PVC pipes from construction and infrastructure projects, the market is expected to witness steady growth over the forecast period.
Market key trends:
One of the key trends in the PVC pipes market is the shift towards multi-layered PVC pipes. Multi layered PVC pipes have better longevity, strength and are more resistant to corrosion compared to single layered pipes. Leading manufacturers are focusing on developing multilayer PVC pipes which combine advantages of different materials like PE, PVC etc. and offer reinforcement to withstand higher pressures. Another trend is growth in demand for PVC pipes with fusion technology. Fusion technology allows jointing of PVC pipes without glue thereby providing stronger, more durable joints. It has gained acceptance in developed markets and its adoption is increasing in developing regions as well. Growth in construction projects and urbanization in emerging economies will continue to drive the demand for PVC pipes globally.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the Pvc pipes market is low as it requires high capital investment to enter into the business due to strong market penetration of established players. Pipes are considered as essential commodities, hence it is difficult for new entrants to gain customer trust.
Bargaining power of buyers: Bargaining power of buyers is moderate as PVC pipes are standardized products and customers can easily switch between suppliers. However, extensive distribution network of leading players pose challenge to buyer’s power.
Bargaining power of suppliers: Bargaining power of raw material suppliers is moderate due to availability of substitute raw materials. However, established relationships between suppliers and manufacturers influence the power.
Threat of new substitutes: Threat from substitutes like concrete, HDPE pipes etc. is low to moderate as PVC pipes have advantages of lightweight, flexible, low cost and high durability in certain applications like plumbing, irrigation and sewage systems.
Competitive rivalry: Competition in the global Pvc pipes market is high considering presence of global and regional players adopting strategies like mergers & acquisitions, new product launches to gain higher market share.
Key Takeaways
The Global Pvc Pipes Market is expected to witness high growth, exhibiting CAGR of 5.9% over the forecast period, due to increasing infrastructural developments and replacement of ageing pipeline infrastructure across the globe. Asia Pacific dominates the market and is projected to grow at the fastest rate during the forecast period owing to robust investments in construction industry and development of water supply networks in emerging economies like China and India.
Regional analysis
Asia Pacific accounts for largest share in the global Pvc pipes market and is projected to witness growth at a CAGR of over 6% during 2023-2030. Rapid urbanization and industrialization in countries like China and India, along with government initiatives towards building new infrastructure and rehabilitation of old pipelines, are driving the demand. China represents majority of the regional market share owing to large pipeline installation projects for water transportation and supply.
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 Group Holdings Limited is one of the prominent manufacturers with global presence and wide product portfolio including PVC pipes and fittings.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
