PVC Pipe Market
At anestimated value of over USD 58.88 billion in 2019, the Global PVC Pipe Market is predicted to thrive at a CAGR of 5.9% andvalued at USD 101.62 billion over the forecast year 2020-2030.
Polyvinylchloride is one of the largest selling plastic commodities after thepolypropylene and polyethylene. They are popularly known for their high tensilestrength, endurance to extreme temperature conditions, ductility, andresistance over corrosion. These pipes have observed extensive demand over thelast few years owing to their easy installation, light weight, and lowmaintenance. PVC pipes are commonly used for various applications indrain-waste-vent (DWV), sewers, conduit, water service lines, water mains,irrigation, and various industrial installations.
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TopCompanies: Advanced Drainage Systems,Inc., Egeplast a.s., China Lesso Group Holdings Ltd., Finolex Industries Ltd,IPEX Inc., North American Pipe Corporation, JM Eagle Company, Inc., PipelifeInternational GmbH, Royal Building Products, Sekisui Chemical Company Ltd,Plastika AS, Polypipe Plc, Tessenderlo Group, Tigre SA and others.
The globalPVC pipe market share is segmented on the basis of type, material, application,and geography. On the basis of type the market is segmented into plasticized,unplasticized, and chlorinated. According to the material, market is dividedinto PVC resin, plasticizers, stabilizers, lubricant, pigment base, and others.On the basis of application, the market is segmented into irrigation, watersupply, plumbing, sewer & drain, oil & gas, HVAC, and others.Geographic fragmentation and analysis of each segment includes regionscomprising North America, Europe, Asia Pacific and RoW.
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In terms ofgeography, Asia-Pacific held major share of the PVC pipes market in 2019. Thisis due to the dominance of China being the largest producer as well as consumerof PVC pipes. In addition, expansion of industries such as construction,agriculture, and pharmaceutical in this region is contributing to the marketgrowth. Moreover, India is significantly pushing the demand for PVC pipes to thenorth due to considerable investments in its agricultural and chemicalindustry. However, North America is expected to grow rapidly with increasingmarket size due to demand for PVC pipes in the construction and agriculturesectors across the U.S. and Canada.
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