Plastic Pipe Market size was valued at USD 55.9 Billion in 2023 and is projected to cross USD 129.5 Billion by the end of 2036, expanding at more than 7.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of plastic pipe is assessed at USD 62.45 Billion.
The market is driven by the increasing utilization of plastic pipes across various sectors, including pipeline, and construction projects. Pipelines are used universally for the transportation of oil, water, or diesel over long distances. A 2022 study by the Observatory of Economic Complexity stated the global trade of petroleum oils, and oils procured from bituminous minerals reached a total of USD 1.45 trillion in 2022. Therefore, increasing application of plastic pipes in pipelines, and construction projects is predicted to boost market expansion in the upcoming years.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
7.1% |
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Base Year Market Size (2023) |
USD 55.9 billion |
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Forecast Year Market Size (2036) |
USD 129.5 billion |
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Regional Scope |
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Material (Polyvinyl chloride, Polypropylene, Polyethylene)
By 2036, polyvinyl chloride segment is set to dominate plastic pipe market share of over 55.0% with a growth rate of 6.3% in the forecast period. PVC pipes are known for their exceptional performance and extended lifespan. They offer resistance to corrosion, chemical degradation, and various other uses, ensuring reliable and consistent performance even in challenging environmental conditions.
PVC pipes are suitable for above-ground and underground installations due to their ability to withstand elevated temperatures, fluctuations in pressure, and external forces. These sectors are not only crucial for global economic growth, but they also contribute to 29% of the economy in 2024. Without enough PVC supply, agricultural fields cannot be irrigated, potentially leading to a food supply calamity. Thus, PVC plays a crucial function in this economically significant sector eventually expanding the plastic pipe market.
Application (Irrigation, Water Supply, Sewerage)
The water supply segment in plastic pipe market is anticipated to dominate sales in the forecast period. Plastic pipes are flexible, durable, and corrosion-resistant, making them popular in water delivery systems. In residential, commercial, and industrial infrastructures, polymers (PVC, CPVC, PE, and PEX) pipes convey potable water supply. These pipes are leak-proof and also are resistant to scaling and chemical reactions, extending the life of the plumbing system life compared to conventional metal pipes.
The water supply system's lifespan and safety depend on proper installation and maintenance. Therefore, the companies are expanding their operations in different countries. For instance, on 23 May 2024, Westlake Corporation announced its plan to build molecular -oriented polyvinyl chloride pipe plant at its manufacturing site in Wichita Falls, Texas.
End-Use (Building & Construction, Agriculture, Oil & Gas)
In plastic pipe market, building & construction segment is projected to account for revenue share of more than 70.1% by the end of 2036. Plastic pipes are suitable for several building applications, including constructing residential, commercial infrastructures, HVAC, plumbing, and drainage, due to their strength and rust resistance.
Plastic pipe are a cost-effective choice for construction projects aiming to reduce prices, as they are often cheaper than traditional materials such as metal or concrete pipes. In 2022, 70% of the total polyvinyl chloride (PVC) production in Europe was allocated to the manufacturing of windows, pipes, floors, roofing membranes, and other building items.
Our in-depth analysis of the global plastic pipe market includes the following segments:
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Material |
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Application |
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End-Use |
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APAC Market Statistics
Asia Pacific in plastic pipe market is expected to dominate revenue share of around 52% by the end of 2036. Rapid industrialization, infrastructure development, and urbanization are major factors for market expansion. Due to its cost-effectiveness, corrosion resistance, and lightweight construction, plastic pipes are being used more throughout the region, driving the growth of the plastic pipe market.
India plastic pipe market is rising as residential and commercial constructions require clean water. This has driven demand for PVC pipes and fittings to support residential water flow. In 2022, India imported 3.2 million metric tons of PVC from different sources, with the most significant increase in supplies coming from China, northeast Asia, and North America. The increase in PVC demand in India can be mostly attributed to the government's ongoing efforts to stimulate building and agricultural activities in the country. Both of these industries substantially depend on the supply of PVC pipes.
Population growth, increased building project investments, and government efforts to improve sanitation and water supply infrastructure are driving plastic pipe market demand in China. In addition, firms like China Lesso Group Holdings Limited, a plastic piping systems business generated USD 24,590 million, 79.6% of Group sales, with sustained performance. The Group altered its sales approach to market conditions and expanded its product line, increasing plastic pipe and pipe fitting sales by 10.6% to 2.647 million tons.
Due to the increased spending of investors on infrastructure modernization projects like replacing metal-based pipes and steel pipes with plastic pipes in utility networks, expanding crop irrigation, rehabilitating wastewater collection & distribution, and preferring no-dig technology has been driving the plastic pipe market demand in Japan. For instance, Kubota ChemiX Co., Ltd., a leading Japanese plastic pipe producer, supplies over 10,000 goods under a countrywide sales network and has the greatest share of the Japanese PVC pipe market.
North America Market Analysis
By 2036, North America in plastic pipe market is projected to dominate over 23% revenue share. This region is expected to dominate the plastic pipe industry owing to the strong infrastructure development, technological advances in plastic pipe manufacturing, a growing need for affordable and durable piping solutions, and mandate rules and regulations by the government, supporting the use of plastic pipe for a variety of applications. The region's strong economy and environmental focus drive plastic pipe use in buildings, water distribution, and industry.
Plastic pipe utilization is predicted to expand as residential and commercial infrastructure projects expand in the U.S. Strong financial positions and technical advances of primary market participants are driving the market growth.
The Growing investment in sewer, water, and transportation infrastructure in Canada is expected to drive the plastic pipe market growth. In March 2024 Canada's plastic pipes exports accounted for up to USD 96.52 million and imports accounted for up to USD 116.2 million.
The plastic pipe market is primarily controlled by prominent market players who are increasing their influence in the market through the implementation of various strategies. Pipelines are utilized to carry water, oil, or diesel projects over significant distances, taking into account the environmental effects. This benefits mankind by facilitating the development of numerous industries and promoting market expansion.
Author Credits: Rajrani Baghel
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