Plastic Pipe Market Segmentation:
Material Segment Analysis
By 2035, polyvinyl chloride segment is set to dominate plastic pipe market share of over 55%. 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 crucial for global economic growth and contributed 29% of the economy in 2024.
Application Segment Analysis
The water supply segment is anticipated to dominate market share in the forthcoming years. Polymers like PVC, CPVC, PE, and PEX pipes are a popular choice in residential, commercial, and industrial infrastructures. 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. Furthermore, companies are expanding their operations in different countries to cater to a wider customer base. For instance, in 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 Segment Analysis
In plastic pipe market, building & construction segment is projected to account for a revenue share of more than 70.1% by the end of 2035. Plastic pipes have widespread adoption in several building applications, including constructing residential, and commercial infrastructures, HVAC, plumbing, and drainage, due to their strength and rust resistance. Plastic pipes are a cost-effective alternative to traditional materials such as metal or concrete pipes. In 2022, 70% of the total polyvinyl chloride 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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