Plastic Pipes Market Share

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.