The scope of our recent study on the "Plastic Pipes Market Size and Forecast (2021-2031), Global and Regional Growth Opportunity Analysis -by Type, Material Type, Application, and End-Use Industry" includes the factors fueling the market growth, revenue estimation and forecast, market share analysis, and the identification of significant market players and their key developments.
The plastic pipes market was valued at US$ 65.41 billion in 2023 and is projected to reach US$ 103.51 billion by 2031; it is anticipated to record a CAGR of 5.9% from 2023 to 2031.
Plastic pipes are used for plumbing, drainage, and sewage systems in residential, commercial, and industrial buildings. In agriculture, plastic pipes play a crucial role in irrigation systems and water management. Plastic pipes are used to transport oil, gas, and other fluids in exploration and production activities. Urbanization and infrastructure development have resulted in a growing need for efficient water management systems, thereby creating a demand for plastic pipes. The products are supplied to end users directly via business-to-business sales or the network of independent dealers operating across different regions. End users maintain long-term relationships with plastic pipe manufacturers to ensure a proper and steady supply of high-quality products.
Based on material type, the global plastic pipes market is segmented into polyvinyl chloride, high-density polyethylene, polypropylene, and others. The polyvinyl chloride segment held the largest market share in 2023. PVC pipes are lightweight and easy to install, leading to low labor and installation costs. The emerging economies are investing in water supply, wastewater management, and sanitation projects, increasing the demand for PVC pipes. Further, HDPE pipes are extensively used in water supply systems, gas distribution networks, sewer systems, and mining and geothermal systems. HDPE pipes offer flexibility, durability at high temperatures, and corrosion resistance, making them suitable for geothermal systems. HDPE pipes utilize a joint fuse mechanism, eliminating the requirement for mechanical fittings and reducing the risk of leakage. HDPE pipes can be recycled and have a lower carbon footprint than other materials used in pipe manufacturing. The utilization of HDPE pipes in the oil and gas application contributes to global sustainability efforts and boosts market growth.
Based on application, the global plastic pipes market is segmented into water supply, sewage and drainage, irrigation, gas distribution, and others. The water supply segment held the largest market share in 2023. The plastic pipes demand in water supply applications has witnessed significant growth, driven by several factors such as durability, cost-effectiveness, sustainable infrastructure solutions, and a rise in the need for water management systems. Further, the demand for plastic pipes in gas distribution is driven by its distinct advantages over traditional materials such as steel and iron. It is majorly driven by the rising need for efficient, cost-effective, and durable infrastructure. Composite plastic pipes offer superior flexibility, corrosion resistance, ease of installation, reduced long-term operational costs, and low maintenance. In addition, the rising adoption of natural gas as a clean energy source has contributed to expanding the gas distribution network. Innovations in pipe manufacturing and the development of multi-layer and reinforced plastic pipes have enhanced the strength and reliability of plastic pipes. The ongoing advancement in gas infrastructure and continuous growth of gas distribution networks in urban areas are expected to fuel the market growth.
Based on end-use industry, the global plastic pipes market is segmented into construction and infrastructure, water and wastewater management, oil and gas, and others. The construction and infrastructure segment held the largest market share in 2023. The demand for plastic pipes in the construction and infrastructure industry is driven by the construction boom in emerging economies and the development of innovative plastic pipes. PVC, PP-R, and HDPE are favored pipes due to their properties, such as corrosion resistance and cost-effectiveness over conventional materials, such as steel or copper. Further, rapid urbanization and expansion of infrastructure are primary drivers for the demand for plastic pipes in water and wastewater management. The rising investment by governments and construction companies in residential and commercial projects has contributed to the development of extensive piping networks for water supply and wastewater collection.
The global plastic pipes market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest revenue share of the global plastic pipes market in 2023. Asia Pacific is a prominent market for plastic pipes owing to growth in the construction industry, wastewater treatment facilities, and oil & gas sector. China is the world's largest construction market, which is highly leveraged and supported by government policies. According to the 14th Five-Year Plan (2021-2025), the country aims to increase its urbanization rate to 65%. According to the National Bureau of Statistics of China, the country is the world's largest producer of plastics; it produced ~7.95 million metric tons of plastic products between August 2020 and August 2021. China's policy support and investment focus will help boost sewage pipeline maintenance and black and odorous water bodies treatment, as well as increase wastewater treatment facilities construction in tier-II and tier-III cities. China is the manufacturing hub for many sectors; therefore, the demand for plastic pipes grows with the expansion of end-use industries in the country. According to the Australian Industry and Skills Committee (AISC), the construction industry generates revenue of more than US$ 360 billion, accounting for 9% of Australian GDP; the industry is expected to grow at a projected annual growth rate of 2.4% in the next five years. In July 2024, The Australian Renewable Energy Agency committed up to ~US$ 3 million in funding to the Barwon Region Water Corporation for the Green Oxygen for Wastewater Treatment project. Thus, the growing construction industry and wastewater treatment facilities are expected to create potential business opportunities in the plastic pipes market in Australia during the forecast period.
The report includes the segmentation of the plastic pipes market as follows:
The plastic pipes market analysis is based on type, material type, application, and end-use industry. By type, the market is segmented into corrugated and smoothwall. The corrugated segment is further divided into single-wall and multi-wall. By material type, the market is segmented into polyvinyl chloride, high-density polyethylene, polypropylene, and others. By application, the market is segmented into water supply, sewage and drainage, irrigation, gas distribution, and others. By end-use industry, the market is segmented into construction and infrastructure, water and wastewater management, oil and gas, and others. The scope of the plastic pipes market report focuses on North America (US, Canada, and Mexico), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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