PVC Pipes Market Synopsis

The Global Market for PVC Pipes Estimated At USD 58.65 Billion In The Year 2023, Is Projected To Reach A Revised Size Of USD 107.92 Billion By 2032, Growing at a CAGR of 7.01 % Over The Projected Period 2024-2032.

PVC (Polyvinyl Chloride) pipes are a type of plastic piping made from the synthetic polymer PVC. These pipes are widely used in a variety of applications, including sewage systems, water mains, and irrigation. PVC pipes are known for their durability, resistance to corrosion, lightweight properties, and ease of installation. Additionally, they are cost-effective and environmentally friendly, as they can be easily recycled.

• The global PVC pipes market has witnessed substantial growth due to the increasing demand for infrastructure development, especially in emerging economies. The durability, cost-efficiency, and ease of installation of PVC pipes make them an attractive choice for water supply, sewage, and irrigation projects. Governments and private sectors are increasingly adopting PVC pipes for large-scale construction projects, driven by their long-lasting performance and low maintenance costs.
• Technological advancements in PVC pipe manufacturing have further boosted market growth. Innovations in material composition and manufacturing processes have allowed for the production of PVC pipes with enhanced strength, flexibility, and resistance to environmental factors. This has expanded their application in industrial, residential, and agricultural sectors, leading to a broader market reach.
• Moreover, the market is also driven by the growing emphasis on sustainability and environmental conservation. PVC pipes are highly recyclable, and their production requires less energy compared to traditional materials like metal or concrete. As countries and industries strive to reduce their environmental footprints, the demand for PVC pipes is expected to continue rising, supporting global infrastructure development with a sustainable solution.

The PVC Pipes Market Trend Analysis

Increasing Use Of PVC Pipes In Residential And Non-Residential Construction Activities

• The main driver of the market expansion in the upcoming years is increasing demand for pipes in the building and construction, as well as irrigation industries. PVC pipes are becoming more widely used in the construction sector and are a good alternative to metal and concrete pipes. For instance, according to American Chemical Council, there are more than 78 billion pounds of plastic produced annually. An estimated 17% of plastic, including plastic pipes, is used in the building and construction sector.
• The market is anticipated to increase during the forecast period as a result of rising government spending on the construction of wastewater treatment and water infrastructure as well as water delivery in rural areas. The community might save up to 40% on energy expenditures by upgrading to PVC pipes, according to data supplied by Water Finance and Management.
• One of the key reasons driving the growth of the global polyvinyl chloride (PVC) pipe market is increasing spending on research and development efforts. These investments are made by commercial or governmental groups. The growth of the global market for polyvinyl chloride (PVC) pipes is also being driven by the rise in demand for PVC pipes across different industries and sectors. Due to its several benefits that polyvinyl chloride (PVC) pipes demand to increase more quickly.

Increasing Acceptance Of PVC Pipes In Agriculture Irrigation Systems     

• The agriculture sector would be increased by the growth in domestic income and rising food consumption, which will fuel the expansion of the PVC pipes market. The agricultural sector is also excepted to grow as a result of the adoption of a number of significant trends in the sector, such as the increase in exports, the expansion of private investment in agriculture, and the use of information technology.
• The use of PVC pipes for various agricultural applications has increased due to the desire for better irrigation systems and better infrastructure arrangements. PVC pipes are resistant to corrosion and have high tensile strength, flexibility, and durability in harsh temperature conditions.  So, the increased use of PVC pipes across many sectors develops growth opportunities in the PVC market.
• Increase in need and awareness about clean water in rural areas boosts the PVC pipes market growth. The presence of the major key players like Finolex Industries, Supreme Industries, and other major players are focusing on the increase in research and development activities, expanding their manufacturing facilities, and infrastructural development creates more growth opportunities for the market growth.  

Segmentation Analysis of The PVC Pipes Market

PVC Pipes market segments cover the type, Material, Application, and End User. By Type, the Chlorinated segment is anticipated to dominate the Market Over the Forecast period.

• Throughout the forecast period, the chlorinated segment will represent the biggest market share. C-PVC stands for chlorinated PVC. C-PVC pipes and fittings share many of the advantages of PVC-U. Because C-PVC pipes and fittings contain more chlorine than traditional PVC-U, they can withstand a wider range of temperatures. The material of choice for water piping systems in both residential and commercial construction is C-PVC as a result the demand is increasing.
• Chlorinated PVC is more durable and has a longer lifespan than copper plumbing. The uses of chlorinated PVC include hot and cold-water delivery pipes and industrial liquid handling. Due to its several advantages, many plumbers are recommending to use of C-PVC pipes during the need for re-pipe. Because these pipes are easy to install, it is lightweight, and easy to move and carry from one place to another. Such factors drive the growth of chlorinated PVC pipes during the forecast period.

Regional Analysis of The PVC Pipes Market

Asia Pacific is Expected to Dominate the Market Over the Forecast period.

• The increasing construction activities in this region drive market growth. In the Asia Pacific region, China and India hold the maximum market share. The rapid adoption of PVC pipes in the agriculture irrigating system drives the market growth in this region.  Additionally, the rising government initiatives to improve the agriculture sector due to the increasing adoption of organic products are expected to drive the PVC pipes market growth.
• Due to the increasing growth in the Indian agriculture sector drives the market growth. About 58% of India’s population depends on agriculture considering it as a primary source of income. For instance, according to Statista, 42.6% of the workforce in India was employed in agriculture, while the other half was almost evenly distributed among the two other sectors, industry, and services in 2019. While the share of Indians working in agriculture is declining, it is still the main sector of employment.  

• Henceforth, the growing share of the agriculture sector offers the opportunity for the PVC pipes market

Covid-19 Impact Analysis On PVC Pipes Market

• In 2020 covid-19 spread to almost every country in the world. Covid-19 hampers the growth of the PVC pipe market growth. As Asia Pacific is the dominating region of the market but the first covid-19 patient is seen in China, therefore the Chinese government imposed strict regulations on import-export businesses hampers the growth of the market. The supply chain of PVC pipes was disturbed during the pandemic situation.
• The increasing prices of PVC pipes due to the shortage of raw materials hamper the market growth. Moreover, stopping the Building and Construction work that contains more PVC pipes is a major factor that decreases the demand for PVC pipes. The growth of the industry decreased due to the economic downturn, including increased unemployment, decreased consumer spending, and reduced investments of the key players in the development of the pipes affecting the growth of the market.

Top Key Players Covered in The PVC Pipes Market

• Finolex Industries Ltd (India)
• Advanced Drainage Systems Inc. (US)
• China Lesso Group Holdings Ltd. (China)
• Polypipe PLC (UK)
• National Pipe and Plastics Inc. (US)
• IPEX Inc (Canada)
• Avient Corporation (US)
• Astral Polytechnik Limited (India)
• PMC Specialties Group (US)
• Westlake Chemical Corporation (US)
• Chemplast Sanmar Limited (India)
• Eastman Chemical Company (U.S.)
• Sekisui Chemical Co., Ltd. (Japan)
• Formosa Plastics Corporation (Taiwan)
• Tessenderlo Group (Belgium)
• Orbia Advance Corporation S.A.B. de C.V. (Mexico)
• Aliaxis Group S.A. (Belgium)
• Mitsubishi Chemical Corporation (Japan), and Other Major Players

Key Industry Developments in the PVC Pipes Market

• In March 2024, CK Birla-promoted HIL Limited acquired the Topline brand of polyvinyl chloride (PVC) pipes, along with four associated companies, for Rs. 265 crores, as disclosed in a stock exchange filing. This strategic acquisition marked a significant expansion for HIL Limited in the PVC pipes segment, aligning with its broader growth objectives. The transaction, valued at Rs. 265 crores, included both the brand and the associated companies, further strengthening HIL's presence in the market. The acquisition was completed following due diligence and approval processes, as reported in the official disclosure to the stock exchange.
• In March 2024, Apollo Pipes Ltd, a part of the APL Apollo group, acquired a 53.57% majority stake in Kisan Mouldings Ltd (KML) for ?118.40 crore. The acquisition, announced in an exchange filing on Tuesday, was accomplished through a preferential issue of 6,40,00,000 equity shares, each priced at ?18.50 with a face value of ?10. This capital infusion resulted in Kisan Mouldings becoming a subsidiary of Apollo Pipes. The strategic move was aimed at strengthening Apollo Pipes' position in the PVC pipes and fittings sector.