Global PVC Pipes Market Worth 18.6 Million Tons in 2015

Global PVC Pipes Market Worth 18.6 Million Tons in 2015
Demand of PVC pipes in the developing markets will be driven by the agriculture and construction sectors. PVC pipes for drinking water, irrigation, sewage and drainage are expected to account for the bulk of the total demand.

A PVC (Polyvinyl chloride) pipe is made from a plastic and vinyl combination material. It is the third largest synthetic polymer produced in the world. These pipes are durable, hard to damage, flexible, non-toxic, strong and lightweight. Due to their performance benefits, PVC pipes are now replacing traditional building materials. As they have great shock absorbing abilities and can withstand rigorous shaking of the earth without undergoing any damage, they are increasingly being used in earthquake-prone regions and are most commonly used in water systems, underground wiring and sewer lines. As PVC pipes are also resistant to bacterial contamination, many water companies rely on them to keep their water systems free from contamination.

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According to IMARC group’s latest published report titled “PVC Pipes Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” the global PVC pipes market has grown at a CAGR of around 5.1% during 2008 – 2015 and the production value reached 18.6 Million Tons in 2015. The market growth slowed down in various end-use industries of PVC pipes, particularly in the construction sector due to the global recession in 2009. However, the market again picked up growth from 2010 onwards. Currently, PVC pipes account for around more than half of the total plastic pipes production worldwide. Their demand is on the rise mainly due to an increasing demand for drinking water supply systems, irrigation systems, water sprinkling systems, and sewage and drainage systems. The report has also segmented the market on the basis of region. The global PVC pipes market is currently dominated by Asia which accounts for around half of the total global PVC pipes production in 2015. China currently accounts for most of the Asian PVC pipes production. Asia is followed by Europe and North America.

The study also gives a macro overview of the market as well as micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the PVC pipes market in any manner.

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