Global PVC Pipes Market Size To Grow USD 9.0 Billion By 2030 | CAGR 6%

Global PVC Pipes Market Size To Worth USD 129 Billion By 2030

According to a research report published by Spherical Insights & Consulting, The Global PVC Pipes Market Size to grow from USD 76.5 billion in 2021 to USD 129 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 6% during the forecast period. 

The Global PVC pipes market has grown due to their advantageous qualities, including lightweight, cost-effectiveness, ease of installation, and longevity. They are also used in electrical fittings due to their superior heat and electrical insulation qualities.

Browse key industry insights spread across 175 pages with 110 Market data tables and figures & charts from the report on the Global PVC Pipes Market Size, Share, and COVID-19 Impact Analysis, By Type (Unplasticized, Molecular Oriented, Chlorinated, and Others), By Application (Irrigation, Sewerage, Water Supply, Plumbing, Oil & Gases, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/pvc-pipes-market-

On credit portfolios, the COVID-121.9 epidemic has had a negative effect. The enormous growth has hampered the solvency of customers and businesses in unemployment and interruption of economic activity. Central banks have adopted a proactive strategy of injecting money into the market by decreasing interest rates and implementing asset purchase programs. With persistent geopolitical tensions, global trade battles, and sporadic hurricanes and earthquakes, managing and monitoring credit, market, liquidity, and operational risk across financial markets was challenging enough.

Chief risk officers and their teams have had to reevaluate outdated methods and assumptions used to manage and monitor risk due to the present pandemic crisis. The global repercussions of COVID-19 have demonstrated the significance of interconnection in international cooperation. As a result, many governments have been hurrying to find, assess, and buy trustworthy AI-powered solutions.

The chlorinated segment accounts for the largest market size during the forecast period

 Based on the type, the global PVC pipes market is categorized into Unplasticized, Molecular Oriented, Chlorinated, and Others. The chlorinated segment accounts for the largest market size during the forecast period. Chlorinated PVC is known as C-PVC. Many of the benefits of PVC-U are also found in C-PVC pipes and fittings. However, C-PVC pipes and fittings can survive a broader range of temperatures because of their higher chlorine content than conventional PVC-U. Because of this, C-PVC is a preferred material for water piping systems in both residential and commercial construction.

The irrigation segment to hold a higher CAGR during the forecast period.

 Based on the application, the PVC pipes market is categorized into Irrigation, Sewerage, Water Supply, Plumbing, Oil & gas, and Others. The irrigation segment to hold a higher CAGR during the forecast period. The cost of irrigation projects is rising quickly and requires a lot of time. Using PVC pipe for the laterals or the conduit between the valves on the main water line is a wonderful method to cut costs on an irrigation project. However, PVC pipe is an excellent lateral material.

North America to hold a higher CAGR during the forecast period.

The Global PVC Pipes Market has been segmented into five major regions:  North America, Europe, Asia-Pacific, South America, The Middle East, and Africa. 

Asia- Pacific is estimated to account for the highest market share in 2022.   This is due to the growth of sectors, including construction, agriculture, and pharmaceuticals influencing the industry.

Major vendors in the Global PVC Pipes Market include Avient Corporation (US), Chemplast Sanmar Limited (India), Westlake Chemical Corporation (US), Mitsubishi Chemical Corporation (Japan), SABIC (Saudi Arabia), LG Chem (South Korea), 3M (U.S.), Dow (U.S.), DuPont (U.S.), LSB INDUSTRIES (US), Sika AG (Switzerland), Innospec (U.S.), ADEKA CORPORATION (Japan), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), PMC Specialties Group (U.S.), Afton Chemical (U.S.), The Lubrizol Corporation (U.S.), Clariant (Switzerland), LANXESS (Germany), Mayzo, Inc. (U.S.), Solvay (Belgium), Akzo Nobel N.V. (Netherlands), Arkema (France), and Eastman Chemical Company (U.S.).

Recent Key Developments:

• In January 2021, To support its integrated PVC company, Shin-Etsu Chemical Co. Ltd, Shintech stated that it would invest USD 1.25 billion in the capital. This move would increase Shintech Inc., its US subsidiary production’s capacity. The annual PVC production capacity of Shintech is anticipated to be 3.62 million metric tons.

• In January 2021, Due to limitations in demand, Orbia intended to sell its PVC Unit. The ultimate decision regarding the divestiture is not made public.

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global PVC pipes market based on the below-mentioned segments:

Global PVC Pipes Market, By Type

• Unplasticized
• Molecular Oriented
•  Chlorinated
• Others

Global PVC Pipes Market, By Application

• Irrigation
• Sewerage
• Water Supply
• Plumbing
• Oil & Gases
• Others

Global PVC Pipes Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

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