Enjoy complimentary customisation on priority with our Enterprise License!
The plastic pipes market size is forecast to increase by USD 23.57 billion, at a CAGR of 5.4% between 2023 and 2028. The market is witnessing significant growth due to several key trends and drivers. One of the primary drivers is the increasing construction activities in emerging economies, leading to an increase in demand for plastic pipes. Another trend influencing market growth is the rising popularity of anti-microbial pipes, which offer enhanced health benefits and improved water quality. However, the market is also facing challenges, including the fluctuating prices of raw materials used in plastic pipe production, such as polyvinyl chloride (PVC) and polyethylene (PE). These price fluctuations can impact the profitability of plastic pipe manufacturers and may lead to increased costs for end-users. Despite these challenges, the market is expected to continue its growth trajectory due to its numerous advantages, including durability, cost-effectiveness, and ease of installation.
Request Free Plastic Pipes Market Sample
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The polyvinyl chloride segment is estimated to witness significant growth during the forecast period. Plastic pipes have gained significant traction in various pipeline sevice projects due to their versatility and durability. These pipes are extensively used in water supply and sewage treatment applications, making up a substantial portion of the overall market. The primary plastic pipe materials include PVC, or polyvinyl chloride, PE, or polyethylene, PP, or polypropylene, and their high-density (HDPE) and low-density (LDPE) variants. Plastic pipes find extensive use in water and wastewater applications, including potable water, extreme weather resistance, wastewater disposal, renewable energies, hydrogen networks, and plastic cable protection. In addition, they are increasingly being adopted in agriculture, chemicals, building and construction, power generation, chemical processing, and food processing industries. The choice of plastic pipe material depends on the specific application requirements.
Get a glance at the market share of various regions Download the PDF Sample
The polyvinyl chloride segment was the largest and was valued at USD 25.96 billion in 2018. For instance, PVC is known for its excellent corrosion resistance and is commonly used for potable water and sewage applications. PE, on the other hand, offers high flexibility and is suitable for applications requiring bending and flexibility. Cross-linked PE (PE-X) and Acrylonitrile Butadiene Styrene (ABS) are popular choices for hot and cold water applications. Recycled plastics and bioplastics are gaining popularity as sustainable alternatives to conventional plastic pipe materials. These eco-friendly options align with the global shift towards infrastructure investment and sustainable practices in various industries. Overall, the market is expected to continue its growth trajectory, driven by the increasing demand for reliable and cost-effective piping solutions.
For more insights on the market share of various regions Request Free Sample
APAC is estimated to contribute 60% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Plastic pipes, specifically those made of High-Density Polyethylene (HDPE), have gained significant traction in the water infrastructure sector due to their lightweight properties and ease of installation. These pipes are non-reactive, ensuring they do not corrode or leak, making them ideal for use in water supply systems, sewage systems, and wastewater management. In water treatment plants, HDPE pipes are employed for transporting treated water and in wastewater treatment for moving wastewater and sludge. Rainwater harvesting systems also benefit from the use of these pipes. The commercial and industrial sectors increasingly prefer plastic pipes for their environmental impact, as they are recyclable, reducing plastic waste. Infrastructure development projects, including those related to water supply and wastewater management, are significant contributors to the market growth.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Advanced Drainage Systems Inc. - The company offers plastic pipe products such as ADSs recycled plastic pipe, PolyFlex Pipe, ?N-12 Dual Wall Pipe, and others.
Technavio provides the ranking index for the top 20 companies along with insights on the market positioning of:
Explore our company rankings and market positioning Request Free Sample
Market structure |
Fragmented |
YoY growth 2023-2024 |
5.3 |
The market is experiencing significant growth due to the increasing investment in pipeline projects for water supply and sewage treatment. Plastic pipes, including PVC, PE, and HDPE, are popular choices for infrastructure development due to their durability, resistance to extreme weather, and lightweight properties. PVC, or polyvinyl chloride, is widely used in potable water supply and sewage systems. PE, or polyethylene, comes in various densities, with HDPE and LDPE being commonly used for natural gas, water, and industrial applications. Cross-linked PE-X is another type of PE, known for its flexibility and resistance to high temperatures. Plastic pipes are also essential in agriculture, renewable energies, hydrogen networks, plastic cable protection, and various industries such as building and construction, power generation, chemical processing, food processing, and water infrastructure. Ceresana reports that the market is expected to grow due to increasing water use and the need for wastewater disposal. Additionally, the shift towards renewable energies and the development of hydrogen networks are expected to boost the demand for plastic pipes in the future. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing construction activities in emerging economies are notably driving market growth. The market is experiencing significant growth due to the increasing number of pipeline projects in various sectors. In the water supply and sewage treatment segments, plastic pipe materials such as PVC (polyvinyl chloride), PE (polyethylene), HDPE (high-density polyethylene), LDPE (low-density polyethylene), PP (polypropylene), and others are extensively used. These materials offer advantages like corrosion resistance, flexibility, and ease of installation, making them ideal for applications in potable water, wastewater disposal, renewable energies, hydrogen networks, plastic cable protection, and more. The infrastructure investment in sectors like building and construction, water use, power generation, chemical processing, food processing, and agriculture is driving the demand for plastic pipes.
For instance, the construction of smart cities, transportation networks, and commercial buildings in emerging economies like India, Brazil, South Africa, and Indonesia, is leading to an increase in demand for efficient and durable piping solutions. Additionally, extreme weather conditions and the need for sustainable solutions are further boosting the market growth. The use of Cross-Linked Polyethylene (PE-X), Acrylonitrile Butadiene Styrene (ABS), Recycled Plastics, and Bioplastics is also gaining popularity due to their environmental benefits. Thus, such factors are driving the growth of the market during the forecast period.
Growing popularity of anti-microbial pipes is the key trend in the market. The market is witnessing a notable trend towards the use of anti-microbial pipes in various pipeline projects, particularly in sectors such as water supply, sewage treatment, and building and construction. This trend is driven by growing concerns over water quality, public health, and the need to prevent biofilm formation within piping systems. Plastic pipe materials like Polyvinyl Chloride (PVC), Polyethylene (PE), Polypropylene (PP), and Acrylonitrile Butadiene Styrene (ABS) are used to manufacture anti-microbial pipes. These pipes are designed with materials or coatings that inhibit the growth of bacteria, fungi, and other harmful microorganisms, ensuring cleaner water supply and reducing the risk of contamination. This trend is especially significant in sectors where maintaining high standards of hygiene is critical, such as healthcare, food processing, and residential plumbing.
In addition, the increasing infrastructure investment in sectors like renewable energies, hydrogen networks, and wastewater disposal is also expected to drive the demand for plastic pipes in the coming years. Cross-linked PE-X and recycled plastics are also gaining popularity due to their cost-effectiveness and environmental benefits. Furthermore, bioplastics are emerging as an alternative to traditional plastic pipes, offering sustainability and biodegradability advantages. The market is expected to grow significantly in the coming years due to the increasing demand for water and wastewater, gas supply, and chemical processing applications. Thus, such trends will shape the growth of the market during the forecast period.
Fluctuating price of raw materials used in plastic pipe production is the major challenge that affects the growth of the market. The market is experiencing fluctuations in raw material prices, primarily due to the close relationship between petrochemicals and crude oil. Polymers such as PE, PP, and PVC, which are the primary materials used in manufacturing plastic pipes, are derived from petrochemicals. As a result, the prices of these polymers are influenced by the volatility of crude oil prices. In the first half of 2022, geopolitical tensions between Russia and Ukraine, culminating in Russia's full-scale invasion on February 24, 2022, caused a rise in crude oil prices. By March 8, 2022, the combination of Russia's invasion and low global crude oil inventories pushed the price of crude oil to its highest inflation-adjusted level since 2014. This price increase significantly impacts the manufacturing costs and profit margins of plastic pipes, which are used extensively in various pipeline projects.
This includes water supply, sewage treatment, and wastewater disposal, as well as in industries such as agriculture, chemicals, renewable energies, hydrogen networks, plastic cable protection, and cross-linked PE-X. Additionally, plastic pipes are employed in various sectors like building and construction, water and wastewater, power generation, chemical processing, food processing, and gas supply. The use of recycled plastics and bioplastics is also gaining popularity due to their environmental benefits, further expanding the market scope. Despite these challenges, infrastructure investment continues to drive the demand for plastic pipes, making it a resilient market. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
The market is witnessing significant growth due to the increasing infrastructure investment in pipeline projects for water supply and sewage treatment. Plastic pipes, including PVC, PE, HDPE, LDPE, PP, and others, are widely used in various applications such as water and wastewater, agriculture, chemicals, and renewable energies. The corrosion resistance property of plastic pipes makes them an ideal choice for transporting potable water and sewage. Extreme weather conditions and the need for efficient wastewater disposal are driving the demand for plastic pipes in various regions. Plastic pipes are also used in gas supply, building and construction, power generation, chemical processing, food processing, and plastic cable protection. Other materials like acrylonitrile butadiene styrene, recycled plastics, and bioplastics are also gaining popularity due to their environmental benefits. The market is expected to grow further due to the increasing demand for hydrogen networks and biogas infrastructure.
Market Scope |
|
Report Coverage |
Details |
Page number |
217 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
Market growth 2024-2028 |
USD 23.57 billion |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 60% |
Key countries |
China, US, India, Japan, Germany, UK, South Korea, Canada, Indonesia, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Drainage Systems Inc., Aliaxis Holdings SA, Astral Ltd., Chevron Phillips Chemical Co. LLC, China Lesso Group Holdings Ltd., Georg Fischer Ltd., IPEX BRANDING INC., JM Eagle Inc, Kubota Corp., NIBCO INC., Polypipe Ltd, R C Plasto Tanks and Pipes Private Ltd, RIFENG Enterprise Co Ltd, Saudi Arabian Amiantit Co., Sekisui Chemical Co. Ltd., Tessenderlo Group NV, Uponor Corp., Viega GmbH and Co. KG, Wavin BV, and WL Plastics |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, AI impact on market trends, COVID -19 impact and recovery analysis and future consumer dynamics, market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Material
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.