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The plumbing pipes market size is forecast to increase by USD 22.98 billion, at a CAGR of 14.69% between 2023 and 2028. The market is experiencing significant growth, driven by key factors such as the expanding real estate industry and increasing demand for sustainable building materials. The real estate sector's growth is fueling the demand for new constructions and infrastructure projects, leading to increased sales of plumbing pipes. Moreover, the trend towards sustainable and eco-friendly building materials is boosting the market, as plumbing pipes made from recycled or sustainable materials gain popularity. Additionally, price wars among market companies and competition from local manufacturers are creating a challenging environment, requiring companies to focus on innovation and cost-effectiveness to stay competitive. Overall, the market is poised for steady growth, driven by these key trends and challenges.
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The plastic pipes segment is estimated to witness significant growth during the forecast period. The market is experiencing a significant rise due to the increasing demand for reliable water supply and sewage systems. Plastic pipes, particularly PVC and CPVC, are gaining popularity in various applications such as water supply, drainage, and irrigation systems. The shale gas exploration industry and infrastructure renewal projects are major drivers for market growth. Water scarcity and the need for sustainable water management are key factors fueling the adoption of plastic pipes. Innovative technologies like IoT and customized pipe materials are being used to enhance the functionality and durability of these systems.
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The plastic pipes segment was the largest and was valued at USD 9.49 billion in 2018. Price volatility is a challenge for market players, necessitating strategic initiatives like local manufacturing and joint ventures. The market is also witnessing growth in sectors like telecommunication and infrastructure development, driven by the need for lightweight, corrosion-resistant, and low-maintenance solutions.
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APAC is estimated to contribute 36% 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. The market is witnessing significant growth, driven by key players. These companies are focusing on advanced drainage systems and water conservation technologies, aligning with the global trend towards sustainable development. Historical analysis reveals that economic fluctuations and regulatory hurdles have presented challenges to market expansion. Smart Piping Systems, a segment of the market, is gaining traction due to pricing pressures and the need for efficient infrastructure. Sustainable materials like composite materials are increasingly being adopted to address corrosion concerns. Irrigation systems and the construction sector are major end-users, while customer service and brand reputation remain crucial factors in market competition. Economic downturns and infrastructure modernization projects continue to impact market dynamics.
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.
Aliaxis Holdings SA - The company offers plumbing pipe products such as ?GPS PE Blue, SuperFlo ABS, and others
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Market structure |
Fragmented |
YoY growth 2023-2024 |
14.21 |
The market is witnessing significant growth due to the rising demand for efficient water supply, sewage systems, drainage, irrigation, and wastewater management solutions. The market is primarily driven by the increasing shale gas exploration and the need for infrastructure renewal in water supply and sewage systems. Plastic pipes, including PVC pipes and CPVC pipes, are gaining popularity due to their durability, corrosion resistance, lightweight, and low maintenance properties. Innovative technologies such as IoT technology are being integrated into plumbing systems to improve efficiency and reduce water wastage. The market is also influenced by the challenges of water scarcity and water management, leading to the adoption of advanced manufacturing technologies for the production of post-chlorinated, plasticized, and unplasticized pipes. Price volatility is a key factor affecting the market, with manufacturers implementing strategic initiatives to mitigate the impact. The market is further expected to grow with the increasing focus on wastewater management, telecommunication, and irrigation networks. 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.
The growing real estate industry is notably driving market growth. The market is witnessing significant growth due to the increasing demand for water supply and sewage systems in the context of infrastructure renewal and expansion. Plastic pipes, including PVC and CPVC, are gaining popularity in various applications such as water supply, drainage, irrigation, and wastewater management, owing to their durability, corrosion resistance, lightweight, and low maintenance properties. The rising demand for sustainable building and the adoption of recyclable products contribute to the environmental sustainability of these materials.
Infrastructure development and irrigation networks are other significant areas where the market is poised for expansion. Additionally, the increasing focus on manufacturing technologies, post-chlorinated, plasticized, and unplasticized pipes, and the integration of telecommunication systems in plumbing infrastructure are key trends shaping the market landscape. Price volatility remains a challenge, but the market's long-term growth prospects are promising. Thus, such factors are driving the growth of the market during the forecast period.
Increasing demand for sustainable building materials is the key trend in the market. In the realm of sustainable building projects, the focus on eco-friendly materials has led to a rising demand for plumbing pipes made from recycled or recyclable materials. Manufacturers are exploring innovative approaches to address plastic waste concerns and align with circular economy principles. Sustainably produced plumbing pipes, such as those made from PVC or CPVC, offer advantages like low toxicity, energy-efficient production processes, and recyclability. Transparency regarding the sourcing and composition of raw materials is essential in sustainable construction. Manufacturers can enhance transparency by providing detailed information about their production methods and the environmental impact of the materials used.
Sustainable plumbing pipe solutions are gaining traction in various sectors, including water supply, sewage systems, drainage, irrigation, and wastewater management. The durability, corrosion resistance, lightweight, and low maintenance properties of these pipes make them ideal for infrastructure renewal and development projects, as well as in agriculture and telecommunication applications. Strategic initiatives, such as local manufacturing and the integration of IoT technology, can further enhance the competitiveness and sustainability of plumbing pipe manufacturers in the market. Thus, such trends will shape the growth of the market during the forecast period.
Price wars among market companies and competition from local companies is the major challenge that affects the growth of the market. The market is witnessing intense competition among various players, leading to price wars as companies strive to gain market share and customer loyalty. The demand for plumbing pipes is on the rise due to their extensive usage in water supply, sewage systems, drainage, irrigation, and wastewater management. With the increasing focus on infrastructure renewal and sustainable building, the market for plumbing pipes is expected to grow significantly. companies in the market offer a range of products, including PVC pipes, CPVC pipes, and other customized pipe materials. Innovative technologies such as IoT technology and manufacturing technologies are being adopted to enhance the durability, corrosion resistance, lightweight, and low maintenance properties of these pipes. Shale gas exploration and water scarcity have further boosted the demand for plumbing pipes in water management and infrastructure development.
However, price volatility remains a significant challenge for companies, as they must balance their pricing strategies with the need to cover additional implementation and maintenance costs. Domestic companies also pose stiff competition to international players, putting pressure on pricing and forcing companies to constantly revise their strategies. Irrigation Networks and telecommunication are also emerging areas of growth for the 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, 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 rising demand for plastic pipes in various applications such as sewage systems, water supply, drainage, irrigation, and shale gas exploration. The water scarcity issue and the need for water management have led to infrastructure renewal and the adoption of innovative technologies like IoT technology in the plumbing industry. PVC pipes and CPVC pipes, which are types of plastic pipes, are gaining popularity due to their durability, corrosion resistance, lightweight, and low maintenance properties. The building and construction industry and agriculture sector are major consumers of these pipes. Sustainable building and the use of recyclable products are also driving the demand for plastic pipes.
Shale gas exploration and infrastructure development are other significant factors contributing to the growth of the market. The market is also witnessing the adoption of manufacturing technologies like post-chlorinated, plasticized, and unplasticized to produce pipes with better performance and longer lifespan. Wastewater management, telecommunication, and joint ventures are other areas where the market is expanding. Overall, the market is expected to continue its growth trajectory in the coming years.
Market Scope |
|
Report Coverage |
Details |
Page number |
199 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.69% |
Market growth 2024-2028 |
USD 22.98 billion |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, India, Germany, Japan, Indonesia, UK, South Korea, Brazil, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aliaxis Holdings SA, Apollo Pipes Ltd., Astral Ltd., Chevron Phillips Chemical Co. LLC, China Lesso Group Holdings Ltd., Dutron Polymers Ltd., Finolex Industries Ltd, Geberit International AG, IPEX BRANDING INC., JM Eagle Inc, Kubota Corp., McWane Inc., Pipelife International GmbH, Polypipe Ltd, RIFENG Enterprise Co Ltd, Saudi Arabian Amiantit Co., Tessenderlo Group NV, The Supreme Industries Ltd., Uponor Corp., and Wavin BV |
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for 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
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