Lucintel Expects the Global PVC Pipe Market to Reach $51.8 Billion by 2028
DALLAS, April 27, 2023 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the global PVC pipe market looks promising with opportunities in the residential, industrial, and commercial construction industries. The global PVC (Poly Vinyl Chloride) pipe market is expected to reach an estimated $51.8 billion by 2028 with a CAGR of 4.6% from 2023 to 2028.The major drivers for this market are growth in residential and non-residential construction activities and replacement of aging pipelines.
In this market, plasticized PVC pipes will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its heat and chemical resistance properties.
Within the global PVC pipe market, wastewater will remain the largest application over the forecast period due to the increasing urbanization and development of infrastructure.
APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due increasing urbanization, infrastructure development, and the continuous growth of the residential construction.
Emerging trends, which have a direct impact on the dynamics of the market include increasing use of multilayer technology in PVC pipes and introduction of new technology applying molecular orientation in the PVC-O pipes. China Lesso, Sekisui Chemicals, Supreme Industries, Finolex Industries, Formosa Plastics, Astral Poly Techni are among the major players in this market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global PVC pipe by application, end use, product form, product type, diameter, and region. Lucintel has prepared a comprehensive research report entitled "PVC Pipe Market Trends: Trends, Opportunities and Competitive Analysis [2023-2028]"
For any questions related to PVC pipe market or related to PVC pipe companies, PVC pipe market size or market growth, PVC pipe market share, PVC pipe market research, write Lucintel analyst at email: [email protected].
Related Reports:
If you wish to deep dive on some other segments of the pipe market then look into below relevant reports from Lucintel.
About Lucintel
Lucintel one of the premier global market research and management consulting firm, offering solutions for your growth through game changer ideas through robust market & unmet need analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years.
Contact Us
Roy Almaguer
Lucintel, Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
SOURCE Lucintel
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article