Portland, OR, May 07, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global PVC Pipes Market was estimated at $54.2 billion in 2015 and is expected to hit $85.5 billion in 2022, growing at a CAGR of 6.7% during the forecast period. The report provides an in-depth analysis of changing market trends, market dynamics, top winning strategies, key market segments, top investment pockets, and competitive scenario. .
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Upsurge in demand for pipes in irrigation sector and building & construction industry, rising focus of government on rural water management and growing urbanization have fueled the growth of the global PVC pipes market. On the other hand, enhanced properties of substitutes such as HDPE & ABS, and toxicity of PVC have hampered the growth to some extent. However, increase in awareness toward clean water supply in rural areas and rising investment in developing countries have created multiple opportunities in the segment.
Based on application, the sewer & drain segment accounted for nearly two-fifth of the total market in 2015 and is expected to remain dominant throughout the study period. At the same time, it’s also anticipated to be the fastest growing segment during the period. Based on type, the Unplasticized PVC segment held the major share, accounting for more than three-fifth of the total share. On the other hand, the chlorinated PVC segment is projected to register the fastest CAGR of 7.4% throughout 2016-2022. By materials, the PVC resins segment contributed to more than three-fifth of the total market and is expected to retain its top status till 2022.
The players operating in the global PVC pipes market include Tigre SA, China Lesso Group Holdings Ltd., Formosa Plastics Group, Egeplast a.s., IPEX Inc., Sekisui Chemical Company Ltd, Advanced Drainage Systems, Inc., Royal Building Products, JM Eagle Company, Inc., North American Pipe Corporation, Finolex Industries Ltd, Pipelife International GmbH, Plastika AS, Polypipe Plc, and Tessenderlo Group.
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