NEW YORK, Dec. 2, 2021 /PRNewswire/ -- The PVC pipes market is set to grow by USD 5.12 billion from 2020 to 2025, progressing at a CAGR of 4.11% during the forecast period. The PVC pipes market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.
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The PVC pipes market report identifies the superior properties of PVC pipes as one of the major factors driving the growth of the market. In addition, rising irrigation activities leading to the growing demand for PVC pipes and the growth in oil and gas extraction are other crucial factors fueling the growth of the market over the forecast period. However, the threat of substitutes, fluctuating crude oil prices, and the health hazards of PVC are some of the factors expected to impede the market growth in the forthcoming years.
The PVC pipes market is segmented by (unplasticized PVC, plasticized PVC, and chlorinated PVC) and geography (APAC, North America, Europe, MEA, and South America). The unplasticized PVC segment led the market share in 2020 and will continue to dominate the market during the forecast period. In terms of Geography, 63% of the growth will originate from APAC. China, India, and Australia are the key markets for PVC pipes in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The PVC pipes market covers the following areas:
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PVC Pipes Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 4.11%
Market growth 2021-2025
USD 5.12 billion
YoY growth (%)
APAC, North America, Europe, MEA, and South America
Performing market contribution
APAC at 63%
Key consumer countries
China, US, India, Germany, and Australia
Leading companies, competitive strategies, consumer engagement scope
Advanced Drainage Solutions, Astral Ltd., China Lesso Group Holdings Ltd., Finolex Industries Ltd., Genuit Group Plc, J-M Manufacturing Co., MOLECOR TECNOLOGIA S.L., Sekisui Chemical Co. Ltd., Tessenderlo Group NV, and Wienerberger AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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Key Topics Covered:
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