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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 trends and challenges. The construction sector's expansion, driven by the real estate industry's growth, increases the demand for plumbing pipes, building materials, and infrastructure components. However, price pressures and intense competition from local companies pose challenges for market participants. Moreover, the emphasis on sustainability is leading to the adoption of eco-friendly materials, such as PEX and PVC, in plumbing systems. Irrigation systems are also gaining popularity due to water conservation concerns. Customer service and brand reputation are critical factors in a market where corrosion concerns are prevalent. Economic downturns can impact market growth, making adaptability and resilience essential for market success.
The market is witnessing significant growth due to various factors. One of the primary drivers is the increasing demand for efficient water supply and sewage systems in both residential and commercial sectors. This need is particularly prominent in the context of water scarcity and the importance of effective water management. Moreover, the expansion of irrigation networks and the rise of shale gas exploration have also contributed to the growth of the market. Infrastructure renewal and the adoption of innovative technologies, such as IoT technology, have further boosted market growth. Plumbing pipes come in various materials, including PVC (Polyvinyl Chloride) and CPVC (Chlorinated Polyvinyl Chloride).
Furthermore, these materials offer several advantages, such as durability, corrosion resistance, lightweight, and low maintenance. Manufacturing technologies have also evolved, with post-chlorinated, plasticized, and unplasticized pipes gaining popularity. The market faces challenges, including price volatility and the need for wastewater management solutions. However, these challenges also present opportunities for strategic initiatives. For instance, the integration of telecommunication technologies in plumbing systems can lead to cost savings and improved efficiency. In conclusion, the market is experiencing growth due to the increasing demand for water supply and sewage systems, expansion of irrigation networks, and the adoption of innovative technologies. The market offers opportunities for growth, particularly in the areas of wastewater management and the integration of telecommunication technologies. Durable, corrosion-resistant, lightweight, and low-maintenance plumbing pipes made from materials like PVC and CPVC continue to be preferred choices due to their advantages.
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 plastic pipes segment is estimated to witness significant growth during the forecast period. Plastic pipes, specifically PVC pipes and chlorinated polyvinyl chloride CPVC pipes, play a significant role in water management infrastructure. PVC pipes offer numerous advantages, such as superior resistance to wear and tear, high flex life, chemical resistance, and excellent abrasion resistance. These properties surpass those of rubber and metals, making PVC pipes a popular choice for plumbing applications. Moreover, PVC pipes are resistant to cold and heat, have a high load-bearing capacity, and exhibit good resistance to UV light. They also maintain dimensional stability at room temperature and are non-flammable. With advancements in technology, companies are continually enhancing the efficiency and strength of PVC pipes to cater to specific applications.
Furthermore, innovative technologies like IoT are being integrated into plumbing systems, allowing for real-time monitoring and maintenance. However, price volatility remains a challenge for the market. Despite this, the demand for PVC and CPVC pipes continues to grow due to their unique properties and versatility.
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The plastic pipes segment accounted for USD 9.49 billion in 2018 and showed a gradual increase during the forecast period.
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.
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The Asia Pacific region holds a substantial position in The market. Countries like China and India are major contributors to the market's revenue growth. The real estate sector in APAC is witnessing rapid expansion, with India leading the charge. Furthermore, Thailand, the Philippines, Laos, and Singapore are experiencing moderate growth in the development of commercial spaces. Manufacturing technologies for plumbing pipes, including post-chlorinated and unplasticized variants, are in high demand due to the increasing construction activities in the region. Additionally, wastewater management and telecommunication infrastructure projects are expected to create further opportunities for plumbing pipes manufacturers in APAC. Strategic initiatives such as local manufacturing and supply chain optimization are crucial for companies to remain competitive in this market.
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 the key driver of the market. The expansion of the global real estate sector has resulted in a heightened demand for plumbing pipes due to the construction of offices, commercial complexes, and residential buildings. With a growing population moving towards urban areas, there is a noticeable increase in construction activities, particularly in the development of new residential and commercial projects.
Furthermore, in India, real estate launches in seven major cities Bengaluru, Ahmedabad, Pune, Chennai, Goa, Delhi, and Dehradun - accounted for 41% of the market share in the first quarter of 2023, marking a significant increase from 26% in the same period in 2019. Companies are key players in the market, offering innovative solutions for water conservation and smart piping systems. Economic fluctuations and regulatory hurdles pose challenges to the market's growth, but these companies continue to adapt and innovate to meet the evolving needs of the construction industry.
Increasing demand for sustainable building materials is the upcoming trend in the market. In the realm of sustainable construction, there is a growing preference for materials that minimize environmental impact. Plumbing pipe manufacturers are responding to this trend by exploring ways to recycle materials and promote circular economy principles. Energy efficiency is also a key consideration, as manufacturers strive to minimize energy consumption and reduce their carbon footprint during production.
Furthermore, transparency is essential in this context, with manufacturers providing detailed information about the sourcing and composition of their plumbing pipe materials. One such material that aligns with these principles is CPVC. Its recyclability, low toxicity, and energy-efficient production processes make it an attractive option for eco-conscious projects. By focusing on these factors, plumbing pipe manufacturers can meet the demands of the infrastructure modernization market while contributing to a more sustainable future.
Price wars among market companies and competition from local companies is a key challenge affecting the market growth. In the market, intense competition among various companies leads to pricing pressures. companies' revenue relies heavily on their pricing strategies, with any additional costs for implementation and maintenance negatively impacting their pricing. Customers, meanwhile, seek high-quality pipes at affordable prices, compelling companies to lower prices to gain market share and customer loyalty.
Furthermore, this ongoing need for price adjustments affects revenue generation and research and development investments. Domestic companies also pose a significant challenge to international players in this market. Sustainable materials, such as those used in irrigation systems, are increasingly in demand due to growing concerns over corrosion and the construction sector's environmental impact. Companies who prioritize customer service and brand reputation can differentiate themselves in this competitive landscape. Economic downturns may also affect market growth, making adaptability and resilience essential for companies.
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
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
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand for water supply and sewage systems in various end-use industries. Plastic pipes, particularly PVC and CPVC pipes, are gaining popularity due to their durability, corrosion resistance, lightweight, and low maintenance properties. The market is driven by the infrastructure development in the building and construction sector, irrigation networks, and wastewater management systems. Shale gas exploration and water scarcity are also contributing to the market growth. Innovative technologies such as IoT technology and advanced drainage systems are being adopted to enhance the efficiency and sustainability of plumbing systems.
Furthermore, the market is also witnessing price volatility due to economic fluctuations and regulatory hurdles. Sustainability is a key focus area in the market, with an increasing demand for recyclable products and sustainable materials. Joint ventures and strategic initiatives by key players are driving the market growth. The market is also witnessing the adoption of customized pipe materials and manufacturing technologies to cater to specific customer requirements. Infrastructure renewal and modernization, particularly in developing economies, are expected to provide significant growth opportunities for the market. The construction sector, agriculture, telecommunication, and water conservation are some of the major end-use industries driving the market growth. However, corrosion concerns and customer service are key challenges that need to be addressed to ensure brand reputation and long-term growth.
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Market Scope |
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Report Coverage |
Details |
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Page number |
199 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.69% |
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Market growth 2024-2028 |
USD 22.98 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
14.21 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 36% |
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Key countries |
US, China, India, Germany, Japan, Indonesia, UK, South Korea, Brazil, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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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. |
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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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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