The Asia Pacific Plastic Pipe Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 17,815.74 kilo tonnes, showcasing a growth of 11.5% (2020-2023).
In the plastic pipe market, irrigation represents a significant application area where pipes, including those made from materials like PVC, polyethylene (PE), and polypropylene (PP), play a crucial role. Plastic pipes are widely used in irrigation systems due to their numerous advantages, such as resistance to corrosion, flexibility, durability, and cost-effectiveness. Therefore, the irrigation sector in China consumed 768.18 kilo tonnes of these pipes in 2023.
The China market dominated the Asia Pacific Plastic Pipe Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10,569 million by 2031. The Japan market is registering a CAGR of 5.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.2% during (2024 - 2031).
The market refers to the industry involved in the manufacturing, distributing, and selling of Polyvinyl chloride pipes for various applications. Polyvinyl chloride pipes are tubular structures made from polymers such as PVC (polyvinyl chloride), HDPE (high-density polyethylene), PEX (cross-linked polyethylene), PP (polypropylene), and others. These pipes convey fluids, gases, and electrical cables in residential, commercial, industrial, and municipal infrastructure projects.
The adoption of Polyvinyl chloride pipes has seen remarkable growth over the years, driven by various factors such as their superior performance, cost-effectiveness, and versatility. For example, one of the primary reasons for the widespread adoption of Polyvinyl chloride pipes is their excellent performance characteristics and durability. Polyvinyl chloride pipes, such as PVC, HDPE, and PEX, resist corrosion, chemical degradation, and biological growth. This durability ensures long service life, reducing the need for frequent replacements and maintenance, thus making them a preferred choice for various applications.
China’s growing population, urbanization, and industrialization have led to increased wastewater generation, necessitating expanding and upgrading wastewater treatment facilities. The International Trade Administration (ITA) reports that as of 2021, 28% of rural areas and 98.1% of municipalities in China had wastewater cleaned by water treatment plants. Over the next few years, China intends to construct or rebuild 80,000 km of sewage collection pipeline networks. Additionally, India’s rapid urbanization and growing population drive the demand for telecommunications infrastructure to support connectivity, digitalization, and economic development. According to the Investment Promotion and Facilitation Agency, by December 2024, the Department of Telecommunications aims to have 100% of the villages connected to the internet, 70% of towers built, average broadband speeds of 50 Mbps, and 50 lakh km of optic fiber rollouts over the entire country. Broadband connections rose to 916.77 Mn in February 2024 from 61 Mn in March 2014, growing by 1402%. Therefore, the increasing telecom sector and rising wastewater treatment initiatives drive the market’s growth.
Free Valuable Insights: The Global Plastic Pipe Market is Predict to reach USD 86.9 Billion by 2031, at a CAGR of 6.5%
Based on Application, the market is segmented into Water Supply, Irrigation, Sewerage, Plumbing, HVAC, and Others. Based on End-use, the market is segmented into Building & Construction, Agriculture, Oil & Gas, and Others. Based on Material, the market is segmented into Polyvinyl Chloride, Polypropylene, Polyethylene, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End-use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Material (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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