The North America Plastic Pipe Market would witness market growth of 6.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 9,154.51 kilo tonnes, showcasing a growth of 11.0% (2020-2023).
Polyvinyl Chloride (PVC) is a widely used material in the plastic pipe market due to its exceptional properties and versatility. The inherent chemical resistance of PVC ensures that these pipes can withstand exposure to a wide range of chemicals without deteriorating, making them suitable for industrial as well as residential use. Therefore, the US market consumes 4,748.02 kilo tonnes of Polyvinyl Chloride (PVC) in 2023.
The US market dominated the North America Plastic Pipe Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $14,997.3 million by 2031. The Canada market is experiencing a CAGR of 8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.4% during (2024 - 2031).
Polyvinyl chloride pipes are also quite adaptable and versatile, fitting well into various settings and applications due to their wide range of sizes and designs. They can be tailored to meet specific requirements, whether for water supply, drainage, irrigation, or industrial processes. Their flexibility allows easier installation around obstacles and in challenging terrain, further enhancing their suitability for diverse applications.
Polyvinyl chloride pipes have extensive applications across various industries and sectors due to their versatility, durability, and cost-effectiveness. For example, pipes are widely used for potable water supply and distribution systems in residential, commercial, and industrial buildings. They offer excellent corrosion resistance, ensuring the delivery of clean and safe drinking water to consumers. Polyvinyl chloride pipes are also suitable for both above-ground and underground installations, making them ideal for water distribution networks in urban and rural areas.
The growing construction sector in Canada, driven by residential, commercial, and industrial projects, necessitates the development of extensive infrastructure, including water supply systems, sewage networks, and drainage systems. According to Statistics Canada data, investment in building construction rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Likewise, Mexico’s growing mining sector drives investments in the expansion and modernization of mining infrastructure, including mine development, mineral processing plants, and tailings management facilities. As per the data from the International Trade Administration (ITA), Mexico’s mining industry value 2022 was USD 3.3 billion. About half of Mexico’s mining production consists of extracting precious metals, with the remaining output composed of 40 percent non-ferrous, six percent metallurgy, and seven percent non-metallic ores. In conclusion, the increasing mining sector and growing construction activities in the region propel the market’s growth.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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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