“Global Plastic Pipe Market to reach a market value of USD 86.9 Billion by 2031 growing at a CAGR of 6.5%”
The Global Plastic Pipe Market size is expected to reach $86.9 billion by 2031, rising at a market growth of 6.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 43,602.60 kilo tonnes, experiencing a growth of 11.4% (2020-2023).
These pipes offer inherent thermal insulation properties, helping to maintain the temperature of the fluid being transported and reducing heat loss or gain in HVAC systems. Therefore, the HVAC segment consumed 9.71% in the market in 2023. Also, Russia would use 128.70 kilo tonnes of these pipes in HVAC systems by 2031.This insulation helps improve energy efficiency and reduces operating costs associated with heating and cooling. This property helps to maintain the temperature of the fluid being transported and reduces heat transfer.
Plastic pipes are lightweight and flexible, making them easier to transport, install, and maneuver in agricultural fields. This flexibility allows for easier adaptation to the contours of the land and reduces the need for joints and fittings, minimizing leakage points. Therefore, increasing demand in agriculture and irrigation is propelling the market’s growth. Additionally, With the increasing demand for high-speed Internet services, telecommunication companies constantly expand their networks to provide reliable connectivity to consumers, businesses, and communities. These pipes offer buoyancy, corrosion resistance, and flexibility, making them ideal for underwater installations. In conclusion, the expansion of telecommunication and cable conduit networks is propelling the market’s growth.
However, Alternative materials such as concrete, steel, and ductile iron may sometimes offer competitive pricing, particularly in regions where raw material costs or manufacturing processes favor these materials. Concerns about plastic pollution, recycling challenges, or the carbon footprint of plastic production may influence decision-makers to favor alternative materials perceived as more sustainable. In conclusion, the increasing competition from alternative materials is hampering the market’s growth.
On the basis of application, the market is segmented into irrigation, sewerage, water supply, plumbing, HVAC, and others. In 2023, the sewerage segment attained a 22.73% revenue share in the market. In terms of volume, the sewerage segment registered 9,476.15kilo tonnes volume in 2023. These pipes offer leak-resistant joints and connections, minimizing the risk of infiltration or exfiltration of groundwater or sewage into the sewerage system. Fusion welding techniques, such as butt fusion and electrofusion, create strong and durable joints that prevent leaks and water ingress, reducing the potential for environmental contamination and infrastructure damage.
Based on end-use, the market is categorized into building & construction, agriculture, oil & gas, and others. The agriculture segment witnessed a 29.75% revenue share in the market in 2023 In terms of volume, the agriculture segment registered 13,321.47 kilo tonnes in the market in 2023. These pipes are widely used in agricultural irrigation systems to convey water to crops efficiently and effectively. With the growing need for efficient water management in agriculture, these pipes offer advantages such as durability, flexibility, and corrosion resistance, making them ideal for irrigation networks. Also, these pipes play a crucial role in water conservation efforts in agriculture by minimizing water loss through leakage or evaporation.
Based on material, the market is divided into polyvinyl chloride, polypropylene, polyethylene, and others. The polypropylene segment attained 18.20% revenue share in the market in 2023.In terms of volume, the polypropylene segment registered 6,532.19 kilo tonnes volume in 2023. Polypropylene pipes exhibit excellent chemical resistance to various acids, alkalis, salts, and corrosive substances. This property makes PP pipes suitable for conveying aggressive fluids in industrial applications, such as chemical processing, wastewater treatment, and industrial effluent disposal. Polypropylene pipes also have high-temperature resistance, allowing them to withstand hot water and steam applications.
Free Valuable Insights: Global Plastic Pipe Market size to reach USD 86.9 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated a 25.63% revenue share in the market. With concerns over water scarcity and environmental sustainability, there is a growing emphasis on water conservation and efficient water management practices in North America. These pipes, especially those used in irrigation systems and water distribution networks, offer solutions that minimize water loss, reduce leakage, and promote efficient water use.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 53 Billion |
| Market size forecast in 2031 | USD 86.9 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 6.5% from 2024 to 2031 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 382 |
| Number of Tables | 790 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Material, Application, End-use, Region |
| Country scope |
|
| Companies Included | Chevron Phillips Chemical Company LLC, Astral Limited, Kubota ChemiX Co., Ltd. (KUBOTA Corporation), Kotec Corporation, Tommur Industry Shanghai Co., Ltd., Wienerberger AG, Aliaxis Group SA, Finolex Industries Limited, Geberit AG, Georg Fischer Ltd. |
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 Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
The Market size is projected to reach USD 86.9 billion by 2031.
Expansion of telecommunication and cable conduit networks are driving the Market in coming years, however, Raw material prices volatility restraints the growth of the Market.
Chevron Phillips Chemical Company LLC, Astral Limited, Kubota ChemiX Co., Ltd. (KUBOTA Corporation), Kotec Corporation, Tommur Industry Shanghai Co., Ltd., Wienerberger AG, Aliaxis Group SA, Finolex Industries Limited, Geberit AG, Georg Fischer Ltd.
In the year 2023, the market attained a volume of 43,602.60 kilo tonnes, experiencing a growth of 11.4% (2020-2023).
The Building & Construction segment is generating the maximum revenue in the Market by End-use in 2023; thereby, achieving a market value of $34.5 billion by 2031.
The Asia Pacific region dominated the Market by Region in 2023; thereby, achieving a market value of $39.8 billion by 2031.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 