Global Plastic Pipes And Pipe Fittings Market 2024 , Forecast To 2033
7 Mar, 2024
The plastic pipes and pipe fittings market has witnessed rapid growth in recent years, with its size increasing from $80.27 billion in 2023 to $88.52 billion in 2024, marking a compound annual growth rate (CAGR) of 10.3%. This growth can be attributed to factors such as urbanization, infrastructure development, and advancements in plastic technologies. Looking ahead, the market is expected to continue its robust expansion, reaching $127.6 billion in 2028 at a CAGR of 9.6%. This growth is likely to be driven by the rise in smart city initiatives, focus on sustainable solutions, and increasing demand for HDPE pipes. Major trends in this period could include the popularity of multilayer pipes, expansion of oil and gas pipeline infrastructure, and technological advancements in pipe fittings.
Global Plastic Pipes And Pipe Fittings Market Key Driver
The increased construction demand for housing facilities is propelling the growth of the plastic pipes and pipe fitting market (11). With a 1.7% increase in construction output in March 2022 in the UK, plastic pipes and fittings are in high demand for plumbing and HVAC systems in houses, driving market growth.
Get A Free Sample Of The Global Plastic Pipes And Pipe Fittings Market ReportGlobal Plastic Pipes And Pipe Fittings Market Segments
The plastic pipes and pipe fittings market covered in this report is segmented –
1) By Type: Polyvinyl Chloride (PVC) Pipes, Polyethylene (PE) Pipes, Polypropylene (PP) Pipes, Other Types
2) By Structure: Organized, Un-Organized
3) By Application: Residential Fitting, Water Supply, Sewage Systems, Oil and Gas, Heating, Ventilation And Air-Conditioning Systems (HVAC), Manufacturing, Agricultural Applications, Other Applications
By Geography: The countries covered in the plastic pipes and pipe fittings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the plastic pipes and pipe fitting market in 2023. North America is expected to be the fastest-growing region in the plastic pipes and pipe fitting market report during the forecast period. The regions covered in the plastic pipes and pipe fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Plastic Pipes And Pipe Fittings Industry Players
Available Plastics Inc.; Inline Plastics LLC; Kimplas Piping System Limited; WL Plastics Inc.; Applied Plastics Co. Inc.; Lincoln Plastics Inc.; NewAge Industries Inc.; Ductile Iron Pipe Manufacturers; Omega Plastics Inc.; Contech Engineered Solutions LLC; W.P. Law Inc.; Interstate Pipe & Supply Co. Inc.; Continental Steel & Tube Co. Inc.; Compressed Air Systems Inc.; Emco Industrial Plastics LLC; Aliaxis Group SA; ArcelorMittal SA; BASF SE; Charlotte Pipe and Foundry Co.; Victaulic Co.; Caylor Industrial Sales Inc.; Colonial Teltek; Guenther Supply Inc.; JM Eagle Inc.; Wavin B.V.; Pipelife International GmbH; China Lesso Group Holdings Limited; IPEX Inc.; Chevron Phillips Chemical Company LP; GPS PE Pipe Systems; Georg Fischer Harvel LLC; Astral Poly Technik Limited; Advanced Drainage Systems Inc.; Sekisui America Corporation; Polygon Company Limited; Rifeng Enterprise Group Co. Ltd.; Weixing New Material Co. Ltd.; Kubota ChemiX Corporation; Dutron Polymers Limited; Aquatherm GmbH; Nanxin Pipeline Piping Co. Ltd.; Hsiung Yeu Enterprise Co. Ltd.; Pestan Plastics LLC; Charter Plastics Inc.; Advanced Plastic Industries Inc.; Alphacan SpA; Borealis AG; Georg Fischer LLC
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Plastic Pipes And Pipe Fittings Market Overview
Plastic pipes and pipe fittings are components made of plastic materials used for transporting fluids and controlling their flow in plumbing, heating, and industrial applications. They are light in weight, tough, and resistant to corrosion.