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The PVC pipe market was valued at $6.3 billion in 2021, and is projected to reach $12.1 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
However, PVC pipes are used in a wide range of applications, such as agriculture, industry, housing, electricity, etc., causing the statistics we see to be very fragmented. It isn’t easy to have a general understanding of this industry.
Therefore, we try to collect data from various channels for improvement and integration so that everyone can understand this industry. At the same time, I also know that this seemingly ordinary product is closely related to our life, but it is not very noticeable. What is it like? Where does its main manufacturer come from?
OK, let’s get start.
The Value Growth of the Construction Industry
The demand for PVC continues to be driven by rising demand from industries such as construction, healthcare, and packaging. Although the demand has decreased during COVID-19 due to its lightweight and high-strength advantages, PVC is widely used in various subdivision scenarios, such as pipes, windows, and floors in construction.
According to Oxford Economics, a British firm that provides global economic forecasts and econometric analysis, global construction output is expected to grow 42% from $10.7 trillion in 2020 to $15.2 trillion in 2030.
The industries mentioned above, such as construction, healthcare, and packaging, have contributed significantly to the growth of PVC.
NEMA Electro industry Business Confidence Index 2023
According to the business confidence index released by NEMA in 2023, it can be seen that during the outbreak of COVID-19, the market performance has been greatly affected due to the sharp drop in demand. Although expectations are generally lowered during 2022, based on historical trends and the continued recovery of the construction industry, we believe that subsequent data will return to normal levels.
Global Pipe & Hose & Fittings Market Size Research (2020-2027)
The global pipe & hose & fittings market size will be USD 257.5 billion in 2020 and is expected to grow to USD 399.7 billion by 2027, with a compound annual growth rate of 6.5%.
The United States, as the largest market in the world, had a market size of US$70.2 billion in 2020, and China is expected to grow to US$83.3 billion by 2027, with a compound annual growth rate of 9.8%. Japan and Canada followed closely, with annual compound growth rates of 4.1% and 5.3%.
Of course, the total amount of this data is very large, but it includes the market size of metal pipes, so we will explain it to you one by one after collecting a lot of reference data.
PVC Market Forecast (2022-2027)
The global polyvinyl chloride market will grow from USD 82.46 billion in 2022 to USD 89.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The PVC market is projected to grow at a CAGR of 7.6% from USD 119.4 billion by 2027.
From the perspective of demand distribution, the Asia-Pacific region is the largest market for PVC, accounting for more than 50%; North America is the second largest market, followed by Europe, India, the Middle East and other countries.
CPVC Pipe Market Forecast (2021-2027)
The global CPVC Pipe market size was valued at USD 1573.66 million in 2021 and is expected to expand at a CAGR of 8.27% during the forecast period, reaching USD 2534.47 million by 2027.
This type of pipe is usually used in the drinking water piping system in the industry. It was introduced in 1959 and has been widely used in fire sprinkler systems since 1985. So we think the demand for CPVC pipes will also grow as the construction industry recovers.
Corrugated Pipe Market Forecast (2020-2028)
Affected by the increased demand for drainage and sewer pipes, the demand for corrugated pipes will also increase. The following is the relevant trend data analysis and forecast from 2020 to 2028.
The market was valued at USD 13,059.47 in 2020 and is projected to reach USD 21,221.04 by 2028; at a CAGR of 6.5% from 2021 to 2028.
Corrugated pipes are widely used; flexibility and easy bending are the most important features. It is a good complement to the defect that rigid plastic pipes must be bent during construction.
It can be said that most corrugated pipes can be easily bent without using any tools. Moreover, corrugated pipes in different markets have regulated their performance parameters, such as anti-punching ability & compression resistance, so the safety of internal wires or water flow can also be guaranteed.
Hot & Cold Plastic Pipe Market Forecast (2022-2027)
The plastic hot and cold pipe market is projected to reach USD 8.7 billion by 2027 from an estimated USD 6.5 billion in 2022, at a CAGR of 5.9% during the forecast period.
Plastic cold and hot pipes are included cross-linked polyethylene (PEX), polyethylene- raised temperature (PE-RT), polypropylene random copolymer (PPR), chlorinated poly vinyl chloride (C-PVC) and polybutylene (PB). While steel, cast iron, and copper are all excellent pipe materials that are still in use, the plastic hot and cold pipe has several advantages that they do not.
For example, as we have repeatedly mentioned, plastic pipes are light in weight, save time and effort in installation, and can save you a lot of labour costs on the construction site. In addition, plastic conduits generally have many advantages, such as corrosion resistance, low thermal conductivity, and stable chemical properties.
With the economy’s gradual recovery, the construction industry has become the main driving force of the plastic pipe industry, and the demand for cold water pipes in this industry will also increase. Like electrical conduits in Ledes products, they will grow rapidly with the market.
Drainage Pipes & Fittings Market Forecast (2022-2028)
The global drainage pipes and fittings market size was estimated at USD 13.19 billion by 2022 and is projected to reach an adjusted size of USD 16.22 billion by 2028, growing at a CAGR of 3.5% during the review period.
A plumbing system is piping that transports hot and cold water or waste water in residential and commercial buildings. Pipe fittings are an important part of the pipe system installed in the building, used for connecting pipes and the necessary usage scenarios in the installation.
Global Fiberglass Pipes Market Research (2022-2030)
Due to the impact of COVID-19, the global economy has come to a temporary standstill. But in 2022, the market size of glass fiber pipe has reached 7.5 billion US dollars, and it is expected that the market size will grow to 9.6 billion US dollars by 2030, with a compound annual growth rate of 3%.
Among them, the United States, as the largest economy in the world, has a market size of US$2.1 billion in 2022, while China is expected to have a market size of US$1.9 billion by 2030, with a compound annual growth rate of 5.3%.
Labour Status (USA)
Taking the data of practitioners in the plastic pipe and fittings industry in the United States as an example, the number of employees in 2013 was 39,678, and by 2023 it will be 45,283, an increase of 5,605 during the 10 years, with a growth rate of 14.13%.
The average salary of metal & plastic industry employees in the United States in 2020 is $43,282, which is lower than the national average salary of $55,954, with a difference of $12,672.
The industry at the same average level is Home appliance repairers, with an annual salary of $43,261. Rehabilitation counsellors earn an annual salary of $43,258.
Also, based on the 2020 labour data of the United States, there are 35,600 male employees (data error ±4,634) and 6,330 female employees (data error ±1,954). Therefore, male employees in the metal & plastic industry account for 85%, while female employees account for 15%.
Finally, according to the age dimension, male employees in the metal & plastic industry are 42.9 years old. In comparison, the average age of female employees is 44.7 years old. The main reason is that the age of men in some technical positions is relatively young, and the penetration rate of men in this industry is greater than that of women.
Backend Installation Cost (Backend Application Market Analysis)
We study not only the production side but also the consumption side. After consumers purchase pipelines, the installation cost must also be calculated.
Let’s take the water pipe as an example. Referring to the relevant data of Forbes, the actual cost paid is 50-200 US dollars for labor and material costs. The average cost of installing home plumbing is $5,790.
In addition, the HIA for pipe installation costs of different materials differ. Copper conduit, for example, costs $3 per foot. PEX pipe costs $1.15/foot to install compared to $0.98/foot for CPVC and $2 to $4.50/foot for PVC pipe, depending on the diameter of the pipe.
Export & Production Data by Country
Porcelana
The data on China’s customs exports from 2020 to 2022 show an upward trend, and the increase is obvious.
Compared with 2020, in 2022, the weight of exported PVC pipes will increase by 22,292 metric tons, and the export value will increase by 102.77 million US dollars—year-on-year growth of 29% and 71%.
Malaysia
As for Malaysia, we only collected data related to PVC Pipe production. From the perspective of production from 2013 to 2022, Malaysia’s production peaked in 2019 and then declined rapidly until 2022, when it reached its lowest point.
Compared with the highest point in 2019, the production capacity has dropped by 30.97%.
Taiwan, China
The production capacity of PVC pipes in Taiwan, China, is very stable. Taiwan has excellent PVC pipe manufacturers, and a large production capacity is exported to the United States and the European Union.
Branded Manufacturer
From Thomasnet’s supplier ranking perspective, the following suppliers are shown in terms of annual income.
However, as industry practitioners, we believe that in the global market, the following list may be more make sense:
JM Eagle
Wavin
Pipelife
China Lesso
IPEX
Performance Pipe
GPS PE Pipe Systems
WL Plastics
Georg Fischer Harvel
Astral Poly Technik
Advanced Drainage Systems
Sekisui Chemical
System Group
Polygon
Rifeng
Weixing New Material
Kubota ChemiX
Dutron
Aquatherm
Nanxin Pipeline
Hsiung Yeu Enterprise
Pestan
Charter Plastics
Advanced Plastic Industries
They include several leading Chinese companies and excellent manufacturers like IPEX, Cantex, and JM Eagle. Their product domains are diversified, covering the application scenarios of mainstream plastic pipe products.
Contacto
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Referencias
Alliedmarketresearch, PVC Pipe Market by Material (PVC Resin, Stabilizers, Plasticizers, Lubricant, Pigment Base, and Others), by Type, May 2022
Research and Markets, Poly-Vinyl Chloride Global Market Report 2023, Yahoo Finance, February 14, 2023
NEMA, Electroindustry Business Conditions Index (EBCI)
Globenewswire, Global Pipes and Pipe/Hose Fittings Market to Reach $399.7 Billion by 2027, October 18, 2022
Research and Markets, Poly-Vinyl Chloride Global Market Report 2023, Yahoo Finance, February 14, 2023
Digitaljournal, CPVC Pipe Market Size, Share, Growth Statistics By Top Key Players, February 19, 2023
Theinsightpartners, Corrugated Pipe Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type, Aug 2021
Globenewswire, Global Plastic Hot & Cold Pipe Market (2022 to 2027) , July 26, 2022
Globenewswire, Plumbing Pipes & Pipe Fittings Market Growth USD 16220 Million by 2022 – 2028 , February 21, 2022
ReportLinker, Global Fiberglass Pipes Market to Reach $9.6 Billion by 2030, Yahoo Finance, February 1, 2023
Datausa, MODEL MAKERS, PATTERNMAKERS, & MOLDING MACHINE SETTERS, METAL & PLASTIC
Forbes, How Much Does It Cost To Install Or Replace Plumbing In A House In 2023, Mar 25, 2023
Statista, Production of PVC pipes in Malaysia from 2013 to 2022, Mar 13, 2023,
Production volume of PVC pipe in Taiwan between 2010 and 2020, Dec 5, 2022
Thomasnet, Top PVC Pipe Manufacturers and Suppliers in the USA
Marketwatch, Plumbing Pipes & Pipe Fittings Market Research, 2023-203013 de abril de 2023
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