According to a new report published by Pristine Intelligence, titled, “Plastic Pipes Market by Material, Application and End-use: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global Plastic Pipes market size was valued at $54.85 Billion in 2023, and is projected to reach $101.69 Billion by 2032, registering a CAGR of 7.1% from 2024 to 2032. The industry sector engaged in the manufacture, sale, and use of pipes composed of different kinds of plastic materials is known as the "plastic pipes market." These pipes are employed in many different industries, including municipal infrastructure, industrial, construction, and agriculture, for the conveyance of fluids and gases. The manufacture, distribution, and use of pipes composed of diverse plastic materials are all included in the Plastic Pipes Market, which is a vibrant and essential sector of the larger plastics industry.

These pipes have many benefits over more conventional materials like concrete or metal, which is why they are frequently used in a variety of industries, including construction, agriculture, industry, and municipal infrastructure. PVC, PE, and PP are just a few of the materials used to make plastic pipes; each has unique qualities that make them ideal for different applications.

Rapid expansion in the field of infrastructure development is a major factor propelling the plastic pipes market. The need for building new infrastructure and renovating old systems is rising as the world's population grows and urbanization picks up speed. This demand spans across industries, including municipal, commercial, industrial, and residential developments. Sturdy plumbing, drainage, and sewage systems are essential for the development of residential complexes, commercial structures, and industrial facilities in growing urban areas. Because they are lightweight, simple to install, and resistant to corrosion and deterioration, plastic pipes are preferred in many applications.

Companies in the Plastic Pipes Market have a strong opportunity to grow by entering emerging markets. With their quick industrialization, urbanization, and infrastructural development, these areas have a lot of room to grow and expand their markets. The need for dependable and effective piping systems to support diverse applications like water supply, sanitation, irrigation, and industrial operations is rising as populations and urban centers develop. Construction, infrastructure, and industrial projects are receiving significant investments in emerging markets in regions such as Asia, Africa, and Latin America.

Global Plastic Pipes Market, Segmentation

The Plastic Pipes market is segmented on the basis of Material, Application, End-use, and region.

Material:

The Material segment is further classified into Polyvinyl Chloride, Polypropylene, Polyethylene, Others. Among these, the Polyvinyl Chloride sub-segment accounted for the highest market share in 2023. Several reasons will contribute to the Polyvinyl Chloride (PVC) segment's dominance in the Plastic Pipes Market throughout the projected timeframe. PVC pipes are frequently employed in many different applications because of their advantageous qualities and affordability. Because PVC pipes are very resistant to corrosion, they can be used to transport a variety of fluids, such as gases, chemicals, and water. Because of their corrosion resistance, PVC pipes are guaranteed to last a long time, requiring less regular maintenance and replacements.

Application:

The application segment is further classified into Irrigation, Water Supply, Sewerage, Plumbing, HVAC, Others. Among these, the Irrigation sub-segment is anticipated to show the fastest growth by 2030. Plastic pipes are a great option for irrigation systems because of their exceptional corrosion resistance and longevity. Long-distance and uneven water conveyance is a common feature of irrigation systems, which puts pipelines in danger of corrosion from chemicals, water, and soil. For irrigation applications, plastic pipes especially those composed of polyvinyl chloride (PVC) or polyethylene (PE) offer high corrosion resistance, guaranteeing long-term performance and dependability.

Region:

The Plastic Pipes market in Asia-Pacific is projected to show the fastest growth by 2031. The region's startling population expansion and quick urbanization are two of the main causes. There is an urgent need for significant infrastructure development to handle the growing urban population due to a growing population and rising migration to urban areas. This results in a strong market for plastic pipes, which are necessary for building the sewage, drainage, and water supply networks that growing cities depend on. Governments throughout Asia and the Pacific are investing heavily in infrastructure projects to boost living standards, promote economic growth, and tackle the problems associated with urbanization.

Some of the leading Plastic Pipes market players are

• • Um Eagle Inc. (US)
  • China Lesso Group Holdings Ltd. (China)
  • Sekisui Chemical Co. Ltd. (Japan)
  • Radius Systems Ltd. (UK)
  • Georg Fischer Ltd. (Switzerland)
  • Astral Polytechnik Limited (India)
  • Aliaxis Group S.A. (Belgium)
  • Wienerberger Ag (Austria)
  • Orbia Advance Corp Sab De Cv (Mexico)
  • Mexichem (Mexico)

Key Industry Developments

• • In May 2023, Valencia Pipe Company, located in the United States, has a manufacturing division. Aliaxis SA, a leader in the world of creative fluid management solutions for water and energy access, stated that it has agreed to purchase Valencia's manufacturing division. By adding two production facilities and one distribution facility in the states of Arizona and Washington, Aliaxis increased its footprint in the important Western United States market with this noteworthy acquisition, which was valued at $250 million.

Key Findings of the Study / Key Industry Developments. 

• • PVC emerges as the dominant material segment in 2023 due to its affordability and corrosion resistance, suitable for various applications.
  • Irrigation sub-segment anticipated to exhibit fastest growth by 2030, driven by the exceptional corrosion resistance and longevity of plastic pipes.
  • Asia-Pacific expected to show the fastest growth by 2031, fueled by rapid population expansion, urbanization, and significant infrastructure development initiatives.