Advances made in plumbing industry are a key growth driver for product development avenues in the PVC Pipes and Fittings Market. New geometries and the pursuit of new materials are key trends which have remained at the forefront of manufacturers of PVC pipes and fittings. Pioneers and players looking for a competitive edge have continuously expanded the technological expertise. Another key factor that has been at the forefront for vendors is PVC pipes and fittings made with cutting-edge manufacturing technologies. This is because adoption of modern technologies has allowed manufacturers to develop product with high performance as well as reduce the costs. Companies have leveraged new manufacturing processes to achieve economies of scale.
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Rapid pace of industrialization and rise in urban settlements have greatly shaped the contours of the PVC pipes and fittings market. Rise in demand for maintenance work in aging public infrastructure in recent years in developing countries has also spurred the market sales. Homeowners prefer durability and new designs for the plumbing work. Architects have thus been keenly looking for better products in the PVC pipes and fittings market. Further, growth in the piping manufacturing industry has also been influenced by changing regulations, which has also set the tone for product innovation in the PVC pipes and fittings market.
Overview:
PVC Pipes and fittings are made from the polyvinyl chloride material. PVC pipes and fittings are manufactured by heating plastic resins and the molten resins are set to make desirable shapes and sizes. The PVC pipes and fittings are widely used in the various applications such as irrigation, building & construction, water supply, sewage management and others. PVC pipes and fittings are of various types such as rigid pipes and flexible. PVC pipes and fittings have various attractive properties such as high temperature resistant, corrosion resistant, cost effective etc. PVC pipes and fittings are used almost in each and every building & construction and irrigation systems. The PVC pipes and fittings are used as a protective covering for electrical wires to provide insulation. The growth of the global PVC pipes and fittings market is increasing with increasing urbanization. The PVC is easily available, cost-effective material and is used widely.
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Drivers and Restraints
The global PVC pipes and fittings market is anticipated to grow during the forecast period. The demand for the global PVC pipes and fittings market is growing due to several reasons. The PVC pipes and fittings are used in new building construction and also in the existing buildings. The increasing urbanization raising the demand of the PVC pipes and fittings. The demand of PVC pipes and fittings market is rising as the replacement of existing pipes and fittings made of iron and steel due to several disadvantages such as corrosion, heavy, and high cost of steel and iron pipes and fittings. The market for PVC pipes and fittings is growing as the PVC pipes and fittings can withstand higher temperatures without getting rusted or wear and tear. Some industrial chemicals react with the iron, copper, steel pipes and fittings etc.
There are some restraints which may hinder the growth of the PVC pipes and fittings market. One of the factors that may hinder the growth of the global PVC pipes and fittings market is that the long usage of PVC pipes for the supply of drinking water may be hazardous, the taste of water can be as the taste of the PVC pipes. Another restraint can be the disposal of PVC pipes and fittings releases greenhouse gases which pollute the environment.
Segmentation:
The global PVC pipes and fittings market can be segmented on the basis of product type, on the basis of applications and others.
- On the basis of product type, PVC pipes and fittings are of different types such as chlorinated polyvinyl chloride pipes and fittings (CPVC), unplasticized polyvinyl chloride pipes and fittings and others.
- On the basis of applications, PVC pipes and fittings have various applications such as building & construction, agricultural, sewage, water supply, industrial chemical industries, plumbing, and others.
Regional Outlook:
The global PVC pipes and fittings market is segmented on the basis of regions such as North America, Latin America, Asia-Pacific (APAC), Europe and Middle East & Africa. China is expected to be the dominating country in APAC for PVC pipes and fittings market due to commercialization in the country. India is also contributing to the PVC pipes and fittings market due to investments in the chemical industries and agricultural industries. U.S. and Canada in the North America region have boosted the growth of the PVC pipes and fittings market.
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Key Players:
Some of the players of the PVC pipes and fittings market are Finolex Industries, Prince Pipes and Fittings Ltd., Bow Plastics Ltd., Royal PVC Pvt. Ltd., Ori-Plast Ltd., Avon Plast Ltd., Kisan Mouldings Ltd., Tulsi Extrusion Ltd., Skipper Ltd., JM Eagle Inc. and others.
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