PVC Pipes Market Trends, Drivers, Growth Opportunities, Challenges, and Investment Opportunities 2021-2026
November 25, 2021
Looking forward, IMARC Group expects the PVC pipes market to grow at a CAGR of 5.32% during 2021-2026.
STE R SHERIDAN, WYOMING, UNITED STATES, November 24, 2021 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled “PVC Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global PVC pipes market reached a volume of 21.32 million tons in 2020. Polyvinyl chloride (PVC) pipes are generally manufactured from synthetic plastic polymers. They are widely used as a preferred alternative for concrete pipes as the production process requires less energy and resources. Additionally, they are strong, easy to carry, easily recyclable, cost-effective, and durable. As a result, they are increasingly utilized in a vast array of applications across the residential, commercial and industrial segments.
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The global market is primarily driven by significant growth in the construction industry. Along with this, the increasing investments by public and private firms in infrastructural development projects are creating a positive outlook for the market. Furthermore, continual product innovations, such as the introduction of polyvinyl chloride-oriented (PVC-O) pipes that exhibit an increased hydraulic capacity, are providing a boost to the market growth across the globe. Some of the other factors contributing to the market growth include extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market. Looking forward, IMARC Group expects the PVC pipes market to grow at a CAGR of 5.32% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
China Lesso Group Holdings Limited
Fujian Aton Advanced Materials Science & Technology Co Ltd.
Hebei Bosoar Pipe Co. Ltd.
Pipelife Austria Gmbh & Co KG
Plásticos Ferro S.L.
Breakup by Application:
Oil and Gas
Middle East and Africa
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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