What are the latest figures on the plastic pipes and pipe fittings market’s size and projected CAGR?
The plastic pipes and pipe fittings market size has grown strongly in recent years. It will grow from $88.03 billion in 2024 to $96.52 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to urbanization and infrastructure development, replacement of traditional materials, water and wastewater management, construction industry growth, advancements in plastic technologies.
The plastic pipes and pipe fittings market size is expected to see strong growth in the next few years. It will grow to $138.36 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rise in smart city initiatives, focus on sustainable and eco-friendly solutions, expanding agricultural practices, technological innovations in materials, rising demand for HDPE pipes. Major trends in the forecast period include popularity of multilayer pipes, focus on sustainable and eco-friendly solutions, expansion of oil and gas pipeline infrastructure, technological advancements in pipe fittings, impact of regulatory standards.
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Which Market drivers have played a significant role in driving the plastic pipes and pipe fittings market?
The increased construction demand for housing facilities is expected to propel the growth of the plastic pipes and pipe fitting market. Construction is the process of building physical structures or infrastructure using tools, materials, and techniques to meet certain specifications or requirements. Plastic pipes and pipe fittings are used in construction for plumbing, drainage, and HVAC (heating, ventilation, and air conditioning) systems in houses due to their durability, ease of installation, and cost-effectiveness compared to traditional metal alternatives. For instance, in November 2023, according to the Office for National Statistics, a UK-based Statistics Authority, total Construction work increased by $19781.69 million in 2022, with growth in both private and public new work, which increased by 16.8% and 13.1%, respectively, as compared to 2021. Therefore, the increased construction demand for housing facilities is driving the growth of the plastic pipes and pipe fitting market.
What are the key segments within the plastic pipes and pipe fittings market?
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
Subsegments:
1) By Polyvinyl Chloride (PVC) Pipes: Rigid PVC Pipes, Flexible PVC Pipes, PVC-O Pipes
2) By Polyethylene (PE) Pipes: High-Density Polyethylene (HDPE) Pipes, Low-Density Polyethylene (LDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes
3) By Polypropylene (PP) Pipes: Homopolymer PP Pipes, Copolymer PP Pipes
4) By Other Types: Acrylonitrile Butadiene Styrene (ABS) Pipes, Polybutylene (PB) Pipes, Reinforced Thermoplastic Pipes (RTP)
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Which key players are shaping the plastic pipes and pipe fittings market?
Major companies operating in the plastic pipes and pipe fittings market include Available Plastics Inc., Inline Plastics LLC, Kimplas Piping System Limited, WL Plastics Inc., Applied Plastics Co. Inc., Lincoln Plastics Inc., NewAge Industries Inc., Omega Plastics Inc., Contech Engineered Solutions LLC, W.P. Law Inc., Interstate Pipe & Supply Co. Inc., Emco Industrial Plastics LLC, Aliaxis Group 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, 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
Which market trends are set to define the future of the plastic pipes and pipe fittings market?
Major companies operating in the plastic pipes and pipe fitting market are introducing advanced materials such as high-performance polyphenylene sulfide (PPS) material to enhance durability, chemical resistance, and thermal stability, ultimately meeting the increasing demands for reliability and efficiency in various industrial applications. Polyphenylene sulfide (PPS) is a high-performance, semi-crystalline thermoplastic known for its exceptional thermal stability, chemical resistance, and mechanical strength, making it suitable for demanding applications in automotive, electronics, and industrial sectors. For instance, in September 2024, Syensqo, a Belgium-based chemicals company, launched Ryton PPS XE-5000NA. Ryton PPS XE-5000NA is an advanced extrudable polyphenylene sulfide (PPS) material designed for high-performance piping applications, offering superior chemical and permeation resistance. This material is particularly suited for use in inner liners, stand-alone, and composite pipes, making it ideal for high-temperature and high-pressure environments. Its excellent extrusion properties enhance processability while ensuring durability, positioning it as a viable alternative to conventional piping materials like polyethylene and polyamide.
What are the key regional dynamics of the plastic pipes and pipe fittings market, and which region leads in market share?
Asia-Pacific was the largest region in the plastic pipes and pipe fitting market in 2024. 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
What Does The Plastic Pipes And Pipe Fittings Market Report 2025 Offer?
The plastic pipes and pipe fittings market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
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