SPHERICAL INSIGHTS LLP
According to a research report published by Spherical Insights & Consulting, the global PVC pipe market size was estimated at USD 76.5 billion in 2021, and the global PVC pipe market is expected to reach USD 129 billion by 2030. Affected Companies: Avient Corporation (US) Chemplast Sanmar Limited (India) Westlake Chemical Corporation (US) Mitsubishi Chemical Corporation (Japan) SABIC (Saudi Arabia) LG Chem (South Korea) 3M (US) Dow (US) DuPont (US) LSB INDUSTRIES (USA) Sika AG (Switzerland) Innospec (USA) ADEKA CORPORATION (Japan) Dorf Ketal Chemicals (I) Pvt. Ltd., Clariant (Switzerland) LANXESS (Germany) Mayzo, Inc. (USA) Solvay (Belgium) Akzo Nobel NV (Netherlands) Arkema (France) Eastman Chemical Company (USA) and others We have included more than 20 prominent key players in the final report.
New York, United States, December 01, 2022 (GLOBE NEWSWIRE) — The Global PVC pipe market size from $76.5 billion in 2021 to $129 billion in 2030, at a compound annual growth rate (CAGR) of 6% over the forecast period. PVC pipe market has been growing because of its beneficial properties including light weight, cost-effectiveness, ease of installation and durability. They are also used in electrical fittings due to their excellent thermal and electrical insulating properties.
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The chlorinated segment accounts for the largest market size during the forecast period.
Based on type, the global PVC pipe market is segmented into unplasticized, molecularly oriented, chlorinated and others. The chlorinated segment accounts for the largest market size during the forecast period. Chlorinated PVC is known as C-PVC. Many of the advantages of PVC-U can also be found in pipes and fittings made of C-PVC. However, C-PVC pipes and fittings can survive a wider range of temperatures than traditional PVC-U due to their higher chlorine content. For this reason, C-PVC is a preferred material for water pipe systems in residential and commercial construction.
The irrigation segment is projected to show a higher CAGR during the forecast period.
Based on Application, PVC Pipes market is segmented into Irrigation, Sewerage, Water Supply, Plumbing, Oil & Gas and Others. The irrigation segment is projected to show a higher CAGR during the forecast period. Irrigation projects cost up quickly and require a lot of time. Using PVC pipe for the lateral lines or the line between the valves on the water main is a wonderful way to reduce costs on an irrigation project. However, PVC pipe is an excellent side material.
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The COVID-19 epidemic has had a negative impact on loan portfolios. The tremendous growth has affected the solvency of customers and businesses through unemployment and disruption to economic activity. Central banks have adopted a proactive strategy of injecting money into the market by lowering interest rates and conducting asset purchase programs. With ongoing geopolitical tensions, global trade wars, and sporadic hurricanes and earthquakes, managing and monitoring credit, market, liquidity, and operational risks in financial markets has been challenging enough.
The current pandemic crisis has required Chief Risk Officers and their teams to re-evaluate outdated methodologies and assumptions for managing and monitoring risk. The global impact of COVID-19 has highlighted the importance of networking in international collaboration. As a result, many governments have rushed to find, evaluate, and buy trustworthy AI-powered solutions.
North America will hold a higher CAGR over the forecast period.
The global PVC pipe market has been segmented into five major regions: North America, Europe, Asia Pacific, South America, Middle East and Africa. According to estimates, Asia-Pacific will account for the highest market share in 2022. This is due to the growth of sectors including construction, agriculture and pharmaceuticals that are impacting the industry.
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Key companies and current developments: The report also provides an in-depth analysis focusing on the latest company news and developments, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This enables the overall competition within the market to be assessed. We added Global Economy: Recession Risk Rising Analysis and Russia-Ukraine Conflict War Impact in the final premium report. The major players in the global PVC pipe market include Avient Corporation (USA), Chemplast Sanmar Limited (India), Westlake Chemical Corporation (USA), Mitsubishi Chemical Corporation (Japan), SABIC (Saudi Arabia), LG Chem (South Korea) and 3M (USA), Dow (USA), DuPont (USA), LSB INDUSTRIES (USA), Sika AG (Switzerland), Innospec (USA), ADEKA CORPORATION (Japan), Dorf Ketal Chemicals (I) Pvt. ltd (USA), PMC Specialties Group (USA), Afton Chemical (USA), The Lubrizol Corporation (USA), Clariant (Switzerland), LANXESS (Germany), Mayzo, Inc. (USA), Solvay (Belgium), Akzo Nobel NV (Netherlands), Arkema (France) and Eastman Chemical Company (USA).
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