NEWARK, Aug. 22, 2022 (GLOBE NEWSWIRE) — According to the report published by The Brainy Insights, the global plastic hot and cold pipe market is forecast to grow to CAGR 10.65 billion from USD 6.43 billion in 2021 by 5 .77% in the forecast period 2022-2030.
Increasing demand from the irrigation industry and government investment in infrastructure development are expected to increase demand for the plastic hot and cold pipe market during the projection horizon. Furthermore, rapid population growth, increasing residential and non-residential construction activities, and awareness of the attractive properties of plastic pipes are also helping to propel the market growth. However, environmental concerns related to plastic and fluctuating commodity prices are hampering market growth. In addition, the introduction of 3D technologies and the development of multi-layer plastic pipes offer opportunities for market growth.
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competitive strategy
In order to improve their market positions in the global Hot and Cold Plastic Pipes Market, the major players are now focusing on executing strategies such as product innovation, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.
• For example, in February 2021, Genuit Group Company acquired Nu-Heat, a leading provider of sustainable underfloor heating solutions.
Plastic Hot & Cold Pipe Market Scope:
| report coverage | details |
| page number | 237 |
| base year | 2021 |
| forecast period | 2021-2030 |
| Growth Dynamics & CAGR | Accelerate with a CAGR of 5.77% |
| Market growth 2021-2030 | $10.65 billion |
| market structure | fragmented |
| Regional Analysis | APAC, Europe, North America, South America and MEA |
| make a market contribution | The Asia-Pacific region emerged as the largest market for the global plastic hot and cold pipe market, accounting for 45.36% of the market revenue in 2021. |
| competitive landscape | Leading companies, competitive strategies, levels of consumer engagement |
| company profiled | Wienerberger, Georg Fischer Ltd., Chevron Philips, Uponor, Aliaxis, Astral Pipes, Genuit Group, Supreme, Reliance Worldwide Corporation, Wavin Asia, RosTurPlast, Sioux Chief, Hewing GmbH, RIFENG, Truflo, PPG (Popular Pipes Group), Vectus, Feraplas, Elysee, MrPEX Systems |
| market dynamics | Stem Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, Market State Analysis for the Forecast Period. |
| customization area | If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted. |
Market Growth & Trends
The growth of the Plastic Hot and Cold Pipes market is being driven by the increasing awareness of the benefits of Plastic Hot and Cold Pipes. In addition, the growing demand for 3D technology is the market growth trend. In addition, continuous research and innovation are carried out to improve the effectiveness and quality of plastic pipes, such as: B. the 3D technology that allows the production of completely self-supporting objects. In addition, 3D printing technology is increasingly being used in plastic manufacturing, including tubes and molds, to achieve high design flexibility and reduced production costs and time. This technology allows manufacturers to create complex objects that are reliable and lightweight. However, plastic pipes have an insulating property that helps prevent condensation when transporting cold water and minimizes heat loss. These factors help to increase the demand for the market.
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Important Findings
• In 2021, the plumbing pipe segment dominated the market with the largest market share of 41.23% and a market revenue of 2.65 billion.
The application segment is divided into radiator connection pipes, water installation pipes and underfloor heating & cooling. In 2021, the plumbing pipe segment dominated the market with the largest market share of 41.23% and a market revenue of 2.65 billion. This growth is attributed to increasing investments in water infrastructure and the increasing number of desalination plants.
• In 2021, the crosslinked polyethylene (PEX) segment dominated the market with the largest market share of 28.23% and a market turnover of 1.81 billion.
The raw material segment is divided into polyethylene elevated temperature (PE-RT), polybutylene (PB), polypropylene random copolymer (PPR), crosslinked polyethylene (PEX) and chlorinated polyvinyl chloride (C-PVC). In 2021, the crosslinked polyethylene (PEX) segment dominated the market with the largest market share of 28.23% and a market revenue of 1.81 billion. This growth is attributed to increasing product usage for piping applications.
• In 2021, the residential segment dominated the market with the largest market share of 40.13% and a market turnover of 2.58 billion.
The consumer segment is divided into commercial, residential and industrial. In 2021, the residential segment dominated the market with the largest market share of 40.13% and a market revenue of 2.58 billion. This growth is attributed to the increasing demand for PVC pipe in numerous applications.
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Plastic Hot And Cold Tube Market Regional Segment Analysis:
• North America (USA, Canada, Mexico)
• Europe (Germany, France, Great Britain, Italy, Spain, rest of Europe)
• Asia Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and the rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia-Pacific emerged as the largest market for the global plastic hot and cold tube industry with a market share of 45.36% and a market value of about 2.91 billion in 2021. The Asia-Pacific region is currently dominating the hot and cold plastic pipe market on the increasing demand for water in various countries including China and India. In addition, the significant investments in the chemical and agricultural industries are also helping to propel the market growth of the region. Additionally, the North American region is expected to show the fastest CAGR of 7.01% over the projection period. This growth is due to increasing construction and renovation activity. Furthermore, the general awareness and massive demand for clean water along with the strong presence of significant industry players offering efficient solutions are driving the market growth in this region.
Major Players in Global Hot and Cold Plastic Pipes Market are:
• Wienerberger
• Georg Fischer AG
• Born group
• Aliaxis
• Wavin thing
• Uponor
• Chevron Philips
• Reliance Worldwide Corporation
• Sioux chief
• Maximum
• RosTurPlast
• RIFENG
• Astral Tubes
• Elysee
• Truffles
• Feraplas
• Hewing GmbH
• PPG (Popular Pipes Group)
• Transportation
• MrPEX systems
This study forecasts sales at global, regional and country level from 2019 to 2030. The Brainy Insights has segmented the global Plastic Hot and Cold Pipes market based on the below mentioned segments:
Global Plastic Hot and Cold Tube Market by Application:
• Radiator connection pipes
• Plumbing pipes
• Underfloor heating and cooling
Global Plastic Hot & Cold Pipe Market by Commodity:
• Polyethylene – elevated temperatures (PE-RT)
• Polybutylene (PB)
• Polypropylene Random Copolymer (PPR)
• Cross-linked polyethylene (PEX)
• Chlorinated polyvinyl chloride (C-PVC)
Global Hot and Cold Plastic Pipes Market by End User:
• Commercial
• Residential
• Industrial
About the report:
The Global Plastic Hot and Cold Pipes Market is analyzed by value (Billion USD). All segments have been analyzed on a global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the driving factors, opportunities, restraints and challenges to get the key insights into the market. The study includes Porter’s five forces model, attractiveness analysis, commodity analysis, supply and demand analysis, competitive position analysis, sales and marketing channel analysis.
About the Brainy Insights:
The Brainy Insights is a market research company that aims to provide companies with actionable insights through data analysis to improve their business acumen. We have a robust forecasting and estimation model to achieve clients’ goals in terms of high quality results within a short period of time. We offer both customized (custom) and syndicated reports. Our repository of syndicate reports is diverse across all categories and subcategories across all domains. Our bespoke solutions are tailored to the needs of customers, whether they are expanding or planning to launch a new product on the global market.
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