Global PVC Pipes Market Is Expected to Grow at a CAGR of 6.6% during 2019 – 2026
PVC Pipes Market Report, published by Accurize Market Research, forecast that the global market is expected to reach $35 Billion by 2026, growing at a CAGR of 6.6 % from 2019 to 2026. Asia-Pacific accounts for the major share in the global PVC Pipes Market.
Market Introduction and Market Dynamics
The increased demand for PVC pipes from the commercial & industrial sectors and a rise in government expenditure in the water sanitation projects are the major factors fueling the growth of the PVC pipes market. Also, the growing application of PVC in various industries like the irrigation sector and construction industry owing to its cost-effectiveness, lower cost & durability is driving the market globally. However, the alternatives which are available in the market may hamper the market. Moreover, the growth of the rural areas in developing countries would generate new business opportunities for the PVC pipe market in the future years.
Market Segmentation & Crisp Analysis
The global PVC pipe market is divided into type, application, and geography. By type, the market is divided into chlorinated PVC pipe, plasticized PVC pipe, and unplasticized PVC Pipe. By application, the market is divided into irrigation, water supply, oil and gas, sewage, HVAC and others. By geography, the market is distributed across the various geographical regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, Italy, the UK, & the Rest of Europe. Japan, China, India, Australia, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa