The plastic pipe market consists of sales and manufacturing of pipes, pipe fitting and plastic profile such as rods and tubes. A plastic pipe is a hollow cylindrical structure or tubular section made up of plastic. Similarly, other pipe fittings are also made up of plastic according to the required shape and size. Market of plastic pipe is segmented by raw material used for manufacturing and end user application. Raw materials used for manufacturing of plastic pipes are Polyvinylchloride, Polypropylene, and Polyethylene. Potable water supply, electrical and telecommunication cable protection pipes, agriculture sector, waste water supply, and oil & gas industry are the end users of the plastic pipe market.
COVID-19 Impact analysis
- COVID-19 pandemic has shut-down the production of various products in the plastic pipe industry attributed to the lockdown in countries worldwide. This has hampered the growth of plastic pipe market in 2020 and, is likely to revive in 2021.
- COVID-19 has already affected the sales of plastic pipe in the second and third quarter of 2020 and is reviving in 2021.
- The major demand for plastic pipe was previously noticed from countries including the U.S., Germany, Italy, UK, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for plastic pipe.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Plastic pipe manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
- Plastic pipe manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
Awareness of advantages offered by plastic pipes such as flexibility, low cost, and ease in installation is the key driving factor in the market. Plastic pipes are corrosion resistant and thus, require very low maintenance. In addition, plastic pipes have an insulative property, which helps in preventing the condensation while carrying cold water which minimizes the heat loss. These factors are helping in raising the demand for plastic pipe in the global market. Increase in rapid construction and industrialization is expected to create an opportunity for the plastic pipe market. Environmental concerns, and government norms imposed for health and nature conservation, can be treated as restrain for the market growth.
Market Trends
- Continuous innovation and researches are being done to improve the quality and effectiveness of plastic pipes such as 3D technology, which allows manufacturing of complete self-supporting object. Demand for 3D technology is expected to raise the demand due to excellent finishing of product.
- Antimicrobial additives are being used for manufacturing of plastic pipes to improve hygiene. It prevents leakage of chemicals in water and prevent from harmful bacteria. This is highly used for the plastic pipes which are being used for water treatment plants.
- North America is dominating the global market due to high construction and industrialization.
- China and India are the major dominators in Asia-Pacific and holds maximum consumption of plastic pipes market.
Key Benefits of the Report
- This study presents the analytical depiction of the plastic pipe market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the plastic pipe market share.
- The current market is quantitatively analyzed to highlight the plastic pipe market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed plastic pipe market analysis based on competitive intensity and how the competition will take shape in coming years.
Plastic Pipe Market Report Highlights
| Aspects | Details |
 By Material |
|
 By Application |
|
 By Diameter |
|
 By Region |
|
 Key Market Players | Wienerberger AG, North American Pipe Corporation, Geberit AG, Astral Pipes Ltd., Radius Systems Ltd., Royal Building Products., REHAU Ltd., National Pipe And Plastics, Inc, Finolex Industries Ltd., Georg Fischer Ltd. |
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