Europe PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
Polyvinyl chloride (PVC) pipes are continuously replacing the conventional metal pipes owing to their durability, recyclability, low cost, light-weight and ease of installation. Additionally, PVC pipes are also used for electrification purposes due to their electrical and heat insultation. They can also withstand rigorous movements, bending and shaking in earthquake prone areas without damaging. Further, these pipes exhibit resistance to chemicals and high fluid pressure, making them suitable for water supply. The latest report by IMARC Group, titled “Europe PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the European PVC Pipes market reached a volume of 5.2 Million Tons in 2018.
One of the primary factors catalysing the growth of the European PVC pipes market is growth in the construction sector. The construction sector in the European region is growing at a steady rate as the market has recovered after the economic downturn. Both public and private infrastructure and construction projects have resumed and are catalysing the demand for PVC pipes. In addition, there is a major drive in Europe towards sustainable transformation related to materials and systems used in the plumbing sector in the past few years. Copper and other metal pipes are being replaced by plastic piping systems. Moreover, focus on the reduction of operating costs have also boosted the plumbing sector, which has generated a great prospect for PVC pipes as they offer huge performance benefits over metal pipes. Strong economic growth in a number of Central and Eastern European countries and rising housing demand in the region is another major driver of the market. Looking forward, the market volume is projected to reach 6.8 Million Tons by 2024, registering a CAGR of 4.6% during 2019-2024.
Based on type, the market has been segmented as rigid and flexible PVC pipes. Currently, rigid PVC pipes dominate the market, holding the majority of the market share.
On the basis of application, sewerage and drainage represent the largest segment, followed by the gas supply and industrial applications.
Region-wise, Germany is the leading market, accounting for the majority of the market share. Other major markets include the United Kingdom, France, Italy and Spain.
On assessing the import and export scenario of the region, it is found that France and Italy are the biggest importer and exporter of PVC pipes, respectively.
This report provides a deep insight into the European PVC pipes industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, country-wise breakup, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the European PVC pipes industry in any manner.
Key Questions Answered in This Report:
How has the Europe PVC pipes market performed so far and how will it perform in the coming years?
What are the key regions in the Europe PVC pipes market?
What are the key application areas in the Europe PVC pipes market?
What are the key product types in the Europe PVC pipes market?
What are the various stages in the value chain of the Europe PVC pipes industry?
What are the key driving factors and challenges in the Europe PVC pipes industry?
What is the structure of the Europe PVC pipes industry and who are the key players?
What is the degree of competition in the Europe PVC pipes industry?
How are PVC pipes manufactured?
What are the raw material requirements for PVC pipes manufacturing?
What are the land and construction requirements for PVC pipes manufacturing?
What are the machinery requirements for PVC pipes manufacturing?
What are the manpower requirements for PVC pipes manufacturing?
What are the utility requirements for PVC pipes manufacturing?
What are the packaging requirements for PVC pipes?
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