Jul 22, 2022   SOURCE: BusinessWire

Plastic Hot & Cold Pipe Market by Raw Material, Application, End-user & Region - Global Trends & Forecast to 2027 - ResearchAndMarkets.com

The "Global Plastic Hot & Cold Pipe Market by Raw Material (PEX, PE-RT, PPR, C-PVC, and PB), Application (Water Plumbing Pipes, Radiator Connection Pipes and Underfloor Surface Heating & Cooling), End User & Region - Trends & Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The plastic hot and cold pipe market is projected to reach USD 8.7 billion by 2027 from an estimated USD 6.5 billion in 2022, at a CAGR of 5.9% during the forecast period.

The cross-linked polyethylene (PEX) segment, by raw material, is expected to be the fastest growing market from 2022 to 2027

The by raw material segment is categorized into cross-linked polyethylene (PEX), polyethylene-raised temperature (PE-RT), polypropylene random copolymer (PPR), chlorinated polyvinyl chloride (C-PVC) and polybutylene (PB). The cross-linked polyethylene (PEX) segment held the largest share of the plastic hot and cold pipe market and is expected to grow at the fastest CAGR. PEX is a flexible polyethylene polymer with a medium to high density.

PEX piping has been utilised for decades in hot- and cold-water distribution systems, as well as hydronic radiant heating. PEX pipes are also resistance to failure by freezing, and resistance to chemical attack when in contact with other products containing chemicals. Therefore, following factors to create demand for PEX pipes These advantages will fuel the fast growth of cross-linked polyethylene (PEX) segment in the near future.

The water plumbing pipes segment, by application, is expected to be the largest market from 2022 to 2027

The water plumbing pipes segment held the largest market share of the plastic hot and cold pipe market in 2021. The water plumbing pipes find applications in residential sector, commercial sector such as malls & shopping complexes, hospitals, office spaces and industrial sector like oil & gas, power generation, chemicals & petrochemicals and others.

The construction industry is expected to be a major driver of global economic development and recovery following COVID-19. Due to growth in construction industry there is increasing demand for residential properties and eventually demand for plastic hot and cold pipes for water plumbing. The growth of this segment, hence, can be attributed to the high demand for plastic hot and cold pipes in residential, commercial, and industrial sectors.

Asia Pacific: The largest and the fastest growing region in the plastic hot and cold pipe market

Asia Pacific is expected to dominate the global plastic hot and cold pipe market, and is expected to grow at the highest CAGR between 2022 - 2027. Growth in construction is also high in Emerging Asia, with average annual growth over 5% to 2030. Growth in China and India as well the Association of Southeast Asian Nations (ASEAN) economies will provide plenty of support. The major end users for plastic hot and cold pipe in the Asia Pacific region includes residential, commercial (malls & shopping complexes, hospitals, office spaces) and industrial (power generation, oil & gas, chemicals & petrochemicals) industries.

Market Dynamics

Drivers

  • Corrosion Resistance Feature and Ease of Installation Benefit of Plastic Hot and Cold Pipes
  • More Cost-Efficient Than Metal Pipes
  • Government Support and Incentives for Adoption of Underfloor Heating Systems

Restraints

  • Lower Temperature Resistance of Plastic Hot and Cold Pipes Than Metal Plumbing and Fitting Pipes
  • Restriction on Polybutylene (Pb) Piping System Usage in North America

Opportunities

  • Development of Advanced Piping Systems and Methods to Detect Leaks
  • Expansion of Construction Industry

Challenges

  • Susceptibility of C-Pvc Pipes to Degradation and Breakdown When Exposed to Hot Outdoor Conditions
  • Fluctuation in Raw Material Prices

Companies Mentioned

  • Aliaxis
  • Astral Pipes
  • Chevron Philips
  • Elysee
  • Feraplas
  • Genuit Group
  • Georg Fischer Ltd.
  • Hewing GmbH
  • Mrpex Systems
  • Ppg (Popular Pipes Group)
  • Reliance Worldwide Corporation (Rwc)
  • Rifeng
  • Rosturplast
  • Sioux Chief
  • Supreme
  • Truflo
  • Uponor
  • Vectus
  • Wavin Asia
  • Wienerberger

For more information about this report visit https://www.researchandmarkets.com/r/on1awp