Plastic Pipes Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The global plastic pipes market is valued at approximately $25.0 billion in 2023, and is estimated to reach $40 billion by 2030, growing at a CAGR of 5% from 2024 to 2030. The growth of this market is driven by increasing applications in various sectors such as agriculture, water management, and construction. The increasing demand for water distribution systems and the growing demand for sustainable building practices are the major factors driving the growth of this market. Also, the advancements in the manufacturing processes and the materials used in the pipes are driving the market. High-density polyethylen and polyvinylchloride pipes, which offer enhanced resistance to corrosion and high strength, are gaining traction. The major players in the industry, such as JM Eagle, Advanced Drainage System, and Uponor, are focusing on enhancing their market presence and product portfolios by launching new products. And the growing trend toward sustainable pipe solutions is resulting in an increase in R&D spending.

Regional Market Size

Regional Deep Dive

The plastic pipes market is experiencing substantial growth across all regions, owing to the rising demand for efficient water management systems, increasing urbanization, and the increasing use of plastic pipes in the construction and agricultural applications. Each region is characterized by unique market dynamics, owing to the presence of varying government regulations, economic conditions, and technological advancements. The shift toward sustainable materials and innovative manufacturing processes are reshaping the competitive landscape, driving investments in research and development.

Europe

• The European Union is imposing strict regulations to reduce plastic waste. These regulations are affecting the manufacture and use of plastic pipes. Companies such as Wavin and Uponor are developing new products that meet these regulations.
• The use of smart water systems is also on the rise. These systems combine plastic pipes with the Internet of Things to monitor and control water usage. In the future, we expect a growing demand for the most advanced plastic pipe solutions in the city.

Asia Pacific

• In the Asia-Pacific region, the population is rapidly increasing, the industrialization is accelerating, and the construction and public works are developing rapidly. The plastic pipe industry is developing rapidly. The two big players, China National Petroleum and Reliance, are expanding their production capacity to meet the demand.
• Governments in countries like India and China are promoting the use of plastic pipes for irrigation and water supply, which is expected to drive the market growth significantly. These initiatives are part of the governments’ efforts to improve water management and agricultural productivity.

Latin America

• In Latin America, owing to the growing investment in water and sewage, the demand for plastic pipes is on the increase. Brazil and Mexico are the two countries that have the greatest need for plastic pipes. There, companies such as Tigre and Amanco are diversifying into more sustainable products.
• The region is also experiencing a rise in public-private partnerships aimed at improving water supply and sanitation services, which is expected to drive the adoption of plastic pipes in various applications, from residential to industrial.

North America

• High-density polyethylene (HDPE) pipes are in great demand in the North American market, especially in the oil and gas industry, where the need for durable and corrosive-resistant materials is very great. Product innovations and sustainable practices are provided by companies such as JM Eagle and Advanced Drainage Systems.
• The United States, where the need for conservation of water and for improvements in the sewerage system has been made a subject of legislation, is now investing more and more in the use of plastic pipe systems for the supply of water and the disposal of sewage. Municipalities are increasingly turning to these systems as they replace old, worn-out systems.

Middle East And Africa

• In the Middle East and Africa, plastic pipe systems are being driven by large investments in building and construction, particularly in the oil and gas industry. These investments are driving the growth of companies such as Aliaxis and National Plastic, which are expanding their activities to meet the growing demand for durable pipe systems.
• The region is also experiencing a shift towards the use of recycled materials in the manufacture of plastic pipes, driven by growing concern for the environment and by a more restrictive regulatory framework. This trend is expected to further improve the market’s resilience and attract consumers who are more environmentally aware.

Did You Know?

“Did you know that plastic pipes can last over 100 years when properly installed and maintained, making them a long-term solution for water and sewage systems?” — American Society of Civil Engineers

Segmental Market Size

The market for plastic pipes is experiencing steady growth, driven by the increasing demand for these products in the construction, agriculture and water supply sectors. In addition to the growing need for durable and lightweight piping solutions, stricter regulations for the use of non-corrosive materials in the construction of new water systems are a major driving force in this market. Further, technological developments in manufacturing processes are enhancing the performance and longevity of plastic pipes, thereby enhancing their appeal. In North America, the market for plastic pipes is at a mature stage of development, with JM Eagle and Advanced Drainage Systems establishing themselves as the dominant players. The Middle East and Asia-Pacific are the most important markets, where they are used in water supply, drainage and irrigation systems. The trend towards greater resource efficiency and the implementation of government regulations on water management are important growth drivers, while innovations in material, such as bio-plastics and smart piping, are shaping the future of the industry.

Future Outlook

From 2023 to 2030, the global plastic pipes market is expected to grow at a CAGR of 5.0% from $25.0 billion to $40.0 billion. This is mainly due to the rising demand for lightweight, corrosion-resistant, and cost-effective pipe solutions in various industries such as construction, agriculture, and water management. As the world’s population increases, the rate of urbanization accelerates, and the global construction and renovation industry grows, the use of plastic pipes will also increase, especially in regions with aging and scarce water resources. Also, the development of high-density polyethelyne (HDPE) and polyvinyl chloride (PVC) pipes will drive the market growth. These two materials are durable and flexible, which makes them suitable for many applications. Also, the government’s support for sustainable building practices and water management will increase the demand for plastic pipes. Also, the integration of smart piping systems for the monitoring and maintenance of pipes will be an important trend in the future.