PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514994
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514994
Asia Pacific Plastic Pipe Market size was valued at USD 25,443.34 Million in 2023, expanding at a CAGR of 5.7% from 2024 to 2032.
A pipe is a tubular structure made of diverse materials, including metals, steel, aluminum, plastics, concrete, among others. They serve to encase flowing water or liquids, utilized for domestic and commercial needs across various industries. Available in a range of diameters, pipes cater to multiple end-user sectors such as oil and gas, pharmaceuticals, chemicals, petrochemicals, water and wastewater management, residential and commercial construction, HVAC systems, automotive, food processing, and more. Facilitating the seamless transport of liquids, pipes ensure contamination-free conveyance due to their protective layers, ensuring the purity of the liquid substances being transported.
Asia Pacific Plastic Pipe Market- Market Dynamics
Surging investments in infrastructure projects and construction activities to propel market demand
The pipe market in the Asia Pacific region is experiencing significant growth, propelled by surging investments in infrastructure projects and construction activities. The expanding usage of pipes for various domestic and commercial applications further drives market expansion. Additionally, the rising trend of renovations and remodeling activities contributes to increased sales and profitability for market players. Moreover, the rapid urbanization and industrialization across emerging economies in the region are fueling the demand for pipes in sectors such as water supply, wastewater management, and industrial processing. With ongoing developments in infrastructure and construction sectors, coupled with the growing demand for pipes across diverse applications, the Asia Pacific pipe market continues to thrive, presenting ample opportunities for industry growth and development.
Asia Pacific Plastic Pipe Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.7% over the forecast period (2024-2032)
Based on Pipe Size segmentation, 2 to 5 inches was predicted to show maximum market share in the year 2023
Based on Application segmentation, Building was the leading type in 2023
On the basis of countries, China was the leading revenue generator in 2023
The Asia Pacific Plastic Pipe Market is segmented on the basis of Pipe Size, Application, Distribution, and Country.
The market is divided into seven categories based on Pipe Size: up to 1/2 inch, 1/2 to 1 inch, 1 to 2 inches, 2 to 5 inches, 5 to 10 inches, 10 to 20 inches, and above 20 inches. In 2023, the dominant segment is 2 to 5 inches plastic pipe in the Asia-Pacific market. These pipes are extensively utilized in the agricultural sector, driving increased demand throughout the forecast period due to their suitability and versatility in various agricultural applications, thereby contributing to their projected market dominance in the coming year.
The market is divided into five categories based on Application: building, infrastructure, industrial, and agriculture sectors and others. Building applications are anticipated to lead the market in 2022, primarily due to the necessity for water supply, gas distribution, and drainage systems, which collectively stimulate demand throughout the forecast period.
Asia Pacific Plastic Pipe Market- Geographical Insights
The analysis of the Asia Pacific plastic pipe market includes countries such India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, along with the rest of the Asia Pacific (APAC). China holds the highest share in the plastic pipe market and is a leader in the global manufacturing of pipes utilized across various applications, thereby driving increased demand within the construction sector for these essential components.
Major players in the Asia Pacific plastic pipe market adopt various strategic approaches to maintain competitiveness. Companies form strategic partnerships with other firms, which can involve collaborations with suppliers, distributors, or even competitors to expand market reach, access new technologies, or streamline operations. Additionally, companies often focus on diversifying their product offerings to cater to a broader range of customer needs and market segments. This diversification may involve introducing new types of plastic pipes, such as high-performance or specialty pipes, or expanding into related product lines such as fittings, valves, or accessories. By implementing these strategic approaches, companies in the Asia Pacific plastic pipe market enhance their competitiveness, adapt to changing market conditions, and also capitalize on emerging opportunities in the industry.
In February 2021, PPS Plastic Pipe Industries Ltd. unveiled its official website, providing customers with a platform to purchase UPVC pipe and fittings products directly. This online presence offers convenience and accessibility, allowing customers to browse through a range of UPVC pipe and fittings options and make purchases from the comfort of their homes or offices. The launch of the website reflects PPS Plastic Pipe Industries' commitment to leveraging digital channels to enhance customer experience and expand its market reach in the plastic pipe industry.
ASIA PACIFIC PLASTIC PIPE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Oka Corporation Bhd
Finolex Industries Ltd.
Supreme Industries Limited
Xinjiang Guotong Pipeline Co. Ltd
Aliaxis Group S.A
Sekisui Chemical Co., Ltd.
Others
ASIA PACIFIC PLASTIC PIPE MARKET, BY PIPE SIZE - MARKET ANALYSIS, 2019 - 2032
1/2 inches
1/2 to 1 inch
1 to 2 inches
2-5 inches
5-10 inches
10-20 inches
Above 20 inches
ASIA PACIFIC PLASTIC PIPE MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Building
Infrastructure
Industrial
Agriculture
Others
ASIA PACIFIC PLASTIC PIPE MARKET, BY DISTRIBUTION - MARKET ANALYSIS, 2019 - 2032
Direct selling
Retail selling
ASIA PACIFIC PLASTIC PIPE MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC