What are the PVC pipes?
PVC pipes are made of a combination of plastic and vinyl chloride. They are long-lasting and durable. They do not rot and rust over time. PVC pipes have the ability to withstand extreme moments therefore it used in the earthquake-prone area. PVC pipes are considered affordable and reliable for water piping. They are most commonly used in underground wiring, sewer lines, and water systems. But plastic pipes are not installed in high temperatures they can easily break. PVC pipes are highly flexible and fixed without breaking when loaded externally from the soil weight. PVC pipes are ultra smooth therefore it reduces the pumping cost and its leak-free joints eliminate water loss.
Here are some driving factors of the PVC pipes market:
Increasing demand from the irrigation industry:
The increasing demand for PVC pipes from the irrigation industry is attributed to several factors. The PVC pipes are durable and have a long lifespan. They are resistant to chemicals and corrosion, making them suitable for irrigation. They can withstand harsh soil, weather, and water conditions. PVC pipes are cost-effective as compared to other pipe materials. PVC pipes are light in weight therefore they are easy to handle and convenient for installation. Thus, the market growth of PVC pipes is expected to grow by increasing demand from the irrigation industry.
Increasing applications of PVC pipes:
PVC pipes and chemical handling are used in the building infrastructure because they have good physical properties. PVC pipes are durable, chemical resistant, and have mechanical stability. In addition, PVC pipes are considered as environmentally friendly as other pipes. Therefore, they are utilized in several applications. The market growth for PVC pipes is expected to drive the increasing applications of PVC pipes.
Restraining factors of the PVC pipe market:
Fluctuating crude oil prices:
PVC resin prices depend on the costs of crude oil. Prices of crude oil are highly volatile due to the dominance of the Organization of Petroleum Exporting Countries (OPEC). OPEC controls 40% of the global oil supply. The oil prices are also changing due to demand and supply swings, refining expenses, and natural disasters. Therefore, crude oil prices hamper the market growth of PVC pipes. The industry stakeholder needs to closely monitor this fluctuation to sustain the market growth
PVC pipes have high market growth due to the increasing number of applications of PVC pipes and increasing demand in the irrigation industry. The various market players such as Astral Pipes, JM Eagle, and Fujian Aton Advanced Material Science and Technology Co. Ltd. Are focusing on innovation and advancement in PVC pipes to propel their, market growth.
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