Plastic Hot & Cold Pipe Market Size, Share & Industry | 2031
Plastic Hot & Cold Pipe Market Size, Share & Industry | 2031
Segments - Plastic Hot & Cold Pipe Market by Applications (Radiator Connection Pipes, Underfloor Surface Heating & Cooling, and Water Plumbing Pipes), Raw Materials (PPR, C-PVC, PEX, PE-RT, and PB), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-4591
| 4.9 Rating
| 78 Reviews
| 168 Pages
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Report Description
The global plastic hot & cold pipe market size was valued at USD 6.88 Billion in 2022 , is projected to reach USD 11.53 Billion by 2031 and expanding at a CAGR of 5.9% during the forecast period, 2023–2031. The growth of the market is attributed to the government support and incentives for adoption of underfloor heating system.
Plastic hot & cold pipe is a hollow plastic cylinder or tubular portion. Electrical wire systems are increasingly using polyethylene (PE) pipes as a safety coating. Many plastics hot & cold pipe manufacturers now use AI and IoT technologies, which offer a variety of capabilities including real-time monitoring, fault detection, remote operation, and troubleshooting.
According to the United Nations (UN), the world population is expected to reach 8.5 billion people in 2030, then rise to 9.7 billion people in 2050, and finally to 11.2 billion people in 2100. The demand for residential housing is expected to rise as the population grows in the future. Eventually generating demand for domestic plastic hot and cold pipe.
The COVID-19 crisis impacted several market and demand of plastic hot & cold pipe in the building and construction business has increased globally. For instance, the global construction industry is expected to grow by USD 4.5 trillion between 2020 and 2030, reaching USD 15.2 trillion, according to Oxford Economics Report 2021. Prospects for market expansion in the building and construction industry have arisen, due to the widespread usage of plastic hot & cold pipes in the residential sector.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing preference for plastic hot & cold pipe to replace older pipelines at industrial plants is expected to drive the market.
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Surge in construction and building sector is projected to propel the market during the forecast period.
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Environmental concerns associated with the plastic is anticipated to hinder the market.
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Maintenance of old pipes is costly, which is expected to hamper the market in the coming years.
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Rising government support and incentives for adoption of underfloor heating system is projected to create lucrative opportunities for market players.
Scope of Plastic Hot & Cold Pipe Market Report
The report on the global plastic hot & cold pipe market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Plastic Hot & Cold Pipe Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Applications (Radiator Connection Pipes, Underfloor Surface Heating & Cooling, and Water Plumbing Pipes), and Raw Materials (PPR, C-PVC, PEX, PE-RT, and PB) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Supreme; Wavin Asia; Astral Pipes; Switzerland's Georg Fischer; Belgium's Aliaxis; Austria's Wienerberger; and Chevron Philips |
Plastic Hot & Cold Pipe Market Segment Insights
Water plumbing pipes segment to expand at a considerable CAGR
On the basis of applications, the plastic hot & cold pipe market is segmented into radiator connection pipes, underfloor surface heating & cooling, and water plumbing pipes. The water plumbing pipes segment is projected to expand at a considerable CAGR during the forecast period. Municipal water is brought into a residence through the water supply system, which branches out to bring water to bathtubs, taps, showers, toilets, and appliances including water heaters, dishwashers, and washing machines.
The radiator connection pipes segment is anticipated to account for a major market share during the forecast period. Hot-water baseboard radiators consist of copper pipes with aluminum fins to improve their surface area structure. Conduction is the method used by these conduction boiler systems to transmit heat from the water into the metal convectors or radiators.
C-PVC segment to hold a significant share of the market
Based on raw materials, the market is divided into PPR, C-PVC, PEX, PE-RT, and PB. The C-PVC segment is expected to hold a significant share of the market in the coming year. C-PVC are corrosion resistant and easy to install. The PEX segment accounts for a significant market share, as these pipes are cost efficient compared to metal pipes.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the plastic hot & cold pipe market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period. The chemical and petrochemical industries have their headquarters in the Asia Pacific region.
The countries in the area have increased domestic production, due to the increasing demand of power in the region. The market in North America is anticipated to expand at a rapid pace during the forecast period, due to the presence of major players in the region.
Segments
The global plastic hot & cold pipe market has been segmented on the basis of
Applications
- Radiator Connection Pipes
- Underfloor Surface Heating & Cooling
- Water Plumbing Pipes
Raw Materials
- PPR
- C-PVC
- PEX
- PE-RT
- PB
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Supreme
- Wavin Asia
- Astral Pipes
- Switzerland's Georg Fischer
- Belgium's Aliaxis
- Austria's Wienerberger
- Chevron Philips
Competitive Landscape
Key players competing in the global plastic hot & cold pipe market are Supreme; Wavin Asia; Astral Pipes; Switzerland's Georg Fischer; Belgium's Aliaxis; Austria's Wienerberger; and Chevron Philips.
Prominent market players are pursuing mergers and acquisitions in order to expand their consumer base and enter new markets. Existing key player partnerships and cooperation are projected to have a substantial influence on the future competitive environment.
Frequently Asked Questions
Key players competing in the global plastic hot & cold pipe market are Supreme; Wavin Asia; Astral Pipes; Switzerland's Georg Fischer; Belgium's Aliaxis; Austria's Wienerberger; and Chevron Philips.
Asia Pacific is expected to constitute a key share of the market during the forecast period.
The global plastic hot & cold pipe market is expanding at a CAGR of 5.9% during the forecast period, 2023–2031.
Increasing preference for plastic hot & cold pipe to replace older pipelines at industrial plants is expected to drive the market.
The global plastic hot & cold pipe market size was valued at USD 6.88 billion in 2022.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Plastic Hot & Cold Pipe Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plastic Hot & Cold Pipe Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plastic Hot & Cold Pipe Market - Supply Chain
4.5. Global Plastic Hot & Cold Pipe Market Forecast
4.5.1. Plastic Hot & Cold Pipe Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plastic Hot & Cold Pipe Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Plastic Hot & Cold Pipe Market Absolute $ Opportunity
5. Global Plastic Hot & Cold Pipe Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Plastic Hot & Cold Pipe Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Plastic Hot & Cold Pipe Demand Share Forecast, 2019-2026
6. North America Plastic Hot & Cold Pipe Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Plastic Hot & Cold Pipe Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Plastic Hot & Cold Pipe Demand Share Forecast, 2019-2026
7. Latin America Plastic Hot & Cold Pipe Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Plastic Hot & Cold Pipe Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Plastic Hot & Cold Pipe Demand Share Forecast, 2019-2026
8. Europe Plastic Hot & Cold Pipe Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Plastic Hot & Cold Pipe Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Plastic Hot & Cold Pipe Demand Share Forecast, 2019-2026
9. Asia Pacific Plastic Hot & Cold Pipe Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Plastic Hot & Cold Pipe Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Plastic Hot & Cold Pipe Demand Share Forecast, 2019-2026
10. Middle East & Africa Plastic Hot & Cold Pipe Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Plastic Hot & Cold Pipe Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Plastic Hot & Cold Pipe Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Plastic Hot & Cold Pipe Market: Market Share Analysis
11.2. Plastic Hot & Cold Pipe Distributors and Customers
11.3. Plastic Hot & Cold Pipe Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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