Plastic Pipe Fitting Market Competitive Strategies, Growth Drivers And Forecast To 2029


Posted July 3, 2023 by krajput

Plastic Pipe Fitting Market Size and Trend Analysis including Segments (Product Type, Material, End-user Industry, application, Distribution channel, Region), Key Players, Competitive Landscape and Forecast, 2023-2029
 
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The Global Plastic Pipe Fitting Market Industry was valued at 35.72 Billion USD for the year 2022 and is expected to grow at a CAGR of 5.3% to become a 51.54 Billion USD market by the year 2029

Plastic Pipe Fitting Market Overview:

The Plastic Pipe Fitting market analysis provides a comprehensive picture of the competition, including market share and company profiles of the global industry's top rivals. The research scope covers a complete examination of the Plastic Pipe Fitting Market size, as well as the reasons for variances in the industry's growth in various places.

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Market Scope:

This research study relies heavily on secondary sources, directories, and databases, such as annual reports, press releases, journals, company websites, and databases, to find and collect appropriate excerpts.

Segmentation:

by Product Type Elbows
Couplings
Tees
Adapters
Valves
Connectors
Others

by Material

PVC (Polyvinyl Chloride)
CPVC (Chlorinated Polyvinyl Chloride)
PP (Polypropylene)
PE (Polyethylene)
ABS (Acrylonitrile Butadiene Styrene)
Others

PVC (Polyvinyl Chloride):

PVC is a widely used material for plastic pipe fittings due to its cost-effectiveness, durability, and corrosion resistance. It finds applications in plumbing, irrigation, and water supply systems. Market drivers for PVC fittings include the increasing demand for affordable and easy-to-install plumbing solutions, particularly in residential construction. Key players in this segment include Georg Fischer Ltd., Aliaxis Group, and Astral Poly Technik Limited. Market trends include the adoption of sustainable PVC formulations and the development of lead-free PVC fittings.

CPVC (Chlorinated Polyvinyl Chloride):

CPVC is a variant of PVC that has been chlorinated for enhanced heat resistance and high-pressure handling capabilities. It is commonly used in hot water plumbing systems, industrial applications, and fire sprinkler systems. Market drivers for CPVC fittings include the growth in construction activities, particularly in commercial buildings and industrial facilities. Key players in this segment include Astral Poly Technik Limited, Georg Fischer Ltd., and Charlotte Pipe and Foundry Company. Market trends include the development of CPVC fittings with improved chemical resistance and fire performance.

PP (Polypropylene):

Polypropylene is a versatile plastic material known for its high chemical resistance and temperature tolerance. It is used in a variety of applications, including plumbing, chemical processing, and industrial fluid transportation. Market drivers for PP fittings include the increasing demand for chemical-resistant pipe systems and the growth in industrial manufacturing activities. Key players in this segment include Georg Fischer Ltd., Uponor Corporation, and Aliaxis Group. Market trends include the development of PP fittings with enhanced strength and improved jointing technologies.

PE (Polyethylene):

Polyethylene is a lightweight and flexible plastic material known for its excellent chemical resistance and low-cost production. It is widely used in water supply systems, irrigation, and gas distribution networks. Market drivers for PE fittings include the growth in infrastructure development projects, particularly in emerging economies. Key players in this segment include Uponor Corporation, Georg Fischer Ltd., and Astral Poly Technik Limited. Market trends include the adoption of PE fittings with improved fusion jointing techniques and the development of high-density polyethylene (HDPE) fittings for demanding applications.

ABS (Acrylonitrile Butadiene Styrene):

ABS is a durable and impact-resistant plastic material commonly used in drainage systems, ventilation, and industrial applications. It offers good mechanical properties and chemical resistance. Market drivers for ABS fittings include the demand for efficient drainage systems in residential and commercial buildings. Key players in this segment include Georg Fischer Ltd., Astral Poly Technik Limited, and Charlotte Pipe and Foundry Company. Market trends include the development of eco-friendly ABS formulations and the integration of ABS fittings with noise-reducing features.

by Application

Plumbing Systems
Irrigation Systems
Water Supply Systems
Chemical Processing
HVAC (Heating, Ventilation, and Air Conditioning)
Mining
Others

by End-use industry

Construction (Residential, Commercial, and Industrial)
Agriculture
Chemical
Oil and Gas
Water and Wastewater Management
Mining
Pharmaceuticals
Others

by Distribution Channel

Direct Sales (Manufacturer to End-User)
Distributors/Wholesalers
Online Retailers
Others

Key Players:

The entire method entails an examination of the key market players' financial reports. Following the assessment of the overall market size, the market was segmented into several divisions and sub-segments and validated by key industry professionals and marketing executives. The biggest players in the Plastic Pipe Fitting market are as follows:

1. Georg Fischer Ltd. (Switzerland)
2. Aliaxis Group (Belgium)
3. Astral Poly Technik Limited (India)
4. Uponor Corporation (Finland)
5. Charlotte Pipe and Foundry Company (United States)
6. Tigre S.A. (Brazil)
7. National Plastic Factory (United Arab Emirates)
8. Polypipe Group PLC (United Kingdom)
9. IPEX Inc. (Canada)
10. JM Eagle Company, Inc. (United States)
11. Wavin N.V. (Netherlands)
12. Advanced Drainage Systems, Inc. (United States)
13. Dura-Line Holdings, Inc. (United States)
14. Vinidex Pty Ltd. (Australia)
15. Mueller Water Products, Inc. (United States)
16. Radius Systems Ltd. (United Kingdom)
17. Plasson Ltd. (Israel)
18. Georg Fischer Piping Systems LLC (United States)
19. Plastika AS (Czech Republic)
20. HDPE Pipe & Fittings (Pty) Ltd. (South Africa)
21. Pipelife International GmbH (Austria)
22. JM Eagle Europe (Belgium)
23. AGRU Kunststofftechnik GmbH (Austria)
24. Plastibell S.p.A. (Italy)
25. Thai Pipe Industry Co., Ltd. (Thailand)

Regional Analysis:

The regional description of the Plastic Pipe Fitting market analysis also contains individual market influencing variables and changes in market regulations that affect current and future market trends. Current and future trends are reviewed to evaluate the overall market potential and to identify profitable trends to get a more solid footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Plastic Pipe Fitting Market:

End-user industries where Plastic Pipe Fitting Industry are utilized had a drop in growth from January 2023 to May 2023 in some countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant fall in the revenues of businesses operating in these industries and, as a result, in demand for Plastic Pipe Fitting manufacturers, impacting the Plastic Pipe Fitting market's growth in 2023. With lockdowns and an increase in COVID-19 instances throughout the world, end-user business demand for Plastic Pipe Fitting has declined dramatically.

Key Questions Answered in the Plastic Pipe Fitting Market Report are:

Which segment had the largest share in the Plastic Pipe Fitting market in 2023?
What is the competitive landscape of the Plastic Pipe Fitting market?
Which are the key drivers aiding the Plastic Pipe Fitting market growth?
Which region has the maximum share in the Plastic Pipe Fitting market?
What will be the CAGR of the Plastic Pipe Fitting market during the forecast period (2023-2029)?
To Gain More Insights into the Market Analysis, Browse Summary of the Research Report: https://www.maximizemarketresearch.com/market-report/plastic-pipe-fitting-market/193889/

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Last Updated July 3, 2023