Hot and Cold Plastic Pipes Market To Be Valued At $8.7 Billion By 2027

ChicagoAnd the June 22 2022 /PRNewswire/ – According to a new market research report Hot and cold plastic tubes market By Raw Material (PEX, PE-RT, PPR, C-PVC, and PB), Application (Plumbing, Radiator Connectors, Underfloor Heating and Cooling Pipes), End User, and Region – Global Trends and Outlook to 2027″ and Published by MarketsandMarkets™, the global hot and cold plastic pipe market size will grow to 8.7 billion US dollars By 2027 from 6.5 billion USD In 2022, at a compound annual growth rate of 5.9% during the forecast period. The growth of the residential sector is driving government support and incentives for the adoption of underfloor heating system, even hot and cold PVC pipes are corrosion resistant, easy to install and cost effective, thus driving the demand for hot and cold PVC pipes globally. Moreover, the construction sector is also witnessing an increase in demand worldwide after the COVID-19 crisis. For example, according to Oxford Economics Report 2021, between 2020 and 2030, the construction market worldwide is expected to rise by 4.5 trillion US dollarsReach 15.2 trillion US dollars. Hot and cold plastic tubes are widely used in the residential sector, so the growth in the construction sector is leading to growth opportunities in the hot and cold plastic tubes market.

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The PVC Hot and Cold Tubing Market includes notable Tier I and Tier II manufacturers such as George Fisherand Wienerberger, Uponor, Aliaxis, and Genuit Group. These companies have their own manufacturing facilities spread all over North AmaricaAnd the EuropeAnd the Asia Pacific and other regions. Many hot plastic tube and cod tube manufacturers have AI and IoT technologies that provide real-time monitoring, remote start-up capability, fault diagnosis and troubleshooting and a host of other features. Residential, commercial (shopping malls, malls, hospitals, office space, etc.) and industrial (power generation, oil and gas, chemicals, petrochemicals, automobiles, etc.) are among the largest consumers of hot and cold PVC pipes. The growth of these industries is also expected to lead to the growth of the hot and cold plastic tubes market.

The plumbing pipe segment is expected to dominate the hot and cold plastic pipe market, by application, during the forecast period.

A home’s water supply system directs municipal water from the street into the home, where it branches off to deliver water to taps, showers, toilets, bathtubs, and appliances such as a water heater, dishwasher, and washing machine. Water pipes, fittings, service valves and faucets are the main components of this connection and distribution system. Plastic, copper, or galvanized iron are the most common materials for these pipes and associated fittings. Metal pipes are likely to corrode over a period of time but hot and cold plastic pipes such as C-PVC, PEX, and PE-RT are corrosion resistant and easy to install. These tubes are also cost effective compared to metal tubes. Therefore, the demand for hot and cold PVC pipes is increasing in the water plumbing sector.

Browse the table of contents in depth Hot and cold plastic tubes market

152 – Tables
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The residential segment is expected to be the largest and fastest growing market, by end user, during the forecast period.

The residential segment captured the largest market share in the hot and cold plastic pipes market in 2021. Hot and cold plastic pipes find a variety of applications in the residential sector, as these pipes are responsible for transporting hot water, and are also used for underfloor heating and cooling homes. The residential part is the largest and fastest growing part due to the increase in population. According to the United Nations (UN), the world population is expected to reach 8.5 billion in 2030, and increase further to 9.7 billion in 2050 and 11.2 billion by 2100. With an increase in population in the future, this will surely lead to increased demand. On the residential housing sector. Ultimately creating demand for hot and cold PVC pipes for residential use.

Asia Pacific Likely to appear as the biggest hot plastic & cold pipe market

The Asia Pacific The region captured the largest share of the tubes market in 2021. The major end users of hot and cold plastic tubes in Asia Pacific The area includes residential, commercial and industrial industries. Growth in the construction sector is also high in emerging Asian countries, with an average annual growth rate of more than 5% until 2030. Growth in China And the India In addition to the economies of the Association of Southeast Asian Nations (ASEAN) will provide a lot of support. cumulative total approx 135 trillion US dollars It is projected that it will be spent on construction globally over the next decade to 2030, about half of which is attributable to growth in Asia Pacific. This raises important questions about the race to achieve net zero and action on climate change.

The Asia Pacific The region has emerged as a global hub for manufacturing activity, with nearly every industry experiencing growth here. There are huge energy requirements, and countries in the region have been raising domestic production to meet demand. According to BP’s Statistical Review of World Energy 2021, the region had the highest refining capacity of 35.8% in the world in 2020, and is expected to grow even more. The region is also a hub for the petrochemical and chemical industries. Thus, the growth of these industries is expected to drive positively the regional hot and cold plastic tubes market during the forecast period

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The hot and cold plastic tubes market is dominated by major players with a wide regional presence. Some of the main players in Hot and cold plastic tubes market be George Fisher (Switzerland), Aliaxis (Belgium) and Wienerberger (Austria) and Genuit Group Inc. (UK), Chevron Philips (US), and Supreme (India), Wivin Asia (Singapore), stellate tubes (India).

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