Global Plastic Hot and Cold Pipe Market Size Set to Touch USD 9.4 Billion by 2028

Published | 29 November 2022

Global plastic hot & cold pipe market is flourishing because of an increasing government support and initiatives for deployment of underfloor heating systems, high adoption of plastic hot and cold pipes by end-use industries, and a surging demand for plastic pipes due to their diverse benefits.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global plastic hot and cold pipe market  size at USD 5.89 billion in 2021. During the forecast period between 2022 and 2028, BlueWeave expects global plastic hot & cold pipe market to grow at a steady CAGR of 7% reaching a value of USD 9.37 billion by 2028. Global plastic hot & cold pipe market expansion is driven by growing demand for plastic pipes in various end-use industries, such as agriculture and construction, as well as increasing government investments in infrastructure development. An increasing demand from rapidly growing population for residential and commercial development, and growing awareness of the appealing properties of plastic pipes are expected to drive global plastic hot and cold pipe market during the forecast period. Governments’ supportive initiatives to promote the use of underfloor heating systems, growing in the building sector, and increased activity by key market players could also fuel the growth of plastic hot and cold pipe market across countries. However, metal plumbing and fitting pipes have high temperature resistance compared to plastic hot and cold pipes and limited usage of polybutylene piping system in North America are anticipated to restrain the growth of global plastic hot and cold pipe market growth during period in analysis. 

Global Plastic Hot & Cold Pipe Market– Overview

A plastic hot and cold pipe is a hollow plastic cylinder or tubular component. Many manufacturers of plastic hot and cold pipes currently prefer IoT (Internet of Things) and AI technologies, which provide a range of capabilities, such as remote control, real-time monitoring, troubleshooting, and defect identification. The growing awareness about the importance of plastic hot and cold pipes is driving the growth of the plastic hot and cold pipe market. An increasing need for 3D technologies which enable the creation of entire self-supporting items is driving market growth. 3D printing technology is currently being employed in the creation of plastic pipes and forms for increased design flexibility with lesser production time and expense. The 3D printing technology enables producers to create complex, lightweight products. Also, plastic pipes offer an insulating quality that helps avoid condensation while conveying cold water and lowers heat loss.

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Global Plastic Hot & Cold Pipe Market – By Application

Based on application, global plastic hot & cold pipe market is segregated as Water Plumbing Pipes, Radiator Connection Pipes, and Underfloor Surface Heating & Cooling segments. The water plumbing pipes segment holds the highest share in the market. The water supply system in a home distributes municipal water from the street to the house, where it is supplied to taps, faucets, restrooms, bathtubs, and appliances such as the water heater, dishwasher, and washing machine. The major elements of this supply and distribution system are water pipes, fittings, service valves, and faucets. Plastic, copper, and galvanized iron are the most widely used materials for these pipes and fittings. Metal pipes deteriorate over time, while plastic hot and cold pipes such as C-PVC, PEX, and PE-RT are corrosion resistant and simple to install. These pipes are also less expensive than metal pipes. As a result, the demand for plastic hot and cold pipes in the water plumbing market is expanding.

Impact of COVID -19 on Global Plastic Hot & Cold Pipe

COVID-19 pandemic adversely affected global plastic hot & cold pipe market due to the imposition of stringent lockdowns across countries, resulting in closure of production unit and halt in manufacture of various products in plastic pipe industry along with sharp decline in sales. Hence, it hampered the overall market growth in 2020 and initial months of 2021. Previously, the surging demand for plastic pipe was observed in countries such as United States, Germany, Italy, United Kingdom, and India, which were also negatively affected by pandemic, thereby hindering the demand for plastic pipe. Furthermore, the pandemic had a significant impact on the housing market due to lockdown imposition, health concerns and travel restriction, they were fewer buyers and sellers. In addition, road, civil aviation, and maritime transportation all came to a halt, reducing demand for fuel. As a result, demand for plastic hot and cold pipe from the oil and gas, chemical, and petrochemical markets plummeted. However, due to rise in building and construction industry worldwide after COVID-19 crisis has resulted in increasing demand for plastic hot and cold pipe market. Furthermore, the market players have embraced new methods and ideas to boost global market growth.

Competitive Landscape

Major players operating in global plastic hot & cold pipe market include Georg Fischer Ltd., Wienerberger, Aliaxis, Uponor, Genuit Group, Truflo, Reliance Worldwide Corporation (RWC), Supreme, PPG (Popular Pipes Group), Vectus, Astral Pipes, Chevron Philips, Wavin Asia, Hewing GmbH, Rifeng, Elysee, and Sioux Chief. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics Global Plastic Hot & Cold Pipe Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Plastic Hot & Cold Pipe Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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