PVC Pipe Market - Forecast(2020 - 2025)
PVC Pipe Market Overview: According to the reports of International Trade Centre (ITC), the trade value of tubes, pipes, hoses, and others stood at $26.039 billion on 2018, and it witnessed an annual growth of 11%, when compared to 2017. The increase in trade is attributable to application of PVC pipe in various industries such as water supply, irrigation, sewer drain, plumbing oil gas, and others. Thus, the growth of the pipe industry is reflecting in terms of the expansion of the PVC pipe market, which had witnessed a global market size of $55.6 billion in 2018. Furthermore, due to rising demand, the PVC pipe market is poised to increase at a lucrative CAGR of 6.1%, during the forecast period 2019-2025. APAC has been witnessing an impeccable growth in its revenue, due to growth of industries such as construction, agriculture, air conditioner, and pharmacy, which is contributing to the growth of the PVC pipe market. In 2018, APAC witnessed a maximum PVC pipe market share of 48%....