The considerable expansion in the construction industry and the ongoing renovation projects in North America are mainly pushing the market towards growth.
SHERIDAN, WY, USA, September 27, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “North America PVC Pipe Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027”, the PVC pipe market in North America should have a CAGR of 5.6% during the period 2022-2027. Polyvinyl chloride (PVC) pipes are hollow cylindrical components that are made by extruding a combination of polymer resin, vinyl, and other synthetic adhesives. Compared to conventional pipes, PVC pipes are cost effective, durable and can withstand rigorous movement, bending and shaking and allow water to flow faster due to less friction on their smooth surface. Other than that, PVC pipes are lightweight, durable, easy to install, and provide increased resistance to weather, rot, chemical corrosion, and bacterial contamination. As a result, PVC pipes are used in water systems, underground wiring, and sewer lines. At present, they are mainly available in different sizes with a diverse range of pipe fittings.
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Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Market Trends and Drivers:
The considerable expansion of the construction industry and the ongoing renovation projects in North America are mainly pushing the (PVC) pipe market towards growth. Additionally, growing consumer awareness of the multiple benefits of the products such as chemical resistance and extended shelf life is driving the growth of the market. Therefore, it is widely used in construction projects as a suitable alternative to metal pipes. In addition, PVC pipes act as better thermal and electrical insulators and resist high fluid pressure and temperature, thanks to which they are used in electric vehicles (EVs) to reduce vehicle weight and improve performance. energy. Additionally, growing environmental concerns and implementation of green initiatives by governments are encouraging the installation of PVC pipes in underground sewer lines and drainage systems as sustainable products, supporting growth. of the market.
Key Market Segmentation:
The report has categorized the PVC pipe market in North America based on application and country.
Breakdown by application:
• Water supply
Breakdown by country:
• United States
Competitive analysis with key players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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