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Plastic Hot and Cold Pipe Market Size to Reach $9.96 billion by 2029 | MarketsandMarkets™
Water plumbing pipes application is expected to account largest market share during the forecast period. Due to efficiency in handling hot as well as cold water, plastic piping products, including both plastic hot and cold piping, are highly used in water plumbing applications. The long-durable piping products of high-grade corrosion-resistant ability to maintain the purity of water are ideal for residential and commercial as well as for industrial purposes. Plumbing systems have been installed in buildings to satisfy the demand for drinking and other consumable purposes within the house. Furthermore, the smart home trend and environmental building practices are gaining traction and contributing to accelerating demand for energy efficiency and environmental sustainability in plumbing solutions.
Plastic hot and cold pipe for residential use is primarily used because of their reliability, cost-effectiveness, durability, and corrosion resistance features. The integration of flourishing residential construction sector, excellent performance characteristics of plastic pipes, and the ever-increasing demand for sustainable material is an important factor driving strong market growth in the present scenario. Ongoing residential construction expansion, encourages the demand for low-cost and fast installation plumbing, further pushing the market for plastic hot and cold pipe.
The major end users such as residential, commercial (malls and shopping complexes, hospitals, and office spaces), and industrial sectors (power generation, oil & gas, and automotive industries) are expected to drive the plastic hot and cold pipe market in Asia Pacific . The region is experiencing rapid development fuelled by the growth of major economies such as China , India , South Korea , Japan , Indonesia , and Australia . Asia Pacific has emerged as a global hub for manufacturing activities, with virtually every industry experiencing growth.
Some of the major players across the globe in the are Georg Fischer Ltd. ( Switzerland ), Genuit Group (UK), Wienerberger ( Austria ), Advanced Drainage Systems (US), Aliaxis ( Belgium ), RWC. ( Australia ), RIFENG Enterprise Group Co., Ltd. ( China ), supreme.co.in ( India ), Chevron Philips Chemical Company LLC. (US), REHAU ( Switzerland ).
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