【Abstract—Europe PVC Pipes Market 2018-2023】
DUBLIN, July 23, 2018 ，PRNewswire
The "Europe PVC Pipes Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.The European PVC Pipes market reached a volume of around 5 Million Tons in 2017.
One of the primary factors catalysing the growth of the European PVC pipes market is growth in the construction sector. The construction sector in the European region is growing at a steady rate as the market has recovered after the economic downturn. Both public and private infrastructure and construction projects have resumed and are catalysing the demand for PVC pipes.
In addition, there is a major drive in Europe towards sustainable transformation related to materials and systems used in the plumbing sector in the past few years. Copper and other metal pipes are being replaced by plastic piping systems. Moreover, focus on the reduction of operating costs have also boosted the plumbing sector, which has generated a great prospect for PVC pipes as they offer huge performance benefits over metal pipes.
Strong economic growth in a number of Central and Eastern European countries and rising housing demand in the region is another major driver of the market.
Looking forward, the market volume is projected to reach 6.5 Million Tons by 2023, registering a CAGR of 4.6% during 2018-2023.
Based on type, the market has been segmented as rigid and flexible PVC pipes. Currently, rigid PVC pipes dominate the market, holding the majority of the market share.
On the basis of application, sewerage and drainage represent the largest segment, followed by the gas supply and industrial applications.
On assessing the import and export scenario of the region, it is found that France and Italy are the biggest importer and exporter of PVC pipes, respectively.