The Worldwide Plastic Hot & Cold Pipe Industry is Projected to Reach $8.7 Billion by 2027

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Jul 21, 2022, 15:45 ET

DUBLIN, July 21, 2022 /PRNewswire/ -- The "Global Plastic Hot & Cold Pipe Market by Raw Material (PEX, PE-RT, PPR, C-PVC, and PB), Application (Water Plumbing Pipes, Radiator Connection Pipes and Underfloor Surface Heating & Cooling), End User & Region - Trends & Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The plastic hot and cold pipe market is projected to reach USD 8.7 billion by 2027 from an estimated USD 6.5 billion in 2022, at a CAGR of 5.9% during the forecast period.

The global plastic hot and cold pipe market has a promising growth potential driven primarily by factors such as the government support and incentives for adoption of underfloor heating systems, and these pipes are corrosion resistant, easy to install and cost efficient compared to metal pipes.

Plastic hot and cold pipes are made of different raw materials like cross-linked polyethylene (PEX), polyethylene- raised temperature (PE-RT), polypropylene random copolymer (PPR), chlorinated poly vinyl chloride (C-PVC) and polybutylene (PB). While steel, cast iron, and copper are all excellent pipe materials that are still in use, plastic hot and cold pipe has several advantages that they do not.

One of the most significant advantages is that plastic is simple to cut and form into any shape or size required, even on the jobsite, reducing the amount of labor required to install them. other advantages of plastic pipes are as follows, non-reactive, corrosion resistance, low heat conductivity, color-coded and marked. There several government policies for adoption of underfloor heating and cooling systems.

For instance, the UK government has implanted a zero-carbon home standard, under which it is planning to have zero carbon emissions. With this, the government is motivating people to install renewable source-based systems for heating and cooling and giving tax benefits for the people installing such systems. This would encourage the owners of residential, commercial, and industrial buildings to install energy-efficient underfloor heating systems.

The cross-linked polyethylene (PEX) segment, by raw material, is expected to be the fastest growing market from 2022 to 2027

The by raw material segment is categorized into cross-linked polyethylene (PEX), polyethylene-raised temperature (PE-RT), polypropylene random copolymer (PPR), chlorinated polyvinyl chloride (C-PVC) and polybutylene (PB). The cross-linked polyethylene (PEX) segment held the largest share of the plastic hot and cold pipe market and is expected to grow at the fastest CAGR. PEX is a flexible polyethylene polymer with a medium to high density.

PEX piping has been utilised for decades in hot- and cold-water distribution systems, as well as hydronic radiant heating. PEX pipes are also resistance to failure by freezing, and resistance to chemical attack when in contact with other products containing chemicals. Therefore, following factors to create demand for PEX pipes These advantages will fuel the fast growth of cross-linked polyethylene (PEX) segment in the near future.

The water plumbing pipes segment, by application, is expected to be the largest market from 2022 to 2027

The water plumbing pipes segment held the largest market share of the plastic hot and cold pipe market in 2021. The water plumbing pipes find applications in residential sector, commercial sector such as malls & shopping complexes, hospitals, office spaces and industrial sector like oil & gas, power generation, chemicals & petrochemicals and others.

The construction industry is expected to be a major driver of global economic development and recovery following COVID-19. Due to growth in construction industry there is increasing demand for residential properties and eventually demand for plastic hot and cold pipes for water plumbing. The growth of this segment, hence, can be attributed to the high demand for plastic hot and cold pipes in residential, commercial, and industrial sectors.

Asia Pacific: The largest and the fastest growing region in the plastic hot and cold pipe market

Asia Pacific is expected to dominate the global plastic hot and cold pipe market, and is expected to grow at the highest CAGR between 2022 - 2027. Growth in construction is also high in Emerging Asia, with average annual growth over 5% to 2030. Growth in China and India as well the Association of Southeast Asian Nations (ASEAN) economies will provide plenty of support. The major end users for plastic hot and cold pipe in the Asia Pacific region includes residential, commercial (malls & shopping complexes, hospitals, office spaces) and industrial (power generation, oil & gas, chemicals & petrochemicals) industries.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Plastic Hot and Cold Pipe Market
4.2 Market, by Region
4.3 Asia-Pacific: Market, by End-user and Country, 2021
4.4 Market, by Raw Material
4.5 Market, by Application
4.6 Market, by End-user

5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
5.3 COVID-19 Economic Assessment
5.4 Road to Recovery
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Corrosion Resistance Feature and Ease of Installation Benefit of Plastic Hot and Cold Pipes
5.5.1.2 More Cost-Efficient Than Metal Pipes
5.5.1.3 Government Support and Incentives for Adoption of Underfloor Heating Systems
5.5.2 Restraints
5.5.2.1 Lower Temperature Resistance of Plastic Hot and Cold Pipes Than Metal Plumbing and Fitting Pipes
5.5.2.2 Restriction on Polybutylene (Pb) Piping System Usage in North America
5.5.3 Opportunities
5.5.3.1 Development of Advanced Piping Systems and Methods to Detect Leaks
5.5.3.2 Expansion of Construction Industry
5.5.4 Challenges
5.5.4.1 Susceptibility of C-Pvc Pipes to Degradation and Breakdown When Exposed to Hot Outdoor Conditions
5.5.4.2 Fluctuation in Raw Material Prices
5.6 COVID-19 Impact
5.7 Trends/Disruptions Impacting Customers' Businesses
5.7.1 Revenue Shift and New Revenue Pockets for Plastic Hot and Cold Pipe Providers
5.8 Market Map
5.9 Value Chain Analysis
5.10 Technology Analysis
5.11 Pricing Analysis
5.12 Key Conferences & Events to be Held During 2022-2024
5.13 Tariffs, Codes, and Regulations
5.14 Trade Analysis
5.15 Innovations and Patent Registrations
5.16 Porter's Five Forces Analysis
5.17 Key Stakeholders & Buying Criteria
5.17.1 Key Stakeholders in Buying Process
5.18 Buying Criteria
5.19 Case Study Analysis
5.19.1 Fairfield Inn & Suites at Harrisburg International Airport Deployed Rehau Pexa Plumbing Systems
5.19.2 Plumber Chose Sharkbite's Evopex Push-To-Connect Plumbing Technology
5.19.3 Saudi Bin Laden Group Chose Flowguard Piping Systems for Its New Project

6 Plastic Hot and Cold Pipe Market, by Raw Material
6.1 Introduction
6.2 Cross-Linked Polyethylene (Pex)
6.2.1 Flexibility of Cross-Linked Polyethylene (Pex) Pipes for Plumbing and Radiant Floor Heating to Fuel Demand
6.3 Polyethylene-Raised Temperature (Pe-Rt)
6.3.1 High Temperature Resistance and Excellent Performance to Drive Demand for Polyethylene-Raised Temperature (Pe-Rt) Pipes
6.4 Polypropylene Random Copolymer (Ppr)
6.4.1 Low Water Flow Resistance and High Heat Preservation Features to Fuel Demand for Polypropylene Random Copolymer (Ppr) Pipes
6.5 Chlorinated Polyvinyl Chloride (C-Pvc)
6.5.1 Growing Demand for Corrosion-Resistant Pipes with Long-Term Durability to Drive Market Growth
6.6 Polybutylene (Pb)
6.6.1 Growing Use of Polybutylene (Pb) Pipes in Europe and Asia-Pacific to Fuel Market Growth

7 Plastic Hot and Cold Pipe Market, by Application
7.1 Introduction
7.2 Water Plumbing Pipe
7.2.1 Expanding Residential Sector to Fuel Demand for Water Plumbing Pipes
7.3 Radiator Connection Pipe
7.3.1 Lightweight and Cost-Effective Features to Fuel Demand for Plastic Hot and Cold Pipes
7.4 Underfloor Surface Heating and Cooling
7.4.1 Technological Advancements to Drive Growth of Underfloor Surface Heating and Cooling Market

8 Plastic Hot and Cold Pipe Market, by End-user
8.1 Introduction
8.2 Residential
8.2.1 Rising Residential Construction Activities to Fuel Demand for Plastic Hot and Cold Pipes
8.3 Commercial
8.3.1 Increasing Commercial Construction Activities to Fuel Demand for Plastic Hot and Cold Pipes
8.4 Industrial
8.4.1 Expanding Chemical & Petrochemical Industry to Drive Demand for Plastic Hot and Cold Pipes

9 Plastic Hot and Cold Pipe Market, by Region

10 Competitive Landscape
10.1 Key Players Strategies
10.2 Market Share Analysis of Top Five Players
10.3 Revenue Analysis of Top Five Market Players
10.4 Company Evaluation Quadrant
10.4.1 Star
10.4.2 Pervasive
10.4.3 Emerging Leader
10.4.4 Participant
10.5 Start-Up/Sme Evaluation Quadrant, 2021
10.5.1 Progressive Company
10.5.2 Responsive Company
10.5.3 Dynamic Company
10.5.4 Starting Block
10.5.5 Competitive Benchmarking
10.6 Market: Company Footprint
10.7 Competitive Scenario

11 Company Profiles
11.1 Introduction
11.2 Key Players
11.2.1 Georg Fischer Ltd.
11.2.2 Wienerberger
11.2.3 Aliaxis
11.2.4 Uponor
11.2.5 Genuit Group
11.2.6 Truflo
11.2.7 Reliance Worldwide Corporation (Rwc)
11.2.8 Supreme
11.2.9 Astral Pipes
11.2.10 Chevron Philips
11.2.11 Wavin Asia
11.2.12 Hewing GmbH
11.2.13 Rifeng
11.2.14 Elysee
11.2.15 Sioux Chief
11.3 Other Players
11.3.1 Vectus
11.3.2 Feraplas
11.3.3 Rosturplast
11.3.4 Mrpex Systems
11.3.5 Ppg (Popular Pipes Group)
11.4 List Of Additional Players as Market is Fragmented