At 5.4% CAGR, Europe Plastic Pipes Market is Projected to be Worth US$ 21,229.74 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe plastic pipes market was valued at US$ 13,900.26 million in 2023 and is expected to reach US$ 21,229.74 million by 2031, registering a CAGR of 5.4% from 2023 to 2031. Innovations in plastic pipe formulation & production processes and growing residential and commercial construction activities are among the critical factors attributed to drive the Europe plastic pipes market growth.

The plastic pipes market is witnessing several innovations in plastic formulations and production processes. These advancements are aimed at improving the performance, sustainability, and cost-efficiency of plastic pipes. The recent developments in technology and material science have paved the way for nanotechnology, integration of smart sensors, and additive manufacturing in the plastic pipes market. The integration of nanotechnology in plastic pipe manufacturing involves the utilization of nanocomposites for the improvement of the mechanical properties of materials. Researches are aimed at exploring the potential for incorporating nanomaterials in PVC pipes to improve their properties while preserving their inherent characteristics. This application of nanotechnology represents advancement as it addresses critical performance aspects of plastic pipes and diversifies their applications. The integration of smart sensors in plastic pipes enables real-time monitoring and facilitates continuous data collection on major factors such as pressure and flow rates within the pipes. The advanced data analytics platforms utilized for real-time information provide data insights, thereby aiding in predictive maintenance strategies. The integration of smart sensors also helps in improving the overall efficiency of piping systems by minimizing the risk of operational failures through data analysis. The adoption of additive manufacturing in the plastic pipe industry offers the capability to produce custom pipes with unprecedented precision and intricate designs. The incorporation of additives and UV stabilizers in pipe formulations can improve their properties and enhance pipe resilience in extreme weather conditions. Adding UV stabilizers to pipes enhances their structural integrity under varying weather stresses. Thus, innovations in pipe formulations and production processes are expected to create lucrative opportunities in the plastic pipes market during the forecast period.

On the contrary, fluctuations in raw material prices hamper the growth of Europe plastic pipes market .

Based on type, the Europe plastic pipes market is bifurcated into corrugated and smooth wall. The smooth wall segment held 80.3% market share in 2023, amassing US$ 11,166.89 million. It is projected to garner US$ 17,196.61 million by 2031 to register 5.5% CAGR during 2023–2031.

By material type, the Europe plastic pipes market is divided into polyvinyl chloride, high-density polyethylene, polypropylene, and others. The polyvinyl chloride segment held 55.7% share of Europe plastic pipes market in 2023, amassing US$ 7,741.12 million. It is anticipated to garner US$ 11,899.38 million by 2031 to expand at 5.5% CAGR during 2023–2031.

In the terms of application, the Europe plastic pipes market is segmented into water supply, sewage and drainage, irrigation, gas distribution, and others. The water supply segment held 36.3% share of Europe plastic pipes market in 2023, amassing US$ 5,042.14 million. It is anticipated to garner US$ 7,417.76 million by 2031 to expand at 4.9% CAGR during 2023–2031.

Based on end-use industry, the Europe plastic pipes market is segmented into construction and infrastructure, water and wastewater management, oil and gas, and others. The construction and infrastructure segment held 38.3% share of Europe plastic pipes market in 2023, amassing US$ 5,321.46 million. It is anticipated to garner US$ 8,119.73 million by 2031 to expand at 5.4% CAGR during 2023–2031.

Based on country, the Europe plastic pipes market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 27.1% share of Europe plastic pipes market in 2023. It was assessed at US$ 3,770.97 million in 2023 and is likely to hit US$ 5,543.48 million by 2031, registering a CAGR of 4.9% during 2023–2031.

Key players operating in the Europe plastic pipes market are Advanced Drainage Systems Inc, Aliaxis Holdings SA, Genuit Group Plc, Georg Fischer Ltd, LUNA PLAST, Orbia, Reboca, Sekisui Chemical Co Ltd, Vasen Europe, and Wienerberger AG, among others.

• July 2022; Uponor IQ Blue is a new generation of stormwater pipes that reduce the carbon footprint by up to 70% over their lifetime. The reduction is achieved owing to its composition of over 50% of raw material from certified renewable feedstock.

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