At 4.9% CAGR, South & Central America Plastic Pipes Market is Projected to be Worth US$ 3,641.81 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the South & Central America plastic pipes market was valued at US$ 2,479.15 million in 2023 and is expected to reach US$ 3,641.81 million by 2031, registering a CAGR of 4.9% from 2023 to 2031. Use of sustainable materials in plastic pipe manufacturing and growing residential & commercial construction activities are among the critical factors attributed to drive the South & Central America plastic pipes market growth.

Sustainable and eco-friendly materials are the subject of extensive research in various fields, fueled by their increasing utilization in commercial applications. The easy availability of natural raw materials for the production of eco-friendly polymers is an added factor boosting their supply and demand. Further, due to the rising concerns and awareness about the social and environmental impacts of synthesized chemicals, customers are shifting toward the utilization of sustainably manufactured plastic pipes. Stringent government regulations on the use of toxic chemicals across the globe have encouraged many market players to develop nontoxic alternatives and green products, aiding global sustainability goals. The global transition toward sustainability and circular economy leads to increased research and development activities associated with plastic pipes.

In response to growing environmental concerns, PVC pipe manufacturers are exploring innovative formulations integrating bio-based plasticizers and stabilizers, such as Bio-PVC, aiming to decrease reliance on conventional additives. For instance, in June 2024, Hanwha designed a bio-attributed PVC by integrating biomaterials into its PVC production. This development highlights the commitment of market players to reduce ecological impact and foster an eco-friendly and socially responsible approach to PVC pipe production. In addition, the key market players are adopting closed-loop recycling technologies to recycle PVC and PE. This strategic closed-loop recycling technology addresses environmental concerns associated with plastic disposal and determines a commitment to circular economy principles. Thus, the use of sustainable materials in plastic pipe manufacturing is expected to become a significant trend in the plastic pipes market during the forecast period.

On the flip side, fluctuations in raw material prices hamper the growth of South & Central America plastic pipes market .

Based on type, the South & Central America plastic pipes market is bifurcated into corrugated and smooth wall. The smooth wall segment held 80.0% market share in 2023, amassing US$ 1,983.11 million. It is projected to garner US$ 2,937.83 million by 2031 to register 5.0% CAGR during 2023–2031.

By material type, the South & Central America plastic pipes market is divided into polyvinyl chloride, high-density polyethylene, polypropylene, and others. The polyvinyl chloride segment held 59.2% share of South & Central America plastic pipes market in 2023, amassing US$ 1,467.20 million. It is anticipated to garner US$ 2,166.98 million by 2031 to expand at 5.0% CAGR during 2023–2031.

In the terms of application, the South & Central America plastic pipes market is segmented into water supply, sewage and drainage, irrigation, gas distribution, and others. The water supply segment held 36.6% share of South & Central America plastic pipes market in 2023, amassing US$ 906.16 million. It is anticipated to garner US$ 1,280.92 million by 2031 to expand at 4.4% CAGR during 2023–2031.

Based on end-use industry, the South & Central America plastic pipes market is segmented into construction and infrastructure, water and wastewater management, oil and gas, and others. The construction and infrastructure segment held 40.5% share of South & Central America plastic pipes market in 2023, amassing US$ 1,003.61 million. It is anticipated to garner US$ 1,471.59 million by 2031 to expand at 4.9% CAGR during 2023–2031.

Based on country, the South & Central America plastic pipes market is categorized Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 58.6% share of South & Central America plastic pipes market in 2023. It was assessed at US$ 1,453.71 million in 2023 and is likely to hit US$ 2,199.86 million by 2031, registering a CAGR of 5.3% during 2023–2031.

Key players operating in the South & Central America plastic pipes market are Aliaxis Holdings SA, Georg Fischer Ltd, Advanced Drainage Systems Inc, Reboca, and Sekisui Chemical Co Ltd, 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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