PVC PIPES MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Government initiatives for upgrading ageing water infrastructure are playing a major role in driving the growth of the global PVC pipes market. Many countries around the world have recognized the importance of modernizing their water supply systems as the existing infrastructure in many cities is old and prone to leakage. This is placing a huge strain on valuable water resources. For example, in the United States, the American Society of Civil Engineers estimates that drinking water infrastructure needs USD 105 billion investment over next 20 years just for pipeline rehabilitation and replacement. In India as well, the government has launched the 'Jal Jeevan Mission' with an outlay of USD 50 billion by 2024 to provide functional household tap connections to all rural households. Similar massive investment plans have been unveiled in European countries and China as well to replace old transmission pipelines and connect more households. This substantial public expenditure on water infrastructure modernization has been a boon for the PVC pipes industry. As PVC pipes are widely used for transporting potable water due to their durability, safety and affordability. Various government projects involve installing kilometers of PVC pipelines for water distribution systems both in urban and rural areas.