Lucintel Forecasts Chinese Plastic Pipe Market To Reach $54 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the Chinese plastic pipe market is projected to reach an estimated $54 billion by 2030 from $37 billion in 2023, at a CAGR of 4.9% from 2024 to 2030. Growth in this market is primarily driven by the increased government spending on infrastructure, residential, and commercial construction, increased industrial production, growth of the irrigation sector, and replacement of aging pipes.
Browse 62 figures/charts and 26 tables in this 145-page report to understand trends, opportunities and forecast in Chinese plastic pipe market by material (PVC, PE, PP, and other pipes) and application (potable water supply, wastewater supply, electrical and telecommunication cable protection pipes, agriculture sector, chemical sector, and oil and gas sector).
Lucintel forecasts that potable water supply will be the largest application segment mainly due to increasing construction activities, rural water management, and renovation in homes for replacement of old metal pipes with plastic pipes.
Within the Chinese plastic pipe market, PVC, PE, PP, and other pipes are the major material segments. PVC ...
... pipes will be the largest material segment over the forecast period driven by increasing construction activities, leading to high demand for PVC pipes. Also, increasing demand in potable water pipes, drainage and sewage supply, irrigation water supply, and others will augment the demand for PVC pipes.
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CHINA LESSO Group Holdings Limited, Yonggao Co. Ltd., Zhejiang Weixing New Building Materials Co. Ltd., Goody Science and Material Co. Ltd., and Cangzhou Mingzhu Plastic Co. Ltd. are the major suppliers in the Chinese plastic pipe providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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