According to a new report published by Allied Market Research titled, "PVC Pipe Market, by Material, Type and Application: Global Opportunity Analysis and Industry Forecast, 2022-2031" The PVC pipe market was valued at $6.3 billion in 2021, and is projected to reach $12.1 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

Increase in government incentives in water and wastewater treatment is driving the demand for PVC pipes and availability of alternatives like high density polyethylene (HDPE) and toxicity during PVC pipe manufacturing is hindering the market growth. Increase in demand from developing countries is expected to provide lucrative opportunities for the PVC pipe market growth.

PVC pipes are widely utilized in the construction of water mains, sewage pipes, and irrigation systems. PVC pipes are sturdy, resilient, lightweight, and easily recycled, making them both cost-effective and environmentally friendly. PVC pipes have a smooth surface that supports faster water flow, due to lower friction than pipe constructed of other materials like cast iron or concrete. PVC pipes can be made in a variety of lengths, wall thicknesses, and diameters to meet international sizing requirements like DIN 8061, ASTM F441, and ASTM D1785.