High Demand of PVC pipes in agriculture and sewerage sectors coupled with increasing prominence of PVCO pipes in the country were the key factors driving growth in Australia PVC Pipe and Fittings Market.
PVC pipes have been used for infrastructure development in Australia for more than 50 years in both pressure and non-pressure applications. PVC is the best performing pressure water pipe system in the country and it is most commonly used in water applications such as sewer and drainage pipe systems. PVC pipes’ resistance to the corrosive effects of the soil they are buried in, and the effects of the water and wastewater transported through PVC pipes are key elements to their success. Additionally, high durability of PVC pipes, light weight, low maintenance and easy installation have been major growth drivers of PVC pipes and fittings market in Australia.
It has been witnessed that PVC pipes and fittings market is dominated by domestic manufacturers and major organized players with huge exports and imports from foreign countries. Australia PVC pipe market has witnessed major competition from low prices Asian PVC pipes which resulted in implication of anti dumping duty for various countries, to aid the domestic manufacturers. Moreover, the demand for PVC pipe is expected to witness enhanced growth trajectory owing to government’s initiative of reusing and recycling of End-of-Service Life PVC pipes in the country in upcoming years.
The report titled “Australia PVC Pipe and Fittings Market by type of pipes (Chlorinated PVC Pipe, Regular PVC Pipe, Plasticized PVC Pipe and Fittings), by Application (Irrigation, Water Supply, Sewerage, Industrial Application, Wire & Cable and Others) and by market structure – Outlook to 2022”by Ken Research suggested that growing exports, investment in water infrastructure and recycling of aging pipelines will result in market growth at a positive CAGR in revenues in Australia PVC pipes and fittings market in next 5 years till 2022.
Ankur Gupta, Head Marketing