High Demand of PVC Pipes in Construction of Residential and Commercial Spaces Coupled With Enhanced Usage of PVC Pipes in The Energy Sector are the key factors driving growth in Japan PVC Pipe and Fittings Market.
Japan’s PVC pipes and fittings market witnessed majority of the demand for PVC pipes from sewerage pipe applications such as the drain pipe and the sewage pipe, due to its excellent features including superior strength, durability, corrosion resistance, low price and workability. In Japan, PVC pipes are majorly used in construction sectors, in flat-type residential buildings and industrial areas. More than 95% of the filthy water, miscellaneous drain water and rain water discharge in Japan is done through PVC pipes. The major growth drivers for this market were huge focus towards construction and infrastructural developments, high demand for repair and replacement of ageing pipelines, high demand in sewerage and water infrastructure sector and recycling of waste PVC pipes and fittings.
It was witnessed that PVC pipes and fittings market was dominated by domestic manufacturers and major organized players. Cost effectiveness in installation of PVC pipes, low maintenance cost and replacement of aging pipes derived market growth in Japan PVC pipes and fittings market. Japan is known for 100% water supply infrastructure and 100% improved sanitation infrastructure. Thus, it was witnessed that around 15% of the revenue in PVC pipe industry was generated from sewerage sector which resulted in high demand of PVC pipes from water and sewerage sectors. Demand for PVC pipe is expected to witness enhanced growth trajectory owing to discharge of End-of-Service Life PVC pipes in the country in upcoming years.
The report titled “Japan PVC Pipe and Fittings Market by type of pipes (Chlorinated PVC Pipe, Regular PVC Pipe, Plasticized PVC Pipe and Fittings), by application (Construction, Sewerage, Water Supply, Agriculture, Cable Protection) – Outlook to 2022”by Ken Research suggested that growing focus on construction and residential sectors, investment in water supply network and improvement in PVC pipe image owing to their recyclable nature will result in market growth at a positive CAGR in revenues in Japan PVC pipes and fittings market in next 5 years till 2022.
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Ankur Gupta, Head Marketing & Communications