North America Plastic Pipes Market
The North America plastic pipes market was valued at US$ 12,500.42 million in 2023 and is projected to reach US$ 19,460.32 million by 2031; it is anticipated to register a CAGR of 5.7% from 2023 to 2031. Growing Residential and Commercial Construction Activities Drives North America Plastic Pipes Market
The housing market growth is attributed to factors such as population increase, urbanization, and favorable economic conditions. According to Redfin, the number of houses sold in January 2024 was 284,121, 1.8% higher than the number sold in January 2023 in the US. Residential construction is a crucial component of the private sector. It witnessed a noteworthy increase to a seasonally adjusted annual rate of US$ 856.3 billion in June 2023, marking a 0.9% rise from the revised May estimate of US$ 848.6 billion. In March 2023, the government launched the Housing Accelerator Fund worth US$ 2.96 billion to aid in the building of at least 100,000 homes across Canada. According to the US Census Bureau, in November 2023, the number of privately-owned houses (at a seasonally adjusted annual rate) was 1.56 million units, a rise of 9.3% compared to 1.43 million units in November 2022.
Monthly New Residential Construction in the Us (2022-2023)
Strategic insights for the North America Plastic Pipes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Plastic Pipes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report North America Plastic Pipes Strategic Insights
Get more information on this report North America Plastic Pipes Report Scope
Report Attribute
Details
Market size in 2023
US$ 12,500.42 Million
Market Size by 2031
US$ 19,460.32 Million
Global CAGR (2023 - 2031)
5.7%
Historical Data
2021-2023
Forecast period
2025-2031
Segments Covered
By Type
By Material Type
By Application
By End-Use Industry
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Plastic Pipes Regional Insights
Get more information on this report
Source: The US Census Bureau and the US Department of Housing and Urban Development, 2023
According to a report released by the US Census Bureau, the value of total construction (private and public) investment in 2023 was US$ 1,978.7 billion, a 7% increase from investments of US$ 1,848.7 billion in 2022. Plastic pipes are extensively used in construction applications due to their versatility, durability, and cost-effectiveness. PVC, PEX, and HDPE are preferred materials due to their ease of installation and long lifespan. In commercial construction, plastic pipes are used in water supply, plumbing, HVAC systems, and fire suppression systems. Plastic pipes are used in residential plumbing for both hot and cold-water lines. Therefore, the growing residential and commercial construction activities drive the North America plastic pipes market.North America Plastic Pipes Market Overview
North America has a massive network of inter and intrastate pipelines that serve an important role in transporting water, hazardous liquids, and raw materials. According to the Pipeline and Hazardous Materials Safety Administration, in North America, approximately 2.6 million miles of pipelines deliver hundreds of billions of tons of liquid petroleum products and trillions of cubic feet of natural gas yearly. Per the Canada Energy Regulator, most of the crude oil produced in Canada is shipped using pipelines from western provinces to refineries in the US, Ontario, and Quebec. In North America, the oil & gas industry requires higher-pressure rated and larger diameter piping to control challenges related to corrosion caused by contamination of water with salt, sulfur, and other corrosive elements in produced fluid lines. The flame retardant and non-corrosive characteristics of plastic composite pipes provide an effective solution for these issues. Thus, with the growing oil & gas production, the demand for plastic pipes is rising in North America. Countries such as the US and Canada use pipelines to transport crude oil to refineries in the region, as other transport mediums, such as rail, are more expensive than pipelines and tankers.
North America Plastic Pipes Market Revenue and Forecast to 2031 (US$ Million)
Strategic insights for the North America Plastic Pipes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Plastic Pipes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Get more information on this report North America Plastic Pipes Strategic Insights
Get more information on this report North America Plastic Pipes Report Scope
Report Attribute
Details
Market size in 2023
US$ 12,500.42 Million
Market Size by 2031
US$ 19,460.32 Million
Global CAGR (2023 - 2031)
5.7%
Historical Data
2021-2023
Forecast period
2025-2031
Segments Covered
By Type
By Material Type
By Application
By End-Use Industry
Regions and Countries Covered
North America
Market leaders and key company profiles
Get more information on this report North America Plastic Pipes Regional Insights
Get more information on this report
North America Plastic Pipes Market Segmentation
The North America plastic pipes market is categorized into type, material type, application, end-use industry, and country.
Based on type, the North America plastic pipes market is bifurcated into corrugated and smooth wall. The smooth wall segment held a larger market share in 2023.
By material type, the North America plastic pipes market is divided into polyvinyl chloride, high-density polyethylene, polypropylene, and others. The polyvinyl chloride segment held the largest market share in 2023.
In terms of application, the North America plastic pipes market is segmented into water supply, sewage and drainage, irrigation, gas distribution, and others. The water supply segment held the largest market share in 2023.
Based on end-use industry, the North America plastic pipes market is segmented into construction and infrastructure, water and wastewater management, oil and gas, and others. The construction and infrastructure segment held a larger market share in 2023.
By country, the North America plastic pipes market is segmented into the US, Canada, and Mexico. The US dominated the North America plastic pipes market share in 2023.
Advanced Drainage Systems Inc; Aliaxis Holdings SA; Genuit Group Plc; Georg Fischer Ltd; Jm Eagle, Inc.; Orbia; and Sekisui Chemical Co Ltd are some of the leading companies operating in the North America plastic pipes market.
The North America Plastic Pipes Market is valued at US$ 12,500.42 Million in 2023, it is projected to reach US$ 19,460.32 Million by 2031.
As per our report North America Plastic Pipes Market, the market size is valued at US$ 12,500.42 Million in 2023, projecting it to reach US$ 19,460.32 Million by 2031. This translates to a CAGR of approximately 5.7% during the forecast period.
The North America Plastic Pipes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Plastic Pipes Market report:
The North America Plastic Pipes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Plastic Pipes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Plastic Pipes Market value chain can benefit from the information contained in a comprehensive market report.
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