Global Polypropylene Pipes market will reach 12700 million US$ by the end of 2025
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Published Date: 2018/11/12
Polypropylene pipe is mainly made of PP resin. Polypropylene (PP) is the lightest weight piping material with very good chemical resistance, even to many organic solvents.
PP-R pipe is made of Polypropylene Random Copolymer, which is approved for the production of pipes according to DIN8078 standards, designed for the transportation of portable hot and cold water distribution system with a really long lifetime.
Presently, PP-R pipe is the most common one in the whole PP pipe family.
PP pipe and fittings have been widely used in household and commercial places. Among those applications, Hot and Cold Water Supply accounted for the largest share, which was 63.46% in 2016.
Compared with PVC pipe or PE pipe market, the PP pipe market is relative small and scattered. Many companies engaged in the industry are middle and small-sized, or the PP pipe business is just a small part in their whole business pattern. Global market of PP pipe was valued at 9831.77 million USD in the year of 2016, increasing from 8445.00 million USD of 2012, with the CAGR of 3.87%.
The global PP pipe consumption is mainly concentrated in China, Europe and North America for the time being. In 2016, the three regions contributed about 77.80% consumption share with the volume of 2919.7 K MT totally. Other regions, like Middle East, Latin America, also show promising demand.
The global Polypropylene Pipes market is valued at 10000 million US$ in 2017 and will reach 12700 million US$ by the end of 2025, growing at a CAGR of 3.0% during 2018-2025.
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