What Is The Size Of Australia Plastic Pipes Industry?
Australia Plastic Pipes Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach AUD ~ Bn by 2027F.
The Australia Plastic Pipes Market is largely driven by expansion of the infrastructure, government initiatives, high demand, and more awareness.
PVC pipes have gained popularity across continent owing to their favorable properties such as light-weight, cost-effectiveness, easy installation and durability. Apart from this, their excellent heat and electrical insulation properties have led to their usage in electrical fittings. These pipes do no rot, wear or rust over time and can withstand rigorous shaking and extreme movement in earthquake-prone zones. Owing to these factors, PVC pipes are continuously replacing other piping materials.
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Also, the primary driving factors in the market is the growing use of PVC pipes in the construction industry for applications such as water supply, housing and commercial, sewage and drainage, and irrigation. Furthermore, an increase in demand for PVC pipes in variety of applications such as chemical handling, building infrastructure, PVC molded material, as well as the good physical qualities such as durability, mechanical stability, chemical resistance, mouldability of such pipes, drives rising demand for PVC pipes.
Australia Plastic Pipes Market By End-User Application
The Australia Plastic Pipes market is segmented by end-user application into plumbing and civil, agriculture, mining and industrial, telecom and electrical and others.
Plumbing and civil application has comparatively higher market share in 2022 due to large scale of real estate construction undertaken by the private sector in Australia.
Mining, Chemical and Oil sectors are widely present in Australia owing to which, these industries contributed a significant share in the demand for plastic pipes and fittings in the country. Other applications include transfer of gas, HVAC, and other related industries.
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Australia Plastic Pipes Market By Type Of Pipes
The Australia Plastic Pipes market is segmented by types of pipes into PVC, Polyethylene and others. PE pipes had the largest market share. PVC pipes had second biggest market share as these types of pipes are less costly compared to PE pipes and are widely used in various sectors such as water pipelines and sewage pipelines. It has been witnessed that PVC has been mainly substituted by PE pipes in various application, which resulted in PE pipes gaining significant market share in the overall market.
Australia Plastic Pipes Market By Type Of Market Structure
The Australia Plastic Pipes market is segmented by types of market structure into organized and unorganized market.
Australia Plastic Pipes has higher share of organized market players in 2022 as there are few top players in the market which holds most of the market share.
Also, the organized companies have a strong market presence, a wide distribution network, and the ability to offer consistent quality products. They have also invested in research and development, innovation, and marketing efforts to maintain their competitive edge.
In contrast, the unorganized market segment consists of smaller, local players with limited resources and less stringent adherence to industry standards. They also face challenges in terms of product quality, distribution capabilities, and branding.
Competition Scenario In Australia Plastic Pipes Market
Australia Plastic Pipes Market is at growing stage and has consolidated market. Top three players which include Iplex Pipelines, Vinidex and Pipemakers.
Iplex Pipelines, Australia is the biggest manufacturer of plastic pipes and fittings in the country. It is followed by Vinidex and Pipemakers. The manufacturers compete more on the basis of quality of the products and product availability in the wholesale and retail outlets and product customization at the time of bulk orders and price.
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What Is The Expected Future Outlook For The Overall Australia Plastic Pipes Market?
The Australia Plastic Pipes market was valued at AUD ~billion in 2022 and is anticipated to reach AUD ~billion by the end of 2027F, witnessing a CAGR of ~% during the forecast period 2022-2027F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Australia Plastic Pipes market is driven by rising awareness, rapid urbanization and domestic manufacturing, antimicrobial additives for plastic pipes. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
Also, the plastic pipes and shapes market are expected to benefit from the rising awareness of advantages of plastic pipes and fittings over their substitutes. Plastic pipes and fittings are lighter in weight and cheaper than traditionally used metal pipes, and they do not rust or corrode. Plastic pipes also have insulative properties, which prevent the forming of condensation on pipes carrying cold water and decrease the heat loss in pipes carrying hot water. Other benefits of plastic pipes include quick installation times and long service life. The installation time for a PVC pipe was around 30% faster than a concrete pipe of the same size. These factors are likely to boost the demand for plastic pipes and shapes and drive the market going forward.
Additionally, with this large and growing population, the demand for expansion of infrastructure and the construction of new building is also rising as more people are moving from rural to Urban cities. This is creating demand for infrastructure such as water supply and drainage system, gas supply system and sewage treatment plants etc., thus fueling the growth in plastic pipe industry of Australia.
Furthermore, The Australian government effort to promote housing industrialization will also contribute to the growth of plastic pipe industry as plastic pipe are often used in these projects because of their lightweight, corrosion resistance and ease of installation.
For More Insights On Market Intelligence, Refer To The Link Below: –
Australia Plastic Pipe Market Outlook to 2027F
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