Frequently Asked Questions
The global plastic hot & cold pipe market was valued at USD 6.1 Billion in 2022.
The plastic hot & cold pipe market is anticipated to grow at a CAGR of 6.2% between 2023 and 2030, reaching USD 9.29 Billion in 2030.
Cross-linked polyethylene (PEX) is the leading segment by raw material, holding over 35% share in terms of value in 2022.
The water plumbing pipes segment governs the demand for plastic hot & cold pipes worldwide, holding a massive share of over 38% in 2022.
The commercial segment will post the highest CAGR during the forecast period.
North America is fuelling the rapid growth of the plastic hot & cold pipe industry, with an over one-third share in 2022.
The top market players include Wienerberger, Truflo, Supreme, and Astral Pipes. Other major players include Chevron Philips, Georg Fischer Ltd, Genuit Group, and Vectus.
The expanding construction sector, growing awareness of the benefits of plastic pipes, and a focus on sustainable construction practices are the primary market drivers of the plastic hot & cold pipe industry.
The major market restraints of the plastic hot & cold pipe industry include price volatility of raw materials and environmental concerns related to plastic waste management.
The major market opportunities in the plastic hot & cold pipe industry lie in emerging economies, advancements in manufacturing technologies, and the increasing demand for eco-friendly and recyclable piping solutions.