South-East Asia PVC Pipes Market - Forecast(2023 - 2028)

South-East Asia PVC Pipes Market size is forecast to reach $4.7 billion by 2025, after growing at a CAGR of 10.1% during 2020-2025. With rise in the growth of building and construction sector, the South-East Asia PVC Pipes Market is witnessing an increase in demand. Growing public interest to replace metal pipes with PVC pipe will further enhance the overall market demand for PVC Pipes during the forecast period. 

The report: “South-East Asia PVC Pipes Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the South-East Asia PVC Pipes Market.

By Type – RPVC, CPVC, UPVC, Others.

By Material – PVC Resin, Stabilizer, Plasticizer, Lubricant, Pigment Base, Filler, Others.

By Application – Plumbing (Water, Gas), Medical Gas, Water Supply, Sewers and Drainage, Casing Pipes, Others.

By End Use – Residential, Non-Residential, Industrial (Power Plants, Oil & Gas Industry, Chemical Industry, Other Industry), Agriculture, Others.

By Country – Indonesia, Malaysia, vietnam, Philippines, Singapore, Thailand, Others. 

RPCV segment holds the largest share in the South-East Asia PVC Pipes Market. Rigid PVC is a strong, stiff, low-cost plastic material that is easy to fabricate and easy to bond using adhesives or solvents. It is also easy to weld using thermoplastic welding equipment. Rigid Polyvinyl Chloride (RPVC) is a non-flammable material that is resistant to weathering. Home plumbing pipes are usually made of RPVC, owing to their high durability and top-class performance. RPVC does not function well when it comes in contact with stronger solvents such as esters, hydrocarbons, and chlorinated solvents. Excessive heat is also an issue for non-heat stabilized RPVC. With the proper additives, RPVC can be UV stabilized so that it withstands sunlight. According to the General Statistics Office of Vietnam (GSO), GDP from construction in Vietnam increased to 89659 VND Billion in the second quarter of 2020 from 35837 VND Billion in the first quarter of 2020.

PVC resin is the major material used in PVC pipes. Polyvinyl Chloride or PVC is a thermoplastic material derived from common salt and fossil fuels. Due to its versatile properties, such as lightweight, durable, low cost and easy processability, PVC is now replacing traditional building materials such as wood, metal, concrete, rubber, ceramics, and so on in several applications. According to the Federation of Indian Chambers of Commerce and Industry, roughly half of the world's PVC resin manufactured annually is used for producing pipes for municipal and industrial applications. PVC cannot be processed on its own due to its very low thermal stability and high melt viscosity. Therefore, it is necessary to combine with the PVC a number of suitable additives to give a wide and varied range of properties to satisfy many different end-use applications.

Sewers and Drainage is the primary market for South-east Asia PVC Pipes. PVC wastewater pipes are being extensively used for the purpose of sewers and drainage as they are lightweight and easy to use, they have high impact strength, are leak proof, and provide corrosion resistant property. In addition, in fluid flows, especially in the vertical line does not produce high levels of sound like the rigid pipes. PVC wastewater pipes are often produced according to the flammable UL94 American standard. It is mandatory for wastewater in Malaysia to be treated before being discharged into surface waters. Thus, the sewer Line construction industry has achieved better growth rates in the South-East Asian countries, owing to the stringent government regulations which aims at promoting the national policy objectives for the water supply services and sewerage services industry, by managing, and maintaining, of public sewerage system. All these government regulations will propel the PVC pipe market in the region during the forecast period.

Residential is the dominating sector for PVC pipes market. The residential sector is increasing at a lucrative rate in South-East Asian countries such as Singapore, Indonesia, Vietnam, and more, owing to the increasing population and per capita income of individuals in the South-East Asian countries. According to the Building and Construction Authority (BCA), the total preliminary construction demand in Singapore for the private sector was US$14.4 billion in 2019. PVC pipes are widely preferred over other conventional pipes due to its durability and low-cost properties. Thus, the PVC pipes market is anticipated to see an upsurge in their demand with the flourishing residential industry in South-East Asian countries. 

Indonesia is the largest PVC Pipes market in south east Asia. According to trade map (ITC) Indonesia is among top 20 largest exporter of polyvinyl chloride around the world, exporting 157,894 (value exported in USD thousand) in the year 2019. Polyvinyl chloride is used in a variety of fields in Indonesia from basic industries such as city infrastructure water pipes, sewer pipes, and others, these increasing demands for PVC pipes are driving the market for PVC pipes in Indonesia. According to world bank Indonesia have 1.119 trillion GDP in the year 2019. In which agriculture sector shares 12.72%. Agriculture industry, which is regulated and overseen by the Indonesia Ministry of Agriculture, is among the key ones in the economy of Indonesia. PVC pipes generally used for irrigation in the agriculture sector and as they are non-toxic, so they are preferred above all.

The ASEAN region as a whole is united in experiencing substantial economic and population growth – a trend which is set to continue over the coming years. Against that background, the Asia Development Bank has reported in October 2019, the total infrastructure needs in the region will grow from US$2.8 trillion (baseline estimate) to US$3.1 trillion (climate-adjusted estimate). This works out to an annual investment need of US$184 billion to US$210 billion. The need for large scale projects involving energy, road, rail, water, and other infrastructure will continue to drive demand in the construction sector, that would contribute further to the growing demand for Southeast Asia PVC pipes market. 

The use of PVC pipes is predominant in the home construction industry. It's regularly employed as a replacement or alternative for metal pipes (especially copper, galvanized steel, or cast iron), and in many applications where corrosion can compromise functionality and escalate maintenance costs. In addition to residential applications, PVC pipes is also used routinely for municipal, industrial, military, and commercial projects. In general, PVC pipes is much easier to work with than metal pipe. It can be cut to the desired length with simple hand tools. Fittings and pipe conduits do not have to be welded. Pipes are connected with the use of joints, solvent cement, and special glues. Another advantage of PVC pipe is that some products to which plasticizers have been added are softer and more flexible, as opposed to being rigid, making them easier to install. 

PVC pipes can contain as much as 57% chlorine. Carbon—derived from petroleum products—is also often used in its manufacturing. Due to the toxins that can potentially be released during manufacturing, when exposed to fire, or as it decomposes in landfills, PVC pipes has been dubbed by some medical researchers and environmentalists as the "poison plastic”. PVC pipes-related health concerns are as yet to be statistically proven. However, these toxins have been linked to conditions that include but are not limited to cancer, fetal developmental setbacks, endocrine disruption, asthma, and diminished lung function. 

The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least five months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of PVC pipes manufacturers and vendors. However, the negative impact of COVID-19 on PVC pipes to be compensated over the medium to long term future. The Southeast Asia PVC pipes market is witnessing a period of low demand from its downstream derivatives. The continuing wave of capacity expansions in PVC pipes led to oversupply and squeezed profit margins, further putting pressure on producers.

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the South-East Asia PVC Pipes Market. In 2019, the market of South-east Asia PVC Pipes has been consolidated by the top five players accounting about 12% of the share. Major players in the South-East Asia PVC Pipes Market are Georg Fischer Ltd., Denya Group, Fitters Diversified Berhad, Binh Minh Plastics, Tien Phong Plastic Joint Stock Company, Hoa Sen Group, Dong Nai Plastic Jsc, Cppc Public Co., Ltd. (Charoen Pokphand Foods PCL), Crown Asia Chemical Corp., Alderon (PT Impack Pratama Industri Tbk), among others.