The increasing construction sector is anticipated to boost the South-east Asia PVC Pipes market during the forecast period 2019-2025. South-east Asia Pvc Pipes Market Size Projected 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.
Sewers and Drainage has been 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, corrosion resistant, and leak proof. 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.
Indonesia has dominated the PVC Pipes market in south east Asia in 2019. 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. The use of plastic materials by the piping industry accounts for a significant volume of polymers. In this segment PVC represents the largest market for plastics. PVC is often used in plastic pressure pipe systems for pipelines in the water and sewer industries because of its inexpensive nature and flexibility. Pipes and fittings constitute the largest volume application of the marketplace. 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 demand for PVC pipes are driving the market for PVC pipes in Indonesia.
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South-east Asia PVC Pipes Market Growth Drivers:
- Increasing demand in Downstream Processing Capacity
The consumption of oil is increasing in various industries that depend on crude oil. The region is seeing a significant growth in oil & gas infrastructure projects with several national oil companies and private developers across South East Asia evaluating or in the early engineering phases of major hydrocarbons production facilities. This is consistent with the growth trend in this sector, that would contribute further to the growing demand for Southeast Asia PVC pipes. For Instance: KKC (PT Kilang Kaltim Continental) is expected to work on building a modular refinery at KIPI Maloy Port and industrial park, Indonesia. Pertamina, which is Indonesia's state-owned energy company, is also planning to increase its capacity by 260,000 Barrels/Day, by the end of the year 2020 by expanding its Balikpapan refinery.
- Benefits of PVC pipes over other plastic pipes
PVC Pipes offer a tremendous weight advantage over alternative piping materials. The comparatively low weight of PVC Piping means that installers are less likely to get injured, and while it may take a team of workers or mechanical hoists to carry a large section of metal pipe, PVC Pipe is so light that a single person could easily move a long piece. PVC Pipe's resistance to fracture is an extremely important performance advantage. Since, PVC Pipes are made from rigid PVC compound, the PVC Pipe itself has the ability to yield under loading without fracturing. PVC pipes offer significant cost savings for projects, even more so when installation, low breakage rates and life cycle costs are taken into consideration.
The Major Players in this Market Include:
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. In May 2016, GF Piping Systems, a division of GF, announces today the acquisition of PT Eurapipe Solutions Indonesia. The acquisition strengthens GF Piping Systems’ position in South East Asia in line with the strategy of the division to expand in growth markets.
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.
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