Europe & Asia Pacific Polypropylene Pipes Market Size, Share & Trends Analysis Report By Product (PP-R, PPR-RCT), By Application, By Region, And Segment Forecasts, 2020 - 2027

Report Overview

The Europe and Asia Pacific polypropylene pipes market size was estimated at USD 6.35 billion in 2019. The market is expected to expand at a compounded annual growth rate (CAGR) of 3.5% from 2020 to 2027. Significant polypropylene properties such as resistance to chemicals and temperature, coupled with rising penetration in end-use applications, are projected to fuel the demand over the forecast period. The market is anticipated to witness growth at an accelerated pace on account of the rising demand for flexible pipes from end-users, and increasing renovation and repair of traditional piping systems in industries. A favorable outlook for infrastructural development in the developing economies is expected to fuel the growth. PP-R, PPR-RCT, PP-H, and PP-B are some of the PP products that are used in various residential and commercial applications. Significant properties of polypropylene pipes over PVC, including resistance to heat, corrosion, and other chemical and physical properties, favor growth.

China's construction industry is promoting the pipes for water and wastewater treatment and plumbing systems, particularly in the residential sector. Increasing demand for polypropylene pipes in water management and plumbing operations and application industries like industrial processing is likely to impact the consumption trends over the forecast period positively.

The construction and industrial sector are the major application areas propelling the demand for pipes in the region. Factors such as stable exchange rate, rapid industrialization, favorable infrastructural development, and subdued oil prices drive the overall economic growth in emerging economies like India and China, thereby driving the demand for pipes in residential and commercial spaces.

Asia Pacific construction industry is anticipated to witness growth at an accelerated pace over the forecast period. However, short- to medium-term factors such as the U.S.-China trade war, tightening of access to credit, and elevated prices of commercial and residential properties are expected to restrain construction activities in the region.

Product Insights

PP-R led the market and accounted for more than 71.0% revenue share in 2019 on account of the demand for PP-R because of its superior properties such as tightness, rigidity, elasticity, and high temperature and corrosion resistance. It includes reinforcement layers to reduce the longitudinal thermal contraction or expansion and provide resistance to acidic and basic solutions driving growth.

PP-R pipes offer internal pressure resistance at high temperatures and are widely used in food processing and chemical industries. It is one of the common material choices for sanitary piping systems, plumbing, and other mechanical and industrial applications. It possesses resistance to several materials that may pass through the pipes in gaseous or liquid form thereby driving growth.

PPR-RCT stands for polypropylene random crystalline temperature. It is projected to witness the highest compound annual growth of 4.4% over the forecast period because of its use inside the building structure for food-grade applications, hot and cold potable water, industrial compressed air and vacuum rain, and geothermal applications.

The most commonly used PP pipes are PP-R and PP-RCT on account of lower cost, easy installation, resistance to chemicals, abrasion, scaling, and non-corrosive properties. PP pipes use a fusion welding process to attach the pipe fittings. This offers reliable fitting of the plastic piping system and thus is preferred among the consumers.

Application Insights

Water plumbing applications led the market and accounted for more than 35.0% of the total revenue share in 2019, owing to increasing population coupled with industrialization and urbanization exerting considerable pressure on the existing freshwater resources. The need for effective and leak-proof water management systems is expected to boost growth over the forecast period.

Europe and Asia Pacific PP pipes market is primarily driven by the demand for piping systems for commercial and industrial applications. Increasing demand for plastic pipes based on their properties and desired standards are expected to propel the growth. The polypropylene pipes exhibit broader application scope, including water plumbing, HVAC, food, and chemical processing across various end-use industries.

The growth in construction spending in the economies within the Asia Pacific region can be attributed to the healthy economic and industrial development along with population expansion, which is likely to have a significant impact on the demand for infrastructural development, propelling the demand for PP pipes in these regions over the forecast period.

Government initiatives to improve the infrastructural development, and offer desired services such as regular and uninterrupted potable water supply, efficient and leak-proof sewage and drainage systems augment the growth of the PP pipes market. The repair and remodeling of the existing infrastructural structure are significant factors propelling polypropylene pipes in Europe and the Asia Pacific.

Regional Insights

Europe accounted for over 24% of the overall revenue share in 2019 and is anticipated to witness significant growth in its share over the forecast period due to substantial infrastructural advancement, need for HVAC systems on account of extreme weather conditions, and repair remodeling of existing aged piping systems.

The Europe and Asia Pacific polypropylene pipes market is expected to witness substantial growth over the coming years due to the growing need for clean water supply, wastewater & rainwater collection, and distribution system applications. A significant share of polypropylene pipes is used for transferring hot water in the colder regions, especially in the European countries.

Asia Pacific is expected to register the fastest CAGR of 4.1% from 2020 to 2027. Industrialization, urbanization, technological developments, and growth in infrastructural development are the major driving factors for the demand for efficient piping systems, resulting in high growth for polypropylene pipes.

China accounted for a significant share in the consumption of plastic pipes in the past few years. A rise in demand for durable and long-lasting supply mediums for fluids and chemicals has supported plastic pipes in the country. Complete available raw materials, technical know-how for the manufacture of piping products, and infrastructure availability are expected to ascend the production.

Key Companies & Market Share Insights

The market has witnessed an increasingly organic and inorganic growth through diversified product segments as per the applications across domestic, commercial, and industrial sectors. Some of the key players have undertaken various initiatives such as technology innovations, research and development, partnerships, agreements, new ventures, and others to manufacture cost-effective pipes. The market is competitive due to the presence of significant companies involved in product manufacture. The market is characterized by a considerable consumer base with the companies operating their business through dedicated distribution networks. Some prominent players in Europe and Asia Pacific polypropylene market include:

• Kalde Klima Orta Basınç Fittings ve Valf Sanayi A.Åž

• Pipelife International GmbH

• Aquatherm GmbH

• Peštan

• Pro Aqua

• Aquatechnik group S.P.A.

• Wavin

• Fusion Industries

• Weltplast

• Bänninger Kunststoff-Produkte GmbH

• Danco plastics

• Ros Turplast

• Aliaxis Group S.A. /N.V.

• Asahi YuKizai Corporation

• Others

Europe & Asia Pacific Polypropylene Pipes Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For this study, Grand View Research has segmented Europe and Asia Pacific polypropylene pipes market report based on the product, application, and region:

• Product Outlook (Revenue, USD Million, 2016 - 2027)

  • PP-R

  • PPR-RCT

  • PP-H

  • PP-B

• Application Outlook (Revenue, USD Million, 2016 - 2027)

  • Water Plumbing

  • Food Processing

  • HVAC

  • Chemicals

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • Europe

    • U.K.

    • France

    • Italy

    • Spain

    • Germany

  • Asia Pacific

    • Australia

    • China

    • South Korea

    • Japan

    • India