The pipe and valve industry across the industrialized region such as North America and several others are creating great revenue with more advancement in fitting equipment around the world. Numerous regions are doing proficient in working in this segment and manufacture metal industrial and fluid power valves, hose fitting, and several other fittings.
In addition, the Mexico plastic pipes and fittings market was effectively observed in its growth stage. Mexico offers as a trading hub in terms of setting for the development, production as well as a lot of plastic pipes and fittings in and near the American economy. Also, the effective growth in the existence of both international as well as domestic players attached to new government initiatives has generated a positive impression on the market. Mexico’s plastic pipes and fittings market in terms of production value was effectively observed to augment over the forecast period of 2013-2018. The plastic pipes and fittings market has effectively augmented on the account of budding infrastructure and real estate projects particularly, housing and transportation infrastructure; recovery within the mining segment and advanced free trade agreements such as NAFTA and TPP.
By the type of PVC pipes based on the material, the Plain/Vinyl PVC registered the market by a great margin in terms of production volume. This pipe material is fundamentally utilized towards recreational usage/building, cold water systems, vent systems, and drainage systems. Other sectors such as CPVC and MPVC are freshly established in the market.
However, the South Africa plastic pipes and fittings market was positively experienced in its growth stage and the market is exceedingly correlated with the positive advancement in the sewage and drainage, irrigation and mining industries in South Africa. The market has positively augmented at a slower pace than predicted owing to the commercial slowdown in the region which unfavorably affected the infrastructure sector as government spending has considerably decreased over the years. Rare Plastics, Swan Plastics, and Sizabantu Plastics are the market leaders of PVC, HDPE, and O-PVC pipes and fittings correspondingly in terms of revenue, as of 2018. O-PVC being the emerging segment has only one domestic constructer in the region. The mainstream of these pipes and fittings are industrial in the region and the rest are imported from regions such as Botswana, Spain, China, and several others. Leading end-user benefits of PVC plastic pipes and fittings in South Africa were towards sewage, drainage, water transmission, and distribution, irrigation and numerous others whereas, HDPE plastic pipes were majorly utilized within mining sector particularly in grout lines for transferring minerals and wasters in the mines.
Although, by the end-user applications of HDPE plastic pipes, in 2018, the mining underwrote the uppermost share to the HDPE plastic pipes and fittings market of South Africa. The mining industry depends on seriously on its plastic pipe infrastructure for water distribution, dewatering, and slurry disposal. The sewage and drainage systems are the second chief end-user of HDPE pipes shadowed by bulk water and several other benefits such as chemical, oil, gas, and plumbing in terms of revenue. Therefore, in the near years, it is anticipated that the market of pipe and valve will increase around the globe over the coming years more progressively.
Ankur Gupta, Head Marketing & Communications