Latin America PVC Pipes Market Report and Forecast 2022-2027: Strong Presence of Major PVC Pipe Manufacturers in the Continent Drives Growth - ResearchAndMarkets.com

The "Latin America PVC Pipes Market Report and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Latin America PVC pipes market attained a value of USD 2,544.9 billion in 2021. Aided by the escalating demand for the product across agriculture and construction industry, the market is projected to further grow at a CAGR of 4.8% between 2022 and 2027 to reach a value of USD 1378.4 billion by 2027.

Polyvinyl chloride pipes, also known as PVC pipes, refer to the pipes which are made up of the combination of vinyl and plastic. These pipes are extremely strong, durable, tough, and rust proof. These advantages of the product make it applicable across various sectors. Due to the anti-rotting and anti-wearing properties of PVC pipes, the product is witnessing increasing application in the water management systems of Latin America.

Meanwhile, the strong presence of major PVC pipe manufacturers in the continent is another crucial factor driving the growth of Latin America PVC pipes market. In addition, the active involvement of the companies in soil and water research projects in the region is further escalating the demand for the product.

The flourishing construction industry in Latin America is a key factor propelling the demand for PVC pipes. With rapid investments in urban development projects across the emerging nations such as Brazil and Mexico, the market is anticipated to flourish in the region. The increasing application of PVC pipes in the structures located in earthquake prone areas of the continent is likely to add to the Latin America PVC pipes market growth.

The increasing investments in oil and gas projects across Brazil are the among the crucial growth driving trends. Oil and gas plants in this country are operating in full capacity and the efforts for amplified supply of flexible pipes are becoming necessary. Hence, the anticipated increase in demand for flexible pipes to avoid operation delay across this industry is likely to provide further impetus to the market during the forecast period of 2022-2027.

The growing mergers, acquisitions, and investments in the major PVC pipe manufacturing companies across the region are further providing impetus to the Latin America PVC pipes market.

In February 2022, Advent International Corp., a private equity firm based in Boston, announced an investment of USD 262 million in Tigre Group, a Brazilian multinational construction component manufacturing company. With this acquisition, Advent acquired 25% stake in Tigre, and the aim of this acquisition is to ramp up the infrastructure development across Brazil and the United States of America.

Furthermore, PVC pipes are crucial for irrigation and storage of water. In this regard, the robust advancements and investments in the agriculture sector of the continent are further heightening the demand for PVC pipes in the region. The rising demand for food and beverage across Argentina and Mexico owing to the rising population is further aiding the agriculture sector, thereby, adding further value to the Latin America PVC pipes market.

Market Segmentation

Market Breakup by Application

• Irrigation
• Water Supply
• Sewerage
• Plumbing
• HVAC
• Oil and Gas
• Others

Market Breakup by Country

• Brazil
• Argentina
• Mexico
• Others

Key Topics Covered:

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

4 Key Assumptions

5 Executive Summary

6 Market Snapshot

7 Opportunities and Challenges in the Market

8 Latin America PVC Pipes Market Analysis

9 Regional Analysis

10 Market Dynamics

11 Competitive Landscape

12 Key Trends and Developments in the Market

Companies Mentioned

• Dura-Line LLC
• Amanco Wavin Centroamerica
• Tigre S/A
• Argentina Plas Limited
• Plastics Technology de Mexico (PTM)

For more information about this report visit https://www.researchandmarkets.com/r/d7slrw

View source version on businesswire.com: https://www.businesswire.com/news/home/20221007005284/en/