Summary
The Australia plastic pipes & fittings market size USD 1,160.6 Mn in 2022; forecast USD 1,441.3 Mn by 2027. Demand analysis, trends, growth opportunities.
Market Overview
Australia Plastic Pipes and Fittings Market Overview
In 2022, the Australia Plastic Pipes and Fittings market was valued at USD 1,160.6 Mn, growing at a CAGR of 3.1% during the historical period of 2017–2022. The market is expected to reach USD 1,441.3 Mn by 2027, expanding at a CAGR of 4.4% during the forecast period (2022–2027). The shift from metallic, iron, and concrete pipes, growth in the mining and resources sector, wider applications of plastic pipes, and strong construction activity are some of the key growth drivers of the Australia Plastic Pipes and Fittings market.
Australia Plastic Pipes and Fittings Market
Australia Plastic Pipes and Fittings Market: The pipes and fittings industry by revenue includes the year-on-year revenue generated by the sales of pipes and fittings through organized and unorganized players both domestically and through export which includes both online and offline sales. It includes sales of PVC, PE, PPR and others (PVDF, ABS etc.) pipes and fittings. The prices have been considered at the manufacturer level.
Organized Market: It includes all those companies which are operating on a nationwide scale and undertake domestic manufacturing of plastic pipes and fittings in Australia. These companies have a presence in all of the regions in Australia and sell all types of plastic pipe and fittings products in the country. Companies such as Iplex Pipelines, Vinidex Pty. Ltd., and Pipemakers Australia Pty Ltd. have been considered in this segment.
Unorganized Market: It includes all those companies which are operating only in certain regions of the country and undertake either domestic manufacturing or import certain plastic pipes and fittings products from other countries and supply them to Australia. These companies have limited presence in Australia and do not have a wide product portfolio which includes all types of plastic pipe and fittings products. Companies such as David Moss, Pipekings, Reliance Worldwide Corporation, Philmac Pty Ltd, Poly Pipe and other small manufacturers are included in this segment.
Taxonomy
Australia Plastic Pipes and Fittings Market Ecosystem
Australia Plastic Pipes and Fittings Market Size
The Australia Plastic Pipes and Fittings market witnessed steady growth from USD 995.4 Mn in 2017 to USD 1,160.6 Mn in 2022, registering a CAGR of 3.1% during the historical period of 2017–2022. The highest annual growth rates were recorded in 2018 and 2019 at 3.4%, followed by 3.2% in 2022, 3.1% in 2020, and 2.5% in 2020. In terms of annual market size progression, the market was valued at USD 1,029.5 Mn in 2018, increasing to USD 1,064.4 Mn in 2019, USD 1,096.9 Mn in 2020, and USD 1,124.4 Mn in 2021.
Australia Plastic Pipes and Fittings Industry Analysis
Market Segmentation of Australia Plastic Pipes and Fittings
By Region
Due to their abundance of open space, Victoria and Queensland have seen an increase in both residential and commercial construction projects. Two examples of these projects are the creation of Hamilton Rise Residential Community and Amberfield Retirement Village, also known as Oasis Residences. More than 70% of Australia's population resides in the Eastern region, which in 2022 shown a clear need for increased investment to meet a range of needs, including those pertaining to housing and commercial infrastructure. The Western region of the country has occupied 16.4% of the market, followed by the Southern region and Northern region, which capture 7.0% and 3.1% of the market share respectively.
By Type of Market
The organized sector predominantly dominates the Australia plastic pipes and fittings market. The plastic pipes market in Australia is highly consolidated, with three major manufacturers controlling around 80% of the total market share. Organized players hold a competitive advantage over unorganized players due to their extensive distribution networks and nationwide presence, enabling large-scale manufacturing and supply capabilities. In 2022, the organized segment reached a market size of USD 893.7 Mn, increasing from USD 747.4 Mn in 2018. In comparison, unorganized players benefit to a lesser extent from customer brand loyalty and operate on a relatively smaller scale. In 2022, the unorganized segment stood at a market size of USD 266.9 Mn, which is comparatively lower than USD 282.1 Mn in 2018.
Australia Plastic Pipes and Fittings Future Market Size
The market is anticipated to expand during the projected period of 2022–2027 due to the ongoing shift in customer preferences away from metallic and iron pipes toward plastic pipes. Plastic pipes are expected to witness wider adoption across multiple sectors owing to their cost-effectiveness and resistance to chemicals. The Australia Plastic Pipes and Fittings market is projected to reach USD 1,441.3 Mn by 2027, increasing from USD 1,160 Mn in 2022, registering a CAGR of 4.4% during the forecast period. Australian minerals generated an estimated USD 64 billion in corporation taxes and royalties in 2022, reflecting a USD 21 billion increase over 2021. Over the past decade, Australian minerals have contributed approximately 21% to the country's GDP growth. The continued expansion of the mining sector is expected to further drive demand for plastic pipes in the country.
Company Profile of Major Players
| Company Name | Establishment year | Description |
|---|---|---|
Iplex Pipelines | 1938 | In order to improve fleet management and operational visibility, Iplex Pipelines has partnered with Teletrac Navman and used tactics to increase internal visibility. Aspires to maintain expansion via inventive and reasonably priced plastic pipeline technologies. Make it a top priority to keep product quality at a high standard in order to satisfy customers. In Queensland's coal seam gas market, contracts provide stability, growth, and competition while keeping costs under control. |
Vinidex | 1960 | Vinidex benefits from Aliaxis Group's presence in more than 45 countries since it can take advantage of global industry experiences from similar companies. The goods meet Green Building Council requirements and Australian standards, and the Smithfield facility has experienced a 29% reduction in waste. The business and Reece Holdings, which runs the most outlets in Australia, have a strong working relationship. Vinidex demonstrates its operational skills by increasing efficiency and reducing expenses, all thanks to Aliaxis Group's emphasis on experience and innovation. |
Pipemakers | 1990 | Plumbing Plus Buying Group, which has about 160 outlets in Australia, relies on Pipemakers as a top supplier because of its wide network of domestic wholesalers and distributors that guarantee product availability. Pipemakers Australia Pty Ltd is a member of the Plastic Industry Pipe Association (PIPA), has quality approvals, and is a signatory to the Vinyl Council of Australia. |
Australia Plastic Pipes and Fittings Market Macroeconomic Indicators
In 2022 total population of Australia was estimated at 26.0 Mn at a growth rate of 1.1%. Compared to 24.6 Mn in 2017 Australia's Population has increased by 1.4 Mn in 2022.
In 2023, Across all the regions New South Wales was the most populated region of Australia with a population of 8292 thousand followed by Victoria and Queensland.
The no. of house dwellings approval was high in FY’21 due to the end of COVID-19 lockdowns and the increase in activities across the residential sector. The introduction of government incentives like the HomeBuilder program and the First Homeowner Grant led to a surge in domestic housing demand.
Several factors, including market demand, government policy, labour and material availability, and economic conditions, affect the value of work done in Australia's private housing sector. Lower interest rates may make it easier to obtain funding for new buildings, which would increase demand for housing and drive-up prices.
Frequently Asked Questions
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