South Korea Plastic Pipes Market Overview, 2028

South Korea Plastic Pipes Market Overview, 2028

South Korea experienced a period of rapid industrialization and economic growth in the 1960s and 1970s, leading to a surge in infrastructure development. Plastic pipes, particularly PVC, became a crucial component in the construction of water distribution and sanitation systems. To ensure the safety and performance of plastic pipes, South Korea established strict quality standards and regulatory requirements. Compliance with these standards became vital for maintaining the reliability of infrastructure systems. South Korea has a strong tradition of technological innovation, and this extends to the plastic pipe industry. Continuous research and development efforts led to technological advancements in pipe production, enhancing durability, ease of installation, and sustainability. Plastic pipes find applications in various sectors, including construction, industrial processes, and agriculture. Their versatility made them adaptable to a wide range of needs. The focus on environmental sustainability and responsible manufacturing practices led to the development of recyclable plastic materials and the reduction of the industry's environmental footprint. Continuous research led to the development of advanced materials and coatings that provided additional protection to plastic pipes in demanding environments. South Korean government agencies, such as the Ministry of Trade, Industry, and Energy and the Ministry of Environment, have established stringent quality standards and regulations for plastic pipes. Compliance with these standards is vital for ensuring the safety and performance of plastic pipes in various applications. Government schemes related to water management and conservation have supported the use of plastic pipes in water supply, sewage systems, and irrigation. These policies aim to address water scarcity issues and promote efficient water distribution. The South Korean government has invested in infrastructure development projects, including water supply, sewage, and transportation. These initiatives have driven demand for plastic pipes in construction and infrastructure projects.

According to the research report ""South Korea Plastic Pipes Market Overview, 2028,"" published by Bonafide Research, the South Korea plastic pipe market is anticipated to grow at more than 5% CAGR from 2023 to 2028. South Korea's ongoing infrastructure projects, including transportation, water supply, sewage systems, and construction, drive the demand for plastic pipes. These pipes are crucial for various construction and infrastructure applications. The country's urban areas are expanding, resulting in increased demand for water supply, sewage systems, and stormwater management. Plastic pipes are well-suited for urban infrastructure development due to their ease of installation and durability. South Korea's commitment to responsible water management and conservation is supported by the use of plastic pipes. They are used in efficient water distribution, irrigation, and stormwater management systems, helping conserve water resources. The expansion and modernization of wastewater treatment facilities in South Korea require the use of plastic pipes for the conveyance of sewage and effluents. South Korean plastic pipe manufacturers have the opportunity to export their products to international markets, contributing to the growth of the industry. Ongoing research and development efforts in the plastic pipe industry lead to the introduction of advanced materials and technologies that enhance the performance and sustainability of plastic pipes. Plastic pipes, particularly PVC and HDPE, are highly resistant to corrosion. This property makes them an ideal choice for various applications, especially in regions with diverse climates and exposure to corrosive elements.

Based on the material types, which include PVC (Polyvinyl Chloride), Polyethylene, PP (Polypropylene), and others, among them in South Korea, PP (Polypropylene) is a growing market. PP pipes exhibit excellent resistance to corrosion, making them suitable for various applications, including water supply, sewage, and industrial processes. This corrosion resistance is crucial, especially in areas with aggressive or corrosive media. PP pipes are known for their long-term durability. They can withstand exposure to harsh environmental conditions and are resistant to chemical degradation, ensuring a reliable and long-lasting infrastructure. South Korea has established strict quality standards and regulations to ensure the safety and performance of plastic pipes, including PP pipes. Compliance with these standards is crucial for maintaining the integrity of infrastructure systems. In terms of the application, it is segmented into liquid conduits, gas conduits, and others. In South Korea, the gas market is growing. South Korea has been increasing its use of natural gas for various purposes, including electricity generation and heating. The expansion of natural gas infrastructure has led to a growing demand for gas conduits to transport gas safely and efficiently. South Korea's urban areas are expanding, and industrial activities are on the rise. As a result, there is a higher demand for natural gas in urban and industrial settings. Gas conduits are essential for delivering natural gas to residential, commercial, and industrial users. The South Korean government has established strict safety standards and regulations for gas distribution systems. The use of gas conduits that comply with these standards is essential to ensuring the safety of gas transportation. Ongoing research and development in the plastic pipe industry has led to the introduction of advanced materials and technologies that enhance the performance and safety of gas conduits.

Based on the end user, this includes construction, oil and gas, water and wastewater, agriculture, and chemicals. In the country, water and wastewater are contributing significantly to the market share. South Korea's ongoing investment in water supply and wastewater treatment infrastructure projects is driving the demand for plastic pipes. These pipes are essential for various applications, including water distribution, sewage conveyance, and stormwater management. The country's urban areas are expanding, leading to increased demand for water supply and sewage systems. Plastic pipes, with their lightweight design and ease of installation, are well-suited for urban infrastructure development. South Korea has established strict quality standards and regulations for plastic pipes in water and wastewater applications. Compliance with these standards is crucial for ensuring the safety and performance of these critical systems. The expansion and modernization of wastewater treatment facilities in South Korea require the use of plastic pipes for sewage conveyance and effluent transport.

Considered in this report:

• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• South Korea Plastic Pipes market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Material:

• PVC (Polyvinyl Chloride)
• Polyethylene
• PP (Polypropylene)
• Others

By Application:

• Liquid Conduits
• Gas Conduits
• Others

By End User:

• Construction
• Oil & Gas
• Water & Wastewater
• Agriculture
• Chemicals

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Plastic Pipes industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.