The report titled “Japan PVC Pipe and Fittings Market by type of pipes (Chlorinated PVC Pipe, Regular PVC Pipe, Plasticized PVC Pipe and Fittings), by application (Construction, Sewerage, Water Supply, Agriculture, Cable Protection) – Outlook to 2022, provides a comprehensive analysis of PVC pipe and fitting market in Japan. The report covers Japan PVC pipes and fittings market size, market segmentations by type of PVC pipes (Chlorinated PVC Pipe, Regular PVC Pipe, Plasticized PVC Pipe and Fittings), by application (Construction, Sewerage, Water Supply, Agriculture, Cable Protection and Others), by market structure (organized and unorganized market). The report also covers market in different aspects such as decision making parameters to choose a manufacturer, trends and developments, issues and challenges, Porter’s Five Force analysis, regulatory scenario, market share of major PVC pipe and fittings manufacturers, recent industry activities and opportunities, company profiles of major PVC pipe manufacturers (Shin-Etsu Chemical Co. Ltd, Sekisui Chemical Co. Ltd., Mitsubishi Chemical Corporation, Kaneka Corporation, Taiyo Vinyl Corp) in PVC pipe and fittings market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry.
PVC pipes were first introduced to Japan in 1951 and the demand has grown sharply from 4,800 tons in 1955 to around 300,000 tons during 2017. The industry has entered into consolidation phase with presence of few large scale organized players in the market. The industry witnessed sharp decline in demand for PVC pipes during 2007 owing to decline in the number of new constructions as the result of the enforcement of building certifications triggered by the scandal of falsified quake-resistance data submitted by a structural designer. Since then the industry is majorly driven by demand from replacement of ageing pipelines coupled with high demand in construction sectors. The market has recorded surge in overall revenues from USD ~ million during 2012 to USD ~ million in 2017 at a CAGR of ~% during 2012-2017. The production capacity for PVC pipes and fittings have grown at a modest CAGR of ~% during the period 2012-2017. The major growth drivers for this market are focused towards construction and infrastructural developments, high demand for repair and replacement of ageing pipelines, high demand in water infrastructure and recycling of waste PVC pipes and fittings.
Market Segmentation of Japan PVC Pipes and Fittings
Type of Pipes: PVC pipes and fittings industry in Japan mainly includes rigid PVC, flexible PVC and chlorinated PVC pipes and fittings. In terms of revenue, Japan PVC pipe and fittings market is dominated by rigid PVC which accounted for a share of ~% (USD ~ million) of the overall market revenue during 2017. Rigid PVC was followed by flexible PVC which accounted for a share of ~% (USD ~ million) during 2017. Rigid PVC pipes mainly find application in construction sector, whereas flexible PVC pipes cater to plumbing and building sectors. Chlorinated polyvinyl chloride pipes and fittings (CPVC) accounted for the rest ~% (USD ~ million) of the total revenue during 2017.
By Applications: Japan witnessed high prominence in construction industry which resulted in high demand of PVC pipes from this sector. In terms of revenue, construction segment dominated the market which accounted for a share of ~% (USD ~ million) during 2017. Sewerage was followed by construction sector which accounted for share of ~% (USD ~ million) in the overall market during 2017. Water supply followed oil & gas segment during 2017 as the Japan has access to 100% improved water source and improved sanitation. The country has witnessed extensive use of PVC pipes in the water supply segment which accounted for a share of ~% in the overall market. Agriculture sector followed sewerage sector in terms of application in the PVC pipe market which accounted for share of ~% (USD ~ million) of the total market revenue. Cable Protection accounted for least percentage contribution to the overall market during 2017.
By Market Structure: In terms of revenue, PVC pipes and fittings market in Japan is dominated by organized players which accounted for ~% (USD ~ million) of the overall revenue during 2017. The competition in the industry is primarily confined between a few players in the organized space which has resulted in domination of organized market in Japan. Unorganized market accounted for ~% (USD ~ million) of the overall revenue during 2017.
Competitive Scenario in Japan PVC Pipe and Fittings Market
The PVC pipe and fittings industry in the country is dominated by few major players in the market which have accounted for major market share during 2017. It was witnessed that PVC pipes and fittings market was dominated by domestic manufacturers and the country has witnessed huge imports. The competition in the local market has been intense due to support from government for recycling of ageing pipes and high competition from foreign manufacturers importing PVC pipes in the country. Japan PVC pipe and fitting market is dominated by five major players including Shin-Etsu Chemical Co. Ltd, Sekisui Chemical Co. Ltd., Mitsubishi Chemical Corporation, Kaneka Corporation, Taiyo Vinyl Corp.
Shin-Etsu Chemical Co.,Ltd. was established in 1926 and is headquartered in Tokyo, Japan. The company manufactures and sells polyvinyl chloride (PVC), semiconductor silicon wafers, silicones, and rare earth magnets worldwide. The company has accounted a share of ~% of the total revenue in the overall market during 2017. Sekisui Chemical Co. Ltd. was founded in 1962 and is based in Dusseldorf, Germany with additional offices in Osaka and Tokyo, Japan. The company has accounted for share of ~% in the overall market during 2017. Mitsubishi Chemical Corporation was founded in 1950 and is headquartered in Tokyo, Japan. Mitsubishi Chemical Corporation operates as a subsidiary of Mitsubishi Chemical Holdings Corporation. In terms of revenue the company accounted for ~% share to the overall market during 2017. Kaneka Corporation was founded in 1949 and is headquartered in Osaka, Japan. Kaneka Corporation manufactures and sells chemicals and functional plastics in Japan and internationally. The company offers chemical products, polyvinyl chloride (PVC) products, cross linked PVC, vinyl chloride-vinyl acetate copolymers, paste PVC, acryl grafted-vinyl chloride copolymer, chlorinated PVC, and PVC compounds. It was observed that Kaneka Corporation accounted for ~% of the overall revenue share during 2017. Taiyo Corporation was founded in 1988 and is based in Saitama, Japan. The company accounted for a share of ~% in terms of revenue during 2017.
Future Potential of Japan PVC Pipe and Fittings Market
The revenue from the Japan PVC pipes and fittings industry is projected to register modest growth over the period 2018-2022. It is projected to grow by CAGR of ~% over the period 2017-2022 and is expected to reach USD ~ million in 2022 as compared to USD ~ million in 2017. The increasing focus towards construction and infrastructural developments in Japan will result in an augmented demand for PVC pipes. It is foreseen that old residential buildings would be demolished and rebuilt in the near future which will result in major demand of PVC pipes from residential sector in upcoming years. In addition, PVC pipe used for the social infrastructures such as the municipal water supply pipeline and sewerage pipeline would start to end its design service life. It is estimated that discharge of End-of-Service Life PVC pipe may exceed 50 thousand tons in 2020, and 100 thousand tons in 2030 which will result in high demand for PVC pipes for replacing aged pipes.
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Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
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