plastic pipes mainly include water supply, drainage and heating in buildings, water supply, drainage and heating in municipal construction, agricultural water supply, drainage and irrigation pipes, power communication sheathed pipes, industrial sewage pipes, gas pipelines, etc. Among them:
1) PVC pipes are mainly used in the fields of construction engineering and agriculture, and are related to market demands such as fine decoration, old renovation, affordable housing, public construction and agricultural irrigation;
2)PPR pipes is mainly used in home decoration hot and cold water pipes and heating pipes, which are related to the needs of new house decoration and existing house reinstallation;
3) PE pipes are mainly used in the field of municipal engineering, benefiting from the acceleration of municipal construction and water conservancy construction in the context of stable growth. Plastic pipelines have a wide range of downstream application industries, and the demand for pipes will continue to increase.
After years of development, my country's plastic pipe industry has shown a fully competitive industry pattern, with many participating companies and large differences in the scale of competing entities. According to data from third-party organizations such as China Research Network, there are more than 3,000 large-scale plastic pipe manufacturers in China. The annual production capacity exceeds 1,500 tons, and there are 300 companies with an annual production capacity of more than 10,000 tons. There are more than 20 companies with an annual production capacity of more than 100,000 tons. The industry concentration is gradually increasing. From 2016 to 2020, the industry’s CR5 output market share It increased from 18.73% to 24.63%, and the CR3 production market share increased from 16.30% to 21.88%. Currently, the sales volume of plastic pipes of the top 20 companies in the industry accounts for more than 40% of the industry. Since 2021, my country's real estate industry has been under overall pressure. Due to the impact of the epidemic, industry demand has fluctuated, industry competition has intensified, small companies with weak anti-risk capabilities may gradually withdraw from the market, and industry concentration is expected to further increase.
Source of material: Essence Securities
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