PVC has a very low fracture toughness, so it'll tend to break in a sudden, brittle, catastrohpic manner when tiny little microcracks in the PVC grow too big.
Sorry to sound like a know it all, but I teach this to college engineering students.
Little microcracks that are naturally present in PVC will get bigger over time, especially with UV radiation, changing temps, and so on.
This know it all learned this the hard way when I built a potato cannon out of cheap PVC instead of more expensive steel pipe. The cannon blew into a million bits after 2 years of faithful service.
Yes I know.....antenna masts aren't potato cannons.....bottom line, if the bending stresses are low and the microcracks don't grow big, PVC should work okay as an antenna mast. If it was me, I'd use a steel, because it has a higher fracture toughness.....even if it rusts a lot, it will still bend a long way before it fractures in 2. With low fracture toughness materials like PVC, there's just no warning.....it'll bend a little and then POW.....all over but the crying.
I told my wife I'd swear off of potato cannons. So many potatoes, so little time.....