Our robust and tested research methodology is behind the thoroughly scrutinized global plastic pipes market report
Our proven research methodology has helped us create another insightful and comprehensive report titled ‘Plastic Pipes Market: Global Industry Analysis 2012 – 2016 and Forecast 2016 – 2024’. In order to infer the market size, historical data, primary responses and public domain data has been thoroughly analyzed. Revenue of companies in the global plastic pipes market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the assessment period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global plastic pipes market.
A detailed segmentation of the global plastic pipes market aids in the understanding of this vast market
The detailed market taxonomy of the global plastic pipes market breaks down the market into various segments and sub-segments to help the report audience understand this vast and dynamic market in a comprehensive manner.
By Material Type
By End Use Industry
This report deciphers the vast market of plastic pipes globally and considers the various applications of plastic pipes. The various applications of plastic pipes covered in this report include their use in building and construction, oil and gas, water use and withdrawal, agriculture, chemicals and electrical & telecom. Various applications of plastic pipes are discussed in this comprehensive report and the market for each of these segments is discussed in detail, regionally as well as globally. In addition, the use of plastic pipes as liquid conduits, gas conduits and electrical conduits is also discussed in detail in this report.
This report is divided into four distinct parts. The first part consists of the introduction to the plastic pipes market. The next section consists of the global plastic pipes market analysis and forecast by material type, by applications, by end use industry and by region. The third part consists of the regional plastic pipes market analysis and forecast. The last section of the report highlights the competitive landscape of the global plastic pipes market and gives the list of the important players operating in this lucrative market.
In the introduction section, the pertinent market numbers about the global plastic pipes market are given along with the CAGR for the forecast period of 2016-2024. The introduction also contains an executive summary of this detailed report through which the report audience can have a cursory glance at this vast market. Also, information about the plastic pipes market volume analysis is also given in this section. The regional average pricing analysis for the year 2015 is also mentioned here. Information about the value chain analysis of the global plastic pipes market is also given in this section of the report. An important section of the report is the market dynamics of the global plastic pipes market. The market dynamics section lists the drivers, restraints, opportunities and trends that are applicable in the global plastic pipes market and discusses in detail the factors that are encouraging the growth of this market and the factors that are hampering the growth of this market. The various trends governing the global plastic pipes market – both long term and short term – are also discussed in this part of the report.
The next section of the report contains the regional plastic pipes market analysis and forecast as well as important information about the market such as the BPS analysis, year-on-year growth rates, absolute dollar opportunity and market attractiveness analysis of the global plastic pipes market. The last part of the report contains the competitive landscape of the global plastic pipes market. This part constitutes information of the various leading companies in the global plastic pipes market. The competition landscape gives a dashboard view of the key companies operating in the global plastic pipes market along with their important information and broad strategy adopted to stay as leaders in the global plastic pipes market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented.
Why should you buy this report?
If you are aiming to enter the global plastic pipes market, this report is a comprehensive guide that will provide crystal clear insights about this vast and lucrative market. All the major applications of plastic pipes are covered in this report and information is also given on the important regions of the world where this market is likely to boom in the near future, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, then this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Global market for plastic pipes is estimated to account for about US$ 30 Bn by the end of 2017 and register a CAGR of 5.5% during the forecast period (2016–2024) to reach a market value of around US$ 44 Bn by 2024 end.
Growing construction industry and urbanization aiding revenue growth of the plastic pipes market
The building and construction industry comprises residential, commercial and industrial sectors. This industry is growing steadily across the globe and has, thus, resulted in an increase in demand for the raw materials used in the construction industry. Pipes, being an integral part of the building and construction industry, find applications in water pipelines, wastewater drainage systems, gas pipelines, HVAC systems, etc.
It is estimated that China, U.S. and India are the major contributors to the growth of the construction industry and will collectively be responsible for more than 50% share of the growth in the construction industry by the end of 2020. In 2014, the total housing count reached more than 1 Mn with Y-o-Y growth of around 3%. With this continuous growth in the building and construction industry, the demand for plastic pipes is expected to increase over the forecast period.
In 2014, approximately 54% of the world’s population resided in urban areas. This is projected to expand to 66% by 2050 (according to the United Nations DESA website), especially in China and India. Urbanization is expected to boost the demand for plastic pipes in buildings for various applications such as water and wastewater drainage systems, gas pipelines, etc. Significant increase in urbanization is anticipated to further fuel the demand for plastic pipes in the near future.
Scope of product maintenance and replacement boosting the sales of plastic pipes
Pipes function as a medium of conveyance of important liquids and gaseous materials over long distances and owing to various external factors, are susceptible to deterioration over time. Unchecked damages in aged pipelines can lead to leakages, resulting in loss of materials as well pollution in the environment. Replacement of such aged pipes is mandatory and the demand for replacement has been on a steady rise over the past few years as is evident from the gas distribution companies in the United States that are replacing their older worn-out pipes with new high strength plastic pipes at the rate of around 40,000 kilometers on a yearly basis, according to a 2017 report by the American Gas Association. Cast and wrought iron pipes, which happen to be the oldest known pipe material type, used for the purpose of material transportation, especially in the Oil and Gas sector, are being replaced by new PVC pipes.
Global Plastic Pipes Market Attractiveness Index by End Use Industry
The building and construction segment is estimated to hold 21.3% share of the global plastic pipes market by 2024 end and is projected to create an incremental $ opportunity of US$ 3,113.8 Mn between 2016 and 2024. The oil and gas segment is estimated to hold 13.4% value share in the global plastic pipes market by 2024 end and is anticipated to register a CAGR of 6.5% over the forecast period. Rising demand for oil and gas from industrial and domestic applications and growing pipeline projects and related maintenance are expected to drive the global plastic pipes market. The water use and water withdrawal segments are projected to witness substantial growth in the global plastic pipes market.
Increasing plastic waste may act as a restraint to the global plastic pipes market
The quantum of solid waste is ever increasing owing to an increase in population, industrial production, increasing usage in daily products and development of different forms of plastics and composites. Plastic waste makes for a significant portion of the total municipal solid waste (MSW). Every day, tons of plastic waste is generated around the globe and one third of it is not even recycled and is simply dumped – that’s approximately 10,000 Tons per day (TPD) of plastic waste i.e., around 9% of 1.2 lacs TPD of MSW in Europe and America. Between 22 & 43 percent of plastic across the world is disposed of in landfills, where its resources are wasted, as it takes up valuable space and can cause hazardous effects to the environment.
This plastic waste either decomposes slowly or merely decomposes and remains unburied for decades. Also, this waste gets carried away with water and wind to different places and adversely affects the ecology. Almost every country has set regulations to control the plastic waste and encourage recycling and reuse of plastics. These regulations often prove to be a restraint for the plastic production market and compel manufacturers to produce standard and regularized products. Growing plastic waste and stringent norms regarding plastic products are expected to be an impediment to the growth of the global plastic pipes market.