Growing demand for wastewater management in industrial and municipal sectors, is resulting in governments spending hefty amounts on new pipeline installations as well as operation and maintenance of water and wastewater management. According to the market estimates, the global plastic pipe market is projected to reach ~US$ 51 Bn by the end of the forecast period, registering ~CAGR of 5%.
The main reason cited for the increase in the plastic pipe market size is the necessity of pipelines in the construction industry and wastewater management. Additionally, based on the considerations outlined in the report, PVC pipes have much higher growth potential compared to other segments. Therefore, the global market for PVC pipes appears promising with a CAGR of ~5%, mainly driven by Asia Pacific and North America.
The report covers a complete study of the plastic pipe market with an analysis of different types of pipes. The report summarizes the parent market for plastic pipe, and markets, which are going to impact the growth of the plastic pipe market. It provides a brief description about how the plastic pipe market will perform in various regions around the world according to the previous performance and future potential in respective regions.
Growth of Construction Industry Propelling Demand for Plastic Pipes
Plastic pipes are an imperative part of the construction industry, with numerous applications, including water pipelines, gas pipelines, wastewater drainage systems, HVAC systems, etc. Residential, commercial, and industrial sectors comprise the construction industry. Steady growth across the globe, is creating surplus demand for raw materials used in the building industry. Countries such as the U.S., India, and China are estimated to contribute more than 50% to the growth in the construction industry in the forecast years, subsequently contributing to the growth of plastic pipes market.
Increasing Projects in the Field of Water Management
According to the USAID, more than 780 Mn people do not have access to safe drinking water and 2.5 Bn people do not have access to proper sanitation facilities. Growing population coupled with rising demand for food has resulted in increased need of freshwater. Rapid urbanization in developing regions such as China, India, Indonesia, and others has subsequently resulted in increased spending on infrastructure, which includes water, power, and transportation.
Since water is an essential amenity for humans, governments are taking initiatives to cater to the rising demand for water for domestic and agricultural purposes through the installation of new water pipeline networks. Thus, growing water management activities, supported by government initiatives, in turn, are expected to drive the global plastic pipes market growth over the forecast period.
Plastic Pipe Market – Competitive Landscape
Unprecedented demand in the construction industry and its potential impact on suppliers of plastic pipe have been assessed. Moreover, plausible manufacturing outlook for plastic pipes has boosted the sentiments of manufacturers. In terms of market structure, the plastic pipe market shows a perfect competitive scenario, where enormous brands are flooded in the market. The top 8-10 brands/companies operating in the global plastic pipe market hold a major share.
Over the past five years, an increase in the number of consolidation and expansion activities has been witnessed in the plastic pipes market. This can primarily be attributed to the efforts being made by companies to meet the rising demand for pipes and gain access to high-growth markets of Asia Pacific as well as to strengthen their foothold in regions such as Europe and North America.
Prominent players covered in the plastic pipe market report include
Deep-dive analysis of the plastic pipes market has offers that the market is growing at an impressive rate in Asia Pacific, which hold a large share of the global plastic pipes market. The North America plastic pipes market is estimated to be an opportunistic market in terms of sales. Leading companies are offering pipe products with advanced characteristic properties such as enhanced strength and stiffness to meet various application requirements. The plastic pipes market is characterized by the presence of few big players from North America, India, and China.
Growing demand for HDPE pipes for water irrigation systems in agriculture industry coupled with rising sewage disposal infrastructure development across the globe is expected to fuel the demand for HDPE pipes during the forecast period. The impact of other market restraints will remain steady globally in the plastic pipes market, and is projected to grow vividly over the forecast period. Technological innovations along with collaborations and mergers & acquisitions by key market participants will also give impetus to the plastic pipes market.
Persistence Market Research (PMR) recently published a study report on the global plastic pipes market. The report provides detailed valuation on the key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the plastic pipes market structure. This market research report represents exclusive facts and figures about how the plastic pipes market will grow over the forecast period.
Key indicators of market growth, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the plastic pipes market over the forecast period.
The study is relevant for manufacturers, stakeholders, distributors, suppliers, and investors, and can help them understand applicable strategies to grow in the plastic pipes market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the plastic pipes market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the plastic pipes market. The study also offers actionable insights based on the future trends in the plastic pipes market. Furthermore, regional players and new entrants in the plastic pipes market can also use the information presented in this report to make business decisions and gain momentum in the market.
Key Segments of the Plastic Pipes Market
PMR’s study on the plastic pipes market is divided into four significant segments- material type, application, end use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Plastic Pipes Market Report
Plastic Pipes Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the plastic pipes market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.
Secondary resources referred by analysts during the evaluation of the plastic pipes market study include facts and figures from World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies in the plastic pipes market to make PMR’s projection on the growth prospects of the plastic pipes market more accurate and reliable.