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Global Plastics Pipe Market

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In pace with the technological developments, facilities of water supply and treatment have been subject to rapid transformation
Global Plastic Pipe Market to Register a CAGR Growth of 5.5%
In pace with the technological developments, facilities of water supply and treatment have
been subject to rapid transformation. Attributed to various technological developments,
water supply is routed through effective piping network. Plastic pipes witness relatively
more demand as compared to the mortar or metal pipes for water supply network. The
global plastic pipes market will witness a growth of 5.5% CAGR over the forecast period,
2016-2027.
Market Dynamics
Relatively low cost of the raw materials, and increasing need for effective maintenance and
replacement rate among other piping operations is likely to fuel demand for plastic pipes
globally. Moreover, housing markets and the real estate sectors across developing and
developed countries are gaining stability, which is likely to impact the growth of the global
plastic pipe market significantly. With increasing technological development, the water
supply and treatment techniques have been subject to significant transformation. This is
likely to contribute towards growth of the global plastics pipe market during the predicted
years. Furthermore, growing preference for HDPE pipes for various applications will boost
growth of the global plastic pipe market.
In contrast to this, imposition of strict regulations, and growing plastic waste has limited
the application and processing of polymer and plastic materials. Moreover, increasing
availability of substitutes for plastics including aluminum, concrete, and metallic fiber is
likely to inhibit growth of the global plastics pipe market through 2027.
Segmentation Analysis
Telecommunication and electronics infrastructure globally has led to increasing demand
for plastic pipes in order to protect the exposed components and various underground
cables. The construction and building industry among other end users will represent a
major end user of the plastic pipes. This segment includes commercial, industrial, and
residential sectors, which are likely to witness surge in demand for the raw materials that
are used in the construction industry. The plastic pipes mainly find application in the
construction of the gas pipelines, water drainage systems, HVAC systems, and water
pipelines.
PE and PVC materials among other types of plastics will account for a global market value
of around 80% during the predicted period. Oil & gas piping, and water supply section is
likely to gain significant traction among other end users. These segments will reflect a
growth of over 5.5% CAGR growth by the end of 2027. Plastic pipes will account for over
70% of the global revenues due to liquid conduits as compared to gas conduits or other
applications.
Regional Analysis
Europe and North America among other regions is likely to contribute around 45% of the
global revenues during the predicted period. The market for plastic pipes in APAC will
mainly contribute over 40% of the market revenues throughout 2027.
Market Players
Leading market players operating in the global plastics pipe market include Sekisui
Chemical Co., Ltd., Aliaxis Group S.A., Mexichem SAB de CV, Wienerberger AG, ASTRAL
POLYTECHNIK LIMITED, JM Eagle, Inc., Geberit AG, China Lesso Group Holdings Ltd., Nan
Ya Plastics Corp., Geberit AG, Chevron Phillips Chemical Company, Finolex Industries Ltd.,
Georg Fischer Ltd., Formosa Plastics Corporation, Advanced Drainage Systems
Incorporated., Georg Fischer Ltd., Supreme Industries Ltd., Contech Engineered Solutions
LLC, AGRU Kunststofftechnik Gesellschaft M.B.H., Prince Pipes & Fittings India Private
Limited., FRANK GmbH, and Polypipe Group Plc.
For more information kindly, visit @
http://www.persistencemarketresearch.com/market-research/plastic-pipes-market.asp
Author
ashutosh
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Business and Leadership
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Plastic Pipes Market, pipe
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