Global Plastic Pipes Market Production, Supply, Demand, Industry structure, Size, Share, Trends, Growth Prospects, Demand Analysis and Forecast 2023

 Industry Insight

Investors are preparing for investing in the global plastic pipes market since the aftermath of the long-term impact of COVID-19. Market Research Future finds that how pandemic can change the market’s growth stream. The research came to the point that a 5% CAGR of rate is recorded at which the market will regain its position and would achieve a valuation of ~ USD 40 billion in the years 2018–2023 (forecasted period).

Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7619

Notable Developments

Around the world, huge amounts of money are currently being invested in the expansion of the pipes for multiple uses, from protecting the expensive cables against harmful environmental influences to many. In this case, cable protection pipes are used that are made of plastics. This is one example of how current megatrends plastic pipes are going round the world. In the present study, MRFR analyzes the entire world market for plastic pipes and its growth points. 

The global economic growth, escalating awareness of the benefits of plastic pipes, expansion in the construction industry, and growing maintenance and replacement of aging pipeline infrastructure will drive growth in the forecasted period. In fact, advances in plastic pipe and its soaring demand in Eastern and Western Europe are likely to accelerate throughout the year of 2023 as it is supported by recovering construction expenditure. The energy, agriculture, and industrial sectors lean to be less intensive users of plastic pipe than is construction. However, advancements in technology and plastic materials have helped plastic pipe amplify its share in many of these markets.

Case of a point: In oil and gas applications, plastic accounts a small share of the total pipe market, but escalating the use of some materials, such as fiberglass in oil pipelines and HDPE in natural gas distribution. This will support plastic pipe demand going forward.

On the contrary, the factors that could hinder the growth of the plastic pipes market in the future include reductions in free trade and rising environmental concerns regarding the use of plastics.

Segmentation of Market

The worldwide plastic pipes market has been segmented on material and end-use. 

In terms of the material segment, the market has included PE (HDPE and LDPE), PVC, PP, and others. The PVC segment might witness a noteworthy growth rate during the assessment period. PVC pipes have a extensive variety of applications in wastewater, drinking water, and oil & gas owing to properties such as cost-effectiveness, safety, durability, and recyclability. 

In terms of end-use segment, the market has included irrigation, oil, and gas, as well as water and wastewater. The construction segment might display high growth during the assessment period. The construction industry in residential and non-residential is growing at a steady pace, and this has resulted in surged demand for raw materials in the construction industry. Here, pipes form a necessary part of the building and construction industry and find applications in HVAC systems, water & waste pipelines, gas pipelines, and others.

Regional Front

Growth in the global plastic pipe market and its demand will be robust in the developing countries of Africa, Asia, and South America owing to hard work to expand access for potable water and sewage systems. The market prospect for water and sewer systems is hefty, as an extensive share of the population in these regions does not have dependable access to drinking water supply or improved sanitation. The moderately low cost and ease of installation of the plastic pipe give it advantages over other pipe materials in these regions, resulting in grasping high market shares in the future as well. 

Advances in plastic pipe demand in the developed regions of Eastern and Western Europe are likely to accelerate through 2019, supported by recovering construction expenditure. Also, the demand in both regions contracted following the global economic recession but began to recover in 2013.

Industry Players

The leading industry players include Wienerberger AG (Austria), Aliaxis Group S.A. (Belgium), JM Eagle, Inc. (US), Mexichem SAB de CV (Mexico), China Lesso Group Holdings Ltd. (China), Georg Fischer Ltd. (Switzerland), ASTRAL POLYTECHNIK LIMITED (India), Finolex Industries Ltd. (India), Geberit AG (Switzerland), and Hilliard, OH (US).

Browse complete report @ https://www.marketresearchfuture.com/reports/plastic-pipes-market-7619

Company name: Market Research Future

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Popular posts from this blog

Construction Equipment Rental Market to Benefit from Investments Made by Developing Countries By type Study forecast 2023

Duplex Stainless Steel Market Rise Impacted By Product By Type By Application Forecast 2025

Fiber Cement Board Market is estimated to Exhibit 7.4% CAGR Industry Growth Forecast 2025