Cured-in-place-pipe (CIPP) Market Outlook, Key Players, Segmentation Analysis, Growth Factor and Forecast to 2028 – The Navajo Post
The global hardened-in-place pipe (CIPP) market witnessed strong growth in 2020 and is expected to maintain a constant compound annual growth rate (CAGR) throughout the forecast period. Key drivers of market growth include increasing demand for CIPP due to increased municipal spending to rehabilitate public utilities such as aging sewer and water mains, and recognition of the benefits of CIPP over other trenchless technologies. The market is also expected to benefit from infrastructure development and rapid urbanization.
CIPP is widely used as a trenchless technique to rehabilitate damaged pipelines, especially in urban areas with extensive water and sewage infrastructure. With this technology, a seamless pipe is built into an existing pipe, so no excavation is required. Capable of rehabilitating pipes from 0.1 to 2.8 meters in diameter, CIPP offers a fast and efficient solution without interrupting pipeline operations for long periods of time.
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Key Factors Driving Global CIPP Market Growth: Several favorable factors are contributing to the significant revenue growth of the global CIPP market. The increasing preference of CIPP technology over traditional trenchless repair and maintenance methods is driving the market expansion. CIPP’s shorter duration, cost-effectiveness, and other beneficial properties encourage its acceptance. Municipalities are investing more in repairing aging sewage and water systems, further fueling market growth. Additionally, growing awareness of the benefits of CIPP and trenchless remediation techniques is driving the global market.
Factors restraining the growth of the global CIPP market: The growth of the global CIPP market is faced with certain unfavorable factors. Climate change may affect the performance of CIPP thus limiting the market growth over the forecast period.
Opportunities for Players in the Global CIPP Market: CIPP repair offers both short- and long-term cost reductions. The simplified installation method reduces labor costs associated with traditional pipe repairs, and because excavation is not required, CIPP is significantly less expensive. Additionally, restorative landscaping, often required after excavation repairs, is a costly aspect eliminated by CIPP, presenting a promising opportunity for market participants.
Current trends indicate the availability of various CIPP trenchless repair alternatives with advances in technology. For example, manhole to manhole lining offers a less invasive method of repairing municipal pipe networks. CIPP Sectional Spot Repair can fix minor pipe damage such as corrosion or cracks at specific locations.
Global CIPP Market Revenue Led by Raw Materials Segment: The saturated polyester resins segment dominates the global market due to its lower cost of production compared to vinyl ester and epoxy resins. This factor drives the demand for CIPP.
World’s Leading CIPP Process Segment: The upstream access point segment holds the largest market share as it is the most widely used process and has seen significant growth in this segment.
Global CIPP Market Leading End-Use Segment: The gravity pipeline segment dominates the global market primarily due to its extensive use in sewage systems. Gravity pipelines provide users with reliable water transportation at no additional cost.
North America holds the largest revenue share of the global CIPP market: North America holds a significant share of the global CIPP market in terms of revenue. The region’s superiority is attributed to the large number of pipelines, particularly in the United States, where about 0.8 million miles of drainage pipes are over 60 years old and in need of repair.
Asia-Pacific Remains Leading in Revenue CAGR: The CIPP market in Asia-Pacific is expected to register the highest revenue CAGR during the forecast period. The region is heavily dependent on groundwater, leading to increased infrastructure spending to modernize and treat existing sewers in countries like China and India.
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