Plastic Pipes Market 2022
Plastic Pipes Market 2022
According to market estimates, the global plastic pipe market is expected to reach ~US$51 billion by the end of the forecast period, registering a CAGR of 5%.
Persistence Market Research (PMR) has released a new market study on Plastic Pipes Market that includes Global Industry Analysis for 2014-2018 and Forecasts for 2019-2029. The report looks specifically at plastic pipes used in the construction industry, particularly in residential and non-industrial commercial applications. Generally, tubing is used for plumbing, heating and cooling, floor and waste, HVAC (ventilation, air conditioning), and other systems. Other industries such as oil and gas, agriculture and chemicals also make prominent use of plastic tubing.
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Construction and oil and gas exploration projects – a strong impetus
Countries like USA, India and China are major contributors to the growth of the construction industry including residential, commercial and industrial sectors and it is estimated that they will contribute more than 50% to the growth of the global construction industry in the near future. In turn, increasing onshore exploration activity and pipeline transport are expected to boost demand for pipes during the forecast period.
More than 130 ongoing natural gas exploration and transportation pipeline projects in the United States are scheduled for completion in the near future. The expansion of electronics and telecommunications has led to an increased demand for pipelines to protect underground cables. This global expansion of electronics and telecommunications industry is expected to boost the demand for plastic tubing over the forecast period.
More than 50% of the world’s population lives in urban areas. According to the United Nations DESA website, this percentage is projected to rise to 66% by 2050, mostly in China and India. The growing urbanization is expected to increase the demand for the production of plastic pipes for various applications such as sewage drainage systems, gas pipelines and water pipelines, among others.
With increasing activity around municipal and industrial wastewater treatment, there is a growing global demand for a strong network of collection systems for combined sewers, separate sanitary sewers and industrial wastewater. The significant increase in urbanization is expected to further fuel the demand for plastic pipe in the near future.
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The plastic pipe market in Asia Pacific is thriving at a rapid pace
As water is an essential convenience, governments are taking initiatives to meet the increasing demand for water for household and agricultural purposes by installing new water supply networks. Hence, growing water management activities supported by government initiatives are expected to propel the growth of the plastic pipe market over the forecast period.
Rising construction activity, particularly in the residential and commercial segments of the North America region, is expected to boost demand for plastic tubing for applications such as sewage, exhaust, plumbing and water piping. This is primarily due to the companies’ efforts to meet the increasing demand for tubes and gain access to the high-growth markets in the Asia-Pacific region. It is estimated that Asia-Pacific will hold a significant share of the global plastic pipe market in the forecast years, followed by North America.
Plastic Pipes Market: Competitive Landscape
Some prominent market players involved in plastic pipe manufacturing are Aliaxis Group SA, Sekisui Chemical Co., Ltd., Wienerberger AG, JM Eagle, Inc., ASTRAL POLYTECHNIK LIMITED, China Lesso Group Holdings Ltd., Geberit AG, Nan Ya Plastics Corp., Finolex Industries Ltd., Chevron Phillips Chemical Company, Formosa Plastics Corporation, Georg Fischer Ltd., Advanced Drainage Systems Incorporated, Supreme Industries Ltd., Polypipe Group Plc, Prince Pipes & Fittings India Private Limited and AGRU Kunststofftechnik Gesellschaft MBH .
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Key questions answered in this report.
• What will the market growth rate be in the future?
• What are the key factors driving the global market?
• Who are the main manufacturers in the market?
• What are the opportunities and risks facing the providers in the global industry?
• What is sales, revenue and price analysis by industry region?
Region coverage (regional production, demand &
Forecast by country etc.):
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Plastic Pipes Market Manufacturers
Plastic Pipes Market Distributors/Retailers/Wholesalers
Manufacturer of plastic tubing for the sub-components market
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This version was published on openPR.