Southeast Asia Pipes Market Report 2021: Market to Reach $24.8 Billion by 2028

Dublin, December 02, 2021 (GLOBE NEWSWIRE) – The Southeast Asian Pipes market size, share and trend analysis report by product, by application (plumber, drainage / plumbing, HVAC), by end use (residential, commercial), by country and segment forecasts , 2020-2028 “report was added to ResearchAndMarkets.com to offer.

The Southeast Asia pipe market is projected to reach US $ 24.8 billion by 2028 and grow at a CAGR of 3.3% from 2020 to 2028

Growing investments in infrastructure development and the use of the product in building renovation are factors that are expected to drive industry growth over the forecast period.

Factors such as changes in commodity prices, strict government regulations on industrial processes, environmental policies, and product sustainability are likely to affect product manufacturers’ profit margins. Investors are exposed to a high degree of long-term risks due to possible disruptions in the demand for raw materials and fluctuations in oil prices on the world market.

The COVID-19 pandemic has severely affected the growth of the market in the region. Lockdown measures to contain the spread of the virus in several countries, as well as disrupting the global supply chain, have impacted the majority of industries, including construction, food and chemical processing.

In addition, complexities in the supply chain also led to a shortage of raw material supplies for the manufacture of pipes.

Southeast Asia Pipes Market Report Highlights

  • The Polypropylene Tubing segment had a $ 4.5 billion share of sales in 2020 due to its superior chemical resistance and lower thermal conductivity, which encourages its use in HVAC and drainage systems

  • The Sanitary Applications segment is expected to generate sales of $ 5.6 billion by 2028 due to the growth of residential and commercial construction in the region due to the increasing adoption of the “China plus One” strategy by the major industry players

  • The commercial sector had a 72.8% share of sales in 2020 due to the high consumption of the product in water supply infrastructure, hospitals and industrial plants

  • In Vietnam, due to increasing investments in the development of drainage and sewage systems in the country, driven by plans such as trenchless sewer rehabilitation, a CAGR of 4.0% is expected from 2020 to 2028

  • Manufacturers focus on making new products to strengthen their market position. For example, in March 2021, Wavin launched its advanced low-noise pipe system Wavin AS + in Indonesia, which is currently experiencing significant urbanization and infrastructure development

Market dynamics

The story goes on

Market driver analysis

Analysis of market reluctance

Porter’s analysis

Company profiles

  • UHM Co., Ltd.

  • Bina Plastic Industries Sdn. Bhd.

  • Bute engineering

  • Vesbo Asia Pte., Ltd.

  • Kobelco

  • Aik Hock Industrial Pte., Ltd.

  • Binh Minh plastics

  • Fine Metal Technologies Aktiengesellschaft Limited

  • Thai Premium Pipe Co., Ltd.

  • George Fischer Pte., Ltd.

  • Chinh Dai Industrial Co., Ltd.

  • Wavin Asia Pacific

  • Khoi Viet Co., Ltd.

  • Pipeline Industry Sdn. Bhd.

Please visit https://www.researchandmarkets.com/r/k8m8f2 for more information on this report

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