Air pipes

Plastic pipe market expected to reach $51 billion by the end

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 ~5% CAGR.

This report provides in depth study of “Plastic Pipes Market” using SWOT analysis i.e. Strengths, Weaknesses, Opportunities and Threats to the organization. The Plastic Pipes Market report also provides an in-depth study of key players in the market which is based on the various objectives of an organization such as profiling, product outline, production quantity, required raw material and the financial health of the organization.

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Persistence Market Research (PMR) has published a new market study on Plastic Pipes Market which includes the global industry analysis for 2014-2018 and forecast for 2019-2029. The report specifically examines plastic pipes used in the construction industry, particularly in residential and commercial applications (excluding industrial plant construction). Typically, pipes are used for plumbing, heating and cooling, ground and waste, HVAC (ventilation, air conditioning), and other systems. Other industries such as oil and gas, agriculture and chemicals also use plastic pipes.

In addition, the report offers an in-depth analysis of the plastic pipe market for the next ten years. The Plastic Pipes report summarizes the macroeconomic factors that could aid and influence market growth and forecasting factors. The market size was roughly equivalent to revenues of around US$30 billion in 2018 and is expected to grow at a moderate CAGR of around 5% over the assessment period, largely influenced by the cyclical trend of l construction industry and new product launches.

Key Companies-

• Aliaxis Group SA
• Sekisui Chemical Co., Ltd.
• Wienerberger AG
• Mexichem SAB de CV
• JM Eagle, Inc.
• China Lesso Group Holdings Ltd.
• Geberit AG
• Nan Ya Plastics Corp.
• Finolex Industries Ltd.
• Chevron Phillips Chemical Company
• Formosa Plastics Corporation
• Georg Fischer AG.
• Advanced drainage systems incorporated
• Contech Engineering Solutions LLC
• Supreme Industries Ltd.
• Polypipe Group Plc
• Prince Pipes & Fittings India Private Limited
• AGRU Kunststofftechnik Gesellschaft MBH

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Construction and Oil and Gas Exploration Projects – A Strong Push

Countries like the United States, India and China are the major contributors to the growth of the construction industry, including the residential, commercial and industrial sectors, and are estimated to contribute more than 50 % to the growth of the global construction industry in the near future. The increase in land exploration activity and pipeline transportation is in turn expected to boost the demand for pipes during the forecast period.

More than 130 ongoing natural gas exploration and transmission pipeline projects in the United States will be completed 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 in the electronics and telecommunications industry is expected to fuel the demand for plastic pipes during the forecast period.

More than 50% of the world’s population resides in urban areas. This percentage is expected to increase, particularly in China and India, to reach 66% by 2050, according to the United Nations DESA website. Growing urbanization is expected to increase the demand for plastic pipe manufacturing for various applications, such as sewage drainage systems, gas pipes, and water pipes, among others.

With the increase in activities around municipal and industrial wastewater treatment, the demand for a robust network of collection systems for combined sewers, separate sanitary sewers and industrial wastewater is increasing across the world. A significant increase in urbanization is expected to further fuel the demand for plastic pipes in the near future.

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PMR Plastic Pipes Market Report Key Questions Answered

• Which region is expected to hold a major market share during the forecast period?
• What will be the major driving factors for the demand for plastic pipes during the forecast period?
• How will current trends impact the plastic pipe market?
• Who are the major market players in the plastic pipe market?
• What are the crucial strategies of the main players in the plastic pipes market to strengthen their positions in this landscape?

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This press release was published on openPR.