Plastic Pipes Market is Poised to Reach US$ 44 Bn in Terms of Revenue by 2024

Posted by ashutosh sable on September 27th, 2017

In pace with the technological developments, facilities of water supply and treatment have been subject to rapid transformation. Attributed to various technological developments, water supply is routed through effective piping network. Plastic pipes witness relatively more demand as compared to the mortar or metal pipes for water supply network. The global plastic pipes market will witness a growth of 5.5% CAGR over the forecast period, 2016-2027.

Market Dynamics

Relatively low cost of the raw materials, and increasing need for effective maintenance and replacement rate among other piping operations is likely to fuel demand for plastic pipes globally. Moreover, housing markets and the real estate sectors across developing and developed countries are gaining stability, which is likely to impact the growth of the global plastic pipe market significantly. With increasing technological development, the water supply and treatment techniques have been subject to significant transformation. This is likely to contribute towards growth of the global plastics pipe market during the predicted years. Furthermore, growing preference for HDPE pipes for various applications will boost growth of the global plastic pipe market.

In contrast to this, imposition of strict regulations, and growing plastic waste has limited the application and processing of polymer and plastic materials. Moreover, increasing availability of substitutes for plastics including aluminum, concrete, and metallic fiber is likely to inhibit growth of the global plastics pipe market through 2027.

Segmentation Analysis

Telecommunication and electronics infrastructure globally has led to increasing demand for plastic pipes in order to protect the exposed components and various underground cables. The construction and building industry among other end users will represent a major end user of the plastic pipes. This segment includes commercial, industrial, and residential sectors, which are likely to witness surge in demand for the raw materials that are used in the construction industry. The plastic pipes mainly find application in the construction of the gas pipelines, water drainage systems, HVAC systems, and water pipelines.

PE and PVC materials among other types of plastics will account for a global market value of around 80% during the predicted period. Oil & gas piping, and water supply section is likely to gain significant traction among other end users. These segments will reflect a growth of over 5.5% CAGR growth by the end of 2027. Plastic pipes will account for over 70% of the global revenues due to liquid conduits as compared to gas conduits or other applications.

Regional Analysis

Europe and North America among other regions is likely to contribute around 45% of the global revenues during the predicted period. The market for plastic pipes in APAC will mainly contribute over 40% of the market revenues throughout 2027.

Market Players

Leading market players operating in the global plastics pipe market include Sekisui Chemical Co., Ltd., Aliaxis Group S.A., Mexichem SAB de CV, Wienerberger AG, ASTRAL POLYTECHNIK LIMITED, JM Eagle, Inc., Geberit AG, China Lesso Group Holdings Ltd., Nan Ya Plastics Corp., Geberit AG, Chevron Phillips Chemical Company, Finolex Industries Ltd., Georg Fischer Ltd., Formosa Plastics Corporation, Advanced Drainage Systems Incorporated., Georg Fischer Ltd., Supreme Industries Ltd., Contech Engineered Solutions LLC, AGRU Kunststofftechnik Gesellschaft M.B.H., Prince Pipes & Fittings India Private Limited., FRANK GmbH, and Polypipe Group Plc.

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