According to a new market report published by Lucintel, the future of the plastic
pipe market looks attractive with opportunities in the potable water, waste water
supply, electrical and telecommunication, agriculture, chemical, and oil and
gas sectors. The global plastic pipe market is forecast to grow at a CAGR of 6.8%
from 2015 to 2020. The major growth drivers for this market are infrastructure
development, rise in construction activities, replacement of aging pipelines made
of traditional materials, growing population, and growing urbanization rate.
In this market, polyvinyl chloride, polyethylene,
and polypropylene are the major raw
materials used to manufacture plastic pipes. Lucintel predicts that the demand
for PE (polyethylene) plastic pipes will experience the highest growth in the
forecast period, supported by growing demand in the chemical sector and sewage
applications. On the basis of its comprehensive research, Lucintel forecasts
that the wastewater supply, agriculture, and chemical sectors are expected to
show above average growth during the forecast period.
Within the plastic pipe market, wastewater
supply is expected to remain the largest application followed by potable water
supply applications. The growth of residential and commercial construction and the boom in infrastructure development are
expected to spur growth for this segment over the forecast period.
Asia pacific is expected to remain the largest
market as well as have the highest growth over the forecast period due to
growth in drainage, sewage, storm, and other wastewater
supply applications, especially in China and India, with increasing
urbanization and high growth in construction and
infrastructure development.
For market expansion, the report suggests new
product development, where the unique characteristics of plastic pipes can be
capitalized. Emerging trends, which have a direct impact on the
dynamics of the industry, are the usage of anti-microbial plastic pipes to
improve hygiene and replacement of traditional material pipes with eco-friendly
ABS and PE plastic pipes. Mexichem SAB de CV, China
LESSO Group Holdings Limited, Sekisui Chemical Co., Ltd, Formosa Plastics
Group, and Advanced Drainage Systems Inc. are among the major manufacturers of plastic
pipes.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed the global plastic pipe market by end use application, material type, and
region, and has come up with a comprehensive research report, “Growth
Opportunities in Global Plastic Pipe Market 2015-2020: Trend, forecast, and
Market Analysis.” The
Lucintel report serves as a spring board for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast of the global plastic pipe market through 2020,
segmented by end use application, material type process, and region as follows:
By end use application [$ billion shipment from
2009 to 2020]:
·
Potable Water Supply
·
Waste Water Supply
·
Electrical and Telecommunication Cable
Protection Pipes
·
Agriculture Sector
·
Chemical Sector
·
Oil and Gas Sector
By material type [$ billion shipment from 2009
to 2020]:
·
PVC Pipes
·
PE Pipes
·
PP Pipes
·
Others
By region [volume (million tons) and $ billion shipment from
2009 to 2020]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This 254-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click
on this link http://www.lucintel.com/reports/construction/growth_opportunities_in_global_plastic_pipe_market_2015_2020_trend_forecast_and_market_analysis_december_2015.aspx or
helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategy for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth consulting, M
& A and due diligence services to executives and key decision-makers in a
variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.1) How big are the opportunities for
global plastic pipe market by applications, by materials, and regions?
Q. 2) Which product /
segments will grow at a faster pace and why?
Q. 3) Which regions will
grow at a faster pace and why?
Q.4)
What are the key factors affecting market dynamics? What are the drivers,
challenges, and business risks to the market?
Q.5) What are the
business risks and threats to the market?
Q.6) What are the
emerging trends in this market and reasons behind them?
Q .7) What are some
changing demands of customers in the market?
Q.8) What are the new developments in the market?
Which companies are leading these developments?
Q.9) Who
are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10)
How is the competitive rivalry and threat of substitution in this market?
Q.11)
What are the recent M & A activities in the past 2-3 years in this market?
What reasons can be attributed to these activities and how have they impacted
the industry?
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