According to
a new market report published by Lucintel, the future of the global plastic pipe market looks promising with opportunities in water and wastewater, agriculture, chemical, and
electrical & telecommunication cable protection. The global plastic
pipe market is expected to reach an estimated $87 billion by
2023 and is forecast to grow at a CAGR of 6.2% from 2018 to 2023. The major
growth drivers for this market are growing residential and non-residential construction
activities, replacement of aging pipelines, and increasing awareness of the
attractive properties of plastic pipes.
In this market, PVC (Poly Vinyl Chloride), PE
(Poly Ethylene), and PP (Poly Propylene) are the major polymer types used to
manufacture plastic pipes. On the basis of comprehensive research, Lucintel
forecasts that PE pipes are expected to witness significant growth over the
forecast period because of their heat resistance, low cost, durability, minimal
maintenance requirements, and superior energy efficiency.
By application type, the global plastic pipe
market is segmented into potable water, wastewater, electrical and telecommunication
cable protection, agriculture, chemical, and oil & gas. The wastewater segment
is expected to witness significant growth over the forecast period.
By diameter type, the global plastic pipe
market is segmented into small diameter pipes and large diameter pipes. The small
diameter pipe segment is expected to remain the largest segment over the
forecast period.
APAC is
expected to remain the largest market and witness the highest growth rate over the
forecast period due to the increasing urbanization, infrastructure development,
and the continuous growth of the residential construction and industrial
sectors.
Emerging trends, which have a direct impact on the
dynamics of the industry, include the usage of anti-microbial plastic pipes to
improve hygiene, replacement of traditional material pipes with eco-friendly
ABS (Acrylonitrile Butadiene Styrene) and PE plastic pipes, and increasing
consumption of multilayer plastic pipes in gas distribution. Mexichem SAB, China
Lesso Group, Sekisui Chemical, Formosa Plastics Group, and Advanced Drainage
Systems are among the major suppliers of the plastic pipe market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global plastic pipe market by material, diameter,
application, and region, and has compiled a comprehensive research report
entitled “Growth
Opportunities in the Global Plastic Pipe Market 2018-2023: Trends, Forecast,
and Opportunity Analysis.” The Lucintel report serves as a catalyst for
growth strategy by providing comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global plastic
pipe market by material, diameter,
application, and region, as follows:
By Polymer Type [Value ($ Million) from 2012
to 2023]:
- PVC Pipes
- PE Pipes
- PP Pipes
- Others
By Diameter
Type [Value ($ Million) from 2012 to 2023]:
- Large Diameter Pipes
- Small Diameter Pipes
By Application
[Value ($ Million) from 2012 to 2023]:
- Potable Water
- Wastewater
- Electrical and Telecommunication Cable Protection
- Agriculture
- Chemical
- Oil & Gas
By Region [Value ($ Million) from 2012 to 2023]:
· North America
− United States
− Canada
− Mexico
· Europe
− Germany
− United Kingdom
− Italy
− Spain
· APAC
− China
− India
− Japan
· ROW
This
185-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
helpdesk@lucintel.com. Lucintel
offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies 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 addresses the following key
questions:
Q.1 What are some of the most
promising growth opportunities for the global plastic pipe market by polymer/plastic
type: PVC (Poly Vinyl Chloride) pipes, PE (Poly
Ethylene) pipes, PP (Poly Propylene) pipes, and others; by diameter
(large diameter pipes and small diameter pipes);
application (potable water,
wastewater, electrical, telecommunication cable protection, agriculture,
chemical, and oil and gas); and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace
and why?
Q.3 Which region will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive
threats in this market?
Q.6 What are the emerging trends in this
market and the reasons behind them?
Q.7 What are some of the changing demands of
customers in the market?
Q.8 What are the new developments in the
market and which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q.11 What M & A activity has occurred in the last 5
years?
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