According to the recent study the Plastic Pipe Market is projected to reach an estimated $100 billion by 2028 from $76 billion in 2022, at a CAGR of 3.9% from 2023 to 2028. Growth in this market is primarily driven by growing residential and non-residential construction activities, replacement of aging pipelines, and increasing awareness of the attractive properties of plastic pipes.
Browse 73 figures/charts and 52 tables in this 202 -page report to understand trends,
opportunities and forecast in plastic pipe market by 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).
“PE pipes market is expected to remain the largest segment during
the forecast period.”
Based on polymer type,
the plastic pipe market is segmented into PVC (Poly Vinyl Chloride) pipes, PE
(Poly Ethylene) pipes, PP (Poly Propylene) pipes, and others. Lucintel
forecasts that the PE pipes market is expected to remain the largest segment
due to heat resistance, low cost, durability, minimal maintenance requirements,
and superior energy efficiency.
“Within the plastic pipe market, the wastewater segment is
expected to remain the largest application.”
Based on application the
wastewater segment is expected to witness the highest growth over the forecast
period.
“Asia pacific will dominate the plastic pipe market in near
future.”
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.
Major players of plastic
pipe market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and collaborations
to expand their presence in this market. Orbia, Mexichem SAB, China Lesso
Group, Sekisui Chemical, Formosa Plastics Group, Advanced Drainage Systems are
among the major plastic pipe providers.
This unique 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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