Plastic Pipes Market Expand Their Businesses With New Investments And Coming Future – The Courier

By On Apr 26, 2021
Persistence Market Research (PMR) has published a new market study on the Plastic Pipes market that includes the global industry analysis for 2014-2018 and the forecast for 2019-2029. The report specifically takes into account plastic pipes used in the construction industry, particularly in residential and commercial applications (excluding industrial plant construction). Generally, pipes are used for plumbing, heating and cooling, floor and waste, HVAC (ventilation, air conditioning), and other systems. Other industries such as oil and gas, agriculture, and chemicals also make prominent use of plastic tubing.
In addition, the report provides a thorough analysis of the Plastic pipe market for the next ten years. The report on Plastic Pipes summarizes macroeconomic factors that could support and affect market growth as well as forecast factors. The market size corresponded to a turnover of ~ 30 billion USD in 2018 and is expected to grow at a moderate CAGR of ~ 5% in the assessment period, which is significantly influenced by the cyclical trend in the construction industry and the introduction of new products.
Requirements report example @ https://www.persistencemarketresearch.com/samples/16597
Which region is expected to hold a significant market share over the forecast period?
What are the main drivers for plastic pipe demand over the forecast period?
How will current trends affect the plastic pipe market?
Who are the key players in the plastic pipe market?
What are the key strategies of prominent players in the plastic pipe market to improve their position in this landscape?
Construction and oil and gas exploration projects – a big boost
Countries like the US, India and China are 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 increasing onshore exploration activity and the increasing transport via pipelines should, in turn, stimulate demand for pipelines during the forecast period.
In the near future, more than 130 ongoing projects for natural gas exploration and transportation pipelines in the United States are expected to be completed. The expansion of electronics and telecommunications has led to an increased demand for pipelines to protect underground cables. This global expansion of the electronics and telecommunications industry should fuel the demand for plastic pipes in the forecast period.
More than 50% of the world’s population lives in urban areas. According to the DESA website of the United Nations, this percentage is expected to rise to 66% by 2050, particularly in China and India. Increasing urbanization is expected to increase the demand for plastic pipes for various uses, e.g. B. Sewage drainage systems, gas pipes and water pipes.
With increasing activities in the field of municipal and industrial wastewater treatment, the demand for a strong network of collection systems for combined sewers, separate sewers and industrial wastewater is increasing worldwide. A significant increase in urbanization is expected to further fuel the demand for plastic pipes in the near future.
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Plastic pipe market in Asia Pacific is booming
Since water is an essential amenity, governments are taking initiatives to meet the increasing demand for water for domestic and agricultural use by installing new water supply networks. Hence, growing water management activities supported by government initiatives are expected to drive the growth of the plastic pipe market over the forecast period.
Increasing construction activity, particularly in the residential and commercial segment of the North America region, should drive demand for plastic pipes for applications such as sewer and exhaust pipes, plumbing and water pipes. This is largely due to efforts by companies to meet growing demand for tubing and gain access to the high-growth markets in the Asia-Pacific region. The Asia-Pacific region is estimated to have a prominent share of the global plastic pipe market, followed by North America in the forecast years.
Company Profiles:
Aliaxis Group SA
Sekisui Chemical Co., Ltd.
Wienerberger AG
Mexichem SAB de CV
JM Eagle, Inc.
ASTRAL POLYTECHNIK LIMITED
China Lesso Group Holdings Ltd.
Geberit AG
Szeplast Plastic Compound Corp.
Finolex Industries Ltd.
Chevron Phillips Chemical Company
Formosa Plastics Corporation
Georg Fischer Ltd.
Advanced Drainage Systems Incorporated
Contech Engineered Solutions LLC
Supreme Industries Ltd.
Polypipe Group Plc
Prince Pipes & Fittings India Private Limited
AGRU Kunststofftechnik Gesellschaft MBH
FRANK GmbH
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