Plastic Pipes Market is Projected to Reach ~US$ 51 Bn by 2029

New York, October 9, 2019 (GLOBE NEWSWIRE) – 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 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.

Additionally, the report offers a thorough analysis of the Plastic Pipes market for the next decade. The report on Plastic Pipes summarizes macroeconomic factors that could support and affect market growth as well as forecast factors. The market size roughly corresponded to a turnover of ~$ 30 billion in 2018, and is expected to grow at a moderate CAGR of ~ 5% during the assessment period, significantly influenced by the cyclical trend in the construction industry and the introduction of new products.

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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 do more than that 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. This percentage is expected to expand in China and India in particular 66% by 2050 according to the United Nations DESA website. 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.

Preview Analysis of Plastic Pipes Market Based on Key Players – JM Eagle, Inc., ASTRAL POLYTECHNIK LIMITED, China Lesso Group Holdings Ltd., Geberit AG, Nan Ya Plastics Corp .: -Research / plastic pipes market.asp

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.

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.

Rising 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 increasing 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.

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Plastic pipe market: competitive landscape

There are only a few prominent market players involved in the manufacture of plastic pipes Aliaxis Group SA, Sekisui Chemical Co., Ltd., Wienerberger AG, JM Eagle, Inc., ASTRAL POLYTECHNIK LIMITED, China Lesso Group Holdings Ltd., Geberit AG, Nan Ya Plastics Corp., Finolex Industries Ltd., Chevron Phillips Chemical Company , Formosa Plastics Corporation, Georg Fischer Ltd., Advanced Drainage Systems Incorporated, Supreme Industries Ltd., Polypipe Group Plc, Prince Pipes & Fittings India Private Limited and AGRU Kunststofftechnik Gesellschaft MBH.

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