The Plastic Pipes Market To Grow On A Sensational Note At A CAGR Of ~5% Between 2019-2029

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 addresses plastic pipes used in the construction industry, particularly 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 use prominent plastic pipes.

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Artificial intelligence would be the torchbearer for industrial automation in the next decade. The AI-related techniques will not only lead the wave of technological advancement, they will also prove to be economically relevant. This is due to a powerful and flexible machine software. Function tests on production systems are also expected to be carried out in the future using comprehensive modes for virtual and simulation commissioning.

Production machines would thus be digitally supplied with the “live” data over the entire life cycle of the system. Wireless protocols like 5G would be the buzzword of the future. Persistence Market Research is there with the automation-oriented mindset of its analysts and consultants, followed by insights into it.

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 may support and affect the growth of the market and forecast factors. The market size roughly corresponds to the sales value ~ US $ 30 billion 2018 and is expected to grow moderately CAGR of ~ 5% strongly influenced by the economic development of the construction industry and new product launches during the observation period.

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. It is expected that increasing exploration activity on land and transport via pipelines will in turn stimulate demand for pipes over the forecast period. In the near future, more than 130 ongoing projects for exploration and transportation of natural gas 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 in the electronics and telecommunications industries is expected to fuel demand for plastic pipes over the forecast period.

More than 50% of the world’s population live in urban areas. According to the DESA website of the United Nations, this percentage is expected to increase to 66% by 2050, especially in China and India. Growing urbanization is expected to increase the demand for the manufacture of plastic pipes for various applications, such as sewage drainage systems, gas pipes, and water pipes, among others. With increasing activities related to municipal and industrial wastewater treatment, the demand for a strong network of collection systems for mixed, separate sanitary and industrial wastewater is increasing worldwide. It is expected that a significant increase in urbanization will further fuel the demand for plastic pipes in the near future.

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The plastic pipe market in the Asia-Pacific region is booming at a rapid pace

Since water is an indispensable commodity, governments are taking initiatives to meet the increasing needs of households and agriculture 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 sectors of the North America region, should increase the 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 high-growth markets in the Asia-Pacific region. The Asia-Pacific region is estimated to hold a prominent share of the global plastic pipe market, followed by North America in the forecast years.

Plastic Pipes Market: Competitive Landscape

Some prominent market players involved in the manufacture of plastic pipes are 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 et al .

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