Report Forecasts Global Plastic Pipes Market Growth
Source Global Industry Analysts Inc.
According to a new market report, plastic pipes have gained superiority over pipes made from materials such as steel, copper, iron, concrete and aluminium. Attributes such as lightweight, chemical and corrosion resistance, and easy handling have augmented their use in several application areas such as potable water, sewage, cable protection, and agriculture and gas distribution, among others. In the construction sector, improved spending is expected to significantly drive demand for plastic pipes. Demand for plastic pipes is also expected to benefit from growing use in infrastructure applications such as drainage and sewer systems, and water transmission. Steady gains in construction spending and water infrastructure projects in developing countries are also expected to drive market growth. Additionally, improving activity in the global manufacturing sector is expected to benefit demand, as production expansion in various industries generates the need for piping systems.
In mature markets such as the U.S. and Europe, aging pipelines are expected to drive demand for replacement pipes. In the oil and gas sector, plastic’s demonstrated endurance and durability of performance in long distance applications is expected to promote demand for large diameter plastic pipes. Plastic pipes are gaining popularity in trenchless technology due to the availability of longer pipes and the material’s lightweight characteristics as opposed to conventional pipe materials. Demand for large diameter plastic pipes is further being promoted by the material’s ability to contour to the surface, abrasion resistance, and imperviousness to degradation from low resistivity drilling mud.
Polyvinyl Chloride (PVC) pipes constitute the largest product market, with widespread use in potable water, sewage and cable protection applications mainly owing to its low cost. Polyethylene (PE) pipes represents the fastest growing market segment driven by attributes such as joint integrity, durability, flexibility, and trench laying capability. Demand for high-density polyethylene pipes in the oil & gas market is on rise for both bimodel PE and unimodal PE pipes, as an alternative to PVC and concrete pipes. HDPE pipes are also expected to gain opportunities in radiant underfloor heating systems, corrugated drainages, and geothermal piping sytems. Also driving growth is the growing popularity of cross-linked polyethylene (PEX) pipes for plumbing applications.
As stated by the new market research report, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 9.7% over the analysis period. Steady gains in construction spending in developing Asian countries, increased investments in industrial and public infrastructure, and China’s focus on rehabilitation of aging pipelines and the preference for no-dig technology represent factors driving growth in the region.
Major players covered in the report include A.G. Petzetakis, Advanced Drainage Systems Inc., Amanco Industrial, China Lesso Group Holdings Ltd., EgePlast, Foshan Rifeng Enterprise Co. Ltd., IPEX Inc., JM Eagle Co. Inc., Mexichem S.A.B. de C.V., National Pipe & Plastics, North American Pipe Corp., Performance Pipe, Pipelife Intl. GmbH, Plastika AS, Polypipe Plc, Royal Building Products, Shin-Etsu Chemical Co. Ltd., Tessenderlo Group, Thai Pipe Industry Co. Ltd. and Uponor Corp., among others.
Source: Global Industry Analysts Inc.
