Demand for plastic pipes continue to growth due to the expansion of end-use industries. As per the report published by Market Research Future (MRFR), the global plastic pipes market is expected to surge at a CAGR of 5% during the forecast period (2018–2023). The market is expected to touch a valuation of USD 40 Bn by the year 2023.
Market Highlights
The global plastic pipes market is expected to witness moderate growth throughout the forecast period. The increased consumption of plastic pipes in Asia-Pacific, the growing end-use industries, and supportive government regulations and initiatives to upgrade are a few important factors that raise the demand for plastic pipes. This is backed by the various advantages associated with plastic pipes, such as light-weight, cost-effectiveness, corrosion- resistance, and flexibility. However, the fluctuating raw material prices are expected to hinder the growth of the market.
Key Players
The prominent players in the plastic pipes market include Aliaxis Group S.A. (Belgium), Wienerberger AG (Austria), Mexichem SAB de CV (Mexico), JM Eagle, Inc. (US), ASTRAL POLYTECHNIK LIMITED (India), China Lesso Group Holdings Ltd. (China), Geberit AG (Switzerland), Finolex Industries Ltd. (India), Georg Fischer Ltd. (Switzerland), and Hilliard, OH (US).
Segmental Analysis
The segmental analysis of the market has been conducted on the basis of end-use and material.
Based on end-use, the market has been segmented into water and wastewater, construction, chemicals, irrigation and oil and gas. The construction segment is anticipated to remain highly profitable during the assessment period. The construction segment covers non-residential and residential construction. The construction industry has continued to grow at a steady pace over the years. Countries such as India and China are undergoing tremendous infrastructural expansion which has bolstered the construction sector in these countries. Pipes are a common construction material in gas pipelines, HVAC systems, water & waste pipelines, etc.
Regional Analysis
On the basis of region, the market has been segmented into Asia Pacific (APAC), Europe, North America, rest of the world (RoW). North America represents one of the largest markets for plastic pipes globally. North America currently hold the top position in the global plastic pipes market and is likely to maintain its position throughout the assessment period. The US continues to be the prime destination for market players operating in the region. In terms of revenue, the US makes a significant contribution to the market in North America.
By Region
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North America
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Asia-Pacific
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Europe
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Investors are preparing for investing in the global plastic pipes market since the aftermath of the long-term impact of COVID-19.
Market Research Future finds that how pandemic can change the market’s growth stream.
The research came to the point that a 5% CAGR of rate is recorded at which the market will regain its position and would achieve a valuation of ~ USD 40 billion in the years 2018–2023 (forecasted period).Notable DevelopmentsAround the world, huge amounts of money are currently being invested in the expansion of the pipes for multiple uses, from protecting the expensive cables against harmful environmental influences to many.
In the present study, MRFR analyzes the entire world market for plastic pipes and its growth points.Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/7619The global economic growth, escalating awareness of the benefits of plastic pipes, expansion in the construction industry, and growing maintenance and replacement of aging pipeline infrastructure will drive growth in the forecasted period.
The energy, agriculture, and industrial sectors lean to be less intensive users of plastic pipe than is construction.
This will support plastic pipe demand going forward.On the contrary, the factors that could hinder the growth of the plastic pipes market in the future include reductions in free trade and rising environmental concerns regarding the use of plastics.Segmentation of MarketIn terms of the material segment, the market has included PE (HDPE and LDPE), PVC, PP, and others.
Fiber Reinforced Plastic Pipes market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Fiber Reinforced Plastic Pipes market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Fiber Reinforced Plastic Pipes market is segmented into:Glass Reinforced PolyesterGlass Reinforced EpoxyGlass Reinforced VinylDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/59661/global-china-fiber-reinforced-plastic-pipes-2026-11Segment by Application, the Fiber Reinforced Plastic Pipes market is segmented into:Oil & GasIrrigationIndustriesOthersRegional and Country-level Analysis:The Fiber Reinforced Plastic Pipes market is analysed and market size information is provided by regions (countries).The key regions covered in the Fiber Reinforced Plastic Pipes market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Fiber Reinforced Plastic Pipes Market Share Analysis:Fiber Reinforced Plastic Pipes market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
