The Global Market for Large Diameter Plastic Pipes is Forecast to Reach 7.8 Million Metric Tons by 2024

Resurgence in Construction Activity & New Uses in Emerging Applications to Sustain Global Demand for Large Diameter Plastic Pipes, According to a New Report by Global Industry Analysts, Inc.

                                                                                                

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Large Diameter Plastic Pipes market. The global market for Large Diameter Plastic Pipes is forecast to reach 7.8 million metric tons by 2024 buoyed by resurgence in construction activity, advancements in material resins, and new application possibilities in emerging end-use sectors.

Large diameter plastic pipes, used commonly in potable water distribution, storm sewers, and surface water drainage are indispensable to the infrastructure of a nation. Traditionally, demand for large diameter pipes is driven by construction in non-residential, residential, and infrastructure sectors. Buoyed by expanding population and the subsequent rise demand for potable water and drainage systems, market for large diameter plastic pipes is set to rise over the forthcoming years. Plastic pipes are more advantageous over steel and concrete as the material is highly resistant to corrosion and also survives for a long time. Over the past three decades, introduction of new polymer grades have enabled plastic pipes to displace traditional materials such as reinforced concrete and steel in expanding range of end use markets, including industrial cooling systems and slurry handling in mines. Large diameter plastic pipes have also gained acceptance in the transportation of natural gas owing to its anti-corrosive properties as well as superior endurance in tough and challenging terrains. The need to replace pipelines in developed countries with aging infrastructure offers improved growth prospects for plastic pipes.

In near future, demand for high strength, light-weight large diameter plastic pipes in applications areas where exposure to extreme environmental conditions makes conventional pipe materials unsuitable for use, is expected to remain strong . Development of advanced materials  has led to the development of pipes with higher pressure ratings and also enabled a reduction in wall thickness for lower pressure rated pipes.  With global warming and climate change resulting in increased frequency and severity of rainfall and stormwater events, demand for large diameter pressure/ non-pressure solid wall, corrugated or multi-layer pipes plastic pipes is expected to remain strong  in sewage and storm drain projects. Faced with rising energy and material costs, pipeline projects are increasingly turning to large diameter plastic pipes to improve operational efficiency and cost-effectiveness. HDPE pipes represent the largest and faster growing product segment in the global large diameter plastic pipes market.  Preference for PVC-O pipes is also on rise in potable as well as waste water management projects driven by relatively superior fatigue and stress resistance, improve flexibility and excellent impact resistance properties.

As stated by the new market research report on Large Diameter Plastic Pipes, Asia-Pacific represents the largest and fastest growing market with a CAGR of 7.1% over the analysis period. Growth in the market is driven by steady gains in construction spending in developing countries, commencement of public infrastructure and development projects such as hospitals , and  growing focus on replacement of old cast iron, steel and concrete pipes with plastic pipes.

Major players in the market include Advanced Drainage Systems Inc., Egeplast A. S, Finolex Industries Ltd., Future Pipe Industries, IPEX Inc., JM Eagle Company Inc., Uponor Infra Ltd., National Pipe and Plastics Inc., North American Pipe Corporation, Pipelife International GmbH, Plastika AS, Polypipe Plc, Mexichem, and Uponor Infra Oy among others.

The research report titled “Large Diameter Plastic Pipes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, challenges, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa, Latin America and Rest of World. Global and regional markets are analyzed in tons by product segments, such as, High density polyethylene (HDPE) and Polyvinylchloride (PVC) large diameter plastic pipes.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.