The Global Market for Plastic Pipes is Projected to Reach 20.4 Billion Meters by 2024

Expanding Application Markets and Replacement Demand to Drive the Global Plastic Pipes Market, 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 Plastic Pipes market. The global market for Plastic Pipes is projected to reach 20.4 billion meters by 2024, driven by increasing demand for in sewer and utility pipe networks, innovation in materials, and production techniques, and growing investments in infrastructure projects in developing markets. 

Plastic pipes today have gained significance over conventional piping materials such as steel, copper, iron, and concrete  led by attributes such as low cost, durability, high strength, lightweight, high chemical resistance, flexibility, and easy molding. While water supply, facility management, waste disposal and utilities are the key end-use markets for plastic pipes, cable conduits, district heating, and agriculture, among others are emerging as high potential applications. Increasing establishment of telecommunication and information networks, growing focus on the renewable energy sector, and innovation in terms of materials, and production techniques, are all factors that are expected to support demand in the market through the coming years. The need to redevelop and restore the ageing public sewer system also offers opportunities for the pipe industry. 

New technologies and innovative plastic machinery aimed at saving energy, minimizing waste scrap, pipe weight and costs during production contribute to the growing share of plastic pipes in various applications. Advancements in joint performance contributing to the integrity of plastic pipelines are also encouraging uptake of plastic pipes in water, sewer and gas networks. Various grades of pipe materials developed are designed to handle elevated temperatures, and environments with high concentrations of disinfectants. 

Polyvinyl Chloride (PVC) pipes constitute the largest segment in the global plastic pipes market, while polyethylene (PE) represents the fastest growing segment. Demand for PE pipes remains high in building and construction sector, drainage and sewage systems, mining and oil & gas. Growth in the PVC pipes market is particularly driven by the PVC-O technology which facilitates usage of plastic pipes in conventional high-pressure bulk water supply applications and requires zero maintenance. Use of thermoplastic pipe for stormwater sewer systems has gained wide acceptance in recent years, supported by their robust structural strength, and economic benefits compared to conventional drainage pipe materials. Further extreme rainfalls and growing threat of urban flooding due to climate change has strengthened the demand for improved rainwater and stormwater drainage systems for water conservation and management.  

As stated by the new market research report on Plastic Pipes, Asia-Pacific represents the largest as well as the fastest growing market worldwide. Growth in the market is led by expanding crop irrigation activities, growing investments in infrastructure modernization projects, rehabilitation of aging pipelines for drainage and sewage disposal and drinking water transportation, and growing preference for no-dig technology. 

Major players in the market include A.G. Petzetakis, Advanced Drainage Systems Inc., China Lesso Group Holdings Ltd., IPEX Inc., JM Eagle Company Inc., Mexichem S.A.B. de C.V., National Pipe & Plastics, North American Pipe Corporation, Performance Pipe, Pipelife International GmbH, Plastika AS, Polypipe Plc, Shin-Etsu Chemical Co. Limited, Tessenderlo Group, Thai Pipe Industry Co. Ltd. and Uponor Corp, among others. 

The research report titled “Plastic Pipes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections in Metric Tons 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), Latin America (Brazil and Rest of Latin America), and Rest of World markets. Product Segments analyzed for global and regional markets include Polyvinyl Chloride (PVC), Polyethylene (PE), Polypropylene (PP), and Other Plastic Pipes

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