Global Plastic Pipes Market Report 2022: Market to Reach USD 38.1 Billion by 2026

DUBLIN, August 2, 2022 /PRNewswire/ — The “Plastic Pipes – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Global plastic pipe market to reach $38.1 billion by 2026

Global Plastic Tubes Market Estimated at US$29.9 billion in 2022, is expected to reach a revised size of US$38.1 billion by 2026, growing at a CAGR of 5.6% over the analysis period. PVC, one of the segments analyzed in the report, is expected to register a CAGR of 5.1% and reach US$14.2 billion at the end of the analysis period.

The piping material has gained prominence over traditional piping materials such as steel, copper, iron, concrete and aluminum, due to its superior technical properties such as light weight and strength to chemicals and corrosion as well as easy handling. Plastics are considered a durable and long-lasting product that gives service for a long time.

Plastics are also inert and should not react to wet and damp conditions. Additionally, plastics are highly resistant to chemicals and corrosion and offer a long service life, making them an ideal material for piping applications. Today, plastic pipes are finding an encouraging preference in several application areas including potable water, sewage, cable protection, agriculture, and gas distribution, among others.

The combination of greater government emphasis on irrigation, strong private sector participation in water supply projects, and improved multilateral lending for water-related sectors presents significant growth potential. Growing adoption of pipes in construction, in electrical and natural gas lines and for crop irrigation, among other applications, is expected to fuel demand over the coming years.

Although the oil and gas sector is not a key consumer of plastic pipe, advances in resin formulation have facilitated a significant expansion of use in this sector in recent years. Companies are streamlining their efforts towards the production of flexible, reinforced and pre-insulated plastic pipes designed for high temperature and high pressure networks.

The story continues

After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the cPVC segment is readjusted to a revised CAGR of 6.2% for the next 7-year period. The growth of the plastic pipe market after the COVID-19 crisis is driven by the resumption of construction and infrastructure development activities and the resulting opening of opportunities in water transport and distribution; waste water and storm water outlets; and pipeline transportation of natural gas.

In North America and Europe, the resurgence of construction markets and the release of pent-up demand, coupled with the growing need to replace dilapidated sewer and pipe networks, should generate gains. In Europedemand for plastic pipes is expected to come mainly from Eastern Europe mainly driven by Increased EU-funded infrastructure projects.

The US market is estimated at $3.3 billion in 2022, when China is expected to reach $13 billion by 2026

The plastic pipe market in the United States is estimated at US$3.3 billion in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of 13 billion US dollars by 2026 with a CAGR of 6.3% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 4% and 4.7% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 4.8%.

plastic pipe market in Asia Pacific, Africa and Middle East is expected to grow rapidly in the coming years due to the increasing use of pipes by local municipalities, industrial and construction segments. Moreover, the growth of these markets is expected to outpace the global growth owing to the growing demand for products in the natural gas distribution systems, construction and telecommunications sectors.

Western Europe, North America and Eastern Europe are also likely to contribute to growth, although at lower levels than in developing regions, mainly thanks to the ongoing recovery of these regions from various economic pressures. Other key demand drivers include the planned laying of natural gas distribution pipelines in several countries as well as advances in drainage and sewerage and drinking water transfer systems and the resumption of manufacturing activity in various countries.

PE segment to reach $6.8 billion by 2026

The demand for PE pipes is expected to increase significantly due to the expansion of sewerage, oil and gas, power, drainage and telecommunications sectors. PE pipes represent the second largest pipe market in the world. Demand by application is dominated by building and construction sector, drainage and sewage sector, and oil and gas.

One of the advantages of polyethylene used in pipes and fittings is that the material is 6 to 8 times lighter than the galvanized or cast iron pipes traditionally used. In addition, polyethylene pipes and fittings are inherently non-corrosive and therefore more suitable for transporting water. In the global PE segment, UNITED STATES, Canada, Japan, China and Europe will drive the CAGR of 6.3% estimated for this segment.

These regional markets representing a combined market size of US$2.9 billion will reach a projected size of US$4.6 billion at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach US$1.4 billion by 2026, while Latin America will grow at a CAGR of 6.8% over the analysis period.

What’s new for 2022?

• Global competitiveness and percentage market shares of main competitors

• Market presence in multiple geographies – Strong/Active/Niche/Trivial

• Peer-to-peer collaborative online interactive updates

• Access to digital archives

• Free updates for one year

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

• Overview of the influencer market

• Global Market Trajectories

• Impact of Covid-19 and a looming global recession

• Decline in construction activity impacts demand for plastic pipes

• Amid the COVID-19 outbreak, the oil and gas sector faces tough times

• Plastic pipes: a prelude

• Market Outlook

• Emerging markets driving future growth

• PVC pipes hold a dominant share

• Polyethylene (PE) pipes are experiencing strong growth

• Market constraints

• Competition

• Competitive Market Presence – Strong/Active/Niche/Trivial for Gamers Worldwide in 2022 (E)

2. FOCUS ON CERTAIN PLAYERS (Total 365 Featured)

• Advanced Drainage Systems, Inc.

• AGRU Kunststofftechnik Gesellschaft MBH

• Aliaxis SA

• Amanco Brazil Ltd.

• ASTRAL POLYTECHNIK LIMITED

• Chevron Phillips Chemical Company, LLC

• China Lesso Group Holdings Ltd.

• Egeplast AS

• Finolex Industries Ltd.

• Formosa Plastics Corporation

• Foshan Rifeng Enterprise Co.Ltd.

• Pipe industries of the future

• Geberit AG

• Georg Fischer AG

• IPEX inc.

• Company JM Eagle Inc.

• Nan Ya Plastics Corporation

• National Pipe and Plastics Inc.

• North American Pipe Company

• Pipelife International GmbH

• Plastika AS

• Polypipe automaton

• Prince Pipes and Fittings India Private Limited

• Sekisui Chemical Company Ltd.

• Shin-Etsu Polymer Co. Ltd.

• Supreme Industries Ltd.

• Tessenderlo Group

• Thai Pipe Industry Co. Ltd.

• Wavin SA

• Wienerberger AG

3. MARKET TRENDS AND DRIVERS

• Product innovations and technological advancements are driving the growth of the market

• Progress in the growth of material quality advantages

• Increased use of 3D printing technology

• Use of antimicrobial additives to improve the application of plastic pipes

• Water transport projects dominate the market

• Demand for access to water in developing countries is driving growth

• Plastic pipes are gaining ground in water and wastewater treatment

• Chlorinated Polyvinyl Chloride (CPVC) Gains Traction

• PVC pipes keep their place thanks to material innovations

• Medium-high pressure network applications to meet the demand for large diameter PVC-O

• Players improvise on the composition of plastic pipes for the oil and gas sector

• Global demand for natural gas will see a noticeable squeeze amid COVID-19

• Impact of containment on natural gas consumption by sector in Belgium, France, ItalyUK and USA

• HDPE Pipes Record Strong Gains in Sewer Applications

• Polypropylene pipes benefit from new formulations

• Thermoplastic and corrugated plastic pipes are gaining acceptance in storm sewer applications

• Trenchless technology bodes well for plastic LDPs

• Pipes with structured and multi-layered walls are increasingly used

• Global climate change and natural disasters drive demand for plastic pipes

• Demand to replace dilapidated infrastructure and aging pipelines creates opportunities

• Rural electrification in emerging countries is a challenge

• Telecommunications Industry Drives Application for Cables and Conduits

• Population growth and urbanization drive demand

• World population by geographical region (2000-2050) (in millions)

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/l2r37w

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