Dec 21, 2021 SOURCE: BusinessWire

Global Plastic Pipes Industry to 2027 - Plastic Pipes Gain Share in Water and Wastewater Treatment - ResearchAndMarkets.com

The "Plastic Pipes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Plastic Pipes estimated at US$27.4 Billion in the year 2020, is projected to reach a revised size of US$40.2 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027.

PVC, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$14.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the cPVC segment is readjusted to a revised 6.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 6.3% CAGR

The Plastic Pipes market in the U.S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.9 Billion by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

PE Segment to Record 7% CAGR

In the global PE segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$4.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8 Billion by the year 2027, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 365 Featured) -

Advanced Drainage Systems, Inc.
AGRU Kunststofftechnik Gesellschaft M.B.H
Aliaxis S.A.
Amanco Brasil Ltda.
ASTRAL POLYTECHNIK LIMITED
Chevron Phillips Chemical Company, LLC
China Lesso Group Holdings Ltd.
Egeplast A.S.
Finolex Industries Ltd.
Formosa Plastics Corporation
Foshan Rifeng Enterprise Co. Ltd.
Future Pipe Industries
Geberit AG
Georg Fischer Ltd
IPEX Inc.
JM Eagle Company Inc.
Nan Ya Plastics Corporation
National Pipe and Plastics Inc.
North American Pipe Corporation
Pipelife International GmbH
Plastika A.S.
Polypipe PLC
Prince Pipes & Fittings India Private Limited
Sekisui Chemical Company Ltd.
Shin-Etsu Polymer Co. Ltd.
Supreme Industries Ltd
Tessenderlo Group
Thai Pipe Industry Co. Ltd.
Wavin N.V.
Wienerberger AG

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
Drop in Construction Activity Impacts Demand For Plastic Pipes
Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
Plastic Pipes: A Prelude
Market Outlook
Emerging Markets Drive Future Growth
PVC Pipes Hold Commanding Share
Polyethylene (PE) Pipes Witness Strong Growth
Market Restraints
Competition

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Product Innovations and Technology Advancements Drive Market Growth
Advancements in Material Grade Benefit Growth
Rise in Use of 3D Printing Technology
Use of Antimicrobial Additives to Improve Application of Plastic Pipes
Water Transmission Projects Dominate Market
Demand for Water Access in Developing Countries Drives Growth
Plastic Pipes Gain Share in Water and Wastewater Treatment
Chlorinated Polyvinyl Chloride (CPVC) Gain Traction
PVC Pipes Maintain Stronghold Led by Material Innovations
Medium-High Pressure Network Applications to Drive Large Diameter PVC-O Demand
Players Improvise on Plastic Pipe Composition for Oil and Gas Sector
Global Natural Gas Demand to Witness Notable Compression Amid COVID-19
HDPE Pipes Register Strong Gains in Sewer Applications
Polypropylene Pipes Gain from New Formulations
Thermoplastic and Corrugated Plastic Pipes Gain Increased Acceptance in Storm Sewer Applications
Trenchless Technology Augurs Well for Plastic LDPs
Structured Wall and Multilayer Pipes Grow in Usage
Global Climate Change and Natural Disasters Drive the Demand for Plastic Pipes
Replacement Demand from Dilapidated infrastructure and Aging Pipelines Drives Opportunities
Rural Electrification in Emerging Countries Lends Traction
Telecommunications Industry Drives Application for Cables and Conduits
Population Growth & Urbanization Drive Demand