The global plastic pipe market is projected to reach $99.5 billion by 2028, at a CAGR of 3.9% during 2023-2028. The growth of plastic pipe market is driven by growing residential and non-residential construction activities, replacement of aging pipelines, and increasing awareness of the attractive properties of plastic pipes.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the plastic pipe market by plastic pipe market by polymer/plastic type: PVC (Poly Vinyl Chloride) pipes, PE (Poly Ethylene) pipes, PP (Poly Propylene) pipes, and others; by diameter (large diameter pipes and small diameter pipes); application (potable water, wastewater, electrical, telecommunication cable protection, agriculture, chemical, and oil and gas); and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the plastic pipe market?
Q.4 What are some changing demands of customers in the plastic pipe market?
Q.5 What are the new developments in the plastic pipe market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this plastic pipe area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this plastic pipe market?
Emerging trends, which have a direct impact on the dynamics of the industry, include the usage of anti-microbial plastic pipes to improve hygiene, replacement of traditional material pipes with eco-friendly ABS (Acrylonitrile Butadiene Styrene) and PE plastic pipes, and increasing consumption of multilayer plastic pipes in gas distribution.
Market Segmentation:
Based on polymer type, the plastic pipe market is segmented into PVC (Poly Vinyl Chloride) pipes, PE (Poly Ethylene) pipes, PP (Poly Propylene) pipes, and others. The PE pipes segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to heat resistance, low cost, durability, minimal maintenance requirements, and superior energy efficiency.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the increasing urbanization, infrastructure development, and the continuous growth of the residential construction and industrial sectors.
Key Players in the plastic pipe market are Orbia, Mexichem SAB, China Lesso Group, Sekisui Chemical, Formosa Plastics Group, Advanced Drainage Systems.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Roy Almaguer Lucintel Dallas, Texas, USA Email: [email protected] Tel. 972.636.5056
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