LONDON , June 5, 2017 /PRNewswire/ -- Highlights
· The global market for plastic pipe/tubing reached nearly $56.8 billion in 2016 and should reach nearly $72.3 billion by 2021, with a compound annual growth rate (CAGR) of 5.1%.
· Building and construction as a segment reached $39.0 billion in 2016 and should reach nearly $49.8 billion by 2021, with a CAGR of 5.0%.
· Specialty and other (irrigation piping, other) as a segment reached $5.1 billion in 2016 and should reach nearly $6.9 billion by 2021, with a CAGR of 6.1%.
· Mechanical tubing is used for furniture and light poles.
• The global market for plastic pipe/tubing reached nearly $56.8 billion in 2016 and should reach nearly $72.3 billion by 2021, with a compound annual growth rate (CAGR) of 5.1%.
• Building and construction as a segment reached $39.0 billion in 2016 and should reach nearly $49.8 billion by 2021, with a CAGR of 5.0%.
• Specialty and other (irrigation piping, other) as a segment reached $5.1 billion in 2016 and should reach nearly $6.9 billion by 2021, with a CAGR of 6.1%.
Study Goals and Objectives
Piping and tubing (P/T, with the term tubing used to describe small diameter pipe; it is also often flexible), and the industries that fabricate and install these materials, seemingly are rather prosaic businesses, something that most people take more or less for granted as part of civilized life. After all, pipes and tubes transport water to our houses and businesses and carry away our liquid wastes. They also transport virtually all liquid and gaseous products over short distances (such as a milk transfer line in a dairy) or long ones (such as a transcontinental petroleum products pipeline). Most individuals would not consider a water transmission or sewer line as particularly high tech.
However, the piping industry is quite sophisticated and newer materials, especially the plastics covered in this study, are especially so. Not only are new materials and technologies coming into use to compete with older ones, but P/T is used in a number of industries in which fluid transport is not involved. These
include the electrical and electronics industry's use for conduits and other means of carrying conductors and other wires. Mechanical tubing is used for furniture and light poles. There is piping and tubing that merely moves the same fluid through a closed loop, for example, in refrigeration and air conditioning systems and in hot water heating systems.
Since humankind first learned to transport fluids through hollow tubes, piping and tubing have become important parts of modern technology and lifestyles. Over the years, many different materials have been and continue to be used for pipe and tubing. These include metals like iron, steel, copper and aluminum; inorganic materials like clay and concrete; and plastics, the subject of this report. It is the goal of this report to give readers a comprehensive update on the state of the global plastic pipe industry, and where BCC Research believes it is headed (with market estimates and forecasts through 2021). These objectives include:
• Descriptions of the plastic pipe and tubing industry, its importance to the functioning and quality of life, and its future prospects.
• Descriptions of many plastic P/T products and their major end-use markets in the world, including description and discussion of major types of piping and tubing by resin types and key applications, and the driving forces behind demand.
• An analysis and market estimate of global plastic pipe industry production and shipments in the base period of 2015 and 2016 and growth forecasts through 2021 for several major plastic P/T materials and applications markets.
• Descriptions of manufacturing methods used to make important types of commercial plastic piping and tubing.
• Identification of many major U.S. plastic pipe and tubing suppliers.
• Identification and discussion of some major industry dynamics, including competition between different piping materials, distribution and sales.
• Descriptions of recent trends and new developments in plastic pipe and tubing technology.
• Discussions of environmental and governmental regulatory issues and factors that affect the plastic P/T industry, with emphasis on important codes, standards and related factors.
This study primarily focuses on the global market. In this report, the global market is divided to five major regions: the U.S., China, Europe, Asia and the rest of the world (ROW). Each regional market will be discussed.
Reasons for Doing This Study
BCC Research performed this study to provide a comprehensive and updated reference for those interested and/or involved with the global plastic pipe and tubing industry and that both serves and benefits from these industries. This is a wide and varied group of personnel in the chemicals, polymer, mechanical equipment and parts companies, both for original P/T equipment manufacture (OEM) and maintenance/replacement parts. BCC Research sorted through, organized and condensed information from a large quantity of literature and other reference materials to compile this report. Some quite significant, but more evolutionary and revolutionary changes, have taken place in the past generation or so. These continue to take place today and probably will do so for the foreseeable future, as new materials compete for positioning in a mature market. Intermaterial competition is a way of life in a technologically advanced society, but few industries have so many different competing materials. These range from old standbys like clay and concrete to newer high-tech plastics.
One can argue that piping systems have been one of the primary contributions to the development of civilization as we know it. From ancient civilizations to the present day, piping has been used to move liquids, primarily for water service and waste drainage. As a result, piping is so ingrained in our lives that
we seldom think about it unless a new project cuts through our neighborhood, a water main breaks and floods local streets, or some other event reminds us of the huge piping infrastructure that exists around (and beneath) us. More and more of this infrastructure is being made of plastic materials, including pipe
This huge infrastructure should make this report of interest to a wide group of organizations and individuals, people who are involved in the development, design, manufacture, sale and use of P/T materials (plastics and competing materials), as well as politicians at all levels and the general public. BCC Research feels this report will be of value to technical and business personnel in the following areas, among others:
• Marketing and management personnel in companies that produce, market and sell all types of piping and tubing, as well as forming and installing equipment and parts, components, maintenance materials and chemicals for cleaning and other uses. Producers of other pipe and tubing materials will be interested to learn about the current situation in plastic competition.
• Companies that supply, or want to supply, equipment and services to plastic piping and tubing companies.
• Financial institutions that supply money for such facilities and systems, including banks, merchant bankers, venture capitalists and others.
• Personnel in end-user companies, communities and industries that purchase and use plastic P/T equipment.
Scope of Report
This study provides in-depth coverage of many of the most important economic, technological, political, regulatory and environmental considerations involving domestic markets for the production and use of materials and equipment in the plastic pipe and tubing industries. Pipes and tubes are made from materials ranging from inorganic clays and concrete to iron and steel, and to commodity and specialty polymers. This study focuses on plastic pipe and tubing, with reference in many places to older competing materials. This report includes key technologies (and new technologies), the markets and some key companies that make up the plastic pipe and tubing industry, and all of their ramifications.
Demands are estimated for the base period of 2015 and 2016, and forecast for five years through 2021. All market volume figures usually are rounded to the nearest million pounds. All five-year growth rates are compounded, and signified as compounded annual growth rates (CAGRs). The estimates are based
on manufacturers' total revenues. Because of this rounding, some growth rates may not agree exactly with figures in the market tables, especially for differences in small volumes.
Information Sources include managers and engineers, and literature and online materials, including leading trade journals, technical papers, company literature, government information and pertinent trade associations. The information in company profiles was primarily obtained from the companies
themselves, especially the larger publicly owned firms. Other sources included directories, articles and websites.
Primary and secondary research sources were used in preparing this study. Estimates of current market demand are made for 2015 and are projected over the next five years from 2016 through 2021. Projections are made in terms of constant U.S. dollars (2015), unadjusted for inflation. Growth is presented in terms of a CAGR.
In this report, the geographic regions considered for market analysis include, and only include:
• United States
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