LONDON, Sept. 27, 2016 /PRNewswire/ -- Background:
According to a new market report published by Lucintel, the future of Chinese plastic pipe market looks attractive with opportunities in the potable water supply, wastewater supply, agriculture sector, and chemical sector. The Chinese plastic pipe market is forecast to grow at a CAGR of 8.6% from 2016 to 2021. The major growth drivers for this market are infrastructure development, rise in construction activities, replacement of aging pipelines made of traditional materials, growing population, and growing urbanization rate. In this market, polyvinyl chloride, polyethylene, and polypropylene are the major raw materials used to manufacture plastic pipes in China. Lucintel predicts that the demand for PE (polyethylene) plastic pipes will experience the highest growth in the forecast period, supported by growing demand in the chemical sector and sewage applications. On the basis of its comprehensive research, Lucintel forecasts that the wastewater supply and potable water supply are expected to show above average growth during the forecast period. Within the Chinese plastic pipe market, potable water supply segment is expected to remain the largest application followed by wastewater supply applications.
The growths of residential and commercial construction in China are expected to spur growth for this segment over the forecast period. For market expansion, the report suggests new product development, where the unique characteristics of the plastic pipes can be capitalized. Emerging trends, which have a direct impact on the dynamics of the market, are the increasing consumption of multilayer plastic pipe in gas distribution and increasing use of large diameter plastic pipes with increasing trenchless technology in construction industry. CHINA LESSO Group Holdings Limited, Yonggao Co Ltd., Zhejiang Weixing New Building Materials Co Ltd., Goody Science and Technology Co Ltd., and Cangzhou Mingzhu Plastic Co Ltd. are among the major manufacturers of the Chinese plastic pipe. Lucintel, a leading global strategic consulting and market research firm, has analyzed the Chinese plastic pipe market by end use application and material type, and has come up with a comprehensive research report, "Chinese Plastic Pipe Market 2016-2021: Trends, Forecast and Opportunity Analysis."
The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast of the Chinese plastic pipe market through 2021, segmented by application and material as follows: By end use application [$ million shipments from 2010 to 2021]:
• Potable Water Supply
• Wastewater Supply
• Electrical and Telecommunication Cable Protection Pipes
• Agriculture Sector
• Chemical Sector
• Oil & Gas Sector By material type [volume (kilotons) and $ million shipments from 2010 to 2021]:
• PVC Pipe
• PE Pipe
• PP Pipe
• Other Pipe
This report answers following 11 key questions:
Q.1) How big are the opportunities for Chinese plastic pipe market by applications and by materials? Q. 2) Which product / segments will grow at a faster pace and why?
Q. 3) Which regions will grow at a faster pace and why?
Q.4) What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks to the market?
Q.5) What are the business risks and threats to the market?
Q.6) What are the emerging trends in this market and reasons behind them?
Q .7) What are some changing demands of customers in the market?
Q.8) What are the new developments in the market? Which companies are leading these developments?
Q.9) Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10) How is the competitive rivalry and threat of substitution in this market?
Q.11) What are the recent M & A activities in the past 2-3 years in this market? What reasons can be attributed to these activities and how have they impacted the industry?
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