Indonesia Plastic Pipes and Fittings Industry Revenue is Expected to Reach About USD 1.2 Billion by 2023: Ken Research
GURUGRAM, India, March 14, 2019 /PRNewswire/ -- Indonesia News
- The drinking water sources most commonly used by Indonesian households are bottled water (35.2%), protected dug well (18.7%), borewell (15.6%), and piped water/water utility (PDAM) (10.4%)
- Indonesia has been witnessing a shift from PVC Pipes to PE Pipes and products such as bioplastics are also expected to enter the market.
Government Investment in Infrastructural and Private Expenditure on Real Estate: The Indonesia Plastic Pipes and Fittings Market is expected to record a single digit positive CAGR from 2018-2023. The Government of Indonesia has been investing heavily in the infrastructural sector along with private developers' investment in residential and retail real estate projects which are in pipeline. Multiple projects are being undertaken by the Government to improve the traffic congestion.
Increase in Downstream Processing Capacity: The consumption of oil is increasing in various industries that depend on crude oil. The growing population in the country and the refining capacity of Indonesia is expected to increase in the coming years that would contribute further to the growing demand for plastic pipes and fittings. For Instance: KKC (PT Kilang Kaltim Continental) is expected to work on building a modular refinery at KIPI Maloy Port and industrial park, Indonesia. Pertamina, which is Indonesia's state-owned energy company, is also planning to increase its capacity by 260,000 Barrels/Day, by the end of the year 2020 by expanding its Balikpapan refinery.
Shift from PVC pipes to PE pipes: PE pipes including HDPE, MDPE, and LDPE are widely used in drainage systems and drip irrigation systems as they have good temperature resistance. In Indonesia, it has been observed that there has been a shift from PVC to PE pipes majorly due to the advantages offered by PE. Currently 10.41% of household in Indonesia doesn't use any toilet facility for defecation. Around 78% of the households have a private toilet facility.
Introduction of Bioplastics in the Market: Bioplastics are expected to enter the market as they can be recycled easily. The use of plants for manufacturing plastics would divert this resource from food to the production of plastic; as a result, seaweed is a better substitute for the production process. It is cheap and does not require heavy investment as it can grow without fertilizers and does not require land as it grows offshore. Moreover, Indonesia has a substantial role to play here as two-thirds of its territory is water and it accounts for more than one-third of the world seaweed production.
Analysts at Ken Research in their latest publication "Indonesia Plastic Pipes and Fittings Market Outlook to 2023 - By PVC, PE, ABS, PP, PVDF Pipes and By End User Application (Water Supply and Irrigation, Sewage, Mining, Cable Protection and Others)" believe that the plastic pipes market is expected to record a CAGR of 5.4% from 2018-2023.
For more information on the market research report please refer to the link below:
Key Segments Covered
By Type of Pipe
- PVC
- PE
- ABS, Polypropylene Pipes, Polyvinylidene Fluoride
Further Segmentation of PVC Pipes
By Type of Pipe
- uPVC
- CPVC
- PVC-O
By Market Structure
- Organized
- Unorganized
Further Segmentation of PE Pipes
By Type of Pipe
- HDPE
- MDPE
- LDPE and LLDPE
By End User Application
- Water Supply and Irrigation
- Sewage
- Mining (Transportation of Slurry)
- Cable Protection (Conduit)
- Others (Gas, fire equipments)
Key Target Audience
- Plastic Pipes and Fittings Manufacturers
- Plastic Resins Manufacturers
- Major Importers of Plastic Pipes and Fittings
- Private Equity Ventures
Time Period Captured in the Report:
- 2013-2018(P) – Historical Period
- 2019-2023 – Future Forecast
Major Companies Covered:
- PT Wahana Duta Jaya Rucika
- Vinilon Group
- Maspion Kencana
- PT Langgeng Makmur Industri Tbk.
- Unilon
- Pralon
- GF Piping Systems Ltd.
- PT Bangun Indopralon Sukses
- PT Indopipe
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Contact Us:
Ankur Gupta
Ken Research, Head Marketing
[email protected]
+91-9015378249
SOURCE Ken Research
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