Plastic Pipes Industry to Grow by $8.2 Billion During 2020-2027 Despite COVID-19 Challenges
DUBLIN, May 28, 2020 /PRNewswire/ -- The "Plastic Pipes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis and the looming economic recession, the Plastic Pipes market worldwide will grow by a projected US$8.2 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.5%.
PVC, one of the segments analyzed and sized in this study, is forecast to grow at over 4.4% and reach a market size of US$14.5 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The PVC market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.2% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$198.5 Million to the region's size over the next 7 to 8 years. In addition, over US$200.8 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the PVC segment will reach a market size of US$604.7 Million by the close of the analysis period.
Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Plastic Pipes market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 6.9% over the next couple of years and add approximately US$2.7 Billion in terms of addressable market opportunity.
Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Plastic Pipes market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 and a Looming Global Recession
- Plastic Evolves as a Vital Material for Pipeline Systems
- Recent Market Activity
- Outlook
- Plastic Pipes Demand in Emerging Markets Remains Strong
- Polyethylene (PE) Pipes Witness Strong Growth
- Competition
- Global Competitor Market Shares
- Plastic Pipes Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
2. FOCUS ON SELECT PLAYERS
- A.G. Petzetakis S.A. (Greece)
- Advanced Drainage Systems, Inc. (USA)
- Aliaxis S.A. (Belgium)
- IPEX, Inc. (Canada)
- China Lesso Group Holdings Ltd. (China)
- Egeplast AS (Turkey)
- Finolex Industries Ltd. (India)
- Foshan Rifeng Enterprise Co. Ltd. (China)
- Future Pipe Industries (UAE)
- JM Eagle Company, Inc. (USA)
- Mexichem S.A.B. de C.V. (Mexico)
- Amanco Brasil Ltda. (Brazil)
- Wavin N.V. (The Netherlands)
- National Pipe and Plastics, Inc. (USA)
- North American Pipe Corporation (USA)
- Performance Pipe (a Chevron Phillips Chemical Company LLC Division)
- Pipelife International GmbH (Austria)
- Plastika AS (Slovakia)
- Polypipe PLC (UK)
- Sekisui Chemical Company Ltd (Japan)
- Shin-Etsu Polymer Co. Ltd. (Japan)
- Tessenderlo Group (Belgium)
- Thai Pipe Industry Co. Ltd. (Thailand)
- Uponor Infra Oy (Finland)
3. MARKET TRENDS & DRIVERS
- Product Innovations and Technology Advancements Drive Market Growth
- Advances in Material Grades Benefit Growth
- 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
- 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
- Global Climate Change Opens Growth Opportunities
- Mining Pipelines Offer Strong Growth Potential for PE Pipes
- Demand on Rise for Glass Fiber-Reinforced Pipes
- Structured Wall and Multilayer Pipes Grow in Usage
- Replacement Demand Drives Growth Opportunities
- Focus on Energy Efficiency Drives Growth Prospects
- Rural Electrification in Emerging Countries Lends Traction
- Coiled Polyethylene Pipes in Telecommunication Applications
- Water Transmission Projects Dominate Market
- Demand for Water Access in Developing Countries Drives Growth
- Plastic Pipes Gain Share in Water and Wastewater Treatment
- Population Growth & Urbanization Drive Demand
- Recovery in Construction Sector Bodes Well for Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 274
For more information about this report visit https://www.researchandmarkets.com/r/obm48b
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