Global Plastic Pipes Market Report 2022: Market to Reach $38.1 Billion by 2026 - Emerging Markets Drive Future Growth

DUBLIN, Aug. 2, 2022 /PRNewswire/ -- The "Plastic Pipes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Plastic Pipes Market to Reach $38.1 Billion by 2026

The global market for Plastic Pipes estimated at US$29.9 Billion in the year 2022, is projected to reach a revised size of US$38.1 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. PVC, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$14.2 Billion by the end of the analysis period.

The pipe material has gained significance over traditional piping materials such as steel, copper, iron, concrete and aluminum, led by its superior engineering properties such as light weight and resistance to chemicals and corrosion as well as easy handling. Plastics are regarded as an enduring and durable product that provides service for a long period.

Plastics are also inert and are not expected to react to moist and damp conditions. Furthermore, plastics are highly resistant to chemicals and corrosions and offer long life, as a result is ideal for pipes applications. Today plastic pipes find encouraging preference in several application areas including potable water, sewage, cable protection, agriculture and gas distribution, among others.

A combination of greater government emphasis on irrigation, strong private sector participation in water supply projects, and improved multi-lateral lending for water-related sectors presents significant potential for growth. Growing adoption of pipes in construction, in electric conduit and in the natural gas sector and for crop irrigation, among other applications is expected to fuel demand through the forthcoming years.

While the oil and gas sector is not a key consumer of plastic pipes, advancements in resin formulation have facilitated a significant expansion in usage in this sector in the last few years. Companies are streamlining efforts towards production of flexible, reinforced, pre-insulated plastic pipes designed for high temperature and high pressure networks.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the cPVC segment is readjusted to a revised 6.2% CAGR for the next 7-year period. Growth in the plastic pipes market after COVID-19 crisis is buoyed by the resurgence in construction and infrastructure development activity and the resulting opening up of opportunities in water transmission and distribution; sewage and storm drain outlets; and pipeline transportation of natural gas.

In North America and Europe, resurgence in construction markets and release of pent-up demand coupled with the growing need to replace antiquated sewer and utility pipe networks is expected to drive gains. In Europe, demand for plastic pipes is expected to mainly stem from Eastern Europe primarily led by Increase in EU-subsidised infrastructure projects.

The U.S. Market is Estimated at $3.3 Billion in 2022, While China is Forecast to Reach $13 Billion by 2026

The Plastic Pipes market in the U.S. is estimated at US$3.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2026 trailing a CAGR of 6.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Plastic pipes market in Asia-Pacific, Africa and Middle East regions is expected to exhibit rapid growth in the coming years due to increasing usage of pipes by local municipalities, industrial and construction segments. Moreover, growth in these markets is expected to outpace global growth on account of growing demand for the products in natural gas distribution systems, construction and telecommunications sectors.

Western Europe, North America and Eastern Europe are also likely to contribute to growth, albeit at levels lower than developing regions, mainly on the back of on-going recovery of these regions from various economic pressures. Other major demand drivers include planned laying of natural gas distribution pipelines in several countries as well as advances in drainage and sewage systems and drinking water transfer systems and recovering manufacturing activity in various countries.

PE Segment to Reach $6.8 Billion by 2026

Demand for PE pipes is projected to grow significantly driven by expansion in sewerage, oil & gas, electrical, drainage, and telecommunication industries. PE pipes represent the second largest market for pipes worldwide. Demand by application is dominated by building and construction sector, drainage and sewage sector, and oil & gas.

One of the advantages of polyethylene for use in pipes and fittings is that the material is lighter by 6 to 8 times than the traditionally used galvanized iron or cast-iron pipes. Additionally, polyethylene pipes and fittings are by nature non-corrosive, and hence more suitable for transportation of water. In the global PE segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment.

These regional markets accounting for a combined market size of US$2.9 Billion will reach a projected size of US$4.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period.

What`s New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to the digital archives
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Drop in Construction Activity Impacts Demand For Plastic Pipes
• Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
• Plastic Pipes: A Prelude
• Market Outlook
• Emerging Markets Drive Future Growth
• PVC Pipes Hold Commanding Share
• Polyethylene (PE) Pipes Witness Strong Growth
• Market Restraints
• Competition
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS (Total 365 Featured)

• Advanced Drainage Systems, Inc.
• AGRU Kunststofftechnik Gesellschaft M.B.H
• Aliaxis S.A.
• Amanco Brasil Ltda.
• ASTRAL POLYTECHNIK LIMITED
• Chevron Phillips Chemical Company, LLC
• China Lesso Group Holdings Ltd.
• Egeplast A.S.
• Finolex Industries Ltd.
• Formosa Plastics Corporation
• Foshan Rifeng Enterprise Co. Ltd.
• Future Pipe Industries
• Geberit AG
• Georg Fischer Ltd
• IPEX Inc.
• JM Eagle Company Inc.
• Nan Ya Plastics Corporation
• National Pipe and Plastics Inc.
• North American Pipe Corporation
• Pipelife International GmbH
• Plastika A.S.
• Polypipe PLC
• Prince Pipes & Fittings India Private Limited
• Sekisui Chemical Company Ltd.
• Shin-Etsu Polymer Co. Ltd.
• Supreme Industries Ltd
• Tessenderlo Group
• Thai Pipe Industry Co. Ltd.
• Wavin N.V.
• Wienerberger AG

3. MARKET TRENDS & DRIVERS

• Product Innovations and Technology Advancements Drive Market Growth
• Advancements in Material Grade Benefit Growth
• Rise in Use of 3D Printing Technology
• Use of Antimicrobial Additives to Improve Application of Plastic Pipes
• Water Transmission Projects Dominate Market
• Demand for Water Access in Developing Countries Drives Growth
• Plastic Pipes Gain Share in Water and Wastewater Treatment
• Chlorinated Polyvinyl Chloride (CPVC) Gain Traction
• 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
• Global Natural Gas Demand to Witness Notable Compression Amid COVID-19
• Impact of Lockdown on Natural Gas Consumption by Sector in Belgium, France, Italy, UK, and the US
• 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
• Structured Wall and Multilayer Pipes Grow in Usage
• Global Climate Change and Natural Disasters Drive the Demand for Plastic Pipes
• Replacement Demand from Dilapidated infrastructure and Aging Pipelines Drives Opportunities
• Rural Electrification in Emerging Countries Lends Traction
• Telecommunications Industry Drives Application for Cables and Conduits
• Population Growth & Urbanization Drive Demand
• World Population by Geographic Region (2000-2050) (in Millions)

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/l2r37w

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