Global Plastic Pipes Market By Geography
The Global Plastic Pipes market is segmented by geography into North America, Western Europe, Asia Pacific, Eastern Europe, South America, Middle East and Africa.
The United States is the largest market for flexible pipes in North America. The country’s newfound shale resources and government policies, which aim at making the country the top oil and gas producer in the next few years, are expected to drive the demand for flexible pipes in the country.
Competition Scenario in Global plastic pipes Market
Global Plastic Pipes Market is at growing stage and has fragmented market. There are more organized players as compared to unorganized players in market. Top players such as JM Eagle, NAPCO, Finolex Industries Ltd., Diamond Plastics Corporation, National Pipe and Plastics, Inc in Global Plastic Pipes Market hold major market share.
What is the Expected Future Outlook for the Overall Global plastic pipes Market Across the globe?
The Global Plastic Pipes market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Plastic Pipes market is driven by rising awareness, rapid urbanization and domestic manufacturing, antimicrobial additives for plastic pipes. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
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Also, the plastic pipes and shapes market are expected to benefit from the rising awareness of advantages of plastic pipes and fittings over their substitutes. Plastic pipes and fittings are lighter in weight and cheaper than traditionally used metal pipes, and they do not rust or corrode. Plastic pipes also have insulative properties, which prevent the forming of condensation on pipes carrying cold water and decrease the heat loss in pipes carrying hot water. Other benefits of plastic pipes include quick installation times and long service life. The installation time for a PVC pipe was around 30% faster than a concrete pipe of the same size. These factors are likely to boost the demand for plastic pipes and shapes and drive the market going forward.
Additionally, with this large and growing population, the demand for expansion of infrastructure and the construction of new building is also rising as more people are moving from rural to Urban cities. This is creating demand for infrastructure such as water supply and drainage system, gas supply system and sewage treatment plants etc., thus fueling the growth in plastic pipe industry of Plastic Pipes. Furthermore, The government’s effort to promote housing industrialization will also contribute to the growth of plastic pipe industry as plastic pipe are often used in these projects because of their lightweight, corrosion resistance and ease of installation.
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Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- Plastic Resin Suppliers
- Plastic Pipe Manufacturing Companies
- Oil and Gas Industry
- Government Bodies
- Real Estate developers
- Agriculture Sector Companies
Time Period Captured in the Report:
- Historical Year: 2017-2022
- Base Year: 2022
- Forecast Period: 2022– 2027
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