- Innovation in the plastic pipes industry has helped the market players in increasing the application of plastic pipes in different sectors. The sewage sector has been the largest end user of plastic pipes in the last five years as European countries took large scale renovation projects. Such projects saw increasing use of plastic pipes replacing the traditional material pipes.
- There have been efforts to make the plastic pipe value chain more sustainable to diminish the health and environmental hazards of using plastic pipes for potable water distribution. VinylPlus is one such initiative which aims to reduce the lead consumption in the manufacturing process of plastic pipes.
- The Plastic pipes industry saw increasing demand from the construction sector. The construction sector in the European countries has been recovering. Due to growing population and urbanization, the demand for real estate and civil engineering projects have gone up which have augmented the plastic pipes market.
European Union has come a long way since the 2008 crisis which affected all the sectors of the economy. The plastic pipes and fittings industry has seen growth in the last five years due to the recovery of construction industry, wastewater management facilities, growing chemical and gas distribution network and cable protection industry which are the major end users of plastic pipes and fittings. This growth was supported by Public and Private Investments. The major drivers have been product innovation which has increased their range of applications in different industries and plastic pipes increasingly replacing the traditional material pipes due to low cost, better quality, corrosion resistance and low maintenance. The industry also faces challenges in terms of stringent government regulations, environmental hazards from use of plastic and developing a sustainable plastic pipe value chain.
Ken Research in its latest study, Europe Plastic Pipes and Fittings Market Outlook to 2021 suggests that Aliaxis, Wavin, Pipelife, Polyplastic group, Uponor Corporation, Plasticos Ferro, Gerog Fischer and Uralite will continue to dominate this space. However, these major players will witness rising competition from small regional players as the macroeconomic condition of Europe continues to recover.
Europe Plastic Pipes and Fittings Market is projected to register a positive CAGR during the period 2016-2021. Falling raw material prices, geographical expansion, widening product portfolio, developing new markets and increase in Public and Private Investment in infrastructure is expected to drive the sales of plastic pipes and fittings in the future.
The report provides information on market size of the Europe plastic pipes and fittings market, market segmentation on the basis of type of material used, application, major countries and usage.
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