Press release
Driven by increasing use of sensitive electronics in industrial automation process, Cured-In-Place Pipe (CIPP) Market is expected to grow beyond US$ 3,023.6 million
Market & Growth Prognosis: Analyzing the market over a period of 2013-18 Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Cured-In-Place Pipe (CIPP) Market during the period 2019-24.Stratview Research triangulates the market to grow at a healthy CAGR over the next five years and expects the market to breach the barrier of US$ 3,023.6 million by 2024.
The Diverse Stand Points
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Cured-In-Place Pipe (CIPP) has been viewing from various perspectives such as:
Dissection By (Segments)
1. Pipe Diameter Type (Less than 1 Foot, 1 to 2.5 Feet, 2.5 to 5.0 Feet, More than 5.0 Feet)
2. Resin Type (Epoxy Resin, Polyester Resin, Vinyl Ester Resin)
3. Fabric Type (Polyester Fabric, Glass Fiber Fabric, Carbon Fiber Fabric, Others)
4. Weaving Type (Woven, Non-Woven, Others)
5. Coating Type (Polypropylene Coated, Polyethylene Coated, Polyurethane Coated, Non-Coated, Other Coated)
6. By Region (North America, Europe, Asia-Pacific and Rest of the World)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?
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The Factors Driving the market
There are various trenchless techniques available for the rehabilitation of damaged pipelines, such as CIPP and slip lining, among which CIPP is gaining popularity, owing to its numerous benefits over the competing ones. It is suitable for the rehabilitation of pipelines with a wide range of diameter as well as applications including sewer, potable water, and stormwater. It gives a new life to the damaged pipelines. As per one study, about 49% of the respondents cited that CIPP is by far the most preferred trenchless method. CIPP liners manufacturing has to be compliant under various standards governed by ASTM and has to follow the emission norms of regulatory bodies, such as OSHA regulation.
The global Cured-In-Place Pipe (CIPP) market offers healthy growth opportunity and is likely to reach an estimated value of US$ 3,023.6 million in 2024. Aging potable and sewage water structure, increasing spending by municipalities and utilities on rehabilitation, increasing awareness about the benefits of trenchless techniques, and high performance of CIPP over competing technologies are major growth drivers of the global CIPP market.
The rise of Polyester resin-based CIPP
The global CIPP market is segmented based on the pipe diameter type: Less than 1 foot, 1-2.5 feet, 2.5-5 feet, and More than 5 feet. Less than 1 foot is projected to remain the growth engine of the global CIPP market during the forecast period of 2019 to 2024. Small diameter pipes require less funding and are easy to install as compared to large diameter pipes. This has resulted in a huge installed base of small diameter pipes. 8” diameter pipe is considered to be a standard and has been one of the largest used pipelines across the world.
Based on the resin type, polyester resin-based CIPP is expected to remain the largest segment of the CIPP market during the forecast period. Polyester resin impregnates liner materials well and can be cured even when ambient temperatures drop to near or below freezing. It is mostly used in gravity sewer rehabilitation, owing to high flexural modulus, low tensile elongation, and good chemical resistance. Further, its lower cost as compared to vinyl ester and epoxy resins elevate its demand.
Vinyl ester resin-based CIPP segment is likely to witness the highest growth over the next five years, owing to its caustic and high-temperature material resistance properties. Vinyl ester resin-based CIPP offers inherently better impact resistance than the polyester resin-based CIPP construction. It is also stronger than polyester resin-based CIPP and cheaper than epoxy resin-based CIPP. Vinyl ester resins offer better resistance to moisture absorption and are the preferred choice where corrosion of pipe is the biggest concern.
Epoxy resin does not have HAPs (hazardous air pollutants) or cause VOCs (volatile organic compounds) emissions and is considered to be one of the eco-friendliest choices for CIPP. Epoxy resin-based is mostly used for the rehabilitation of potable water pipelines as it’s the only resin that meets the NSF/ANSI 61 potable water requirements.
Based on fabric type, polyester fabric-based CIPP is projected to remain the largest segment of the global CIPP market during the forecast period. Polyester fabric exceeds the desired tensile strength and meets the ASTM D461 standard for feeling at a very competitive price compared to other fabrics. It is considered a superior fabric for optimum resin carriage coupled with high surface tension.
Glass fabric is likely to remain the second-largest and fastest-growing fabric type during the forecast period. Glass fabric is the preferred choice for CIPP where curing is done through UV. The main reason for using glass fabric liner with UV curing, instead of water or steam-cured felt liners, is that felt curing generates by-products that negatively affect the environment.
Based on the curing type, steam is projected to remain the most dominant curing method in the global CIPP market during the forecast period. The overall curing time of the steam process is lower than that of the hot water curing time as the transfer of heat in the steam process is faster as compared to hot water. Set up of a steam cure system is also quicker than a hot water cure system and it does not require large-scale water on job site as required in case of hot water curing.
UV curing is likely to witness the highest growth over the next five years. UV liners do not need refrigeration; hence, they can be delivered directly to the job site in advance. They are 3 to 5 times stronger than conventional felt CIPP liners, contribute towards reducing emissions and are not temperature sensitive.
Driven by demand, North America has the hegemony over the market
In terms of regions, North America is projected to remain the largest harmonic filter market during the forecast period. The USA is the growth engine of the North American market, driven by the presence of major players of harmonic filters as well as end-use industries. Asia-Pacific is likely to be the fastest-growing harmonic filter market during the forecast period, driven by China, India, and Japan.
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● Market trend and forecast analysis
● Future Growth Boulevards
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