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Sprayed-in-Place Pipe (SIPP) Market Size to Grow at a CAGR of 4.4% by 2024

11-14-2019 11:21 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Sprayed-in-Place Pipe (SIPP) Market Size to Grow at a CAGR of 4.4%

Sprayed-in-Place Pipe (SIPP) Market is expected to grow at a CAGR of 4.4% during 2019-2024, according to a newly added report by Stratview Research. The SIPP market is mainly driven by the spending of government and municipal corporations towards infrastructure rehabilitation. Most of the water main pipes, wastewater pipes, and storm pipes in the major countries, such as the USA, Germany, and Canada, have reached or almost reaching their retirement age and need rehabilitation for smooth functioning in the future.

The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in four ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2019-2024.

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As per the report, among different application types, Water main pipe is likely to remain the most dominant as well as the fastest-growing segment during the forecast period. All the major applications are likely to grow at healthy rates over the next five years. The replacement of old dig-and-replace method with the trenchless rehabilitation technologies including SIPP is driving the growth of the market. Generally, the wastewater pipes and storm pipes are large in size in terms of diameter and require comparatively more funds for rehabilitation. Cured-in-place pipe (CIPP) is the most widely used trenchless technology for wastewater and stormwater pipe rehabilitation.

Based on the material type, the market is segmented as cement mortar, epoxy coating, polyurea coating, polyurethane coating, and geopolymer mortar. Cement mortar is projected to remain the most dominant material type in the SIPP market during the forecast period, whereas geopolymer mortar is likely to remain the fastest-growing material type during the same period. Cement mortar is the oldest material among SIPP family, which is being used from the 1920s for the rehabilitation of pipelines. It offers a host of advantages over competing for rehabilitation technologies including good corrosion resistance. It provides excellent structural strength to the host pipe and is highly economical in terms of cost, key whys and wherefores for its widespread acceptance for pipe rehabilitation.

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North America is projected to remain the largest market for SIPP during the forecast period. In the region, most of the installed pipelines have passed their retirement age or are reaching their retirement age and need rehabilitation. The average life span of a pipeline installed is around 50 years with most of them have passed the lifespan. Rehabilitation of these infrastructure gives an extended life of around 30-50 years to the pipe. The USA is not only the largest market for SIPP in North America but also in the world. The country is the early mover in the trenchless pipe rehabilitation with regard to material adoption and technology.

Asia-Pacific is expected to witness the highest growth during the forecast period. Japan, China, and Australia are the growth engines of the Asia-Pacific’s SIPP market. These economies will continuously generate a huge demand for SIPP to support their aging pipeline infrastructure. Japan is set to maintain its dominance in the region’s market over the next five years, whereas China is likely to be the fastest-growing market in the region during the same period. Furthermore, key economies in the region are incessantly increasing their infrastructure budget with the purpose to decrease water loss and to improve the water quality. All these factors are like to contribute significantly towards the growth of the SIPP market in the region.

Read the Full Report Description here

Salient Features of the Report
The report on Sprayed-in-Place Pipe (SIPP) Market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
• Market structure,
• Market environment analysis,
• Market trend and forecast analysis,
• Market segment trend and forecast,
• Competitive landscape and dynamics,
• Attractive market segments and associated growth opportunities,
• Emerging trends,
• Strategic growth opportunities for the existing and new players,
• Key success factors

About Stratview Research:
Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
Direct: +1-313-307-4176

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

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