Plastic Pipes And Shapes Market Value is Expected to Reach $137.1 Billion by 2022 | TBRC Reports

Plastic Pipes And Shapes Market - By Type (Plastic Pipe And Pipe Fitting Manufacturing, And Unlaminated Plastic Profile Shape Manufacturing), Market Share, Driver, Restraint, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global plastic pipes and shapes market reached a value of nearly $106.5 billion in 2018, having grown at a compound annual growth rate (CAGR) of 5.3% since 2014, and is expected to grow at a CAGR of 6.5% to nearly $137.1 billion by 2022.

The key drivers of the plastic pipes and shapes market include:
Increasing Awareness About Benefits Of Plastic Pipes
The plastic pipes and shapes market is 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. According to a report by the European Plastic Pipes and Fittings Association (TEPPFA), 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.

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Plastic Pipes And Shapes Market Segmentation:
The plastic pipes and shapes market is segmented by type of product, by end-user and by geography.
By Type Of Product- The plastic pipes and shapes market can be segmented by type of product
a) Plastic Pipes and Pipe Fittings
b) Unlaminated Plastic Profile Shapes
The plastic pipes and pipe fittings market was the largest segment of the plastic pipes and shapes market in 2018 at 72.6%. The unlaminated plastic profile shapes market is expected to be the fastest-growing segment going forward at a CAGR of 7.0%.

By End-User - The plastic pipes and shapes market can be segmented by end-user
a) Oil and Gas
b) Sewage/Drainage
c) Irrigation and Water Use
d) Industrial Use
e) Others
The sewage/drainage market was the largest segment of the plastic pipes and shapes market by end use in 2018 at 35.0%.

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By Geography - The plastic pipes and shapes market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in plastic pipes and shapes market are
• Mexichem, S.A.B. de C.V.
• Aliaxis Group S.A. / N.V.
• China Lesso Group Holdings Limited
• Chevron Phillips Chemical Company LLC
• Sekisui Chemical Co., Ltd.

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