Press release
Plastic Pipes Market is Projected to Reach US$ 51 Bn by the end of 2029
Plastic Pipes Market 2022
According to the market estimates, the global plastic pipe market is projected to reach ~US$ 51 Bn by the end of the forecast period, registering ~CAGR of 5%.
This report provides in depth study of "Plastic Pipes Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. Plastic Pipes Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Request for Free Sample Copy of Plastic Pipes Market Report@ https://www.persistencemarketresearch.com/samples/16597
Persistence Market Research (PMR) has released a new market study on the plastic pipes market that includes the global industry analysis for 2014-2018 and forecast for 2019-2029. The report specifically considers plastic pipes utilized in the construction industry, especially in residential and commercial applications (excluding industrial plant construction). Generally, pipes are used for plumbing, heating & cooling, soil & waste, HVAC (ventilation, air conditioning), and other systems. Other industries such as oil & gas, agriculture, and chemical also prominently utilize plastic pipes.
Additionally, the report offers thorough analysis of the plastic pipes market for the coming ten years. The report on plastic pipes summarizes macroeconomic factors that could assist and influence the growth of the market and forecast factors. The market size roughly equated revenues worth ~US$ 30 Bn in 2018, and is anticipated to grow at a moderate CAGR of ~5% during the assessment period, prominently influenced by the cyclic trend of the construction industry and new product launches.
Key Companies-
• Aliaxis Group S.A.
• Sekisui Chemical Co., Ltd.
• Wienerberger AG
• Mexichem SAB de CV
• JM Eagle, Inc.
• ASTRAL POLYTECHNIK LIMITED
• China Lesso Group Holdings Ltd.
• Geberit AG
• Nan Ya Plastics Corp.
• Finolex Industries Ltd.
• Chevron Phillips Chemical Company
• Formosa Plastics Corporation
• Georg Fischer Ltd.
• Advanced Drainage Systems Incorporated
• Contech Engineered Solutions LLC
• Supreme Industries Ltd
• Polypipe Group Plc
• Prince Pipes & Fittings India Private Limited
• AGRU Kunststofftechnik Gesellschaft MBH
• FRANK GmbH
Complete Report Details@https://www.persistencemarketresearch.com/market-research/plastic-pipes-market.asp
Construction and Oil & Gas Exploration Projects - A Strong Impetus
Countries such as U.S., India and China are leading contributors to the growth of construction industry, including residential, commercial, and industrial sectors, and are estimated to contribute more than 50% to the growth of global construction industry in the near future. Increasing onshore exploration activity and transportation via pipelines, in turn, is expected to boost the demand for pipes during the forecast period.
More than 130 ongoing projects of natural gas exploration and transportation pipelines in the U.S. shall be completed in nearby future. The expansion of electronics & telecommunication has resulted in increased demand for pipelines to protect underground cables. This global expansion of electronics and telecommunication industry is expected to fuel the demand for plastic pipes over the forecast period.
More than 50% of the world's population resides in urban areas. This percentage is projected to expand, especially in China and India, to 66% by 2050 as per United Nations DESA Website. Growing urbanization is expected to scale up the demand for plastic pipes manufacturing for various applications, such wastewater drainage systems, gas pipes lines, and water pipelines, among others.
With increasing activities surrounding municipal and industrial wastewater treatment, the demand for a strong network of collection systems for combined sewers, separate sanitary sewers, and industrial wastewater is increasing across the globe. Significant increase in urbanization is anticipated to further fuel the demand for plastic pipes in the near future.
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Key Questions Answered in PMR's Plastic Pipes Market Report
• Which region is anticipated to hold a prominent market share over the forecast period?
• What will be the key driving factors prompting the demand for plastic pipes during the forecast period?
• How current trends will impact the plastic pipes market?
• Who are the significant market participants in the plastic pipes market?
• What are the crucial strategies of prominent players in the plastic pipes market to upscale their positions in this landscape?
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