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Plastic Competitive Pipe Market 2022 Sale, Supply and Demand Analysis Report Forecast to 2031
Plastic Competitive Pipe Market 2022
The global plastic competitive pipe market is expected to grow at a CAGR of 5.4% during the forecast period. The growth of the market can be attributed to the increasing demand for plastic pipes from the water and wastewater treatment, oil and gas, and construction industries. Plastic competitive pipe manufacturers are focusing on expanding their product portfolio to meet the growing demand for plastic pipes. In addition, they are also investing in research and development to develop innovative products that can cater to the needs of various end-use industries.
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The plastic competitive pipe market is growing rapidly. Plastic pipes have many advantages over traditional materials, such as metal or concrete pipes. Plastic pipes are lighter, easier to install, and less expensive. They also last longer and are more resistant to corrosion than other types of pipes.
Plastic and competitive pipe is used for the conveyance of potable water, wastewater, heating and cooling fluids, foodstuffs, chemicals, gases, compressed air and vacuum system applications. Use of plastic and competitive pipe offers a broad range of advantages such as moderate cost, corrosion resistance, ease of handling and installation and long service life. These advantages further helps in the growth of plastics and competitive market. PVC, HDPE, fiberglass, ABS and CPVC are types of plastic pipe. Other pipe materials include steel, copper, concrete, aluminium, ductile iron and clay. PVC contributes the largest market share in plastics pipe.
Key Companies-
• McWane, Inc
• Advanced Drainage Systems Incorporated
• Alcoa Incorporated
• American Cast Iron Pipe Company
• AMSTED Industries Incorporated
• Can Clay Corporation
• CONTECH Engineered Solutions LLC
• Cretex Companies Incorporated
• Atkore International Holdings Incorporated
• Pipelife Jet Stream and United States Pipe and Foundry Company LLC.
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The application of plastics and competitive pipes are used in building and construction industry, electrical and electronics industry, chemical and petroleum industry. The growing expenditure on building construction further increases the demand of plastics and competitive pipe. Increasing construction of residential market, increasing housing completions and growing construction of kitchen and bathroom leads to boost the demand for drain, waste, and vent pipe.
To conduct proper electrical and telecommunication wiring, use of plastics pipe is growing in non-residential building. Building and construction industry contributed the largest share in global market of plastics and competitive pipe.
Due to its low cost, high durability and compression the use of steel pipe is growing in oil and gas industry. Activities such as drilling and distribution of gas pipeline further increase the demand of steel pipes. Among all material, steel pipes accounted the largest share in global competitive pipe market. Various government projects regarding investment on gas pipeline distribution further boost the market of plastics and competitive pipe.
In North America, plastics and competitive pipe market is growing due to various government investment over gas exploration and municipal infrastructure in wastewater pipeline distribution. The huge investment on residential and commercial building construction in developing countries of Asia Pacific further boosts the plastics and competitive pipe market.
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Key geographies evaluated in this report are:
North America - U.S, Canada
Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC - China, India, Japan, Australia, Others
Latin America - Argentina, Brazil, Others
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