Plastic Competitive Pipe Market is expected to surpass revenues worth $98.24 billion by 2026, growing at a CAGR of 5.4%

Plastic Competitive Pipe Market

According to a report by PMR, the global plastic competitive pipe market was valued at $70.58 billion in 2020 and is expected to reach $98.24 billion by 2026, growing at a CAGR of 5.4% during the forecast period. The growth of this market is attributed to the increasing demand for plastic pipes in various applications such as water supply, gas supply, and sewage due to their superior properties such as corrosion resistance, ease of installation, and long lifespan.

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The plastic competitive pipe market is growing rapidly due to the increasing demand for lightweight, durable, and cost-effective pipes in various industries such as construction, automotive, and agriculture. Plastic pipes are widely used in various applications such as water distribution, gas supply, sewage, and drainage due to their superior properties such as flexibility, corrosion resistance, and ease of installation. The global plastic competitive pipe market is expected to grow significantly over the next few years due to the increasing adoption of plastic pipes in various end-use industries.

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.

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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Market Segmentation

The plastic competitive pipe market is segmented based on type, application, and geography.

By type, the market is segmented into PVC, PE, PP, and others. PVC pipes are widely used in various applications such as water supply, irrigation, and drainage due to their superior properties such as low cost, lightweight, and ease of installation.

By application, the market is segmented into water supply, gas supply, sewage, and others. The water supply segment is expected to hold the largest share of the market due to the increasing demand for plastic pipes in the water distribution industry.

Geographical Analysis The global plastic competitive pipe market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to hold the largest share of the market due to the increasing demand for plastic pipes in various end-use industries such as construction, automotive, and agriculture. Additionally, the presence of major players in the region is expected to contribute to the growth of the market.

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Conclusion

In conclusion, the global plastic competitive pipe market is expected to grow significantly over the next few years due to the increasing demand for plastic pipes in various end-use industries such as construction, automotive, and agriculture. The water supply segment is expected to hold the largest share of the market due to the increasing demand for plastic pipes in the water distribution industry. The market is highly competitive, with major players adopting various strategies to expand their market presence.

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