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Dual Contaminant Pipe Market Growth Demand, Size, Share Analysis 2024-2033
Dual Contaminant Pipe Market Growth
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According to The Business Research Company's, The dual contaminant pipe market size has grown strongly in recent years. It will grow from $2.71 billion in 2023 to $2.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased urbanization and industrialization spurred stricter environmental regulations mandated advanced piping solutions, advancements in pipe manufacturing , technology improved product quality, the rise in infrastructure projects, growing awareness of water contamination issues, investments in oil and gas exploration, economic development in emerging markets.
The dual contaminant pipe market size is expected to see strong growth in the next few years. It will grow to $3.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing investment in water and wastewater treatment infrastructure, rising environmental concerns, technological innovations leading to more efficient pipe manufacturing processes, rapid urbanization in developing regions, increasing infrastructure needs, government policies promoting sustainable development, growing industrial activities requiring robust piping systems. Major trends in the forecast period include increasing adoption of eco-friendly and recyclable pipe materials, growing emphasis on pipeline safety and monitoring systems, rising demand for pipes with improved resistance to dual contaminants, development of smart piping solutions with real-time monitoring, increasing use of composite materials in pipe manufacturing, greater investment in research and development for advanced piping technologies.
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Market Drivers and Trends:
The growing waste management is expected to propel the growth of the dual-contaminant pipe market going forward. Waste management refers to the various schemes and activities involved in managing and disposing of waste. The rise in waste management is due to socio-economic conditions, cultural norms, institutional frameworks, physical and technical capabilities, environmental considerations, policy and macro-economic conditions, public awareness and participation, and integrated planning and coordination. A dual-contaminant pipe aids in waste management by efficiently separating and transporting two types of waste simultaneously, reducing cross-contamination and improving recycling processes. For instance, in May 2023, according to the National Environment Agency (NEA), a Singapore-based public organization, approximately 7.39 million metric tons of solid waste were produced in 2022, with 4.19 million metric tons being recycled. Moreover, non-domestic and domestic waste generation increased compared to 2021. Non-domestic waste rose from 5.12 million metric tons in 2021 to 5.53 million metric tons in 2022, while domestic waste increased from 1.82 million metric tons in 2021 to 1.86 million metric tons in 2022. Therefore, growing waste management is expected to propel the growth of the dual-contaminant pipe market.
Major companies operating in the dual contaminant pipe market are focused on developing innovative piping technologies to serve customers with advanced features better. Innovative piping technologies refer to advanced systems and materials designed to improve efficiency, sustainability, and performance in fluid transport and waste management. For instance, in January 2022, Aquatherm GmbH, a Germany-based manufacturer of plastic piping systems, launched a new series of pipes, a pre-configured pipe and drainage series. The pipe and drainage series now includes a set of fittings that are automatically compatible with the selected piping and drainage. This feature makes selecting piping products much easier and faster.
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Major Key Players of the Market:
Compagnie de Saint-Gobain S.A., Aliaxis SA, Geberit AG, Entegris Inc., IPEX Inc., Simona AG, JM Eagle Inc., Harrington Industrial Plastics LLC, IPS Corporation, PERMA-PIPE International Holdings Inc., Vinidex Pty Ltd, Frank GmbH, Genova Products Inc., Georg Fischer Piping Systems Ltd., Asahi/America Inc., AGRU Kunststofftechnik Gesellschaft M.B.H, Charter Plastics Inc., Plast-O-Matic Valves Inc., Nupi Americas Inc., Sangir Plastics Pvt. Ltd., Simtech Process Systems
Dual Contaminant Pipe Market 2024 Key Insights:
• The dual contaminant pipe market size is expected to see strong growth in the next few years. It will grow to $3.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Growing Waste Management To Drive Expansion Of Dual Contaminant Pipe Market
• Innovative Piping Technologies Drive Dual Contaminant Pipe Market Growth
• North America was the largest region in the dual contaminant pipe market in 2023
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