North American CIPP Market is Forecasted to Reach US$ 2.4 billion in 2030, Says Stratview Research

The global North American CIPP Market is projected to witness a growth rate of 4.7% annually from 2024 to 2030, with an anticipated size of US$ 2.4 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global North American CIPP Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 2.4 billion
Growth (CAGR): 4.7% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 7
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the North American CIPP Market:

The global North American CIPP Market is segmented based on diameter type, resin type, fabric type, curing type, coating type, and region.

Based on resin type - The market is classified as polyester resin, vinyl ester resin, and epoxy resin.
Our analysis suggests that polyester resin-based CIPP is expected to remain the dominant resin segment, whereas epoxy resin-based CIPP is expected to be the fastest-growing segment in the foreseen future. As Polyester has strong chemical resistance, low tensile elongation, and high flexural modulus, polyester resins are mostly employed in stormwater and sewer pipe rehabilitation. Its demand is further increased by lower costs when compared to epoxy and vinyl ester resins. Epoxy resin is one of the more environmentally friendly options for CIPP, which emits fewer volatile organic compounds (VOCs) and no hazardous air pollutants (HAPs). Since epoxy resin is the only resin that satisfies NSF/ANSI 61 potable water criteria, epoxy resin-based CIPP is preferably utilized for the restoration of potable water pipelines.

Based on fabric type - The market is segmented into polyester fabric, glass fabric, and other fabrics.
Polyester is likely to remain the most dominant fabric type, whereas glass fabric is expected to be the fastest-growing fabric type in the market during the forecast period. In comparison to other fabrics, polyester fabric is very reasonably priced and meets the ASTM D461 standard while exceeding the required tensile strength. It has been recognized as the best fabric for high surface tension and ideal resin transport. When UV curing is used for CIPP, glass fabric is the recommended material of choice. The primary rationale behind opting for glass fabric liners with UV curing over felt liners cured in water or steam is that UV curing produces environmentally harmful byproducts.

Based on curing type - The market is segmented into hot water curing, steam curing, and UV curing.
Among these three types, steam curing remains dominant in the market due to its shorter curing time and the strength of the finished products. Heat transfers much faster in the steam process than in the hot water method, the total curing period is shorter in the steam process. In addition, steam cure systems use less water to set up on the construction site than hot water cure systems, which can require considerable amounts of water. Throughout the projected period, UV curing is anticipated to continue to grow at the fastest pace in the industry. UV liners can be delivered straight to the job site ahead of schedule because they don't require refrigeration. They are not temperature-sensitive, help reduce emissions, and are three to five times stronger than traditional felt CIPP liners.

Based on coating type - The market is classified as polypropylene (PP)-coated CIPP, polyethylene (PE)-coated CIPP, polyurethane (PU)-coated CIPP, non-coated CIPP, and other coatings CIPP.
Out of these coating types, PP-coated CIPP is expected to remain the most dominant segment in the market. This is due to its exceptional elasticity, ease of handling, attractive price-to-performance ratio, greater thickness compared to conventional coatings, strong bonding with the felt, and resistance to hydrolysis and chemical attack.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/3737/North-American-CIPP-Market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that The USA is projected to remain the largest market for CIPP during the forecast period. This growth outlook is majorly attributed to the following-

• It is the largest market for CIPP in North America as well as in the world.
• Most of the pipeline construction in the region was done post-World War II and requires rehabilitation with CIPP, the most suitable method for pipe rehabilitation.

North American CIPP Market Drivers:

Some of the key drivers listed in the report are given below.
• Infrastructure for aging potable and sewage water.
• Rising expenditure by municipalities on utility and pipeline rehabilitation.
• Growing awareness regarding the advantages of trenchless methods.
• The superior performance of CIPP compared to other trenchless technologies.

Top Companies in the North American CIPP Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Aegion Corporation
• Michels Corporation
• PURIS Corporation
• Reline Group UV
• SAERTEX Multicom
• SAK Construction
• Vortex Companies
• Waterline Renewable Technologies

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the North American CIPP Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Trenchless Pipe Relining Market: https://www.stratviewresearch.com/658/trenchless-pipe-relining-market.html
• Cured-in-Place Pipe (CIPP) Market: https://www.stratviewresearch.com/287/Cured-in-Place-Pipe-CIPP-Market.html

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