Plastic Pipes Market to grow by USD 23.57 Billion from 2024-2028, driven by construction growth in emerging economies and AI's impact on market trends - Technavio

Oct 28, 2024, 14:33 ET

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NEW YORK, Oct. 28, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The Global Plastic Pipes Market size is estimated to grow by USD 23.57 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.4% during the forecast period. Growing construction activities in emerging economies is driving market growth, with a trend towards growing popularity of anti-microbial pipes. However, fluctuating price of raw materials used in plastic pipe production poses a challenge.Key market players include Advanced Drainage Systems Inc., Aliaxis Holdings SA, Astral Ltd., Chevron Phillips Chemical Co. LLC, China Lesso Group Holdings Ltd., Georg Fischer Ltd., IPEX BRANDING INC., JM Eagle Inc, Kubota Corp., NIBCO INC., Polypipe Ltd, R C Plasto Tanks and Pipes Private Ltd, RIFENG Enterprise Co Ltd, Saudi Arabian Amiantit Co., Sekisui Chemical Co. Ltd., Tessenderlo Group NV, Uponor Corp., Viega GmbH and Co. KG, Wavin BV, and WL Plastics.

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Plastic Pipes Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 - 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.4%

Market growth 2024-2028

USD 23.57 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.3

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 60%

Key countries

China, US, India, Japan, Germany, UK, South Korea, Canada, Indonesia, and France

Key companies profiled

Advanced Drainage Systems Inc., Aliaxis Holdings SA, Astral Ltd., Chevron Phillips Chemical Co. LLC, China Lesso Group Holdings Ltd., Georg Fischer Ltd., IPEX BRANDING INC., JM Eagle Inc, Kubota Corp., NIBCO INC., Polypipe Ltd, R C Plasto Tanks and Pipes Private Ltd, RIFENG Enterprise Co Ltd, Saudi Arabian Amiantit Co., Sekisui Chemical Co. Ltd., Tessenderlo Group NV, Uponor Corp., Viega GmbH and Co. KG, Wavin BV, and WL Plastics

Market Driver

The plastic pipes market is witnessing a notable trend towards the use of anti-microbial pipes due to rising concerns over water quality and public health. These pipes are designed with materials or coatings that inhibit the growth of bacteria, fungi, and other microorganisms, ensuring cleaner water supply and reducing contamination risks. This trend is particularly significant in sectors like healthcare, food processing, and residential plumbing. In March 2024, Aliaxis introduced India's first anti-microbial UPVC pipes, utilizing silver ion technology for comprehensive protection against various contamination threats. These pipes offer antibacterial, antiviral, antifungal, and antialgal benefits, while maintaining durability and longevity. Independent lab tests confirm 90% efficacy against bacteria, viruses, and fungi, and 40% protection against algae. By preventing biofilm buildup, these pipes are ideal for transporting clean and hygienic drinking water in buildings. With increasing public health concerns and regulatory pressures, the demand for anti-microbial pipes is projected to surge, contributing to the growth of the global plastic pipes market.

The Plastic Pipes Market is experiencing significant growth due to the increasing demand for pipeline projects in various sectors. In Water Supply and Sewage Treatment, PVC (Polyvinyl Chloride) and PE (Polyethylene) pipes are popular choices due to their corrosion resistance and lightweight properties. HDPE (High-Density Polyethylene) and LDPE (Low-Density Polyethylene) are also widely used in Water and Wastewater, Renewable Energies, and Hydrogen Networks. PVC, PE, PP (Polypropylene), and other plastic pipe materials are essential for Infrastructure Investment in Potable Water, Extreme Weather, Wastewater Disposal, and Cross-Linked Polyethylene (PE-X) for Gas Supply. Plastic pipes are also used in Building and Construction, Agriculture, Chemicals, Power Generation, Chemical Processing, Food Processing, and Water Infrastructure. Recycled Plastics and Bioplastics are gaining traction due to their eco-friendly nature. Plastic pipes offer ease of installation, non-reactive properties, and are ideal for Water Use and Water Treatment Plants. Ceresana reports a positive outlook for the Plastic Pipes Market, with continued investment in pipeline projects and the shift towards sustainable solutions.

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Market Challenges

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Segment Overview

This plastic pipes market report extensively covers market segmentation by

1.1 Polyvinyl chloride- The Plastic Pipes Market has experienced significant growth due to its numerous advantages over traditional piping materials. These advantages include lightweight, durability, and resistance to corrosion. Plastic pipes are widely used in various industries such as water supply, oil and gas, and chemical processing. The market is driven by increasing infrastructure development and growing demand for water and wastewater treatment. Key players in the market include companies like Pexco, Uponor, and Nippon Steel & Sumitomo Chemical.

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Research Analysis

The Plastic Pipes Market encompasses the production, sale, and installation of plastic pipes for various applications. These include pipeline projects for water supply, sewage treatment, and industrial processes. Plastic pipes offer advantages such as lightweight properties, resistance to extreme weather, and cost-effectiveness. Key materials used in plastic pipes are PVC (Polyvinyl Chloride), PE (Polyethylene), and its variants HDPE (High-Density Polyethylene) and LDPE (Low-Density Polyethylene). The market caters to diverse sectors like infrastructure investment, potable water, agriculture, wastewater disposal, renewable energies, hydrogen networks, plastic cable protection, and more. Ceresana reports that the global plastic pipes market is expected to grow due to increasing infrastructure investment and the demand for water use in sectors like building and construction, power generation, chemical processing, food processing, and water infrastructure. Additionally, the rise of renewable energies and the development of cross-linked polyethylene (PE-X) and Acrylonitrile Butadiene Styrene (ABS) pipes are also driving market growth.

Market Research Overview

The Plastic Pipes Market encompasses the production, sale, and installation of plastic pipes used in various industries. Plastic pipes are increasingly being adopted for pipeline projects due to their advantages over traditional materials. These advantages include lightweight properties, ease of installation, corrosion resistance, and non-reactivity. Plastic pipes find extensive applications in Water Supply and Sewage Treatment, with PVC (Polyvinyl Chloride), PE (Polyethylene), and PP (Polypropylene) being the most commonly used materials. PE pipes, specifically HDPE (High-Density Polyethylene) and LDPE (Low-Density Polyethylene), are popular choices due to their durability and resistance to extreme weather conditions. The Plastic Pipes Market caters to diverse sectors such as Water and Wastewater, Agriculture, Chemicals, and Renewable Energies. Applications include potable water supply, sewage systems, wastewater disposal, hydrogen networks, plastic cable protection, and cross-linked polyethylene (PE-X) pipes. Plastic pipes are also used in power generation, chemical processing, food processing, and building and construction. Ceresana, a market research institute, reports that infrastructure investment and increasing water use are key drivers for the Plastic Pipes Market. The market is expected to grow further due to the need for water infrastructure development, wastewater management, and the shift towards renewable energies and hydrogen networks. Recycled plastics and bioplastics are gaining popularity due to environmental concerns. Plastic waste management and recycling are crucial aspects of the Plastic Pipes Market, with an increasing focus on minimizing environmental impact. The commercial and industrial sectors are significant consumers of plastic pipes, with water supply systems, gas supply, and sewage systems being major applications. Plastic pipes are also used in rainwater harvesting, wastewater treatment, and water treatment plants. In conclusion, the Plastic Pipes Market is a dynamic and growing industry, driven by infrastructure development, increasing water use, and the shift towards renewable energies. The market offers numerous opportunities for innovation, with advancements in materials, manufacturing processes, and applications.

Table of Contents:

1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation

7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Company Landscape11 Company Analysis12 Appendix

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SOURCE Technavio