World Plastic Pipes Market to Exceed 6.5 Billion Meters by 2015, According to New Report by Global Industry Analysts, Inc.

Mar 01, 2011

Components and materials » Pipes » Plastics

GIA announces the release of a comprehensive global report on the Plastic Pipes market. World plastic pipes market is projected to exceed 6.5 billion meters by 2015, driven by heavy infrastructure investments and construction boom in the developing countries as well as new application areas for plastic pipes including electrical and telecommunications conduits and wastewater and drainage pipe systems.

The global recession pulled down the growth in plastic pipes market owing to significant downturn in construction and building, two of the most adversely affected industries during the crisis. However, the market is bound to recover soon, with the developing countries already displaying positive developments. In developed countries, demand would be driven mainly by replacement sales, while in developing markets, huge infrastructure investments are likely to drive market growth, as stated by the new market research report on Plastic Pipes. Rapid economic development in Asia-Pacific, Middle East, Eastern Europe, and Latin America are expected to propel demand for plastic pipes in natural gas distribution systems. In addition, infrastructure investments entailing advancements in drinking water transfer systems, and sewage and drainage systems due to urbanization in these regions are also expected to drive market expansion.
 
Plastics are rapidly penetrating into the piping market and replacing other materials such as steel and cast iron owing to their superior performance in sectors such as utility water systems, cable protection, large diameter sewage pipe, and under-floor heating. Europe represents the largest market for plastic pipes. Buoyed by the robust growth in countries such as China and India, Asia-pacific is projected to record fastest growth at a CAGR of 5.8% over the analysis period. Within the global Plastic Pipe market, Polyvinyl Chloride (PVC) pipes represents the largest segment. PVC pipes are gradually losing share due to toxic nature and growing environmental concerns. Introduction of high-quality, less toxic products such as High Density Polyethylene pipes with features such as joint integrity, flexibility, trench laying capability and sturdiness is adding to the growing market for Polyethylene (PE) pipes. Crosslinked PE (PEX), another type of PE pipe, is being increasingly used in underfloor radiant heating applications. Polypropylene (PP) pipes, currently being used primarily as replacement for PVC pipes in building and sewer systems, is another growing category with huge potential in the future.
 
The highly competitive nature of the plastic pipes industry and the fragmented structure is necessitating the need for mergers and acquisitions. Major players in the global plastic pipe market include A.G. Petzetakis, Advanced Drainage Systems Inc., Amanco, C. I. Kasei Company, Chevron Phillips Chemical Company LLC, EgePlast A. S, Finolex Industries Ltd., Foshan Rifeng Enterprise Co., IPEX Inc, JM Eagle Company Inc., KWH Pipe Ltd, Mitsubishi Plastics Inc., National Pipe and Plastics Inc, North American Pipe Corporation, Pipelife International GmbH, Plastika AS, Polypipe Plc, Royal Pipe Systems, Sekisui Chemical Company Ltd, Shin-Etsu Polymer, Tessenderlo Group, Thai Pipe Industry Co Ltd, Tigre SA Tubos e Conexoes, Uponor Corp, and Wavin N.V.
 
The research report titled "Plastic Pipes: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, regulatory climate, an insight into end-use applications, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, the UK, Italy, Spain, Russia, Asia-Pacific, Latin America and Rest of World. Market analytics are provided in terms of volume over the years 2000-2015 for product segments - PVC Pipes, PE Pipes, PP Pipes & Other Plastic Pipes.
 
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Plastic_Pipes_Market_Report.asp

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