The polymer pipes market size has the potential to grow by USD 13.15 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (PVC, PE, and others), end-user (construction, oil and gas, agriculture, and others), and geography (APAC, Europe, North America, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Advanced Drainage Systems Inc., Aliaxis Group SA, Astral Poly Technik Ltd., Georg Fischer Ltd., J-M Manufacturing Co., Polypipe Group Plc, Sekisui Chemical Co. Ltd., Shin-Etsu Polymer Co. Ltd., Tessenderlo Group NV, and Wienerberger AG.
Market Overview
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Market Competitive Analysis
The market is fragmented with the presence of numerous vendors manufacturing different types of polymer pipe products. Advanced Drainage Systems Inc., Aliaxis Group SA, and Astral Poly Technik Ltd. are some of the major market participants. Although the rapidly growing construction industry will offer immense growth opportunities, the large-scale manufacturing of polymer pipes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this polymer pipes market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this polymer pipes market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Advanced Drainage Systems Inc.
- Aliaxis Group SA
- Astral Poly Technik Ltd.
- Georg Fischer Ltd.
- J-M Manufacturing Co.
- Polypipe Group Plc
- Sekisui Chemical Co. Ltd.
- Shin-Etsu Polymer Co. Ltd.
- Tessenderlo Group NV
- Wienerberger AG
Polymer Pipes Market: Segmentation by Geography
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APAC was the largest polymer pipes market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increase in construction activities will significantly drive polymer pipes market growth in this region over the forecast period.
51% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for polymer pipes in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Polymer Pipes Market: Segmentation by End-user
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The construction segment will account for the highest growth in the market owing to the rise in urbanization and the number of construction projects worldwide. Additionally, the report will provide an accurate prediction of the contribution of the various application segments to the growth of the polymer pipes market size.
Polymer Pipes Market: Key Drivers and Trends
A key factor driving the growth of the market is the rapidly growing construction industry. The growth of the global construction market is being driven by developed economies that are focused on improving their existing infrastructure. The overall development of the world economy is supporting the growth of the global construction market, which includes residential, commercial, and industrial segments. Factors such as low interest rates, changes in the global economic environment, and the increased direct real estate investment from institutional investors are expected to drive the global construction market in the future.
The acceptance of engineering-grade flexible materials is identified as one of the key global polymer pipes market trends. Engineering-grade flexible materials such as PEEK and PVDF are increasingly gaining acceptance in oil and gas applications. These materials possess high chemical, corrosion, and wear-resistance properties. They are also low weight, cost-effective, and possess mechanical properties such as high tensile and yield strength compared with metals, which have made these materials a viable option for various applications in the oil and gas industry. Thus, the growing acceptance of engineering-grade flexible materials will positively influence the polymer pipes market. Researchers forecast the polymer pipes market to post a CAGR of about 6% during 2020-2024.
Polymer Pipes Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive polymer pipes market growth during the next five years
- Precise estimation of the polymer pipes market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the polymer pipes industry across APAC, Europe, North America, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of polymer pipes market vendors
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