Lucintel Forecasts Plastic Pipe Market to Reach $147 Billion by 2030
Lucintel Forecasts Plastic Pipe Market to Reach $147 Billion by 2030
Blog Article
According to the recent study the Plastic Pipe Market is projected to reach an estimated $147 billion by 2030 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by growing residential and non-residential construction activities, replacement of aging pipelines, and increasing awareness of the attractive properties of plastic pipes.
A more than 150-page report to understand trends, opportunities and forecast in plastic pipe market by plastic pipe market by polymer/plastic type: PVC (Poly Vinyl Chloride) pipes, PE (Poly Ethylene) pipes, PP (Poly Propylene) pipes, and others; by diameter (large diameter pipes and small diameter pipes); application (potable water, wastewater, electrical, telecommunication cable protection, agriculture, chemical, and oil and gas); and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that PE pipes are expected to witness significant growth over the forecast period because of their heat resistance, low cost, durability, minimal maintenance requirements, and superior energy efficiency.
Within the global the global plastic pipe market is segmented into potable water, wastewater, electrical and telecommunication cable protection, agriculture, chemical, and oil & gas by application, the wastewater segment is expected to witness significant growth over the forecast period.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the increasing urbanization, infrastructure development, and the continuous growth of the residential construction and industrial sectors.
Orbia, Mexichem SAB, China Lesso Group, Sekisui Chemical, Formosa Plastics Group, Advanced Drainage Systems are the major suppliers in the plastic pipe market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056