The market size roughly equated revenues worth ~US$ 30 Bn in 2018, and is anticipated to grow at a moderate CAGR of ~5% during the assessment period, prominently influenced by the cyclic trend of the construction industry and new product launches.

How is the Plastic Pipes Market segregated?

The global plastic pipes market, by type of material, spans PVC, cPVC, PE (HDPE and LDPE), PP, ABS, and fiber glass. By application, it’s liquid conduits, gas conduits, and likewise. By end-use, it’s building and construction (residential, commercial, and industrial), oil & gas industry (oil & gas and building and construction), water use (municipal and industrial), water withdrawal (municipal and industrial), electronics & telecom (residential, commercial, and industrial), chemical, and agriculture. Out of these, PE holds the largest market share. Persistence Market Research has mentioned about these facts with future perspectives in its latest market study entitled “Plastic Pipes Market”.

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Region-wise Analysis

North America holds the largest market share due to continuous upgradation in infrastructure in the US. Europe is expected to grow on the similar grounds. The Asia-Pacific is poised to grow at the fastest rate in the plastic pipes market in the forecast period due to frequent exploration in oil and gas vertical and expansion of industrial and agricultural activities. Persistence Market Research has, through its team of analysts and consultants, highlighted the facts with insights in its latest market study entitled “Plastic Pipes Market”.

Competitive Landscape

Persistence Market Research has profiled the key players in plastic pipes market as Aliaxis Group S.A., Sekisui Chemical Co., Ltd., Wienerberger AG, Mexichem SAB de CV, JM Eagle, Inc., Astral Polytechnik Ltd., China Lesso Group Holdings Ltd., Geberit AG, Nan Ya Plastics Corp., Finolex Industries Ltd., Chevron Phillips Chemical Company, Formosa Plastics corporation, Georg Fischer Ltd., Advanced Drainage Systems Inc., Contech Engineered Solutions LLC, Supreme Industries Ltd., Polypipe Group Plc, Prince Pipes & Fittings India Private Ltd., AGRU Kunststofftechnik Gesellschaft M.B.H, and Frank GmbH. It has also stated that these participants are engaged into organic and inorganic modes of expansion to get better of the market. They include mergers, acquisitions, partnerships, joint ventures, and new product launch.

What’s More?

The global plastic pipes market is slated to grow at a substantial rate in the next 10 years – Persistence Market Research

Source: Persistence Market Research