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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Plastic Pipes market. Market segmentation includes Material Type (PVC, cPVC, PE, PP and Other Material Types); End-Use (Water Supply, Sewer & Drainage, Building & Construction, Oil & Gas, Agriculture and Other End-Uses).

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24 November 1:15 a.m., Silicon Valley, California - According to the new market research report, the global market for Plastic Pipes is projected to grow at a CAGR of 5.6% reaching US$40.2 billion by 2027. Growth in the plastic pipes market after COVID-19 crisis is buoyed by the resurgence in construction and infrastructure development activity and the resulting opening up of opportunities in water transmission and distribution; sewage and storm drain outlets; and pipeline transportation of natural gas. Plastic pipes are favored for concealed piping assembly and underwater sewer works, on account of its long life and lower susceptibility for repairs and replacement, which makes plastic pipe assemblies almost maintenance free, lowering the cost in the long term. Increasing awareness regarding the advantages of plastic pipes is expected to result in the use of plastic pipes as an alternative to other material pipes. Plastic pipes are lightweight and cheaper compared to conventional metal pipes and are resistant to rust and corrosion. Plastic pipes find use in several domestic applications, which predominantly include storm sewer and drainage systems, water sewer, ducts and channels plowed to place telecommunication and electric cables, and for carrying petroleum and natural gas products. Plastic pipes are highly resistant to chemicals and bacterial attacks, light in weight and non-corrosive in nature.

Future growth in the global plastic pipes market would emerge from developing economies, especially Asia-Pacific. Plastic pipes market in Asia-Pacific, Africa and Middle East regions is expected to exhibit rapid growth in the coming years due to increasing usage of pipes by local municipalities, industrial and construction segments. Moreover, growth in these markets is expected to outpace global growth on account of growing demand for the products in natural gas distribution systems, construction and telecommunications sectors.

Given the surging competition in the market, manufacturers are increasingly focused on development of innovative products to gain a competitive edge. Technological advancements, new growth markets and ever-growing application areas are driving demand for innovative products. Innovation in terms of new materials and production techniques for plastic pipe systems is expected to enable the development of customized solutions. Further, the development of new plastic pipes systems with higher stress resistance is expected to augment replacement of steel pipes in areas such as domestic drinking water supply, due to technical and economic benefits. Advancements in joint performance contributing to the integrity of plastic pipelines are also encouraging uptake of plastic pipes in water, sewer and gas networks. Various grades of pipe materials developed are designed to handle elevated temperatures, and environments with high concentrations of disinfectants. New technologies and innovative plastic machinery aimed at saving energy, minimizing waste scrap, pipe weight and costs during production also contribute to the growing share of plastic pipes in various applications.

Global demand for large diameter plastic pipes, used in water transmission and distribution is set to rise in near term, driven by rising worldwide population and subsequent need to improve access to clean water. Over the years, use of plastic pipes in water and wastewater applications grew noticeably led by its favorable attributes. Plastic pipes are less-expensive, yet efficient means to transport water across the supply chain from source to treatment facility, to end-user, and to waste treatment facility and again back to source. Plastic pipes demonstrated endurance and durability of performance in long distance applications along with the need to maintain economic viability of pipeline infrastructure is expected to promote demand for large diameter plastic pipes, deemed an inexpensive alternative to iron and steel pipes. With plastic not subject to extreme price fluctuations as in the case of conventional pipe materials such as steel and iron, large diameter plastic pipes are expected to register significant demand as replacements for existing infrastructure.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 2863. Among this pool, 513 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 86 unique participations, a total of 39 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
JM Eagle, Inc.
Pipelife International GmbH
Polypipe Group PLC
A.G. Petzetakis SA
China Lesso Group Holdings Ltd.
IPEX, Inc.
National Pipe & Plastics, Inc.
North American Pipe Corporation
Performance Pipe
Plastika AS
Advanced Drainage Systems, Inc.

Segments Covered in the Report -
Material Type (PVC, cPVC, PE, PP, Other Material Types)
End-Use (Water Supply, Sewer & Drainage, Building & Construction, Oil & Gas, Agriculture, Other End-Uses)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
UAE
Rest of Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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