Water and Wastewater Pipe Market Research Report - Global Forecast till 2024
Global Water and Wastewater Pipe Market: Information, by Material Type (Plastic Pipe, Metal Pipe, Concrete Pipe and Clay Pipe), by Application (Municipal, Industrial and Agriculture) and by Region (North America, Europe, Asia-Pacific (APAC), South America and the Middle East & Africa) - Forecast to 2024
Market Analysis
The global water and wastewater pipe market is expected to witness substantial growth during the forecast period. Due to fast industrialization and urbanization in developing economies, such as, India, China and Japan Asia-Pacific is projected to be a leading region for water and wastewater pipe market.Investments in the infrastructure and construction industries, fueling the water and wastewater pipe market during the forecast period has increased due to the events such as renovating, and reconstruction of old buildings have increased. The second largest market share in the water and wastewater pipe market was held by North America in the year 2018. The region has witnessed substantial progress in the construction industry, owing to the rise in real estate investments. Such factors driving the water and wastewater pipe market in this region. The plastic pipe segment has number of qualities such as its lightweight, flexibility, durability, and versatility. Due to such qualities it is expected to dominate the global market. The pipes consisted in this segment are made of thermoplastic and thermoset plastics. The Global Water and Wastewater Pipe Market is anticipated to Expand at 6.53% CAGR during the forecast period. During the forecast period Asia-Pacific is expected to lead the water and wastewater pipe market. The main reason of the growth of the construction industry and, consequently, the water and wastewater pipe market is the evolution of the infrastructure and construction industries and the improvement in the financial conditions in Asia-Pacific. Activities such as refurbishing and renovation of old buildings have boosted investments in the infrastructure and construction industries, fueling the water and wastewater pipe market in Asia-Pacific. Additionally, the precipitous industrialization and urbanization in rising economies, such as China, India, and Japan, is also increasing the growth of the water and wastewater pipe market in the region. According to the National Bureau of Statistics of China, in the year 2017, compared to the USD 2.1 billion in 1978, the value-added output of the construction industry reached USD 816.6 billion, with an average annual growth rate of 16.6%. The country has experienced rapid growth in industrialization and growing population levels, which have driven the demand for reasonable housing. The major growth of the construction industry is expected to drive the water and wastewater pipe market during the forecast period
Market Segmentation
The Water and Wastewater Pipe Market segmentation has been given by material type and by application. Based on material type the market is fragmented into plastic pipe, metal pipe, concrete pipe and clay pipe. Based on application, the market is fragmented into municipal, industrial and agriculture.
Regional Analysis
Geographically, The Water and Wastewater Pipe Market are split in regions like North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa.
Major Players
Mexichem S.A.B. de C.V. (Mexico), Tyman plc. (US), CEMEX S.A.B. de C.V. (Mexico), JM EAGLE, INC. (US), CHINA LESSO (China), Saint-Gobain Group (Germany), National Pipe & Plastics (US), AMERICAN (US), Aliaxis Group SA/NV (Belgium), Tenaris (US), Future Pipe Industries (UAE) are some of the major players in the Water and Wastewater Pipe Market.
