Thursday, December 1 2022

The use of water and sewage pipes has grown significantly over the past few years, mainly due to increased investment in water infrastructure by various governments. In addition, international organizations such as the World Bank also provide financial assistance for improving water infrastructure in economically developing countries.

Rising investment in residential and commercial construction across the globe, coupled with growing per capita spending over the past few years, has boosted the market. Moreover, these expenditures should continue since the net income of individuals will continue to increase over the next few years.

The global water and sewage pipe market has been significantly impacted by the COVID-19 pandemic. In fiscal 2020, market growth was limited due to a significant decline in agriculture, construction, and other industrial sectors. However, with increased vaccination rates and fewer COVID-19 cases, along with government programs, tax breaks and other economic efforts, demand for water and sewage pipes is expected to pick up. ground in the coming quarters.

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Key insights from market research

  • Global demand for water and wastewater pipes is expected to exceed a value of US$120.9 billion at the end of the evaluation period.
  • North America is expected to remain one of the major regional markets accounting for over 25% of the global market share.
  • By product type, demand for plastic pipes is expected to grow at a CAGR of 7% over the decade.
  • The market in India is expected to grow at a substantial rate of 7% over the forecast period.
  • East Asia remain the fastest growing regional market until 2032.

“Major players in the market are focusing on strategic expansions to meet growing demand and provide more sustainable water and wastewater pipes,” says an analyst at Persistence Market Research.

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Competitive landscape

The global water and sewage pipe market has been identified as a moderately fragmented space, whereby large companies account for approximately one-fifth of the market share.

Some of the major market players included in the report are Cabot Corporation, Tata Steel Limited, Cemex, SAB de CV, Nippon Steel Corporation, AMERICAN (American Cast Iron Pipe Company), Sekisui Chemical Co., Ltd., Future Pipe Industries, China . Lesso Group Holdings Limited, Orbia, JM EAGLE, INC. and Aliaxis Group SA.

The major players in the market are expected to maintain a competitive environment across the globe.

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More valuable information about the offer

Persistence Market Research, a research and advisory firm, has released a new market research report on the Global Water and Wastewater Pipes Market which contains industry analysis from 2012-2021 and a assessment of opportunities for 2022-2032.

The report provides an in-depth analysis of the market across different segments i.e. product type, pipe diameter, end use, application and region. The report also provides supply and demand trends along with an overview of the parent market.

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On Persistence Market Research:

Persistence Market Research (PMR), as a third-party research organization, operates through a proprietary fusion of market research and data analytics to help businesses soar no matter the turbulence encountered due to financial/natural crises.

Overview:

Persistence Market Research is always ahead of its time. In other words, he presents market solutions by putting himself in the shoes of the companies/customers long before they themselves have a boost in the market. The proactive approach followed by the experts of Persistence Market Research helps companies/clients to get their hands on technical-commercial information in advance, so that the subsequent action plan can be simplified on their part.

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SOURCE Persistence Market Research

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