Lucintel’s latest market report analyzed that plastic pipe provides attractive opportunities in water and wastewater, agriculture, chemical, and electrical & telecommunication cable protection. The plastic pipe market is expected to reach $99.5 billion by 2028 with a CAGR of 3.9%. In this market, PE pipe is the largest segment by polymer type, whereas wastewater is largest by application. The usage of anti-microbial plastic pipes to improve hygiene, replacement of traditional material pipes with eco-friendly ABS (Acrylonitrile Butadiene Styrene) and PE plastic pipes, and increasing consumption of multilayer plastic pipes in gas distribution provides strategic growth path in this market.
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Based on polymer type, the plastic pipe market is segmented into PVC (Poly Vinyl Chloride) pipes, PE (Poly Ethylene) pipes, PP (Poly Propylene) pipes, and others. The PE pipes segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to heat resistance, low cost, durability, minimal maintenance requirements, and superior energy efficiency.
Browse in-depth TOC on “Plastic Pipe Market”
52 – Tables
73 – Figures
202 – Pages
The Plastic Pipe Market is marked by the presence of several big and small players. Some of the prominent players offering plastic pipe include Orbia, Mexichem SAB, China Lesso Group, Sekisui Chemical, Formosa Plastics Group, Advanced Drainage Systems.
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