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Plastic Pipes - Global Market Trajectory & Analytics

  • ID: 344064
  • Report
  • April 2021
  • Region: Global
  • 997 Pages
  • Global Industry Analysts, Inc
Crumbling Macroeconomic Fundamentals Elicit -7.1% Slump in Demand for Plastic Pipes

The global market for plastics pipes is expected to slump by -7.1% in the year 2020 and thereafter recover to reach US$40.1 billion by the year 2027, trailing a post COVID-19 CAGR of 5.6% over the analysis period 2020 through 2027. Due to the pandemic, production activity has been disrupted in various sectors, while significant disruptions are also witnessed in supply chains due to the lockdown measures and travel restrictions imposed by governments to curb the spread of virus. All of these factors are having significant effect on the demand dynamics of steel pipes market and denting revenue generation of market players. The interruptions to global economic activity are on an unprecedented scale whereby economies are poised for steep contractions during 2020. With the Wuhan virus spreading to countries across geographies, virtually every country's economy is severely disrupted as governments fight to contain the virus. Governments are beefing up emergency budgets for healthcare, sanitation and social security to fight the pandemic. The shutdown has disrupted economic activities in a manner hitherto unimagined and the human cost of the pandemic is continuing to grow and is expected to deal an unprecedented blow to economies worldwide.

During the first half of 2020, with the coronavirus associated lockdowns, civil engineering starts were low as compared to the previous year 2019. While residential starts declined significantly, non-residential work experienced greater impact. The COVID-19 spread and its associated effect on commercial activity and market sentiments is having far-reaching repercussions at multiple levels on the engineering and construction industry across the globe. Global construction output is estimated to decline in 2020 against the backdrop of looming COVID-19 led economic crisis. However, the severity of impact of COVID-19 on the construction sector is expected to vary by country. Nations which have been able to control the spread of the virus are expected to witness a modest impact, while other countries where the virus spread has been less contained are expected to experience a sharper decline in growth. Lockdowns, material supply chain disruption, labor shortages and restrictions enforced by various countries to curb spread of the COVID-19 virus are expected to result in suspension of ongoing projects, thereby impacting the demand for construction supplies such as pipes. In addition, projects in their pre-construction phases are anticipated to be delayed for extended periods due to concerns related to building permits, contracts and tendering. Among the factors impacting the construction spending is the loss in private household investments due to high level of uncertainty around unemployment.

In the US, about 40% of the construction firms reported layoffs in April due to deferred projects and supply chain disruptions. Commercial construction is expected to be impacted by the significant slump in sales and profits experienced by firms. Drop in business/leisure trips, rise in remote working, increase in online spending is expected to affect investments in hotels, offices and retail spaces. Public sector construction spending is likely to suffer due to increasing debt levels and the loss of business tax revenues, due to the Covid-19 crisis. Covid-19 is also disrupting infrastructure projects. Infrastructure development is likely to be delayed as governments are increasingly reallocating resources for essential requirements. Also, project financing, project completion, as well as future projects in pipeline are witnessing uncertainties due to the lockdowns imposed amid covid-19. Engineering, procurement, and construction (EPC) contractors are likely to face issues in regards to liquidity crunch, non-payments, and contract cancellations in case the economic downturn extends further. In the post COVID-19 period, growth will be led by a combination of greater government emphasis on irrigation, strong private sector participation in water supply projects, and improved multi-lateral lending for water-related sectors presents significant potential for growth. Demand is expected to improve for pipe products, which exhibit optimum balance between workability and strength, meet specific requirements for individual applications, and help reduce weight of finished products. The need to redevelop and restore the ageing public sewer system also offers opportunities for the pipe industry. Attributes such as low cost, durability, strength, lightweight, high chemical resistance, flexibility, and easy molding, are expected to make plastic pipes one of the most sought after products in various applications. Growing adoption of pipes in construction, in electric conduit and in the natural gas sector and for crop irrigation, among other applications is expected to fuel demand through the forthcoming years. In the construction end-use area, growing spending and resurging activity in the US market is expected to significantly drive demand for various types of plastic pipes. The trend of substitution of iron, copper, concrete, and steel pipes with plastic pipes in various construction applications is expected to continue to gain momentum, given the advantages of low-cost, superior performance and ease of installation of these pipes.

Select Competitors (Total 365 Featured):
  • Advanced Drainage Systems, Inc.
  • AGRU Kunststofftechnik Gesellschaft M.B.H
  • Aliaxis S.A.
  • Amanco Brasil Ltda.
  • ASTRAL POLYTECHNIK LIMITED
  • Chevron Phillips Chemical Company, LLC
  • China Lesso Group Holdings Ltd.
  • Egeplast A.S.
  • Finolex Industries Ltd.
  • Formosa Plastics Corporation
  • Foshan Rifeng Enterprise Co. Ltd.
  • Future Pipe Industries
  • Geberit AG
  • Georg Fischer Ltd
  • IPEX Inc.
  • JM Eagle Company Inc.
  • Nan Ya Plastics Corporation
  • National Pipe and Plastics Inc.
  • North American Pipe Corporation
  • Pipelife International GmbH
  • Plastika A.S.
  • Polypipe PLC
  • Prince Pipes & Fittings India Private Limited
  • Sekisui Chemical Company Ltd.
  • Shin-Etsu Polymer Co. Ltd.
  • Supreme Industries Ltd
  • Tessenderlo Group
  • Thai Pipe Industry Co. Ltd.
  • Wavin N.V.
  • Wienerberger AG
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Drop in Construction Activity Impacts Demand For Plastic Pipes
  • Exhibit 1: Global Construction Spending (In US$ Trillion) for the Years 2019, 2020, & 2021
  • Exhibit 2: Global Infrastructure Spending in US$ Billion (2014-2022)
  • Exhibit 3: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Amidst the COVID-19 Outbreak, Oil & Gas Sector Confronts Challenging Times
  • Exhibit 4: Average Annual OPEC Crude Oil Prices (in US$ per Barrel) for Years 2010 through 2021
  • Plastic Pipes: A Prelude
  • Market Outlook
  • Emerging Markets Drive Future Growth
  • PVC Pipes Hold Commanding Share
  • Polyethylene (PE) Pipes Witness Strong Growth
  • Market Restraints
  • Competition
  • Exhibit 5: Market Share of Leading Players in Global Plastic Pipes Market: 2019
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Product Innovations and Technology Advancements Drive Market Growth
  • Advancements in Material Grade Benefit Growth
  • Rise in Use of 3D Printing Technology
  • Use of Antimicrobial Additives to Improve Application of Plastic Pipes
  • Water Transmission Projects Dominate Market
  • Exhibit 1: Global Water Demand by End-Use (in Billion m3) for Years 2013 & 2030
  • Demand for Water Access in Developing Countries Drives Growth
  • Plastic Pipes Gain Share in Water and Wastewater Treatment
  • Chlorinated Polyvinyl Chloride (CPVC) Gain Traction
  • PVC Pipes Maintain Stronghold Led by Material Innovations
  • Medium-High Pressure Network Applications to Drive Large Diameter PVC-O Demand
  • Players Improvise on Plastic Pipe Composition for Oil and Gas Sector
  • Global Natural Gas Demand to Witness NoTable Compression Amid COVID-19
  • Exhibit 6: Impact of Lockdown on Natural Gas Consumption by Sector in Belgium, France, Italy, UK, and the US
  • HDPE Pipes Register Strong Gains in Sewer Applications
  • Polypropylene Pipes Gain from New Formulations
  • Thermoplastic and Corrugated Plastic Pipes Gain Increased Acceptance in Storm Sewer Applications
  • Trenchless Technology Augurs Well for Plastic LDPs
  • Structured Wall and Multilayer Pipes Grow in Usage
  • Global Climate Change and Natural Disasters Drive the Demand for Plastic Pipes
  • Replacement Demand from Dilapidated infrastructure and Aging Pipelines Drives Opportunities
  • Rural Electrification in Emerging Countries Lends Traction
  • Telecommunications Industry Drives Application for Cables and Conduits
  • Exhibit 7: Fiber-to-the-Home/Building (FTTH/B) Market in US$ Billion: 2012 -2024
  • Population Growth & Urbanization Drive Demand
  • Exhibit 8: World Population by Geographic Region (2000-2050) (in Millions)
  • Exhibit 9: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1990, 2014 & 2050
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • Construction Sector Trends Impact Demand for Plastic Pipes
  • Exhibit 10: NAHB/Wells Fargo Housing Market Index: July 2019 - July 2020
  • Exhibit 11: Construction Spending Trends : July 2019 - June 2020
  • Exhibit 12: Residential Construction in the US (Jan 2020-June 2020): Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units
  • Exhibit 13: Residential Construction in the US (2008-2019): Number of Housing Starts in Thousand Units by Type for Single-Family Units and Multi-Family Units
  • Spending on Infrastructure to Drive Growth
  • US Grapples with Aging Water Infrastructure
  • Exhibit 14: US Water and Wastewater Pipes Market (2019): Percentage Breakdown of Value Demand by Material
  • Passing of the 2020 Water Bills Critical for Water and Wastewater Systems
  • Oil & Gas Pipeline Infrastructure to Offer Growth
  • Polyethylene: The Preferred Choice in Gas Distribution Pipeline
  • Replacement of Sewer Pipes to Drive Demand
  • Trenchless Technology Drives Gains in Plastic Pipes Market
  • Competitive Scenario
  • Exhibit 15: Market Share of Leading Players in the US Plastic Pipes Market: 2019
  • Exhibit 16: Market Share of Leading Players in the US HDPE Pipes Market: 2019
  • Market Analytics
  • CANADA
  • JAPAN
  • CHINA
  • Market Overview
  • PVC Pipes Sector: A Review
  • Exhibit 17: Production Scenario of Plastic Pipes in China (2008-2018)
  • Competitive Scenario
  • Market Analytics
  • EUROPE
  • Market Overview
  • Major Players
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • Market Overview
  • SPAIN
  • RUSSIA
  • Market Overview
  • New Pipe Grades Attract Demand
  • Competition
  • Exhibit 18: Market Share of Leading Players in the Russian Polyethylene Pipes Market (2019)
  • EXHBIT: Market Share of Leading Players in the Russian Polypropylene Pipes Market (2019)
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • AUSTRALIA
  • INDIA
  • Market Overview
  • Exhibit 19: Urbanization Trends in India: Number of Inhabitants (in Million) for Years 1991, 2001, 2011 & 2021
  • Rural Prosperity: Elixir for Indian Plastic Pipes Market
  • Exhibit 20: Indian PVC Pipes Market (2020): Percentage Breakdown of Consumption by End-Use Sector
  • Competitive Landscape
  • Exhibit 21: Leading Players in India’s Organized Plastic Pipes Market (2019): Percentage Breakdown of Values Sales by Company
  • Market Analytics
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • Market Overview
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Market Overview
  • Water Transport: Major Application Market
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 365
Note: Product cover images may vary from those shown
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