Water Wastewater Pipe Market To Garner US$ 39,997.2 Mn By 2025

According to Persistence Market Research analysis, the global water and wastewater pipes market is estimated to be valued at US$ 24,381.2 Mn in 2017 and this is anticipated to increase to US$ 39,997.2 Mn by the end of the forecast period in 2025. This reflects a CAGR of 6.4% during the forecast period 2017 to 2025.

An opportunity analysis of the global water and wastewater pipes market reveals several interesting insights. Firstly, increasing infrastructure development in North America has led to potential growth opportunities in the pressure and drainage pipes market owing to aging infrastructure and increasing replacement of existing pipes. Further, rising demand for water management and water withdrawals for surface and ground water may also impact the growth of the pressure and drainage pipes market. Also, laying of new pipelines along the North America border crossing points of electricity and oil and natural gas pipelines will further fuel the growth of the pressure and drainage pipes market in the region. Insights like these along with other useful information on the global water and wastewater pipes market can be found in a newly published report by Persistence Market Research titled "Water and Wastewater Pipes Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)."

While water and wastewater pipes can be manufactured using different types of material such as concrete, steel, ductile iron, and clay, plastic seems to be the most preferred material type widely used by manufacturers in the global water and wastewater pipes market. This probably explains why the Plastic segment is predicted to be the largest and most dominant segment in the global water and wastewater pipes market throughout the forecast period. In terms of both value and volume, plastic pipes are expected to hold a majority share in the global market. The main reason for an increase in market demand for plastic pipes is owing to the fact that plastic pipes are lightweight and are also not subject to corrosion on coming in contact with water.

Global Water and Wastewater Pipes Market: Regional Analysis

Persistence Market Research tracks the performance of the global water and wastewater pipes market across the key regions of North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is the largest regional market for water and wastewater pipes, with a projected market share just under 48% by the end of 2025. North America is the second largest market with an estimated market share of nearly 24% by the end of the forecast period in 2025. Asia Pacific and North America are estimated to grow at higher rates as compared to other regions and the annual growth rates for these two regions are expected to be in the range of 6% - 7%.

Global Water and Wastewater Pipes Market: Vendor Insights

The report profiles some of the key players operating in the global water and wastewater pipes market such as Aliaxis Group S.A., JM Eagle, Inc., Tenaris S.A., Vallourec S.A., Welspun Group, Georg Fischer Ltd., GERDAU S.A., ThyssenKrupp AG, Atkore International Group Inc., ISCO Industries, Advanced Drainage System, ArcelorMittal S.A., Tata Steel Limited, Nippon Steel & Sumitomo Metal Corporation, Can Clay Corporation, Mexichem SAB de CV, Sekisui Chemical Co., Ltd., Nan Ya Plastics Corp., Formosa Plastics Corporation, China Lesso Group Holdings Ltd., Wienerberger AG.

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