Plastic Pipes And Shapes Market Definition
The plastic pipes and shapes market consists of sales of plastic pipes and pipe fittings, and plastics profile shapes such as rods, tubes and non-rigid plastic sausage casings by entities (organizations, sole traders and partnerships) that manufacture plastic pipes and pipe fittings, and plastics profile shapes such as rods, tubes and non-rigid plastic sausage casings. Businesses in the plastic pipes and shapes industry use polymers and resins as raw materials which are primarily sourced from polymer suppliers.
A plastic pipe is a tubular section, or hollow cylinder, made of plastic. It is usually of a circular cross-section, used mainly to convey substances which can flow i.e. liquids and gases (fluids), slurries, powders and masses of small solids. Plastic pipes are normally used for local movement of liquids and gases. Raw materials such as Polyvinyl chloride (PVC), Polypropylene (PP) and Polyethylene (PE) are used in manufacturing plastic pipes and shapes.
Plastic Pipes And Shapes Market Size
The global plastic pipes and shapes market reached a value of nearly $106.5 billion in 2018, having grown at a compound annual growth rate (CAGR) of 5.3% since 2014, and is expected to grow at a CAGR of 6.5% to nearly $137.1 billion by 2022.
Growth in the historic period resulted from the rise in demand from the irrigation industries, sanitation programs in underdeveloped and developing companies, government investments for infrastructural development, economic growth in emerging countries, and low oil prices. Factors that negatively affected growth in the historic period were labor safety concerns, health concerns related to PVC pipes for the supply of drinking water, and government regulations on stabilizers used in plastic pipes manufacturing.
Going forward, global economic growth, increasing awareness of the benefits of plastic pipes, growth in the construction industry, and increasing maintenance and replacement of aged pipeline infrastructure will drive growth. Factors that could hinder the growth of the plastic pipes and shapes market in the future include reductions in free trade and growing environmental concerns regarding the use of plastics.
Plastic Pipes And Shapes Market Drivers
The key drivers of the plastic pipes and shapes market include:
Increasing Awareness About Benefits Of Plastic Pipes
The plastic pipes and shapes market is expected to benefit from the rising awareness of advantages of plastic pipes and fittings over their substitutes. Plastic pipes and fittings are lighter in weight and cheaper than traditionally used metal pipes, and they do not rust or corrode. Plastic pipes also have insulative properties, which prevent the forming of condensation on pipes carrying cold water and decrease the heat loss in pipes carrying hot water. Other benefits of plastic pipes include quick installation times and long service life. According to a report by the European Plastic Pipes and Fittings Association (TEPPFA), the installation time for a PVC pipe was around 30% faster than a concrete pipe of the same size. These factors are likely to boost the demand for plastic pipes and shapes and drive the market going forward.
Plastic Pipes And Shapes Market Restraints
The key restraints of the plastic pipes and shapes market include:
Environmental Concerns Over Plastics
Rising environmental concerns about polyvinyl chloride (PVC) pipes are expected to restrain the growth of the market. The manufacture and disposal of plastic pipes such as polyvinyl chloride pipes create hazardous environmental toxins. PVC is a human carcinogen. PVC pipes often contain phthalates. Animal studies indicate that continuous exposure to phthalates is toxic, even at low doses. Plastic pipes and shapes manufacturing companies are increasingly taking steps to reduce the environmental and health hazards while still manufacturing high quality plastics that increase the production costs, indirectly restraining the growth of the market.
Plastic Pipes And Shapes Market Trends
Major trends influencing the plastic pipes and shapes market include:
3D Printing Technology
3D printing technology is increasingly being used in plastics manufacturing, including pipes and shapes, for high designing flexibility, reduced production time and cost. 3D technology (also known as additive manufacturing) allows manufacturers to create a complete self-supporting object, usually by laying down many thin layers of a material in succession. This technology enables manufacturers to produce complex objects that are light and reliable. Greater flexibility in terms of product designing and customization are some of the other major advantages of 3D printing technology. Major companies manufacturing plastic components using 3D printing technology include Stratasys, Chemson and Westfall.
Antimicrobial Additives For Plastic Pipes
Construction companies are increasingly using antimicrobial additives for plastic pipes to improve hygiene. There are rising concerns about the consumption of drinking water distributed through PVC and PEX pipes used in residential and commercial buildings. The concerns are mainly about the leaching of chemicals that can give water a plastic taste and the leaching of bacteria that can inhibit the growth of waterborne diseases . Antimicrobial additives prevent leakage of chemicals into the drinking water supply and inhibit the growth of major sources of waterborne diseases such as harmful bacteria, fungi, mold and algae. Major companies manufacturing antimicrobial additives for plastic products include Polypipe, Parx Plastics N.V. and Polyone.
Opportunities And Recommendations In The Plastic Pipes And Shapes Market
Opportunities – The top opportunities in the global plastic pipes and shapes market will arise in the plastic pipes and pipe fittings segment which will gain $21.49 billion of global annual sales by 2022. The plastic pipes and shapes market size will gain the most in China at $10.71 billion. Market-trend-based strategies for the plastic pipes and shapes market include adoption of 3D technologies, investments in the development of antimicrobial additives, and development of multilayer plastic pipes. Player-adopted strategies in the plastic pipes and shapes industry include reinforcing M&A strategies, developing innovative products through collaborations, and enhancing operations through sustainable investments.
Recommendations – To take advantage of these opportunities, The Business Research Company recommends the plastic pipes and shapes companies to consider focusing on offering multilayer plastic pipes, using latest technological advances to reduce production costs, expanding in emerging markets to cater to the growing demand, and attracting millennials into workspace.
Plastic Pipes And Shapes Market Segmentation
The plastic pipes and shapes market is segmented by type of product, by end-user and by geography.
By Type Of Product-
The plastic pipes and shapes market can be segmented by type of product
- a) Plastic Pipes and Pipe Fittings
- b) Unlaminated Plastic Profile Shapes
The plastic pipes and pipe fittings market was the largest segment of the plastic pipes and shapes market in 2018 at 72.6%. The unlaminated plastic profile shapes market is expected to be the fastest-growing segment going forward at a CAGR of 7.0%.
By End-User -
The plastic pipes and shapes market can be segmented by end-user
- a) Oil and Gas
- b) Sewage/Drainage
- c) Irrigation and Water Use
- d) Industrial Use
- e) Others
The sewage/drainage market was the largest segment of the plastic pipes and shapes market by end use in 2018 at 35.0%.
By Geography -
The plastic pipes and shapes market is segmented into
- o North America
- o Western Europe
- UK
- Germany
- France
- Spain
- Italy
- o Asia Pacific
- China
- Japan
- India
- Australia
- o Eastern Europe
- o South America
- o Middle East
- o Africa
Asia-Pacific was the largest region in the plastic pipes and shapes market, accounting for 45.6% of the global market in 2018. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest growing regions in the plastic pipes and shapes market will be Asia-Pacific and the Middle East.
Plastic Pipes And Shapes Competitive Landscape
Major Competitors are:
- • Mexichem, S.A.B. de C.V.
- • Aliaxis Group S.A. / N.V.
- • China Lesso Group Holdings Limited
- • Chevron Phillips Chemical Company LLC
- • Sekisui Chemical Co., Ltd.
Other Competitors Include:
- • Wienerberger AG
- • Geberit AG
- • Georg Fischer Ltd.
- • Finolex Industries Ltd.
- • Advanced Drainage Systems
- • JM Eagle
- • Textron
- • IPEX, Inc
- • National Pipe and Plastics, Inc
- • North American Pipe Corporation
- • Royal Building Products
- • Mexichem
- • Wavin NV (The Netherlands)
- • Aliaxis SA (Belgium)
- • Euro pipe GmbH (Germany)
- • Tessenderlo Group (Belgium)
- • Vacuflex Advanced Hoses GmbH (Germany)
- • ME-TECHNIK GmbH (Germany)
- • Dixon Group Europe Ltd (United Kingdom)
- • Radius Systems Ltd (United Kingdom)
- • Dixon Group Europe Ltd
- • Radius Systems Ltd
- • Lyondell Basell
- • China Lesso Group Holdings Ltd
- • Yonggao Co Ltd
- • Zhejiang Weixing New Building Materials Co Ltd
- • Cangzhou Mingzhu Plastic Co Ltd
- • Tianyan Holding Co Ltd
- • Shandong Huaxin Plastic Pipe
- • Newchoice Pipe Technology Co Ltd
- • Astral Poly Technik Ltd
- • Finolex Industries
- • Kubota Chemix
- • MESCO
- • AVK Australia
- • Vinidex
- • Finolex Industries Ltd
- • Jain Irrigation Systems Ltd
- • Responsive Industries Ltd
- • Prince Piping Systems
- • Onda Manufacturing
- • ASPERBRAS
- • Krona
- • Agru America, Inc
- • RusVinyl
- • InstalPlast Lask
- • Polyplastic Group
- • Rosturplast
- • Adelant-Group
- • Bohamet
- • SABIC
- • Olayan Group
- • TCI Sanmar Chemicals SAE
- • Egyptian Petrochemical Co
- • Sasol