The global water and wastewater pipe market is projected to reach $151.2 billion by 2027, at a CAGR of 7.1% during 2021-2027. The growth of water and wastewater pipe market is driven by increasing investment in water and wastewater management due to scarcity of water and requirement of proper sanitization in a territory and rise in infrastructure spending.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the water and wastewater pipe market by material (metal pipes, plastic pipes, concrete pipes, and others), application (potable water pipes, wastewater pipes, and irrigation pipes), diameter type (large diameter pipes and small diameter pipes), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the water and wastewater pipe market?
Q.4 What are some changing demands of customers in the water and wastewater pipe market?
Q.5 What are the new developments in the water and wastewater pipe market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this water and wastewater pipe area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this water and wastewater pipe market?
Emerging trends, which have a direct impact on the dynamics of the industry, include usage of anti-microbial plastic pipes to improve hygiene, development of multilayer material in water and wastewater pipes, replacement of traditional material pipes with eco-friendly ABS and PE plastic pipes and FRP pipes, and increasing use of FRP pipes with increasing trenchless technology in the construction industry.
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Market Segmentation:
Based on material, the water and wastewater pipe market is segmented into metal pipes, plastic pipes, concrete pipes, and others. The plastic pipes segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, because it has a long life span and excellent resistance to corrosion, durability, and low maintenance.
Asia Pacific will remain the largest and fastest growing region during the forecast period due to infrastructural development, urbanization, and the subsequent development of residential and industrial construction in the region.
Key Players in the water and wastewater pipe market are Orbia, Sekisui Chemical, China Lesso Group Holdings Limited, Compagnie de Saint-Gobain SA, and Tenaris SA.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Brandon Fitzgerald
Lucintel
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