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).”
Global Water and Wastewater Pipes Market: Forecast
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.
Global Water and Wastewater Pipes Market: Forecast by Pipe Size
The global water and wastewater pipes market is segmented on the basis of pipe size into Below 12 inch, 12-24 inch, 24-48 inch, and Above 48 inch. The 12-24 inch segment is the largest segment with a market share of more than 30% throughout the forecast period. This segment will grow at a robust rate over the assessment period with an estimated CAGR of 6.4% in terms of value. The 12-24 inch segment is projected to create incremental opportunity worth US$ 4,692.8 Mn between 2017 and 2025.
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.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/3542