Exploring the Growth Trajectory of the Global Plastic Pipes Market: Will it Surpass $1 Tn by 2027? : Ken Research

Global Plastic Pipes Market is at growing stage and has fragmented market. There are more organized players as compared to unorganized players in market. Top players such as JM Eagle, NAPCO, Finolex Industries Ltd., Diamond Plastics Corporation, National Pipe and Plastics, Inc in Global Plastic Pipes Market hold major market share.

Global Plastic Tubes Distributor Network

1. Plastic pipe sales are increasing worldwide due to increased awareness of the product.

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The plastic pipes market is expected to benefit from the rising awareness of advantages of plastic pipes over their substitutes. Plastic pipes are lighter in weight and cheaper than traditionally used metal pipes, and they do not rust or corrode. 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. To understand the rising awareness of plastic pipes here is comparison with metallic pipes.

2. 3D Printing Technology trend supporting the production of Plastic Pipes.

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3D printing technology is increasingly being used in plastics manufacturing, including pipes and shapes, for high designing flexibility, reduced production time and cost. This technology enables manufacturers to produce complex objects that are light and reliable. Major plastic pipe companies which started using 3D printing – Krah Pipes in early 2000s, PVC 3D in 2016, Duraflow LLC in 2018, Georg Fischer in 2018 and Pipetech in 2019.

3. North America holds the largest market share in Global Plastic Pipes Market

North America’s main market for plastic pipes is the United States. Demand for plastic pipes in the nation is anticipated to be driven by newly discovered shale resources and government plans that seek to make the nation the top oil and gas producer in the coming years. Over the projected period in North America, the market for plastic pipe will experience growth as a result of the rise in oil and gas demand.

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Global Plastic Pipes Market Outlook to 2027

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