Global Water and Wastewater Pipe Market Subjected to Expand to Showcase Rampant Growth by 2024
Industry
Insight
The Global Water and Wastewater Pipe Market 2020 is prompted to record 6.53% CAGR during
the forecast period, 2013-2024. The progress in the market can be observed with
the rising factors from all corners of the globe. Market Research Future
estimates the figures and reveals that the market will witness high growth
prospects in the coming years.
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Top
Impacting Factors
The wide-reaching market for water and wastewater pipes is progressively
turning into a lucrative stream of investment for some years. The growth of the
market since then is attributed to the stimulus of development across municipal
bodies and corporations. The requisite use of water and wastewater pipes across
the cities and urban centers has given a considerable thrust to market growth.
The factor of proper planning and management of infrastructure across
villages has also emerged as a pivotal trend across several regional spots. By
this, the global water and wastewater pipes market is attracting high revenues
from multiple avenues and creating opportunities to spur in the market. Fundings
in the water and wastewater pipes market are proposed to obtain favorable
returns in the coming years. All these factors have necessarily initiated high
growth prospects in the forecast period, estimates MRFR in its study.
Moving ahead, the need for improved sanitation, drainage, and supply
systems has also led to some essential developments within the global water and
wastewater pipes market. In the case of point, The New Plymouth Wastewater
Treatment Plant, built in the year 1984, opened doors to visitors in November
2019. The wastewater treatment plant is amongst an essential component of the
drainage and sanitation system. It treated millions of cubic meters of sewage
water and had a dense network of pipes. Therefore, the developments across this
plant have been a critical motivator initiating demand within the global water
and wastewater pipes market.
Furthermore, the growth of the global water and wastewater pipes market
is also allied to the surged sale of pressure measurement meters and pumps. The
achievement of administrative authorities and governments is chiefly defined by
abilities to ensure a regular supply of potable water to households and
commercial units. Besides, water consumption across the industrial sector also
necessitates the development of proper water and wastewater pipelines.
Henceforth, the prime requirements of all the key sectors are indicative of the
need for improved water and wastewater pipes. Also, the availability of
improved materials for manufacturing pipes has aided the growth of the global
market and will continue with it throughout the forecast period.
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Segmentation
of Market: Water and Waste Water Pipelines
The global water and wastewater pipe market, as per segmental analysis,
has included segments of material type and application.
Depending on material type, the global water, and wastewater pipes
market has included metal pipe, concrete pipe, plastic pipe, and clay pipe. Among
these, the plastic pipe segment can lead the global market, owing to its
flexibility, lightweight, durability, and versatility.
Depending on the application segment, the global water and wastewater
pipes market has included industrial, municipal, and agricultural. Among these,
the municipal segment owns maximum market share in support of a substantial increase
in public water and sewer infrastructure expenditure. In fact, the demand for
water and wastewater pipes is also likely to rise significantly. State and municipal
governments, across main regions, are focused on escalating investments to advance
existing pipelines.
Regional
Aspect
Europe, North America, South America, Asia-Pacific (APAC), and the
Middle East & Africa are the regions where the study of the global water
and wastewater pipe market has been conducted to understand the market dynamics.
Among these, the Asia-Pacific region seems to lead the water and
wastewater pipe market in the foretell period. The expansion of the
infrastructure and construction industries and the improvement in the financial
conditions in this region has led to the growth of the construction industry
and, consequently, the water and wastewater metal pipe market. Fast industrialization
and urbanization in emerging countries such as China, India, and Japan have
also boosted the escalation of the water and wastewater pipes market. The study
also finds that activities such as refurbishing and renovation of old buildings
have raised the investments in the infrastructure and construction industries, thus
fuelling the water and wastewater pipe industries in Asia-Pacific. As claimed
by the National Bureau of Statistics of China, back in 2017, the value-added
output of the construction industry achieved USD 816.6 billion, as compared to
the USD 2.1 billion valuations gained in 1978, at an average annual growth rate
of 16.6%. The APAC region has experienced rapid growth in industrialization and
growing population levels that have outpour the demand for reasonable housing.
The remarkable growth of the construction industry is estimated to give a
thrust to the water and wastewater pipe market during the foretell period.
Top Market
Players
The top players actively investing in the global water and wastewater
pipe industry are listed as Saint-Gobain Group (Germany), Aliaxis Group SA/NV
(Belgium), Tenaris (US), Mexichem S.A.B. de C.V. (Mexico), CEMEX S.A.B. de C.V.
(Mexico), Tyman plc. (US), Future Pipe Industries (UAE), JM EAGLE, INC. (US), National
Pipe & Plastics (US), CHINA LESSO (China), and AMERICAN (US).
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