Lucintel’s latest market report analyzed that plastic pipe provides attractive opportunities in water & wastewater, agriculture, chemical, and electrical & telecommunication cable protection industries. The plastic pipe market is expected to reach $94.5 billion by 2025 with a CAGR of 5.6%. In this market, PE (Poly Ethylene) pipe is the largest segment by material type, whereas wastewater is largest by application. The usage of anti-microbial plastic pipes to improve hygiene, replacement of traditional material pipes with eco-friendly ABS (Acrylonitrile Butadiene Styrene) and PE plastic pipes, and increasing consumption of multilayer plastic pipes in gas distribution provides strategic growth path in this market.
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Based on material type, the plastic pipemarket is segmented into PVC (Poly Vinyl Chloride) pipes, PE (Poly Ethylene) pipes, PP (Poly Propylene) pipes, and others. The PE (Poly Ethylene) pipes segment the highest growth over the forecast period, because of their heat resistance, low cost, durability, minimal maintenance requirements, and superior energy efficiency.
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The plastic pipe market is marked by the presence of several big and small players. Some of the prominent players offering plastic pipe include Orbia, China Lesso Group, Sekisui Chemical, Formosa Plastics Group, and Advanced Drainage Systems.
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