The report of global water and wastewater pipe market by Material Type (Plastic Pipe, Metal Pipe, Concrete Pipe, Clay Pipe), Application (Municipal, Industrial, Agriculture), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of 7% during a forecast period.
Water and wastewater pipes play an important role in effective drainage or sewage system and water distribution. Growing demand for water management, and surface and groundwater withdrawals may positively impact the global market for water and wastewater pipes. The global water and wastewater pipe market is driven by the growing per capita consumption of water, increasing population, and industrialization has created a huge demand for water supply. However, the fluctuation in the cost of raw material is restraining the market growth at the global level. Rapid infrastructural development is expected to create beneficial opportunities for the key player in the market during the forecast period.
The Municipal segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the municipal segment has dominated the Water and Wastewater Pipe market and is estimated to grow at a CAGR of XX% during the forecast period. The demand for water and wastewater pipes is anticipated to rise significantly due to an increase in public water and sewer infrastructure spending. Globally, the state and municipal governments are focused on increasing their investments to improve and present pipelines that are in the state of deterioration.
North America dominated the Water and Wastewater Pipe market in 2019
In 2019, North America held the XX% share of the water and wastewater pipe market and is expected to maintain its dominance during the forecast period owing to the significant growth in the construction industry and the increase in real estate investments. In terms of both value and volume, the Asia Pacific region will record a significant CAGR of XX% during the forecasted period. The development of the infrastructure and construction industries and the improvement in the financial conditions in Asia-Pacific have encouraged the growth of the construction industry and, thusly, the water and wastewater metal pipe market. Besides, the rapid urbanization and industrialization in developing countries like China, India, and Japan are also boosting the regional market growth.
Key players operating the global Water and Wastewater Pipe market are Aliaxis Group SA/NV, Saint-Gobain Group, Mexichem S.A.B. de C.V., Tenaris S.A, Tyman plc, CEMEX S.A.B. de C.V, JM EAGLE, INC., Future Pipe Industries, CHINA LESSO, National Pipe & Plastics, Atkore International Group Inc., GF Piping Systems, and ThyssenKrupp AG.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Water and Wastewater Pipe Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Water and Wastewater Pipe Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Water and Wastewater Pipe Market positioning of competitors.
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