USD 31.5 billion
Report ID:
SQMIG20B2063 |
Region:
Global |
Published Date: March, 2024
Pages:
157
|Tables:
65
|Figures:
71
Global water and wastewater pipe market size was valued at USD 31.5 billion in 2022 and is poised to grow from USD 33.55 billion in 2023 to USD 55.52 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).
Water and wastewater pipes play a crucial role in the transportation of clean as well as wastewater from one place to another as they are the basic components of any kind of water system. Increasing focus on water management to supply clean potable water for the rapidly expanding global population is slated to bolster demand for water and wastewater pipes over the coming years. A high focus on sustainability has led to the establishment of several new wastewater treatment plants around the world and this is also estimated to uplift the sales of water and wastewater pipes in the future. Rapidly expanding construction activity and growing investments in infrastructure development around the world are also estimated to augment the demand for water and wastewater pipes going forward.
Rapidly increasing urbanization around the world and the need for effective water management are also estimated to bolster the sales of water and wastewater pipes across the forecast period and beyond. Companies can focus on experimenting manufacturing with different raw materials to overcome the issue of volatile raw material pricing and experience the full growth scope of the marketplace.
Global Market Size
USD 31.5 billion
Largest Segment
Municipal
Fastest Growth
Industrial
Growth Rate
6.5% CAGR
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The global water and wastewater pipe market is segmented based on material, application, and region. Based on material, the market is bifurcated into plastic, metal, concrete, clay, and others. In terms of application, the market is segmented into agricultural, industrial, and municipal. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Material
Plastic accounts for a dominant share of the global water and wastewater pipe market due to its extensive use in drainage and water supply systems. The high durability, corrosion resistance, and flexibility of plastic pipes make them a favorite choice for multiple applications. The ability of plastic water and wastewater pipes to withstand extreme conditions is also a factor that is estimated to bolster growth in this segment going forward. The lightweight and affordable nature of plastic water and wastewater pipes is also a key factor driving their demand on a global level.
Meanwhile, demand for concrete and clay water pipes is also estimated to soar high across the forecast period. The increasing use of water and wastewater pipes made from concrete in sewage systems, storm sewers, and treatment plant channeling is contributing to the notable pace of this segment in the global water and wastewater pipe marketplace.
Analysis by Application
The municipal application segment accounts for a dominant share of the global water and wastewater pipe demand outlook. The expanding urban population around the world is necessitating the expansion of water and wastewater management networks in cities, which in turn is slated to bolster the demand for water and wastewater pipes in municipal applications over the coming years. Deterioration of old water management and supply networks in cities has led to the implementation of new renovation initiatives by municipalities thereby favoring water and wastewater pipe sales.
Rapidly increasing industrialization around the world to accommodate the growing needs of an expanding population is slated to bolster the demand for water and wastewater pipes in industrial applications across the forecast period. Emerging economies such as China, India, and Indonesia are projected to key countries where demand for water and wastewater pipes for industrial applications is slated to soar high in the long run.
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North America accounts for a sizeable share of the global water and wastewater pipe market. High awareness regarding water quality and the presence of a robust water supply and management network in North American countries allow this region to account for a dominant market share. The United States and Canada are slated to lead the demand for water and wastewater pipes in this region over the coming years. The presence of established water and wastewater pipe manufacturers and suppliers in this region also contributes to its high market share. High focus on treating wastewater in this region will create lucrative opportunities for water and wastewater pipe suppliers going forward.
High investments in infrastructure development and a rapidly expanding population base are key factors that allow the Asia Pacific region to emerge as the fastest-growing regional market in the world. Rapid urbanization and industrialization are also estimated to influence the sales of water and wastewater pipes in this region. China and India are forecasted to be the key markets for water and wastewater pipe suppliers in this region going forward. Availability of cheap labor and raw materials in the Asia Pacific region will make it a haven for water and wastewater pipe manufacturers looking to get the best return on their investments in the future.
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Drivers
Expanding World Population
High Investments in Infrastructure Development
Restraints
Fluctuating Raw Material Costs
Regulatory Hurdles
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Water and wastewater pipe producers should focus on collaborating with municipal organizations to expand their business scope and boost revenue generation potential in the long run. Companies could also opt for mergers and acquisitions to enhance their market share in the global landscape going forward. Market players can also take advantage of growing awareness regarding the importance of clean water and boost their product sales in water treatment plants. Companies should also focus on acquiring government contracts to bolster their market presence. Product innovation and expansion of product portfolio are also slated to key areas of focus for established as well as incoming water and wastewater pipe vendors in the future.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, surging demand for better water management systems around the world is slated to primarily augment the sales of water and wastewater pipes in the future. Growing world population, rapid urbanization, increasing industrialization, and high investments in infrastructure development are other factors that are estimated to bolster demand for water and wastewater pipes across the forecast period. On the contrary, fluctuating raw material prices are predicted to limit the water and wastewater pipe market growth potential in the long run. North American regional market for water and wastewater pipe accounts for a dominant share of the global market owing to the presence of advanced water management systems. Water and wastewater pipe market players can boost their business scope by acquiring government contracts for water supply and management system renovation projects around the world.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 31.5 billion |
Market size value in 2031 | USD 55.52 billion |
Growth Rate | 6.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Water and Wastewater Pipe Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Water and Wastewater Pipe Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Water and Wastewater Pipe Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Water and Wastewater Pipe Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20B2063
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