Dublin, Jan. 14, 2021 (GLOBE NEWSWIRE) -- The "Europe & Asia Pacific Polypropylene Pipes Market Size, Share & Trends Analysis Report by Product (PP-R, PPR-RCT), by Application, by Region, and Segment Forecasts, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
Europe And Asia Pacific Polypropylene Pipes Market Growth & Trends
The Europe and Asia Pacific polypropylene pipes market size is expected to reach USD 8.38 billion by 2027 and is anticipated to expand at a CAGR of 3.5% during the forecast period.
Asia Pacific region led the PP pipes market for polypropylene pipes owing to significant demand form a variety of end-use industries such as industrial processing, food processing, and chemicals.
The construction and industrial sector are the major application areas propelling the demand for pipes in the market. Factors such as stable exchange rate, rapid industrialization, infrastructural development, subdued oil prices, and a moderate inflation rate drive the overall economic growth in emerging economies like India and China, thereby driving the demand for polypropylene pipes.
Increasing government spending on infrastructure development in residential and non-residential sectors is projected to play an essential role in ascending the piping system's demand. Moreover, the upcoming industrial hubs in emerging economies such as Vietnam, Taiwan, and India are expected to augment the demand for PP pipes over the forecast period.
Key players in the market are focused on enhancing the product to meet the specific requirements of end-use industries. These players are increasingly focusing on acquisitions, product innovation, and agreements, and on recovering and recycling the plastic to reduce the raw material costs and complete the circular economy in pipe manufacturing.
Europe And Asia Pacific Polypropylene Pipes Market Report Highlights
PP-RCT are expected to witness the fastest growth from 2020 to 2027, growing at a CAGR of 4.4%, on account of its low maintenance, cost-efficiency propelling its use in industrial, residential, and commercial applications.
Water plumbing application dominated the market in 2019 and is expected to reach USD 3.09 billion by 2027, on account of the leak-proof transmission of water, resistance to weather changes, and desired performance such as cost efficiency and low maintenance offered by PP pipes.
The Asia Pacific is estimated to witness the fastest growth of 4.1%, owing to the surge in demand from various end-use industries such as industrial processing, food processing, and chemicals.
China is estimated to have the highest share in the Asia Pacific polypropylene pipes market accounted for over 31.0% in 2019 on account of population expansion and industrial development, the favorable construction industry in the country, favoring the growth of the polypropylene pipes market over the forecast period.
Key players aim to achieve optimum growth and strengthen their market position through various market expansion strategies such as distribution agreements, new product developments, technical collaborations, and capacity expansions.
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.4. Information Procurement
1.5. Information Analysis
1.6. Market Formulation & Data Visualization
1.7. Data Validation & Publishing
Chapter 2. Executive Summary
Chapter 3. Europe & Asia Pacific Polypropylene Pipes Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Pipes Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Europe & Asia Pacific polypropylene pipes market - Value Chain Analysis
3.3.1. Regulatory Landscape
3.4. Europe & Asia Pacific Polypropylene Pipes: Market Dynamics
3.5. Europe & Asia Pacific Polypropylene Pipes Industry Analysis - Porter's
3.6. Europe & Asia Pacific Polypropylene Pipes Industry Analysis - PESTEL
3.7. Major Deals & Strategic Alliances Analysis
3.7.1. Agreement or Partnership
3.7.2. Product Innovation
3.7.3. Geographic Expansion
3.7.4. Acquisition or Divestment
Chapter 4. Europe & Asia Pacific Polypropylene Pipes Market: Product Estimates & Trend Analysis
4.1. Europe & Asia Pacific Polypropylene Pipes: Product Movement Analysis & Market Share, 2019 & 2027
4.2. Market Size & Forecasts and Trend Analysis, 2016 to 2027 for the following:
Chapter 5. Europe & Asia Pacific Polypropylene Pipes Market: Application Estimates & Trend Analysis
5.1. Europe & Asia Pacific Polypropylene Pipes: Application Movement Analysis & Market Share, 2019 & 2027
5.2. Market Size & Forecasts and Trend Analysis, 2016 to 2027 for the following:
5.2.1. Water Plumbing
5.2.2. Food Processing
Chapter 6. Europe & Asia Pacific Polypropylene Pipes Market: Regional Estimates & Trend Analysis
6.1. Europe & Asia Pacific Polypropylene Pipes: Regional Movement Analysis & Market Share, 2019 & 2027
Chapter 7. Competitive Landscape
7.1. Key global players & recent developments & their impact on the industry
7.2. Key Company/Competition Categorization
7.3. Vendor Landscape
7.4. Public Companies
7.4.1. Company Market Positioning Analysis
7.4.2. Competitive Dashboard Analysis
7.4.3. Synergy analysis: Major Deals and Strategy Analysis
7.5. Private Companies
7.5.1. List of private companies
Chapter 8. Competitive Profiles
Kalde Klima Orta Basinc Fittings ve Valf Sanayi A.S.
Pipelife International GmbH
Aquatechnik group S.P.A.
Banninger Kunststoff-Produkte GmbH
Aliaxis Group S.A. /N.V.
Asahi YuKizai Corporation
For more information about this report visit https://www.researchandmarkets.com/r/4qkwm0
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