A key factor driving the growth of the market is the rapidly growing construction industry. The growth of the global construction market is being driven by developed economies that are focused on improving their existing infrastructure. The overall development of the world economy is supporting the growth of the global construction market, which includes residential, commercial and industrial segments. Factors such as low-interest rates, changes in the global economic environment, along with the increased direct real estate investment from institutional investors are expected to drive the global construction market in the future.
This market research report on the global polymer pipes market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the acceptance of engineering-grade flexible materials as one of the key emerging trends in the global polymer pipes market:
Global polymer pipes market: Acceptance of engineering-grade flexible materials
Engineering-grade flexible materials are increasingly gaining acceptance in oil and gas applications. These materials possess high chemical, corrosion, and wear-resistance, low weight, and mechanical properties such as high tensile and yield strength compared with metals and are cost-effective, which have made these a viable option for various applications in the oil and gas industry.
“Products such as coiled and umbilical tubing and risers, which were predominantly manufactured using only steel, are currently being fabricated using flexible composites. This increases in acceptance of engineering-grade flexible materials will help in establishing the market for high-performance flexible pipes once they become cost-effective, when compared to steel,” says a senior analyst at Technavio for research on plastics, polymers, and elastomers.
Global polymer pipes market: Segmentation analysis
This market research report segments the global polymer pipes market by application (construction, oil and gas, and agriculture) and geographical regions (APAC, EMEA, and the Americas).
The construction segment held the largest market share in 2017, accounting for nearly 53% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 45% of the market share. The market share occupied by this region is anticipated to increase during 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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