GURUGRAM, India, October 31, 2018
GURUGRAM, India, October 31, 2018 /PRNewswire/ --
Canadian plastic pipes industry has a compelling future outlook with anticipated growth in PE pipes segment. The PE Pipes industry will grow at the fastest pace among all the types of plastic pipes, due to increase in usage of these types of pipes. The use of PVC pipes is expected to reduce due to substitution by other types of plastic pipes in the market. Canada has initiated a lot of environmental safety programs which promotes the best use of plastics and also focus on their recyclability. The market share of organized sector manufacturers is expected to increase by 2022 owing to further consolidation in the market through mergers and acquisitions by major players in the market for increase their market penetration. The domestic manufacturing is expected to increase as many manufacturers are expected to increase their capacity utilization as the demand for plastic pipes are expected to increase in the near future. Demand for plastic pipes used in industries such as oil and gas, chemical and mining along with irrigation is expected to increase at fastest pace among other end user applications. Industrial growth, commercial growth, public sector spending, private investments and increase in number of households are few trends that are expected to drive the market in the future.
Analysts at Ken Research in their latest publication "Canada Plastic Pipes and Fitting Market Outlook to 2022 - By PVC, UPVC, CPVC, PE (HDPE, MDPE, LDPE, PEX), PP, ABS, PVDF, PB Pipes, By Application (Water Supply and Sewage, Plumbing, Chemical and Oil & Gas and Irrigation)" believe that reduction of wastage and spillage while manufacturing and keeping up with advanced technology, tracking upcoming government and private construction projects, research and development centre for plastic resins, increase awareness about new types of plastic pipes and strategic investment decisions in the form of merger and acquisitions will help in maximizing the delivered value from manufacturers to the end users.
Canada plastic pipe and fittings market is expected to register positive CAGR of close to 4% during the period 2017-2022 with organised players expected to gain further share in the market. The plastic pipe manufacturers are anticipated to start manufacturing allied products which will enable them to provide complete piping solutions to the end user. Apart from allied products, capabilities in maintenance and service engineering are also expected to improve in order to serve big clients.
For more information on the research report, refer to below link:
Key Segments Covered
By End User Application:
By Type of Pipes:
By Type of Market Structure
Key Target Audience
Time Period Captured in the Report:
2012-2017 - Review Period
2017-2022 - Future Forecast
Major Companies Covered:
Key Topics Covered in the Report
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Ankur Gupta, Head Marketing