The overall market for water and wastewater pipes is projected for value shares of nearly US$ 24381.2 million in the year 2017 and is predicted to grow at approximately US$ 39997.2 million by 2025 end. The market will be witnessing a growth of 6.4% CAGR throughout the forecasted period 2017-2025.
The worldwide market is categorized based on material type, end use, application, pipe size and by region.
Plastic segment will lead the overall market, exhibiting a 5.9% CAGR over the calculated period 2017-2025.
The municipal segment will lead the worldwide market with over 40% of value share through the assessment period.
Based on application, the overall market is sub-segmented into wastewater management and water supply & distribution. The Wastewater Management sector will be exhibiting a 6.7% of CAGR based on market valuation and will continue to remain high during 2017-2025. On the other hand, the water supply & distribution sector will be creating an overall incremental opportunity of US$ 7112.2 million throughout the estimated period.
The 12-24 inch sector will be projected as the biggest division capturing 30% of market share over the anticipated period, exhibiting a robust growth of 6.4% CAGR based on valuation.
The APAC region is projected as the biggest market with nearly 48% of market share in the coming years, followed by North America. North America will account for more than 24% of market share by 2025. Both APAC and North America collectively are projected to rise at higher rates in comparison with other regions.
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