According to a new market report published by Lucintel, the future of the concrete pipe market looks good with opportunities in the sewage, drainage, potable water, and irrigation sectors. The global concrete pipe market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $24.7 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025 . The major growth drivers for this market are residential and non-residential construction activities and the replacement of aging pipelines.
Browse 107 market data tables and 155 figures spread through 223 pages and in-depth TOC on “Concrete Pipe Market”
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In this market, reinforced, pre-stressed reinforced, pre-stressed concrete cylinder, and bar-wrapped steel concrete pipes are used in various end use applications. On the basis of comprehensive research, Lucintel forecasts that reinforced concrete pipe is expected to remain the largest segment and also witness the highest growth over the forecast period due to its high strength, low cost, and durability.
Within the concrete pipe market, sewage will remain the largest application and witness the highest growth during the forecast period due to continued infrastructural spending across the globe.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period supported by increasing infrastructure development and construction activities.
Emerging trends, which have a direct impact on the dynamics of the market, include increased usage of vibration casting technology in concrete pipes. CEMEX, Forterra, Old Castle Precast, NOV, Amiantit, Indian Hume Pipe, and Con-Cast Pipe are among the major suppliers of the concrete pipe market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the concrete pipe market by product, application, diameter, pressure rating and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Concrete Pipe Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the concrete pipe market by product, application, diameter, pressure rating, and region as follows:
By Application [Value ($ Million) and Volume (Kilotons) from 2014 to 2025]:
By Product [Value ($ Million) and Volume (Kilotons) from 2014 to 2025]:
Pre-Stressed Concrete Cylinder PipesPre-Stressed Reinforced Concrete PipesReinforced Concrete PipesBar-Wrapped Steel Cylinder PipesOthers
By Diameter [Value ($ Million) and Volume (Kilotons) from 2014 to 2025]:
Small Diameter PipesMedium Diameter PipesLarge Diameter Pipes
By Pressure Rating [Value ($ Million) from 2014 to 2025]:
Low Pressure PipesMedium Pressure PipesHigh Pressure Pipes
By Region [Value ($ Million) and Volume (Kilotons) from 2014 to 2025]:
North AmericaUSCanadaMexicoEuropeGermanyItalyUKAPACChinaIndiaJapanROWBrazilUAESouth Africa
This 223-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/concrete-pipe-market.aspx or email@example.com.
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.