The global water pipes market is expected to witness a growth in near future due to high durability of water pipes against dynamic pressure and climatic conditions and growing demand for large diameter pipes in civic infrastructure and construction project activities across the globe. However, the high price of water pipes and burst or crack due to pressure generated because of material flowing through them are the factors hampering the market growth.This growth is primarily driven by High Durability of Water Pipes against Dynamic Pressure and Climatic Conditions and Growing Demand for Large Diameter Pipes in Civic Infrastructure and Construction Project Activities.
Globally, a noticeable market trend is evident Rising Demand for Steel Pipes from Oil & Gas Industry for Exploration, Drilling, and Transportation Applications. Major Manufacturers, such as Advanced Drainage Systems Incorporated (United States), Aliaxis SA (Belgium), American Cast Iron Pipe (United States), Arkema SA (France), Axiall Corporation (United States), Cemex Sab De CV (Mexico), Chevron Phillips Chemical Company Llc (United States), China Liansu Group Holdings Limited (China), Finolex Industries Limited (India) and Georg Fischer AG (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On March 26, 2019 - CEMEX Ventures, CEMEX's Corporate Venture Capital Unit, announced that it signed a collaboration agreement with TEKFEN Ventures, the investment fund of TEKFEN, a Turkish industrial conglomerate working in the construction, agriculture, manufacturing, and real estate sectors.
- High Durability of Water Pipes against Dynamic Pressure and Climatic Conditions
- Growing Demand for Large Diameter Pipes in Civic Infrastructure and Construction Project Activities
- Rising Demand for Steel Pipes from Oil & Gas Industry for Exploration, Drilling, and Transportation Applications
- High Price of Water Pipes
Increasing Demand from Emerging Economies
Burst or Crack Due To Pressure Generated Because of Material Flowing Through Them
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