The Europe pipe market can touch the valuation of USD 73,824.8 million by 2023, ventures Market Research Future (MRFR). It is expected to attain a healthy CAGR of 5.18% during the forecast period (2017-2023), adds MRFR.
Market Drivers and Key Barriers
In Europe, sewage systems have been around for close to 5000 years. However, in France, about 5 million households are still not connected to the public sewage network. Also, in rural areas, the sewage infrastructure still needs to be developed. In cities, instead of new construction, the main focus is on replacement of old piping systems. In the sewage network, for cable protection, potable water, gas piping, and various other applications, plastic pipes are becoming extremely popular, since they are robust, handy and light-weight. They are finding more buyers compared to concrete cast iron, aluminum, steel or copper.
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Demand for high-quality pipes that are made of polyethylene and polypropylene is on the rise in the relatively saturated markets in Western Europe. On the other hand, demand for PVC pipes is not much in the region. For instance, in Germany, Switzerland, and Denmark, there is strong demand for plastic pipes. Few southern countries in Europe like Spain will note any significant recovery during the short term.
In Eastern Europe, PVC pipes are rising in popularity, especially compared to Western Europe. Analysts at MRFR expect robust growth rate for plastic pipe consumption in Eastern Europe during the review period, given the high backlog demand for water supply and sewage networks.
The Europe pipe market has been reviewed with respect to segments like material and end-user.
In terms of material, the Europe pipe market can be considered for concrete, copper, plastic, aluminum, steel, and others. In 2016, the steel segment noted maximum growth in the market and can retain its position during the forecast period. Steel enjoys high demand due to its features such as durability and reliability.
The end-users enlisted in the MRFR report are automotive, chemicals, food processing, pharmaceuticals, water & wastewater, oil & gas, and others. Between these, the waste & wastewater segment possesses the highest growth potential, accounting for 37.96% of the total market share in 2017. The segment was valued at USD 21,083.2 million the same year and is expected to register a CAGR of 4.80% during the forecast period. Soaring demand for water management, as well as water withdrawals for ground water along with rising number of water and wastewater pipe companies, raises the demand for the segment in the market.
Italy, Portugal, the United Kingdom (U.K), Germany, France, Spain are the specific countries in which the concentration of the Europe pipe market is the highest, according to MRFR analysis.
Germany is observing slow development of domestic oil and natural gas industry, due to which it relies mostly on imports. Having said that, surge in government initiatives, policies, and funding combined with intense efforts on the part of oil and gas manufacturers is working in favor of the market in the country. Germany also has strong international relations with other countries with regard to domestic oil and natural gas supply, which maintains the momentum of the industry. This favorable industry growth could induce market growth in Germany in the years ahead.
In France, there has been a considerable surge in foreign investments, which has strengthened the construction sector. Apart from this, development of advanced technologies in pipe manufacturing has improved the piping systems throughout the country. These technologies are helping increase the pipe diameter, in addition to modifying pipe thickness that has led to pipes withstanding differential internal pressure. Also, high demand for PVC pipes has boosted the plumbing sector, since they provide a host of performance benefits such as installation costs and easy maintenance.
Europipe GmbH, Amanco, Corporación Empresarial de Materiales de Construcción, Benteler International AG, Alfatubo, Saint Global S.A., GPS PE Pipe Systems, SA (COEMAC), Aliaxis Group, Buhlmann Group, Wavin Holding B.V., Wienerberger AG are some of the noteworthy companies in the Europe pipe market. It is a highly competitive market, with international brands striving to seize substantial market share from domestic manufacturers.