Canada Plastic Pipe and Fitting Market is Expected to Grow at a CAGR of 4% in the Next 5 Years: Ken Research
GURUGRAM, India, October 31, 2018 /PRNewswire/ --
- After months of negotiations, Canada finally agreed to a revamped trade deal with the U.S. and Mexico. The "United States-Mexico-Canada Agreement" (USMCA) will replace NAFTA. This will have an positive impact on the plastic pipe and fittings market in Canada as many plastic pipe manufacturers depends heavily on the bilateral trade between US and Canada.
- There is number of under construction and planned water treatment projects in Canada. Construction of water treatment projects includes construction of sewage systems for which large volume of HDPE and UPVC pipes will be required.
- Montreal region is expected to demand large volume of plastic pipes and fittings as a number of construction projects are in pipeline in this region.
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.
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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.
Keywords
- PE pipes Production Canada
- Plastic pipes plumbing Market Canada
- Plastic pipes Application agriculture Canada
- HDPE pipes Irrigation Canada
- Plastic Pipes Oil Gas sector Canada
- Manufacturers of Plastic pipes in Canada
- Trends Canada Plastic pipe and fitting
- Organized plastic pipe and fitting Canada
- Plastic pipes and fittings imported Canada
- Future plastic pipe in Canada
- PE pipes Market Canada
- PVC pipes Production Canada
- PVDF plastic pipes Industry Canada
- Injection Molding Techniques Plastic Pipe Canada
- PEX Pipes Market Canada
- Competition Plastic Pipes Canada
- Canada Plastic Pipes market
- Canadian PVC Pipes Industry
- Growth Plastic Pipes Canada
- PVC Resin Market Canada
- Import PVC Resin Canada
- Plastic pipes Production Plant Canada
- Production Capacity Plastic Pipes Canada
- Eastern Canada Plastic Pipes Industry
- PVC Pipes Production Canada
For more information on the research report, refer to below link:
Key Segments Covered
By End User Application:
- Water Supply and Sewage
- Irrigation
- Plumbing
- Chemical, Oil & Gas, Mining and Industrial
- Others (Cable Protection, HVAC and other related industries)
By Type of Pipes:
- PVC (CPVC and UPVC)
- Polyethylene (PE) (HDPE, MDPE, LDPE)
- Others (Include Polypropylene pipes, ABS, Polyvinylidene fluoride (PVDF), PB Etc.)
By Type of Market Structure
- Organized Sector
- Unorganized Sector
Key Target Audience
- Plastic Resin Suppliers
- Plastic Pipe and Fitting Manufacturing Companies
- Oil and Gas Industry
- Government Bodies
- Real Estate developers
- Agriculture Sector Companies
Time Period Captured in the Report:
2012-2017 - Review Period
2017-2022 - Future Forecast
Major Companies Covered:
- IPEX Piping Systems
- ISCO
- Uponor Infra
- ADS
- Aqua Q
- Polytubes
- Dura-Line
- CanPlas Plastics
- Royal Building Products
- Zenith Plastics
- Rezplast Manufacturing Ltd
- PVC Industrial Products Next Polymer
- Bow Plastic and others
Key Topics Covered in the Report
- Overview of Canada Plastic Pipe and Fitting Market.
- Value chain analysis.
- Canada Plastic Pipe and Fitting Market Size by Revenue.
- Major Players in the Canada Plastic Pipe and Fitting Market.
- Market Segmentation by Type of Pipe (PVC, PE and Others) and By End User Application (Irrigation, Water Supply and Sewage, Plumbing, Chemical, Oil & Gas and Mining and Others)
- Government Regulations and Standards.
- Growth Drivers and Restraints
- Company profile of Major Manufacturers (IPEX Piping Systems, ISCO, Uponor Infra, ADS, Aqua Q, Polytubes, Dura-Line, CanPlas Plastics, Royal Building Products, Zenith Plastics, Rezplast Manufacturing Ltd, PVC Industrial Products Next Polymer and Bow Plastic and others)
- Export and Import Scenario in Canada Plastic Pipes and Fittings Market
- Growth Drivers and Trends
- Future Outlook
- Analyst Recommendation.
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