San Francisco, California, August 24, 2018: A recent report added by TMR Research to their vast repository, titled, “Polymer Pipe Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028,” forecasts the market to bode well mainly due to extensive advancements and expansions occurring in the construction industry. The report serves as a prime insight to all candidates interested in the market.
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The global polymer pipe market is projected to witness tremendous growth owing to improving infrastructural setups, both in residential and commercial domains. This is mainly due to extensive requirement of the pipes for installing HVAC systems, gas pipelines, sewage disposal systems, drainage network, water distribution and treatment systems, and many other sectors. The pipes are in high demand from both developed and developing regions, thus witnessing growth on a global scale. The polymers find greater preference owing to less weight, flexibility, and sturdiness as compared to other alternatives. Such benefits too are responsible for making the global polymer pipe market expand at a healthy rate.
However, rising environmental concerns regarding the polluting effects caused by manufacturing of polymers is hampering the global polymer pipe market’s growth. Moreover, these commodities might not be easily available in remote and underdeveloped region, thus stunting expansion on a regional scale. However, many companies are coming up with eco-friendly polymer compounds, which could reduce the polluting effects caused on the environment. This could consequently lead towards reduction in most restraints affecting the global polymer pipe market.
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This market exhibits the presence of a highly competitive and fragmented vendor landscape, owing to the presence of numerous players. With the number of companies venturing in this field anticipated to increase during the upcoming years, the competitive intensity is projected to witness a notable surge. Lyondell Basell Industries, INEOS Olefins and Polymers, and Chevron Philips Chemical Company, are three leading players operating in the global polymer pipe market.