Philippines Plastic Pipes and Fittings Market is Expected to Grow at a CAGR of Over 10% in Next 5 Years: Ken Research
GURUGRAM, India, December 18, 2018 /PRNewswire/ --
- In the recent years, multiple irrigation projects have been taken up by the Government which has increased the demand for Plastic pipes and fittings industry at large.
- Philippines witnessed a recent shift in focus from PVC to PE Pipes.
- An Increase in the efforts taken by the Plastic association to convey the advantages of Plastic pipes and fittings to the consumers has gone a long way in shifting public sentiment about plastic pipes.
Introduction of Cheaper Variants of Plastic Pipes: New and reasonably priced variants of plastic pipes with a wider user base have entered the market and have gradually increased the demand for plastic pipes and fittings. These pipes are lighter and easier to cut as a result is much more cost effective than metal pipes and easier to transport and install as well.
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Gradual Shift from PVC pipes to PE Pipes: PE Pipes include both High-Density Polythene Pipes and Low-Density Polythene Pipes. Such pipes provide good temperature resistance and are used in drainage systems and drip irrigation systems and are expected to drive up sales of the Plastic pipes and fittings industry in the coming years. Hence, there has been a gradual shift from PVC Pipes to PE pipes in Philippines.
Growth in Residential Sector: The Philippines property sector has witnessed steady growth over 2018, amid the country's bullish economy. The residential sector has witnessed increasing investment by the public and private sector alike. This would lead to an increase in use of Plastic pipes and fittings in their plumbing and water supply systems as well as sewerage systems.
Rising Focus on Irrigation: A major share of the demand for Plastic pipes comes from irrigation in the agricultural sector. It alone commanded around 40% of the Plastic Pipes industry revenue in 2017.
The Plastic Industry in Philippines is currently poised at central to downstream stages of manufacturing that has a direct impact on the Plastic pipes and fittings industry. The industry is devoid of an upstream to provide ethylene and propylene and thus needs to be imported. This makes the industry vulnerable to foreign exchange fluctuations that trickle down on the Plastic pipes and fittings industry as well.
Analysts at Ken Research in their latest publication "Philippines Plastic Pipes and Fittings Market Outlook to 2022- By Type of Plastic Pipes and Fittings (UPVC, CPVC, PE and PPR), By Quality of Plastic Pipes and Fittings (High, Medium and Low) and By End User Applications (Industrial and Irrigation, Sanitary, Electrical and Potable Water)" mentioned that in 2017, top 5 players dominated the market and accounted for approximately 70.0% of the market share on the basis of revenue.
Keywords
- Philippines Plastic Pipes and Fittings Market
- Philippines Plastic Pipes Overview
- Philippines Plastic Pipes Market Size
- Philippines Plastic Pipes Market Segmentation
- Philippines HDPE Pipes Industry
- Philippines LDPE Pipes Market
- Philippines PPR Pipes Industry
- Philippines PPH Pipes Revenue
- Philippines PVC Pipes Production
- Philippines PVC Pipes Sales Volume
- Philippines PVC Pipes Revenue
- Philippines PVC Pipes Production Capacity
- Philippines PE Pipes Production Volume
- Value Chain Philippines Plastic Pipes and Fittings
- Manufacturing Process Plastic Pipes and Fittings Market
- UPVC Pipes and Fittings Philippines
- CPVC Pipes and Fittings Philippines
- Philippines PVC Pipes Revenue Irrigation
- Philippines PVC Pipes Application Sewerage
- Philippines PVC Pipes Water Supply and Plumbing Systems
- Philippines PVC Pipes Borewell Application
- Government Regulations PVC Pipes Fittings Philippines
- Import Plastic Pipes Fittings Philippines
- Trends PVC Pipes and Fittings Philippines
- Challenges PVC Pipes and Fittings Philippines
- Competitive Landscape PVC Pipes Philippines
- Company Profiles Major Players Plastic Pipes Philippines
- Philippines Plastic Pipes Future Outlook
- UPVC Pipes Market Philippines
- CPVC Pipes Fitting Market Philippines
- PPR Pipes Market Philippines
Key Segments Covered
By Type of Pipe
- UPVC
- PE
- CPVC
- PPR
By Quality of Pipe
- Low
- Medium
- High
By Type of End User Application
- Industrial and Irrigation
- Sewerage and Drainage Systems
- Electrical and Communication Wire Conduit
- Potable Water Application
- Fuel Gas Line and Others
Major Companies Covered:
- Neltex Development Co Inc
- Moldex Products Inc
- Atlanta Industries Inc
- Emerald Vinyl Corporation
- Crown Asia Chemicals Corporation
- Alasco Vinyl Corporation
- GF Piping Systems
- Apex Plastic Piping Supply and Service Inc
- Tanay Industries Corporation
For more information on the research report, refer to below link:
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