Report: Global CIPP Market to Reach Nearly $2.5 Million by 2022
9/21/2017
According to a new report from Stratview Research, the global Cured-In-Place Pipe (CIPP) market is projected to reach $2,486.5 million in 2022.
Reasons for the expected growth include:
- Aging potable and sewage water infrastructure
- Increased spending by municipalities and utilities on rehabilitation,
- Increased awareness about the benefits of trenchless techniques
- The technology’s higher performance of over competing techniques
Other key findings include:
- <1-foot diameter pipe is projected to remain a primary growth engine for the global CIPP market.There is a huge installed base of <1-foot diameter pipelines for sewer and potable water applications across the world and small diameter pipes require less funding and are easier to install compared to large diameter pipes.
- Polyester resin is expected to remain the most dominant resin type. Polyester resin impregnates liner materials well and can be cured even when ambient temperatures drop to near or below freezing. It also offers other advantages, such as high flexural modulus, low tensile elongation, and good chemical resistance. However, Vinyl ester resin is likely to witness the highest growth over the next five years, due to its caustic and high-temperature material resistance properties.
- North America is expected to remain the world’s largest CIPP market as the region contains most of the pipelines installed post World War II, which are at retirement age and in need of rehabilitation.
- Asia-Pacific is likely to remain the fastest-growing market during the forecast period as various emerging countries in the region, such as China, have begun implementing CIPP at a faster rate.
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