Cured in Place Pipe Market to grow beyond US$ 2,753.4 million by 2025
February 17, 2020
Cured in Place Pipe Market Overview:
The global Cured-In-Place Pipe (CIPP) market offers healthy growth opportunity and its size is likely to reach an estimated value of US$ 2,753.4 million in 2025. Aging potable and sewage water structure, increasing spending by municipalities and utilities on rehabilitation, increasing awareness about the benefits of trenchless techniques, and high performance of CIPP over competing technologies are major growth drivers of the global CIPP market.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Cured-in-Place Pipe Market Segment Insights:
Polyester Resin: The growth engine
Based on the resin type, polyester resin-based CIPP is expected to remain the largest segment of the CIPP market during the forecast period. Polyester resin impregnates liner materials well and can be cured even when ambient temperatures drop to near or below freezing. It is mostly used in gravity sewer rehabilitation, owing to high flexural modulus, low tensile elongation, and good chemical resistance. Further, its lower cost as compared to vinyl ester and epoxy resins elevate its demand.
Vinyl ester resin-based CIPP segment is likely to witness the highest growth over the next five years, owing to its caustic and high-temperature material resistance properties.Vinyl ester resin-based CIPP offers inherently better impact resistance than the polyester resin-based CIPP construction. It is also stronger than polyester resin-based CIPP and cheaper than epoxy resin-based CIPP. Vinyl ester resins offer better resistance to moisture absorption and are the preferred choice where corrosion of pipe is the biggest concern.
Epoxy resin does not have HAPs (hazardous air pollutants) or cause VOCs (volatile organic compounds) emissions and is considered to be one of the eco-friendliest choices for CIPP. Epoxy resin-based is mostly used for the rehabilitation of potable water pipelines as it’s the only resin that meets the NSF/ANSI 61 potable water requirements.
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Dominance of: <1-foot Diameter Pipe
The global CIPP market is segmented based on the pipe diameter type: <1 foot, 1-2.5 feet, 2.5-5 feet, and > 5 feet. <1 foot is projected to remain the growth engine of the global CIPP market during the forecast period of 2020 to 2025. Small diameter pipes require less funding and are easy to install as compared to large diameter pipes. This has resulted in a huge installed base of small diameter pipes. 8” diameter pipe is considered to be a standard and has been one of the largest used pipelines across the world.
A highly/moderately/fragment consolidated Market
The supply chain of this market comprises raw materials suppliers, tube manufacturers, CIPP liner manufacturers, resin impregnators, CIPP installers, municipalities, and utilities. The key CIPP manufacturers are Insituform Technologies Inc., Layne Inliner LLC, iMPREG GmbH, Inland Pipe Rehabilitation, Reline Europe AG, Saerxtex multiCom GmbH, Ashimori Industry Co. Ltd., and Per Aarsleff A/S. Developing thinner, stronger and eco-friendly liners, mergers & acquisitions, and forming long-term contracts with installers and utilities are the key strategies adopted by the key players to gain a competitive edge in the market.
Regional Hegemony of North America
Based on regions: North America is expected to remain the largest CIPP market during the forecast period. the region has most of the pipelines installed post-world war II which are at retirement age and need rehabilitation. The USA alone has about 0.8 million miles of sewer pipes and 0.5 million miles of private lateral sewers and majority of which are over 60 years. The average lifespan of sewer pipes in the USA is about 50 years. This has led to a large-scale demand for rehabilitation in the region where CIPP is the most preferred choice.
Asia-Pacific is likely to remain the fastest-growing market during the forecast period. Various emerging countries in the region, such as China, have currently been practicing other technologies for the rehabilitation of pipelines but they have now started implementing CIPP at a faster rate.
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