Indonesia Plastic Pipes and Fittings Market
Indonesia Plastic Pipes & Fittings Market Size Expanding at Impressive CAGR of 6.7% During the Forecast Period
Published | 10 March 2023
Indonesia plastic pipes & fittings market is flourishing due to increasing investments in infrastructure by the government and the private sector, and the steadily increasing population driving the demand for residential facilities, which in turn drives up demand for plastic pipes and fittings in the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the Indonesia plastic pipes and fittings market size to grow at an impressive CAGR of 6.7% by 2029. Rapid urbanization and government infrastructure investments, which necessitate the use of pipes for water distribution systems, are major factors driving market growth. Demand for high-performance corrosion-resistant plastic pipes has been fueled by large-scale interregional oil and gas projects. Adoption by various industries, including chemicals & petrochemicals, mining, and others, will help the market grow significantly during the forecast period.
Indonesia Plastic Pipes & Fittings Market - Overview
A plastic pipe is a hollow cylinder or tubular section of plastic. It has a circular cross-section and is mostly used to move fluids, such as liquids and gases, slurries, powders, and masses of tiny materials. Gases and liquids are frequently transported locally using plastic pipes. Raw materials like polyvinyl chloride (PVC), polypropylene (PP), and polyethylene are used to create plastic pipes and forms (PE).
Indonesia Plastic Pipes & Fittings Market – By Type of PVC Pipe
The Indonesia Plastic Pipes and Fittings Market is classified into UnPlasticized PVC Pipes (uPVC), CPVC, and PVC-O. Unplasticized PVC (uPVC) pipes are the most commonly used PVC pipes, as they are easy to install and provide the highest flow rates for liquid transportation. CPVC pipes have a small market share but provide excellent temperature thresholds and chemical resistance. PVC-O pipes are a relatively new product, but they have some advantages over other PVC varieties, including higher energy efficiency and less material consumption.
Impact of COVID-19 on Indonesia Plastic Pipes & Fittings Market
Indonesia plastic pipes & fittings market was impacted by COVID-19. Due to a balanced-to-long supply, prices are predicted to decline. The stocks of listed plastic pipe manufacturers may be under pressure due to poor quarterly performance in recent years and near-term demand concerns related to the advent of the new coronavirus's Omicron strain. There has been a decline in price for polyvinyl chloride (PVC) resins, a crucial component of plastic pipes, which could prove detrimental over time. It is anticipated that PVC demand will revert to pre-COVID-19 levels when the logistics and restrictions are made simpler. Also, it is expected that PVC's market will grow because of its application in COVID-19 medical devices and equipment.
Competition in Indonesia plastic pipes & fittings market is intense. Prominent players in the market include GF Piping Systems Ltd., Maspion Kencana, Pralon, PT Bangun Indopralon Sukses, PT Indopipe, PT Langgeng Makmur Industri Tbk, PT Wahana Duta Jaya Rucika, Unilon, and Vinilon Group. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Indonesia plastic pipes & fittings market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Indonesia Plastic Pipes & Fittings Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Indonesia Plastic Pipes & Fittings Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Indonesia Plastic Pipes and Fittings Market - By Type of Pipe (PVC, PE, ABS, PVDF, PPR); By Type of PVC Pipe (UnPlasticized PVC Pipes (uPVC), CPVC, PVC-O); By Structure of PVC Pipes & Fittings (Organized, Unorganized); By Type of PE Pipe (HDPE, MDPE, LDPE); By End User (Water & Irrigation, Sewage, Industries & mining, Cable Protection Conduits, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: March 2023
Development of housing units and high-rise buildings, government initiatives, and entry of both international and local plastic pipe producers may provide growth opportunities for Indonesia Plastic Pipes and Fittings Market during the forecast period between 2023 and 2029.
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