High Growth & Smooth Sailing of Cured-In-Place Pipe (CIPP) Market, a US$ 3,023.6 million Opportunity
The Cutting-Edge Stratview Insights:
Stratview Research prognosticates the market to grow at a healthy CAGR over the next five years and expects the market to cross over of US$ 3,023.6 million mark by 2024.
The estimates are a result of market analysis over a period of 2013–18, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Cured-In-Place Pipe (CIPP) Market during the period 2019–24.
Identifying the Factors & Avenues of Growth
Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of “Stratview Research” on the Cured-In-Place Pipe (CIPP) Market responds to all the significant inquiries.
There are various trenchless techniques available for the rehabilitation of damaged pipelines, such as CIPP and slip lining, among which CIPP is gaining popularity, owing to its numerous benefits over the competing ones. It is suitable for the rehabilitation of pipelines with a wide range of diameter as well as applications including sewer, potable water, and stormwater. It gives a new life to the damaged pipelines. As per one study, about 49% of the respondents cited that CIPP is by far the most preferred trenchless method. CIPP liners manufacturing has to be compliant under various standards governed by ASTM and has to follow the emission norms of regulatory bodies, such as OSHA regulation.
The global Cured-In-Place Pipe (CIPP) market offers healthy growth opportunity and is likely to reach an estimated value of US$ 3,023.6 million in 2024. 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.
Unravelling the Critical Segments
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.
It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.
The market of Cured-In-Place Pipe (CIPP) has been divided into categories such as by Pipe Diameter Type, Resin Type, Fabric Type, Cure Type, Weaving Type, Coating Type, By Region. Insights on each segment can be of critical importance to any player.
Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?
To get the feel of how our best in class, cutting-edge market research report feels, request a sample: https://www.stratviewresearch.com/Request-Sample/287/Cured-in-Place-Pipe-CIPP-Market.html
Ashimori Industry Co. Ltd. at the Helm
The top 5 players are Ashimori Industry Co. Ltd., iMPREG GmbH, Insituform Technologies Inc., Inland Pipe Rehabilitation (IPR), Layne Inliner, LLC.
Other important firms are Norditube Technologies SE, Per Aarsleff A/S, Perma-Liner Industries LLC, Reline Group, SAERTEX multiCom GmbH, SAK Construction, LLC, Seksui Americas SPR, LLC
Emerging Trends:
Increasing Demands of Vinyl ester resin-based CIPP
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.
Polyester fabric-based CIPP to Remain the Dominant
Based on fabric type, polyester fabric-based CIPP is projected to remain the largest segment of the global CIPP market during the forecast period. Polyester fabric exceeds the desired tensile strength and meets the ASTM D461 standard for feeling at a very competitive price compared to other fabrics. It is considered a superior fabric for optimum resin carriage coupled with high surface tension.
Glass fabric is likely to remain the second-largest and fastest-growing fabric type during the forecast period. Glass fabric is the preferred choice for CIPP where curing is done through UV. The main reason for using glass fabric liner with UV curing, instead of water or steam-cured felt liners, is that felt curing generates by-products that negatively affect the environment.
<1 foot Diameter type to be the growth engine
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 2019 to 2024. 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.
Asia-Pacific to be the Largest Market
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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