Sprayed-in-Place Pipe (SIPP) Market size will shoot up to US$ 11,928.1 million by 2024, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Sprayed-in-Place Pipe (SIPP) Market scenarios and has also estimated the Sprayed-in-Place Pipe (SIPP) Market size to reach US$ 11,928.1 million by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019–2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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The global sprayed-in-place pipe market size is projected to grow at an impressive rate over the next five years to reach US$ 707.3 million in 2024. The SIPP market is mainly driven by the spending of government and municipal corporations towards infrastructure rehabilitation. Most of the water main pipes, wastewater pipes, and storm pipes in the major countries, such as the USA, Germany, and Canada, have reached or almost reaching their retirement age and need rehabilitation for smooth functioning in the future.

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Based on the application type, the market is segmented as water main pipes, wastewater pipes, and storm pipes. Water main pipe is likely to remain the most dominant as well as the fastest-growing segment during the forecast period. All the major applications are likely to grow at healthy rates over the next five years. The replacement of old dig-and-replace method with the trenchless rehabilitation technologies including SIPP is driving the growth of the market. Generally, the wastewater pipes and storm pipes are large in size in terms of diameter and require comparatively more funds for rehabilitation. Cured-in-place pipe (CIPP) is the most widely used trenchless technology for wastewater and stormwater pipe rehabilitation.

Based on the material type, the market is segmented as cement mortar, epoxy coating, polyurea coating, polyurethane coating, and geopolymer mortar. Cement mortar is projected to remain the most dominant material type in the SIPP market during the forecast period, whereas geopolymer mortar is likely to remain the fastest-growing material type during the same period. Cement mortar is the oldest material among SIPP family, which is being used from the 1920s for the rehabilitation of pipelines. It offers a host of advantages over competing for rehabilitation technologies including good corrosion resistance. It provides excellent structural strength to the host pipe and is highly economical in terms of cost, key whys and wherefores for its widespread acceptance for pipe rehabilitation.

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Highlights of the Report:

As per Stratview Research, North America is projected to remain the largest market for SIPP during the forecast period. In the region, most of the installed pipelines have passed their retirement age or are reaching their retirement age and need rehabilitation. The average life span of a pipeline installed is around 50 years with most of them have passed the lifespan. Rehabilitation of these infrastructure gives an extended life of around 30–50 years to the pipe. The USA is not only the largest market for SIPP in North America but also in the world. The country is the early mover in the trenchless pipe rehabilitation with regard to material adoption and technology.

Asia-Pacific is expected to witness the highest growth during the forecast period. Japan, China, and Australia are the growth engines of the Asia-Pacific’s SIPP market. These economies will continuously generate a huge demand for SIPP to support their aging pipeline infrastructure. Japan is set to maintain its dominance in the region’s market over the next five years, whereas China is likely to be the fastest-growing market in the region during the same period. Furthermore, key economies in the region are incessantly increasing their infrastructure budget with the purpose to decrease water loss and to improve the water quality. All these factors are like to contribute significantly towards the growth of the SIPP market in the region.

The report also throws light on the Sprayed-in-Place Pipe (SIPP) Market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The sprayed-in-place pipe market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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