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Southeast Asia Pipes Market 2022 Competitive Scenario, Financial Overview And High-profit Margins 2030

Southeast Asia Pipes Industry Overview

The Southeast Asia pipes market size is expected to reach USD 24.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2020 to 2028. Growing investments towards infrastructure development and the use of the product in construction refurbishment are factors expected to drive industry growth over the forecast period.

Southeast Asia Pipes Market Segmentation

Grand View Research has segmented the Southeast Asia pipes market on the basis of product, application, end-use, and country:

Based on the Product Insights, the market is segmented into Polypropylene Pipes, Steel & Alloy Pipes, Polyvinylchloride Pipes, Copper Pipes, Composite Pipes, Other Pipes.

  • The steel and alloy pipes segment dominated the market and accounted for the largest revenue share of 37.2% in 2020. This is attributed to widespread applications of these pipes in multiple industries including manufacturing, transportation, construction, oil and gas, and HVAC.
  • Steel and alloy pipes are used in various application industries such as manufacturing, transportation, Liquified Natural Gas (LNG), desalination, and nuclear power owing to their properties such as anti-corrosion, less reactivity, high strength, and tough texture.
  • Polypropylene (PP) pipes are used in several applications including chemical drainage systems, industrial and process piping applications, and hot and cold-water distribution, due to lightweight piping material with high chemical resistance, corrosion resistance, and high durability.
  • The growing adoption of copper pipes in applications such as HVAC, sprinklers, CNG and LNG distribution, medical gas distribution and storage, and water supply is attributed to their properties such as flexibility, corrosion resistance, and lightweight.

Based on the Application Insights, the market is segmented into Plumbing, Drainage/Sanitary, HVAC, Others.

  • The drainage/sanitary segment dominated the market and accounted for the largest revenue share of 35.5% in 2020. This is attributed to the construction of several water supply projects, wastewater water treatment projects, and drainage and sewerage projects in many parts of Southeast Asia.
  • The growth of the HVAC application segment in the market is expected to be driven by growth in the commercial and industrial construction industries in countries such as Singapore, Thailand, Philippines, Indonesia, and Malaysia.
  • The growing demand for pipes in other applications, such as fluid transportation, cable protection, electrical appliances, and oil well casing, can be attributed to the growth in industries such as power generation, transportation, food processing, oil and gas, automobile, and renewable energy generation.
  • Growth in the e-commerce sector in several countries including Singapore, Malaysia, Thailand, and Indonesia has led to the construction of several cold storage warehouses, thus leading to rising demand for pipes in the HVAC industry.

Based on the End-use Insights, the market is segmented into Residential, Commercial.

  • The commercial end-use segment dominated the Southeast Asia pipes market and accounted for the largest revenue share of about 72.9% in 2020. This is attributed to rising government investments in the development of water infrastructure projects, industrial facilities for power generation, refrigerant plants, and drainage systems.
  • The demand for pipes in the commercial construction industry is expected to rise over the forecast period owing to the government’s emphasis on the development of water infrastructure projects, industrial facilities for power generation, and refrigerant plants.
  • The residential end-use segment is expected to be driven by increasing investments by government and private players toward the construction of residential housing units for the growing population in several countries including Singapore, Indonesia, and Malaysia.
  • The residential construction industry is expected to witness growth on account of the affordable housing schemes by governments in several countries.

Southeast Asia Pipes Country Outlook 

  • Indonesia
  • Vietnam
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia

Key Companies Profile & Market Share Insights

Regional pipe manufacturers operate their business through joint ventures with key international players in a bid to harness the high growth potential of the market. Vesbo Asia Pte Ltd holds investments from Arcon Germany and Novaplast Turkey. The company uses raw materials produced by plastic giants such as SABIC, Borealis, and Lyondell Basell.

Some prominent players in the Southeast Asia pipes market include

  • Kobelco
  • Thai Premium Pipe Co., Ltd.
  • George Fischer Pte., Ltd.
  • Binh Minh Plastics
  • Vesbo Asia Pte., Ltd.
  • Bina Plastic Industries Sdn. Bhd.
  • Wavin Asia Pacific

Order a free sample PDF of the Southeast Asia Pipes Market Intelligence Study, published by Grand View Research. 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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