According to SPER Market Research, the Indonesia Plastic Pipes and Fittings Market is in high demand due to the need for infrastructure, housing and real estate, sanitization, and the provision of drinking water. The market is currently in its expansion stage. Local manufacturers of pipes dominate the market, with foreign rivals gaining ground through joint ventures and acquisitions. Due to demand from government initiatives, businesses have been pushed to consistently grow their manufacturing capacity. PVC pipes were seen to predominate the market due to the inexpensive cost of readily available local raw materials, whilst HDPE pipes’ average price was driven up by raw material imports, which had an impact on their demand.
With prospects in water and wastewater, agriculture, chemicals, and the protection of electrical and telecommunication cable, the future of the plastic pipe market is bright. The government’s significant investments in infrastructure and the growth of the residential sector are predicted to push the pipes and fittings market in Indonesia in the forecast period. Additionally, as the economy becomes more sophisticated, there will be a rise in consumer demand for better sanitation facilities, such as better sewerage drains and safe drinking water, as well as demand from industrial end-users and a potential transition toward PE pipe. Growing residential and non-residential construction activity, the replacement of outdated pipelines, and rising public awareness of the appealing qualities of plastic pipes are the main development drivers for this industry.
Forecast CAGR (2022-2032): XX%.
Forecast Market Size (2032): XX billion.
Impact of COVID-19 on the Indonesia Plastic Pipes and Fittings Market:
Due to a balanced-to-long supply in the market, COVID-19 has impacted the polymer market, which is anticipated to exhibit a decline in price. A poor quarterly performance in prior years and near-term demand worries surrounding the emergence of the new coronavirus’s Omicron strain could put pressure on the stocks of listed plastic pipe makers. Prices for polyvinyl chloride (PVC) resins, an essential component of plastic pipes, have been declining, which could be gradually harmful. With the logistics and lockdown being simplified, it is anticipated that the demand for PVC will return to its pre-COVID-19 level. Additionally, it is anticipated that the use of PVC in medical equipment and instruments during COVIV-19 will expand PVC’s market in terms of demand and consumption from the.
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Indonesia Plastic Pipes and Fittings Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By End User:
- Cable Protection Conduits
- Industries and Mining
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography
Indonesia Plastic Pipes and Fittings Market Key Players:
The study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Avian Power, Extrulindo Raya Abadi, Indopipe, Jayaabadi Semarang, Langengg Makmur, Lestari Putra Sentosa, Maspion Kencana, Mk Elextric Indonesia, Pipaku, Pluit Makmur Lestari, Pralon, Sapta Kencana Wungu, Tjakrindo Mas Plastic Industry, Unilon, United Rope & Line Industry, Vinilon Group, Wahana Jaya Rucika, Westpex.
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