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Global Cured-In-Place Pipe (CIPP) Market Will Grow with CAGR of 4.43% - QYResearch Report

Author: QYResearch  |   Published Date: 2021-04-27   |   Views: 62



According to QYResearch  latest study, the 2021 growth of Cured-In-Place Pipe (CIPP) will have significant change from previous year. By the most conservative estimates of global Cured-In-Place Pipe (CIPP) market size (most likely outcome) will be a year-over-year revenue growth rate of 4.55% in 2021, from US$ 2125 million in 2020. Over the next few years the Cured-In-Place Pipe (CIPP) market will register a 4.43% CAGR in terms of revenue, the global market size will reach US$ 3010 million by 2028.

CIPP, is one of several pipe rehabilitation methods referred to as Trenchless Technologies. It is an approved method and preferred method to rehabilitating cracked, broken and failed sanitary or storm sewer pipes. Lining is less expensive and more efficient than traditional open cut replacement methods, normally installed with little or no surface disruption. CIPP lining process can be used to rehabilitate virtually any type of pipe including; Clay, Cast Iron, Orangeburg, PVC, ABS, HDPE, Concrete Pipe or Corrugated Metal Pipe.

CIPP can be divided by various types according to materials or installation method. When considering the installation method in a project, inversion method is the most widely used. As with the pulled-in-place method, the pipe must also be carefully cleaned and prepared for the liner, and then the liner is “rolled in” through the pipe. Similar to a sock being unrolled, air or water is used to force a saturated liner to invert (or unroll) inside the pipe, each section of pipe is left inflated with air while the liner cures in place.

Although in rehabilitation, dig-and-replace is still the preferred method for the majority of customers, CIPP has its own distinctive advantages. CIPP is a cost-effective alternative to traditional pipeline repair. Experts in CIPP repair can create a pipe, within the existing pipe. And, CIPP repair provides the same structural strength as traditional excavation methods to lay a brand-new pipe. This safe alternative is gaining popularity as business owners are educated on the advantages of CIPP repair.

 

Global Cured-In-Place Pipe (CIPP) Market- Key Players

Aegion Corporation, Granite Construction, Inland Pipe Rehabilitation (IPR), Norditube Technologies, Perma-Liner Industries, Ashimori Industry, IMPREG, LMK Technologies, Reline Group, SAERTEX MultiCom , Sekisui Americas SPR, CIPP Corporation, PMPS Liner Technology, Rainer Kiel Kanalsanierung, Trelleborg, are some of the key suppliers in the industry. Aegion Corporation leads the industry with more than 12% market share in 2020.

 

Increasing research & development activities and innovation in technology to boost the global Cured-In-Place Pipe (CIPP) market

This market has a tremendous scope in the research & development and in the department of innovation. An introduction of new and innovative technologies for the manufacturing of reliable parts and components of the braking system is mounting the growth of the worldwide Cured-In-Place Pipe (CIPP) market. Some other updated technologies such as additive manufacturing or 3D printing have allowed manufacturers to create complex components and parts in comparatively less time and with ease, which is expected to create a positive impact on the global Cured-In-Place Pipe (CIPP) market.

Growth and development in the automotive sector and consumer’s awareness about safety and comfort is one of the important factors that is boosting the global Cured-In-Place Pipe (CIPP) market. In developed nations increasing disposable income and changing lifestyle have enabled consumers to use more than one vehicles that are always equipped with the powerful and flawless braking system. This rising use of vehicles is expected to create robust development of the global Cured-In-Place Pipe (CIPP) market in the years to come. 

Increasing trend of adventure sports and racing such as off-road driving and dirt racing is likely to propel the growth of the Cured-In-Place Pipe (CIPP) market across the globe in the years to come.

Global Cured-In-Place Pipe (CIPP) Market: Segmental Analysis

The market is segmented into product type and application type. On the basis of product type, the global Cured-In-Place Pipe (CIPP) market is segmented into 1 piston caliper, 2 piston caliper, and multi-piston caliper. On the other hand, based on application type, the market is segmented into commercial vehicle and passenger vehicle.

Luxurious lifestyle and rising per capita income to create a positive impact on the growth of Cured-In-Place Pipe (CIPP) market in North America and Europe

High standard of living, increasing disposable income, and luxurious lifestyle have led to the growth of the Cured-In-Place Pipe (CIPP) market in Europe and North America. Apart from this, developing nations in the Asia Pacific region, particularly China and India are expected to play an important role in the progress of Cured-In-Place Pipe (CIPP) market in the near future. In countries like India and China, the basic mode of transportation is an automobile and therefore these two countries have great potential in the growth of Cured-In-Place Pipe (CIPP) market in the upcoming years.

 

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