11:12 AM Cured-In-Place Pipe (CIPP) Market Size to reach US$ 2,753.4 million in 2025 |
The global Cured-In-Place Pipe (CIPP) market offers healthy growth opportunity and its size is likely to reach an estimated value of US$ 2,753.4 million in 2025. 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.
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By Diameter Type: 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 2020 to 2025. 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. By Resin Type: 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. By Region: 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. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/287/Cured-in-Place-Pipe-CIPP-Market.html 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. Based on the research, a proper report is crafted with the following key features:
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