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28 Jul, 2023, 15:30 BST

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The Sprayed-in-Place Pipe Market is likely to rise at a CAGR of 4.8% during 2023-2028, to reach US$ 0.95 billion in 2028, states Stratview Research.

DETROIT, July 28, 2023 /PRNewswire/ -- Stratview Research, a global market research firm has launched a report on the Sprayed-in-Place Pipe Market which provides a comprehensive analysis of the global and regional industry forecast, current & emerging trends, segment analysis, and competitive landscape.

Click here for a free sample pdf:

https://www.stratviewresearch.com/Request-Sample/533/sprayed-in-place-pipe-SIPP-market.html#form

Report Highlights

Market Size in 2028

USD 0.95 billion

Growth (CAGR)

4.8% during 2023-2028

Forecast Period

2023-2028

Trend Period

2017-2021

Base Year

2022

Number of Segments Covered

4

Number of Tables & Graphs

60+

Country-Level Market Assessment

20

Segment Insights on Sprayed-in-Place Pipe Market

The global Sprayed-in-Place Pipe Market is segmented based on Application Type, Material Type, Pipe Diameter Type, and Region.

Based on Application Type - The market is segmented into 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 in the market during the forecast period. Large infrastructure pipelines of the water mains coupled with the increasing propensity of government waterbodies to rehabilitate deteriorated water main pipelines to conserve the loss of clean drinking water are likely to be the major demand generator of the market over the next five years. The rehabilitation of wastewater pipes and storm pipes is comparatively less regulated, thus, there is the presence of a large number of players in wastewater and stormwater pipe rehabilitation.

Based on Material Type - The market is segmented into 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 be the fastest-growing material type during the same period. Cement mortar is the oldest material among the SIPP family, which is being used since the 1920s for the rehabilitation of pipelines. Longer service life, low cost, excellent corrosion resistance, ease of installation, and excellent structural strength are the key benefits offered by cement mortar compared to other materials.

Based on the Pipe Diameter Type - The 18-36-inch pipe category is estimated to remain the largest segment of the market during the forecast period, propelled by a large variety of pipes falling under this pipe diameter range, whereas the <18-inch pipe category is likely to be the fastest-growing segment during the same period. Many factors are depending on the diameter of the pipe, such as the selection of equipment and quantity of material to be used. SIPP is among the most preferred trenchless method for the rehabilitation of 18-36-inch diameter pipes.

To know the attractive segments, click here for a free sample pdf:

https://www.stratviewresearch.com/Request-Sample/533/sprayed-in-place-pipe-SIPP-market.html#form

Which Region Offers the Best Opportunity and Growth?

The report suggests that North America is projected to remain the largest market for SIPP during the forecast period. This growth is majorly attributed to the following:

Asia-Pacific is expected to witness the highest growth in the market during the forecast period. Japan, China, and Australia are the growth engines of the Asia-Pacific's SIPP market. These economies are continuously generating a huge demand for SIPP to support their aging pipeline infrastructures. 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 of the region are incessantly increasing their infrastructure investment with the purpose to decrease water loss and to improve water quality. All these factors are likely to contribute to the high growth of the SIPP market in the region.

Sprayed-in-Place Pipe Market Drivers

Some of the key drivers listed in the report are given below.

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Top 5 Companies in Sprayed-in-Place Pipe Market?

The market is fairly consolidated with the presence of some major global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the sprayed-in-place pipe market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Sprayed-in-Place Pipe Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market segment analysis and Forecast

Which are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter's five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirement?

10% free customization

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About us –

Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. The reliability and insightfulness of the reports enable the readers to take convincing business decisions.

Stratview Research has been helping companies to meet their global and regional growth objectives by offering customized research services. These include a market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

Are you looking for any specific data customized to your objectives? We are just a mail away.

Stratview ResearchE-mail: [email protected]: +1-313-307-4176

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SOURCE Stratview Research