Multilayer Aluminum Composite Pipes Market - Forecast(2020 - 2025)
Multilayer aluminum composite pipes comprises a composition of polyethylene, polypropylene, and other materials along with aluminum. These Pipes offer the advantages such as high strength and long durability as compared to conventional metallic or plastic pipes. Multilayer Aluminum Composite Pipes have many potential advantages over pipes made from conventional single material, which include high stiffness and strength, good corrosion resistance, light weight and improved thermal resistance properties. The rapid growth of the construction, and electrical and electronics industries in Asian countries has given a huge boost to the global multilayer aluminum composite pipes market. The multilayer aluminum composite pipes market is estimated to grow at a CAGR of 5.7% during the forecast period 2019–2024.
Multilayer Aluminum Composite Pipes Market Outlook
The Multilayer aluminum composite pipes market has been categorized into various segments in the report. On the basis of manufacturing process, the market has been segmented into filament winding and rotary casting. Based on substrate, the market is segmented into (PE) and polypropylene (PP). The polyethylene segment is further sub-segmented into cross-linked polyethylene (PEX), high density polyethylene (HDPE), and others. Based on end-user, the market is segmented into oil and gas industry, construction industry, chemical industry, electrical and electronics, telecommunications and others. The oil and gas industry is further sub-segmented into diesel and petrol, natural gas distribution and others; while construction industry is sub-segmented into residential, commercial and others. The chemical industry is further categorized into chemical processing and others; while electrical and electronics industry is sub-segmented into air conditioning, radiator central heating and others.
Multilayer Aluminum Composite Pipes Market Growth Drivers
- Growing construction activities in Asian countries, with India being the front runner.
- Increasing number of residential construction projects — Multilayer Aluminum Composite Pipes find major applications in plumbing.
- Multilayer aluminum composite pipes are also used for chemical and gas Transportation. Increase in demand for natural gas for electricity production will automatically raise the demand for multilayer aluminum composite pipes.
Multilayer Aluminum Composite Pipes Market Challenges
Raw materials account for nearly 60% of the overall cost of the multilayer aluminum composite pipes where aluminum and PE are the key raw materials for multilayer aluminum composite pipe. However, the rising prices of raw materials pose a major challenge for the growth of the multilayer aluminum composite pipes market. The price of aluminum has increased due to political events such as Rusal sanctions, US-China trade war while the PE prices are expected to witness an uptrend over the medium term.
Multilayer Aluminum Composite Pipes Market Share, By Country, 2018 (%)
Multilayer Aluminum Composite Pipes Market Research Scope
The base year of the study is 2018, with forecast done up to 2024. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the types of Multilayer aluminum composite pipes in the global Multilayer aluminum composite pipes market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Multilayer aluminum composite pipes and its specific applications in the Multilayer aluminum composite pipes market.
Multilayer Aluminum Composite Pipes Market Report: Industry Coverage
Manufacturing Process of Multilayer Aluminum Composite Pipes: Filament Winding and Rotary Casting.
Substrate of Multilayer Aluminum Composite Pipes: Polyethylene and Polypropylene
End User of Multilayer Aluminum Composite Pipes: Oil and gas, Construction, Chemical, Electrical and electronics, Telecommunications, and Others
Multilayer Aluminum Composite Pipes Market Key Players Perspective
Uponor OYJ and Geberit are the two major manufacturers of multilayer aluminum composite pipes.Georg Fischer Ltd ,Geberit, Superpipe Middle East FZCO, Maincor Rohrsysteme Gmbh & Co.Kg and Kitec Industries are the some of the major companies in the multilayer aluminum composite pipes market.
Uponor OYJ, through its broad range of products, constant product launches, and innovation, has been successful in catering to a variety of customers. Monitoring its future business involvements, IndustryARC analysts expect Uponor OYJ to maintain its position in the market.
Multilayer Aluminum Composite Pipes Market Trends
Countries such as India and China have registered a significant growth of government infrastructural spending, increasing residential and commercial construction, industrial production, irrigation sector and replacement of aging pipelines. Further, the economic outlook for Asia-Pacific region is favorable owing to the large economic developments in China and India. All the major global major players have established their operations in this region. The increasing residential and commercial construction of Asia-Pacific, along with growing economic developments in the region, will drive the growth of multilayer aluminum composite pipes market.
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