The global Cured-in-Place-Pipe (CIPP) market witnessed significant growth in 2020 and is expected to register steady revenue growth over the forecast period due to the increasing demand for CIPP in rehabilitating public utilities like aging sewage and potable water pipelines, as well as its advantages over other trenchless technologies. This expansion is also driven by infrastructural development and rapid urbanization. CIPP is a widely-used trenchless technique for rehabilitating damaged pipelines. The growth of the CIPP market is driven by factors such as the significant rise in demand for CIPP due to increased municipal spending, awareness of CIPP's advantages over traditional pipe repair methods, and the emergence of simplified installation methods that significantly reduce labor costs.
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However, the growth of the global cured-in-place-pipe market is hampered by unfavorable factors such as climate change. North America has the largest share of the cured-in-place-pipe market in terms of revenue, while Asia Pacific is expected to register the fastest revenue CAGR over the forecast period due to increasing infrastructural spending in emerging economies like China and India. The saturated polyester resin segment dominates the global market based on raw materials, while the gravity pipeline segment dominates the global market based on end-use. The major companies operating in this market include Aegion Corporation, Ashimori Industry Co. Ltd., CIPP Corporation, IMPREG GmbH, Inland Pipe Rehabilitation, Insituform Technologies Inc., Layne Inliner LLC, LMK Technologies, NordiTube Technologies, Perma-Liner Industries, PMPS Liner Technology, Rainer Kiel Kanalsanierung, Reline UV Group, Saertex MultiCom GmbH, Sekisui Americas SPR, and Trelleborg. These companies have adopted various strategies and objectives to expand their businesses, such as launching their products in new regions, forming collaborations, and investing in new areas such as CASE and MaaS.
Cured-in-place-pipe (CIPP) Market: Drive Factors
The Cured-in-place-pipe (CIPP) market is being driven by several factors, including the growing demand for pipeline rehabilitation and repair services, increasing investment in infrastructure development projects, and the rising awareness about the benefits of CIPP over traditional pipeline repair methods.
CIPP technology offers several advantages such as cost-effectiveness, faster installation, and reduced disruption to traffic and daily operations. These benefits are driving the adoption of CIPP technology in the pipeline rehabilitation and repair industry.
Additionally, governments across the world are investing heavily in infrastructure development projects, including pipeline networks, which is further fueling the growth of the CIPP market.
Moreover, the increasing awareness about the environmental impact of traditional pipeline repair methods is also driving the adoption of CIPP technology, as it is considered to be a more eco-friendly option.
Overall, the Cured-in-place-pipe (CIPP) market is expected to witness significant growth in the coming years, driven by the increasing demand for pipeline rehabilitation and repair services, growing investment in infrastructure development, and rising awareness about the benefits of CIPP technology.
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