The report titled, “Philippines
Plastic Pipes and Fittings Market Outlook to 2022- By UPVC, CPVC, PE, PPR and
Other Plastic Pipes; By End User Application (Irrigation, Sewerage, Electrical/
Communication Conduit, Potable Water and Fuel Gas and Others)”, by Ken Research believes
that a large number of companies will start entering the market in both
organized and unorganized sectors, and they will contribute to the rising
production capacity of Plastic pipes and fittings to meet the increase in
demand. The projects that have been
undertaken to improve the sewage and drainage conditions and potable water
management system of the country are expected to contribute to the rise in
demand for Plastic pipes and fittings in the Philippines.
Increase in Investment by Government:
Projects like Malitubog-Maridagao
Irrigation Project, Lower Agno River Irrigation Project System, and Philippine
Rural Development Project involve heavy investment by Government and are
expected to significantly contribute to the rise in demand for Plastic pipes
and fittings in the Philippines.
Improvement in Irrigation Systems: The Government has increased its attention on improving
irrigation systems of agricultural lands throughout the country. Since these
systems mainly use Plastic pipes and fittings, demand for Plastic pipes is
expected to grow in the forecasted years.
Increase in Investment in Residential Sector: There will be an increase in public and private investment
in the residential sector, catapulted by an ever increasing urban population
and rising disposable income. The only concern is the rising interest rates and
inflation in the country that can halt the growth somewhat.
With
demand expected to shoot up in the coming years, manufacturers would look to
increase their production capacity to increase the supply in order to cater to
the rise in demand. Additionally, as a larger number of companies started
entering the market in both organized and unorganized sectors, they will
contribute to the rising production capacity of Plastic pipes and fittings.
Recently, President
Duerte launched P8 trillion “Build, Build, Build” infrastructure plan which
will generate significant volumes of construction activities by the year 2022.
The program is comprised of 75 flagship projects – 6 airports, 9 railways, 3
bus rapid transits, 32 roads and bridges, 4 seaports that will significantly
increase the demand for plastic pipes and fittings for construction and
manufacturing purposes in Philippines. The construction industry of Philippines
is expected to grow from USD 34 billion in 2016 to USD 54.3 billion by the year
2022.
Key
Segments Covered
By
Type of Pipe
·
UPVC
·
PE
·
CPVC
·
PPR
By
Quality of Pipe
·
Low
·
Medium
·
High
By
Type of End User Application
·
Industrial and Irrigation
·
Sewerage and Drainage Systems
·
Electrical and Communication Wire Conduit
·
Potable Water Application
·
Fuel Gas Line and Others
Major Companies Covered:
·
Neltex Development Co Inc
·
Moldex Products Inc
·
Atlanta Industries Inc
·
Emerald Vinyl Corporation
·
Crown Asia Chemicals Corporation
·
Alasco Vinyl Corporation
·
GF Piping Systems
·
Tanay Industries Corporation
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