·
PE plastic pipes
are gaining traction in the market and might lead the market in the coming
years but cost of these products is very high as compared to other type of
plastic pipes such as PVC.
·
Government
spending on infrastructure has decreased resulting in low demand from the
public sector.
·
Private sector
investments in the country are expected to increase which will increase in demand
for plastic pipes and fittings in the country.
New
Zealand market is at its late growth stage and is highly dependent on the level
of construction, alterations and modification projects being undertaken in the
country.
The
future outlook of New Zealand Plastic Pipes and fitting industry is positive as
the economy of the country is expected to recover from the economic crisis. It
is anticipated that the PE pipes will grow at the fastest pace among all the
types of plastic pipes, due to increase in domains where these types of pipes
are used in the market. The use of PVC pipes is expected to reduce due to
substitution by other types of plastic pipes. The market share of organized
sector manufacturers is expected to decrease in FY’2023 owing to entrance of
many small scale regional players and trading corporations. The domestic
manufacturing is expected to increase as many manufacturers are expected to
increase their capacity utilization with the rise in demand for plastic pipes
in near future. In the case of end user application, Plastic pipes used in oil
and chemical industry along with water supply and sewage pipelines is expected
to increase at fastest pace among other end user applications.
Industrial
growth, commercial growth, public sector spending, private investments are a
few trends that are expected to drive the market in the future.
Analysts
at Ken Research in their latest publication “New Zealand
Plastic Pipe and Fitting Market Outlook to 2023 - By PVC, PE, Others Plastic
Pipes; By End User Application (Plumbing and Civil, Agriculture, Mining and
Industrial, Telecom and Electrical and Others)” believe that reduction of wastage and
spillage while manufacturing and keeping up with advanced technology, tracking
upcoming government and private construction projects, research and development
centre for plastic resins, increase awareness about new types of plastic pipes
will help in maximizing the delivered value from manufacturers to the end
users. Manufacturers should focus on increasing the perceived value of their
products by communicating the long term benefits of their products.
New
Zealand plastic pipe and fittings market is expected to register positive CAGR
of around 5.8% during the period FY’2018-FY’2023 with northern region expected
to gain major share of the market.
Key Topics Covered in the Report:
Marley
Production Plastic Pipes
PE
Pipes Industry New Zealand
Production
PVC Pipes New Zealand
PE
pipes manufacturing New Zealand
Plastic
pipes used in plumbing New Zealand
HDPE
pipes Market New Zealand
Manufacturers
Plastic pipes New Zealand
Organized
Plastic Pipes and Fittings Industry
Manufacturers
HDPE Pipe New Zealand
Plastic
Pipe System Market NZ
Plumbing
Plastic Pipes Industry New Zealand
PVC
O Pipes Market NZ
Plastic
Pipes Suppliers New Zealand
For more information on the research report,
refer to below link:
Related Reports by Ken Research
Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249