Thermoplastic Pipe Industry - Regional Synopsis
On the basis of geographical analysis, the thermoplastic pipe market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is predicted to account for largest revenue share by 2037, on the back of rising population, increasing water and energy demand, and the rapid growth of urbanization in the region. According to the International Energy Agency, the overall energy demand in the Southeast Asia has increased by more than 80% since 2000. Every year the electricity demand increases by 6% in the region. Apart from these, robust growth of industrialization in countries, namely China, India and Australia, is also anticipated to expand the region’s market in the near future.
North America Market Analysis
Moreover, the markets in Latin America and the Middle East & Africa are also expected to witness noteworthy growth during the forecast period, which can be credited to the rising investments by major market players in the region.
