Report : Asia Pacific Pipe Relining Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Solution Type (Cured-in-Place, Pull-in-Place, Pipe Bursting, and Internal Pipe Coating) and End User (Oil & Gas, Chemicals, Municipal, and Others)
Oil & Gas Segment to Dominate APAC Pipe Relining Market during 2021–2028
According to a new market research study on “APAC Pipe Relining Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Solution Type and End User” is expected to reach US$ 2,033.55 million by 2028 from US$ 1,415.37 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The report provides trends prevailing in the APAC pipe relining market along with the drivers and restraints pertaining to the market growth. Burgeoning government investments in the wastewater management and up gradation of sewage infrastructure is the major factor driving the growth of the APAC pipe relining market. However, issues associated with the lack of awareness regarding trenchless pipe relining hinder the growth of APAC pipe relining market.
The APAC pipe relining market is segmented based on solution type, end user and country. Based on the solution type, the solutions considered are cured-in-place pipe, pull-in-place, pipe bursting, and internal pipe coating. The cured-in-place pipe segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Moreover, the cured-in-place pipe is further bifurcated into liner or longer repairs and patch or spot repair. Whereas, by end user, the market is broadly divided into oil & gas, chemical, municipal, and others. The oil & gas segment dominated the market in 2020 and chemical segment is expected to be the fastest growing during the forecast period. Based on country, the APAC pipe relining market is classified into the China, Japan, India, Australia, South Korea, and Rest of APAC.
Aegion Corporation; Nu Flow Corporate; Perma-Liner Industries LLC; Pipe Restoration Solutions; and Roto-Rooter are among the leading companies in the APAC pipe relining market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Aegion Corporation declared that its subsidiary, Insituform Technologies, LLC, has been granted a $9.3 million contract from the Metro Wastewater Reclamation District (MWRD) in Denver, Colorado to rehabilitate more than 14,000 feet of 8- to 90-inch diameter wastewater pipelines. Insituform expects to begin the work in September 2020 and complete the project within twelve months.
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