Report : South America 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 SAM Pipe Relining Market during 2021–2028
According to a new market research study on “SAM Pipe Relining Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Solution Type and End User” is expected to reach US$ 414.63 million by 2028 from US$ 330.31 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the SAM pipe relining market along with the drivers and restraints pertaining to the market growth. Greater value over traditional pipe restoration methods is the major factor driving the growth of the SAM pipe relining market. However, issues associated with the lack of awareness regarding trenchless pipe relining hinder the growth of SAM pipe relining market.
The SAM 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 SAM pipe relining market is classified into the Brazil, Argentina, and Rest of SAM.
Aegion Corporation; Nu Flow Corporate; Perma-Liner Industries LLC; Pipe Restoration Solutions; and Roto-Rooter are among the leading companies in the SAM 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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