In the present era, with the growing population and industrialization, the market of pipes and valves is growing rapidly as the ABS (Acrylonitrile butadiene styrene) is used in the pipe because they are resistant to abrasion and non-toxic. The usage of ABS is significant in pipes and makes the pipes resistant to most acid, salts, and alkalis. The usage of ABS pipes can be done above or below the ground but these pipes are more likely to disfigure when exposed to the sun. According to the report analysis, ‘Plastic Pipe Market Research Reports’ states that the ABS pipes are easily installed than the PVC pipes as PVC are more flexible by the addition of plasticizers. Moreover, the strength of ABS pipes is very much high than the PVC, more significantly at lower temperatures.
Furthermore, with the growing urbanization in the developing countries will lead to positive growth in the pipe and valve industry. The ABS pipes are the most important good in terms of earning as this pipe is commonly used in the insulation of electric wires at a very reasonable cost. According to the report analysis, ‘Pipe And Valve Industry’ suggests that with the significant increase in the disposable income and huge industrialization in the economy the usage of ABS pipe is going to increase more significantly and further lead to market growth of the pipe and valve.
In addition, the government of emerging economies is also proving their potential with lots of efforts on the rural water management which significantly grow the demand of the ABS pipes as these pipes are very much effective in the drain-waste-vent and sewer pipes. The developed countries have dominated the share of ABS pipes in the pipe and valve market more significantly whereas, the developing countries are also proving themselves to be very much effective region in the pipe and valve market.
It is expected that with a significant increase in the urbanization in the Asia Pacific region the market of pipe and valve will grow more effectively. Not only has this, but the North America region is also anticipated that this region accounted highest share in the pipe and valve market across the globe followed by Europe and Middle East Africa. With the numerous players across the globe in the pipe and valve industry, the industry will become more competitive and effective for both consumer and investors. Therefore, it is expected that in the near future, the ABS pipe in the pipe and valve market will lead a prominent growth over the decades with the effective usage of these pipes.
Ankur Gupta, Head Marketing & Communications