Plastic pipes and fittings are in high demand due to the need for infrastructure, housing and real estate, sanitization, and the provision of drinking water. The market is currently in its expansion stage. Local manufacturers of pipes dominate the market, with foreign rivals gaining ground through joint ventures and acquisitions. Due to demand from government initiatives, businesses have been pushed to consistently grow their manufacturing capacity. PVC pipes were seen to predominate the market due to the inexpensive cost of readily available local raw materials, whilst HDPE pipes' average price was driven up by raw material imports, which had an impact on their demand.
With prospects in water and wastewater, agriculture, chemicals, and the protection of electrical and telecommunication cable, the future of the plastic pipe market is bright. The government's significant investments in infrastructure and the growth of the residential sector are predicted to push the pipes and fittings market in Indonesia in the forecast period. Additionally, as the economy becomes more sophisticated, there will be a rise in consumer demand for better sanitation facilities, such as better sewerage drains and safe drinking water, as well as demand from industrial end-users and a potential transition toward PE pipe. Growing residential and non-residential construction activity, the replacement of outdated pipelines, and rising public awareness of the appealing qualities of plastic pipes are the main development drivers for this industry.
The market for polymers has been affected by COVID-19, and prices are predicted to drop as a result of a balanced-to-long supply. Due to poor quarterly results in prior years and near-term demand worries surrounding the emergence of the new coronavirus's Omicron strain, the stocks of listed plastic pipe makers may be under pressure. Falling prices for polyvinyl chloride (PVC) resins, a key component in plastic pipes, could have an incrementally negative impact. The demand for PVC should return to its pre-COVID-19 level as a result of the logistical and lockdown relaxation. Additionally, it is anticipated that COVIV-19's use of PVC in medical equipment and instruments will increase demand for and use of PVC.
Indonesia Plastic Pipes and Fittings Market Key Players:
The study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Avian Power, Extrulindo Raya Abadi, Indopipe, Jayaabadi Semarang, Langengg Makmur, Lestari Putra Sentosa, Maspion Kencana, Mk Elextric Indonesia, Pipaku, Pluit Makmur Lestari, Pralon, Sapta Kencana Wungu, Tjakrindo Mas Plastic Industry, Unilon, United Rope & Line Industry, Vinilon Group, Wahana Jaya Rucika, Westpex.
Indonesia Plastic Pipes and Fittings Market Segmentation:
By Type of Pipes: Based on the Type of Pipes, Indonesia Plastic Pipes and Fittings Market is segmented as; ABS, PVDF, PPR, PE (HDPE, LDPE, MDPE), PVC (CPVC, PVC-O, uPVC).
By Nature of PVC Market: Based on the Nature of PVC Market, Indonesia Plastic Pipes and Fittings Market is segmented as; Organized, Unorganized.
By End User: Based on the End User, Indonesia Plastic Pipes and Fittings Market is segmented as; Cable Protection Conduits, Industries and Mining, Sewage, Telecommunications, Water and Irrigation, Others.
By Region: Due to significant government investments in infrastructure and the growth of the residential sector, the market for pipes and fittings in Indonesia is predicted to expand. In addition, as the economy becomes more sophisticated, there will be an increase in demand from consumers for better sanitary amenities, such as better sewerage drains and safe drinking water, as well as from industrial end-users, and PE piping will become more popular. This report also provides the data for key regional segments of Bali, Banten, Central Java, DKI Jakarta, East Java, North Sumatra, West Java, Yogyakarta, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.