Detroit, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The global cured-in-place pipe (CIPP) market is projected to witness a growth rate of 4.9% annually from 2024 to 2030, with an anticipated size of US$ 3.8 billion by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global cured-in-place pipe (CIPP) market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Report Highlights
| Market Size in 2030 (billion US$) | 3.8 |
| Growth (CAGR) | 4.9% during 2024-2030 |
| Forecast Period | 2024-2030 |
| Trend Period | 2018-2022 |
| Base Year | 2023 |
| Number of Segments Covered | 7 |
| Number of Tables & Graphs | 100+ |
| Country-Level Market Assessment | 20 |
Segment Insights on the Cured-in-Place Pipe (CIPP) Market:
The global cured-in-place pipe (CIPP) market is segmented based on pipe diameter type, resin type, fabric type, weaving type, curing type, coating type, and region.
Based on pipe diameter type - We have segmented the CIPP market based on pipe diameter as <1 Foot, 1-2.5 Feet, 2.5-5.0 Feet, and >5.0 Feet. <1-foot diameter pipe is likely to remain the largest and fastest-growing diameter type during the forecast period. The large demand for CIPP in the <1-foot diameter pipe is mainly attributed to the large installed base for sewer and potable water applications across regions. An 8” diameter pipe is a standard size and has been one of the largest used pipelines across the world.
Based on the resin type - Based on the resin type, the market is classified as polyester resin-based CIPP, vinyl ester resin-based CIPP, and epoxy resin-based CIPP. Polyester resin-based CIPP is expected to remain the dominant resin, whereas epoxy resin-based CIPP is expected to be the fastest-growing resin in the foreseen future. Polyester resins-based CIPP are predominantly used in sewer and stormwater pipe rehabilitation, owing to their high flexural modulus, low tensile elongation, and good chemical resistance. Further, lower costs as compared to vinyl ester and epoxy resins elevate its demand. Epoxy resin does not have HAPs (hazardous air pollutants) or cause fewer VOCs (volatile organic compounds) emissions and is one of the eco-friendly choices for CIPP. Epoxy resin-based CIPP is mostly used for the rehabilitation of potable water pipelines as it’s the only resin that meets the NSF/ANSI 61 potable water requirements.
Based on the curing type - The market is segmented into hot water curing, steam curing, and UV curing. Steam curing continues to rule the market with the largest share among all curing types. UV curing is anticipated to mark the highest growth during 2024-2030. Steam curing enables less curing time and results in stronger finished products. The overall curing time of the steam process is lower than that of the hot water curing time as the transfer of heat in the steam process is faster as compared to hot water. The setup of a steam cure system is also quicker than a hot water cure system, and it does not require large-scale water on the job site as in the case of hot water curing. UV liners do not need refrigeration; hence, they can be delivered directly to the job site in advance. They are 3 to 5 times stronger than conventional felt CIPP liners, contribute towards reducing emissions, and are not temperature-sensitive.
Based on the fabric type - Based on the fabric type, the market is segmented into polyester fabric, glass fabric, and other fabrics. Polyester felt is likely to remain the most preferred fabric, whereas glass fabric is expected to be the fastest-growing fabric in the market during the forecast period. Polyester fabric exceeds the desired tensile strength and meets the ASTM D461 standard at a very competitive price compared to other fabrics. It is considered a superior fabric for optimum resin carriage coupled with high surface tension. Glass fabric is the preferred choice for CIPP where curing is done through UV. The main reason for using glass fabric liners with UV curing instead of water or steam-cured felt liners is that felt curing generates by-products that negatively affect the environment.
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