The global CIPP (Cured-In-Place Pipe Lining)market witnessed significant growth in 2020, with a steady revenue compound annual growth rate (CAGR) expected over the forecast period. The rise in municipal spending to rehabilitate aging public utilities, such as sewage and potable water pipelines, is driving the demand for CIPP technology. The advantages of CIPP over other trenchless technologies, infrastructural development, and rapid urbanization are other factors predicted to fuel market expansion. Cured-in-Place-Pipe Lining (CIPP) is a widely used trenchless technique for rehabilitating damaged pipelines, and urban infrastructure systems are the major demand drivers.
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CIPP (Cured-In-Place Pipe Lining) is a widely used trenchless technique for rehabilitating damaged pipelines, and urban infrastructure systems are the major demand drivers. The shorter duration, cost-effectiveness, and other factors also drive the revenue growth of the CIPP market. Climate change is one of the factors that hinder market growth, but the cost reduction from CIPP repair presents a bright opportunity for players. North America holds the largest share in the CIPP (Cured-In-Place Pipe Lining)market, while Asia Pacific is expected to register the fastest revenue CAGR over the forecast period. The saturated polyester resin segment dominates the market based on raw material, while the upstream access point segment dominates based on the process, and the gravity pipeline segment leads in terms of end-use. Several major companies, such as Aegion Corporation and Trelleborg, are profiled in the report, with some announcing strategies and objectives in the CIPP market.
Cured-in-place-pipe (CIPP) market: Notable Innovation
The Cured-in-Place-Pipe Lining (CIPP)market has seen notable innovation in recent years. One such innovation is the development of ultraviolet (UV) curing technology, which has revolutionized the CIPP industry by reducing the curing time and increasing efficiency. Another notable innovation is the development of liner materials that are more durable, corrosion-resistant, and environmentally friendly. These advancements in product development have made CIPP (Cured-In-Place Pipe Lining) technology more attractive to municipalities and other organizations looking for cost-effective and sustainable solutions for rehabilitating aging sewer and water infrastructure.
Cured-in-place-pipe (CIPP) market: Drive Factors
The Cured-in-Place-Pipe Lining (CIPP)market is driven by several factors, including the increasing demand for trenchless pipeline repair and rehabilitation solutions, the aging infrastructure in many regions, and the cost-effectiveness of CIPP compared to traditional pipe replacement methods.
CIPP technology allows for the repair of existing pipelines without the need for excavation, which can greatly reduce the costs and disruptions associated with traditional pipe replacement methods. This has led to a growing demand for CIPP solutions in both residential and commercial applications.
In addition, many regions around the world are facing the challenge of aging infrastructure, including pipelines that are in need of repair or replacement. CIPP technology offers a cost-effective solution for rehabilitating aging pipelines and extending their useful life.
Overall, the Cured-in-Place-Pipe Lining (CIPP) market is expected to continue to grow as more industries and municipalities recognize the benefits of this technology for pipeline repair and rehabilitation.
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