A. Shahar Plumbing Materials Market Ltd. is one of the leading players in the plumbing materials market. Its products include pipes and fittings for cold and hot water distribution. They are vital components of plumbing systems. Top players in the plumbing materials market are focusing on technical developments and increasing efficiency. The company’s financial strength and current development progress can help them in achieving long-term growth patterns. This report examines the key trends in the plumbing materials market.
Residential buildings make up the largest segment of the global plumbing components market. As income levels rise, the number of people in urban areas is rising, thus driving the demand for plumbing fixtures. Rising consumer spending also fuels the development of new construction projects. This in turn is expected to boost the market growth of the plumbing components market. For instance, new housing construction is expected to rise rapidly during the next few years. In addition, the demand for high-end plumbing fixtures is expected to increase as well.
Asia Pacific is the fastest-growing market, expected to expand at a 5.4% CAGR between 2019 and 2025. The growth in Asia is attributed to a large number of new construction projects. As of 2018, over ten thousand construction projects in the region were underway. These projects include hospitals, malls, factories, airports, and trains. The report also includes key market players and their strategies. In addition, it includes an overall analysis of key manufacturers.
Historically, cast iron pipe was a popular option for domestic water systems. However, the dramatic increase in copper price has reduced demand for copper products. Stainless steel and PEX pipes have become popular alternatives. During the twentieth century, copper pipe was widely used in homes. Nowadays, however, its price has forced the industry to switch to other types of pipes. These pipes are now made of durable and corrosion-resistant materials, allowing them to withstand harsh conditions.
Asia-Pacific is projected to hold the largest share in the plumbing materials market between 2016 and 2021. This region offers potential growth opportunities. The developing countries in Asia-Pacific are expected to be the fastest-growing regions in the market. Economic development and the construction of residential buildings are expected to fuel the growth in this region. With an estimated growth rate of 4.4%, the market for plumbing pipes and fittings in Asia-Pacific is expected to continue its upward trend.
The report outlines the competitive landscape for all vendors in the plumbing materials market, and highlights the key players. The study also provides detailed analysis of each vendor’s customer base and revenue generation. It also tracks the key players’ business strategies and competitive developments, including acquisitions, partnerships, and expansions. The study also considers the overall economic climate for the plumbing materials market. It highlights the key market drivers and challenges, as well as the various factors that shape the market.
Plastic pipes and fittings are widely used in the plumbing materials market. Plastic pipes, also known as PBT, are flexible enough to weave through obstacles and are less expensive than other materials. PEX, on the other hand, uses a cross-linked polyethylene system and barbs or crimped steel rings to secure connections. In addition, polytanks are made of linear polyethylene and are available in black and white. This material is also used in drain-waste-vent piping.
