Water and Wastewater Pipe Market Size, Share, Growth Analysis, By Material(Plastic, Metal), By Application(Agricultural, Industrial) - Industry Forecast 2024-2031

Global water and wastewater pipe market size was valued at USD 31.5 billion in 2022 and is poised to grow from USD 33.55 billion in 2023 to USD 55.52 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).

Water and wastewater pipes play a crucial role in the transportation of clean as well as wastewater from one place to another as they are the basic components of any kind of water system. Increasing focus on water management to supply clean potable water for the rapidly expanding global population is slated to bolster demand for water and wastewater pipes over the coming years. A high focus on sustainability has led to the establishment of several new wastewater treatment plants around the world and this is also estimated to uplift the sales of water and wastewater pipes in the future. Rapidly expanding construction activity and growing investments in infrastructure development around the world are also estimated to augment the demand for water and wastewater pipes going forward.

Rapidly increasing urbanization around the world and the need for effective water management are also estimated to bolster the sales of water and wastewater pipes across the forecast period and beyond. Companies can focus on experimenting manufacturing with different raw materials to overcome the issue of volatile raw material pricing and experience the full growth scope of the marketplace.