Malaysia ABS Pipes Market Expected to Reach $46 Million by 2025 | CAGR 7.8%

As per new report published by Progressive Markets, Malaysia ABS Pipes Market was valued at $25 million in 2017, and is projected to reach $46 million by 2025, growing at a CAGR of 7.8% from 2018 to 2025


Pune, Sept. 19, 2018 (GLOBE NEWSWIRE) -- According to a new report published by PMR, titled, "Malaysia ABS Pipes Market by End User and Region: Opportunity Analysis and Industry Forecast, 2018-2025, the global Malaysia ABS pipes market was valued at $25 million in 2017, and is projected to reach $46 million by 2025, growing at a CAGR of 7.8% from 2018 to 2025. The residential segment accounted for more than three-fifth of the market share of the Malaysia ABS pipes for water supply market in 2017.

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ABS pipes are made of acrylonitrile butadiene styrene, which is a thermoplastic polymer resin. These pipes are largely used in sewer systems and in electrical insulations, owing to their high impact strength, which makes them more resistant to shocks and chemical resistance, particularly in the industrial end-user segment. However, low flexibility of ABS pipes and high possibility of deformation under sunlight, owing to ultraviolet (UV) radiations, have hampered the market growth of ABS pipes in the Malaysian region.

Based on end user, the market is bifurcated into residential, commercial, and industrial. The residential segment is projected to be the most lucrative segment from 2017 to 2025, owing to increase in construction activities in the Malaysian region. This is attributed to rise in need for rapid development of infrastructure.

Region-wise, the market is studied across the northern region, central region, southern region, east coast, and Sabah & Sarwak. The central region is anticipated to grow at a significant rate from 2017 to 2025, owing to increase in replacement of older water pipe networks. Malaysia reportedly has 44,000 km of old water pipes, which are made from asbestos cement, leading to massive water loss from leaks. A proposal has been put forth to invest RM500 million a year for the repair of pipes to reduce the nonrevenue water (NRW) rate from 35% in 2017 to 25% by 2025.

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Key Findings of the Malaysia ABS Pipes Market:

  • The residential segment is expected to grow at a significant CAGR of 8.0%, in terms of value, from 2018 to 2025.
  • The industrial segment is projected to grow at a CAGR of 7.8%, in terms of value.
  • The central region in Malaysia is expected to grow at the highest CAGR of 8.5%, in terms of value.
  • The southern region market for ABS pipes is anticipated grow at the CAGR of 8.0% from 2018 to 2025.

In 2017, the northern and central regions collectively accounted for a share of more than half of the Malaysia ABS pipe industry, in terms of value. The northern and central regions witness the highest ABS pipe consumption, owing to development of the construction sector in these regions. Furthermore, public sector construction projects were dominated by private sector construction projects by a large margin.

The report provides an extensive competitive analysis and profiles of key market players such as Bina Plastic, Resintech Berhad, George Fischer, Euratech, Azeeta Pipes, Jeffery Consolidated Industries, Cipli Industries, Unijoint Industries, Tarimas Jaya Sdn Bhd., and Waterman Plastics. The other players in the value chain (not included in the report) include SIA THAI YEW Hardware Trading Sdn Bhd., Greenland Plastic Industries (M) Sdn Bhd., and KENYIN HARDWARE SDN BHD.