Southeast Asia Pipes Market size is expected to reach USD 24.8 billion by 2028
Southeast Asia Pipes Industry Overview The Southeast Asia pipes market size was estimated at USD 19.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.3 % from 2020 to 2028. Growth in the infrastructure development in the region spurred by FDI inflow due to the “China plus one” policy adopted by major downstream companies is expected to drive the demand for pipes in the region, which is further expected to drive market growth. Stringent covid restrictions imposed in key economies such as Indonesia, Malaysia, the Philippines, and Thailand resulted in the temporary closure of many non-essential industries and construction sites. In addition, the construction sector witnessed a downfall in several countries, leading to a decline in demand for pipes in key construction applications, thereby limiting the industry growth. Gather more insights about the market drivers, restrains and growth of the Southeast Asia Pipes Mar...