Sprayed In Place Pipe SIPP Technologies Market Insights Video

According to Cognitive Market Research, the global Sprayed In Place Pipe - SIPP market size is USD 718.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 287.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 215.58 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 165.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
• Latin America had a market share for more than 5% of the global revenue with a market size of USD 35.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
• Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 14.37 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
• The the 18-36 inch Pipes category is the dominant segment in the Sprayed In Place Pipe (SIPP) market. This segment represents a significant portion of the market due to the widespread use of medium-sized pipes in various infrastructure applications, such as municipal water and sewer systems, industrial pipelines, and stormwater management.