The market for plastic pipe, pipe fitting, and unlaminated plastic profile shape manufacturing has seen a significant increase in mergers and acquisitions over the last few years. Such collaborations are mainly aimed to increase product range and distributor network. In January, 2018, Mexichem, a prominent Mexican producer of plastic pipes, acquired Sylvin Technologies Inc, a niche polyvinyl chloride (PVC) compounds manufacturer based in Pennsylvania, USA, for $39 million on a debt free cash free valuation. The acquisition will allow Mexichem to expand its products presence in the USA market and downstream their processes in specialty products.
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Plastics pipe, pipe fitting, and unlaminated plastic profile shape manufacturing companies are heavily investing in the integration of advanced technologies such as robotics, automation and Internet of Things (IoT) to enhance the reliability and reduce costs of the maintenance of plastic pipes.
Unidentified leaks in water distribution systems can lead to water shortages and also cause structural damages to buildings and roads. Therefore, to mitigate this situation robotic systems are now being used to identify cracks and leaks in the water distribution systems and further provide a fast-inexpensive solution, thereby enhancing the durability of plastic pipes and eliminating expensive leak detection systems. For instance, in 2017, researches at MIT developed a new robotic system that could identify tiny leaks with high precision and provide a fast, inexpensive solution for any types of pipes. The device can be inserted into the water system through a fire hydrant and it moves passively with the flow, and logs its position. It detects even small variations in pressure by sensing the pull at the edges of its rubber skirt, which fills the diameter of the pipe. The device is then retrieved using a net through another hydrant, and its data is uploaded. The data can give pipe manufacturers a detail analysis on the type of leak, pressure and flow of the water in the distribution system.
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The plastic pipe, pipe fitting, and unlaminated profile shape manufacturing industry comprises companies that manufacture plastic pipes and pipe fittings, and plastics profile shapes such as rods, tubes and sausage casings. Plastic pipes are normally used for local movement of liquids and gases.
The plastic pipe, pipe fitting, and unlaminated profile shape manufacturing market is a segment of the paper, plastics, rubber, wood and textile machinery manufacturing market.
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