Dual Containment Pipes Market Projected to Reach USD 5,045.90 Million by 2034, Driven by Demand for Corrosion-Resistant and Safe Piping Solutions | Future Market Insights, Inc. [Yahoo! Fin...
ASAHI KAISEI CRP UNSP/ADR (AHKSY)
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Source: Yahoo! Finance
Growing awareness of leak prevention and asset protection is driving significant investment in these solutions, further boosting market growth across the country. NEWARK, Del, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The global dual containment pipes market is projected to achieve a market value of USD 2,954.00 million in 2024, driven by increasing regulatory pressures and rising demand across key industrial sectors. Forecasts indicate a moderate CAGR of 5.50% through 2034, with the market reaching an estimated value of USD 5,045.90 million by that time. The growth of the dual containment pipes market is largely influenced by stringent environmental regulations and the rapid pace of industrialization. These pipes are critical for preventing hazardous material leakage and ensuring the safety and integrity of various industrial processes, particularly in the oil and gas, water treatment, and chemical industries. Despite these growth drivers, the market faces certain challenges, notably
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