Trenchless Pipe Relining for Aging Infrastructure: Market Dynamics and Outlook
The trenchless pipe relining market was estimated at USD 4.7 billion in 2022 and is likely to grow at a CAGR of 4.7% during 2023-2028 to reach USD 6.3 billion in 2028.
Trenchless pipe relining is a method of repairing damaged or deteriorating pipelines without digging. This method involves injecting a flexible lining material, such as epoxy resin, through an access point into the damaged pipe. The material is then cured in the site using heat or UV light, resulting in the creation of a new, seamless pipe within the old, damaged pipe.