Pipes Market By Material (Metal, Thermoplastic, Concrete, Thermoset and composite), By Diameter (DN upto 50 mm, DN 51 to 150 mm, DN 151 to 300 mm, DN 301 to 500 mm, DN above 501 mm), By Application (Water and wastewater, Industrial, Oil and gas, Other): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global pipes market size was valued at $1,19,528.9 million in 2020 and is projected to reach $2,09,083.3 million by 2032, registering a CAGR of 4.5% from 2023 to 2032. Furthermore, in terms of volume, the global pipes market was valued at 151.7 million tons in 2020, and is projected to reach 248.1 million tons by 2032, registering a CAGR of 3.9% from 2023 to 2032. Pipes are hollow round cylinders primarily made of plastic, metal, concrete, and composite materials. They are used in various industrial and non-industrial applications for the conveyance of water, gas, steam, petroleum, slurries, and other fluids at elevated or normal temperatures and pressure.
Pipes of different diameters, shapes, and materials are used in buildings for various applications such as plumbing, sewage, electrical conduits, and HVAC systems. Thus, rise in the number of buildings is a major driver for the growth of the pipes market. Moreover, rise in the number of wastewater treatment plants, community water pumps, sewage, gas pipelines, stormwater drainage systems, and various others are also positively impacting the market. In addition, growth in the industrial sector globally, where pipes are widely used to supply chemicals, water, air, steam, and others, is also a major factor driving the pipes market growth. However, high and fluctuating cost of raw materials are major restraints in the growth of the market. Furthermore, advancements in composite material technology and advancements in the manufacturing process of composite materials are anticipated to provide lucrative opportunities for the growth of the pipes market.
Furthermore, the price of oil & gas and the price of raw materials are experiencing increased volatility globally, due to rise in inflation mainly driven by Ukraine–Russia war. This has led to slow-paced growth of the pipes market and its related industries.
The pipes market is segmented on the basis of material, diameter, application, and region. By material, the market is bifurcated into metal, thermoplastic, concrete, and thermoset & composite. Depending on diameter, the market is categorized into DN up to 50 mm, DN 50 to 150 mm, DN 150 to 300 mm, DN 300 to 500 mm, and DN above 500 mm. Depending on application, it is divided into water & wastewater, industrial, oil & gas, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition AnalysisKey companies profiled in the pipes market report include ASTRAL LIMITED, Prince Pipes And Fittings Ltd, ArcelorMittal, JM EAGLE, INC., Nippon Steel Corporation, Tata Steel Limited, Tenaris SA., United States Steel Corporation, Sumitomo Corporation, and Nucor Corporation (Nucor Tubular Products). The major players that operate in the global market have adopted key strategies such as acquisition, business expansion, product launch, and other strategies to strengthen their market outreach and sustain the stiff competition in the market.
Key benefits for stakeholdersThe report provides an extensive analysis of the current and emerging pipes market trends, and historic data.
In-depth pipes market analysis is conducted by constructing market estimations for key market segments between 2020 and 2032.
Extensive analysis of the pipes market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The pipes market revenue and volume forecast analysis from 2023 to 2032 is included in the report.
The key players within the pipes market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the pipes industry.
Key Market SegmentsBy MaterialConcrete
Thermoset and composite
Metal
Thermoplastic
By DiameterDN upto 50 mm
DN 51 to 150 mm
DN 151 to 300 mm
DN 301 to 500 mm
DN above 501 mm
By ApplicationWater and wastewater
Industrial
Oil and gas
Other
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ArcelorMittal
ASTRAL LIMITED
JM EAGLE, INC.
Nippon Steel Corporation
Nucor Corporation (Nucor Tubular Products)
Prince Pipes And Fittings Ltd
Sumitomo Corporation
Tata Steel Limited
Tenaris S.A.
United States Steel Corporation
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