Global Pipe Fittings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pipe Fittings Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pipe fitting is the occupation of installing or repairing piping or tubing systems that convey liquid, gas, and occasionally solid materials. This work involves selecting and preparing pipe or tubing, joining it together by various means, and the location and repair of leaks. Pipe fitting has broad application in industries such as residential fitting, water supply, sewage systems, oil & gas, HVAC, manufacturing, agricultural applications, and others.

Market Overview:

The latest research study on the global Pipe Fittings market finds that the global Pipe Fittings market reached a value of USD 27222.78 million in 2022. It’s expected that the market will achieve USD 37958.09 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.

Marketing channel sales will be affected differently

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some pipe fittings enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

Upstream and downstream interactions will lead to disruption of business

The epidemic will have a short-term impact on pipe fittings industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in pipe fittings industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.
Apart from this, the COVID-19 outbreak has resulted in the closing down of several manufacturing facilities across the globe. The pandemic caused huge revenue losses in end-use industry. The coronavirus lockdown put a brake on the production of several key raw materials in the global market, which, in turn, spiked the prices and lowered the demand for the product. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for the pipe fittings market share. In addition, pipe fittings manufacturers are drawing up plans for the international market as a new supply link in the global pipe fittings industry, as companies look to re-engineer supply chains in the aftermath of COVID-19. Also, it is expected that the product demand in end-user sectors could pick up following the uplift of the lockdown in numerous countries.

Increasing demand

With the continuously growing population, the market for construction materials is on high demand. Being a vital requirement, pipe fittings are the prerequisite for housing. Urbanization has led to the increase in drainage requirement with a wide network of connection. In order to cope with advanced piping connection, there is an increased demand for pipe fittings, which in turn, is driving the market growth.
The Pipe fittings market is driven primarily by the factors such as increasing urbanization leading to infrastructure growth, and growing demand towards plastic pipes. Pipe fittings are typically used in laying pipelines that provide means of transport for fluids into and out of the building. Given that efficient Pipe is a critical requirement for all buildings, demand for pipe fittings and fixtures is dependent on the level of construction activity, which in turn is influenced by the overall health of the economy. The level of economic growth and construction activity primarily dictates market prospects for pipe fittings. Rapid urbanization in developing countries will continue to drive growth in the market, since strong urban concentration will trigger increases in infrastructure expenditure, and urban planning. The creation of large megacities involves the construction of high-rise buildings and skyscrapers, which in turn increases prospects for pipe work, thus driving market prospects for pipe fittings.
Moreover, rising use of pipe fittings in mining industries and chemical industries can help the market to grow further. Adoption of steel pipe fittings by various industries can also help the market to rise significantly during the forecast period. Furthermore, increased pipeline projects due to high gas infrastructure demands are majorly driving the pipe fittings market.

High Maintenance Requirements

One of the major constraints due to which the Pipe fittings market is getting hampered is the high maintenance requirement owing to the leakages occurring in the pipes. Leakages in pipes cause high investments by the end users leading to high maintenance as the pipes have their major applications in water distribution & sewage, plumbing, and other applications. The galvanized steel pipes have very short lifespan as compared to the other material pipes such as copper, plastic and others. In addition, rust can build up inside over time especially in pipes with a small diameter along with break loose from the inside walls of the pipe and end up mixing with the water as it flows through and discolors the water as a result. In the metallic pipes lead can leach into the water inside, making it unsafe to drink and the pipes becomes corroded. In addition, in case of galvanized pipes when the galvanization on the outside is compromised, the pipes becomes vulnerable to corrosion in a short amount of time.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

Mueller Industries is one of the major players operating in the Pipe Fittings market, holding a share of 1.66% in 2023.

Mueller Industries

Since 1917, Mueller Industries companies have built a well-earned reputation for providing high-quality products. Through the various operations and brands, we now supply a global audience with a broad offering of products. Mueller Industries supports many different markets, industries, customers, and channels. Mueller Industries’ principal business segments include Piping Systems, Climate Products, and Industrial Metals.

McWane

Founded in 1921, McWane, Inc. is a family owned business based in Birmingham, Alabama. McWane’s divisions focus on the safe, environmentally friendly manufacturing of ductile iron pipe, soil pipe, soil fittings and utility fittings, waterworks valves and fire hydrants, propane and compressed air tanks and fire extinguishers

Segmentation Overview:

As for product types, the Artificial Synthetic Material segment held the largest market share in 2022.

Application Overview:

By application, the Residential Fitting segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Pipe Fittings market covered in Chapter 3:

Benkan
Pipelife International
JCM
Charlotte Pipe
U.S. Metals
Gibson Products
Westbrook Manufacturing
Haida
Hebei hengtai
McWane
Mueller Industries
LASCO Fittings
SEALEXCEL
J&J Alloys
WARD
RITIA
Haihao Group
Alloy Piping Products (APP)
Raccorderie Metalliche SpA
ASC Engineered Solutions
BSL Pipes & Fittings
Capitol Manufacturing
SPEARS
Ezeflow Group
M. S. Fittings Mfg

In Chapter 4 and Chapter 14.2, on the basis of types, the Pipe Fittings market from 2018 to 2029 is primarily split into:

Artificial Synthetic Material
Metallic Materials

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pipe Fittings market from 2018 to 2029 covers:

Residential Fitting
Water Supply
Sewage Systems
Oil & Gas
HVAC
Manufacturing
Agricultural Applications
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)