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

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

Pressure Pipe is a set of pipes which are used to contain fluid at high pressure. Pressure Pipe include Plastic Pipe, Iron Pipe, Steel Pipe, Concrete Pipe, etc widely used in the fields of oil and gas, utility, construction and machinery, etc.

Market Overview:

The latest research study on the global Pressure Pipe market finds that the global Pressure Pipe market reached a value of USD 14419.13 million in 2022. It’s expected that the market will achieve USD 19375.32 million by 2028, exhibiting a CAGR of 5.05% during the forecast period.

The COVID-19 outbreak has a great impact on downstream industry

The outbreak and persistence of the COVID-19 epidemic will undoubtedly have a severe impact on the global oil industry in 2020. The sharp drop and rebound of oil demand have caused drastic fluctuations in global oil product inventories and oil prices.
The International Energy Agency warned that the impact of the epidemic on the energy system will continue for many years. This year, global oil demand will drop by 8%, and Brent oil prices will not reach the level of US$50 per barrel until 2023. If the policies and goals of various countries are implemented smoothly, global energy demand will also return to pre-epidemic levels in early 2023. If the epidemic prolongs and the decline deepens, this point will be postponed to 2025.
The oil and gas industry is one of the main downstream applications of Pressure Pipe. With the outbreak of the epidemic, the oil industry fluctuates sharply, the demand side and the supply side will be more cautious, and related investments have decreased, which will increase the risk of future market fluctuations. Affected by this, the Pressure Pipe market will also fluctuate, and market investment needs to be more cautious.

Pressure Pipe Market Challenges

With the development of the Internet and the rise of e-commerce, Pressure Pipe product prices, product types, and product functions have become more transparent. Before purchasing a Pressure Pipe, consumers can obtain a large amount of information through online channels, and their choices are gradually increasing.
The homogeneity of Pressure Pipe products is serious. When consumers choose products, price becomes an important criterion. Based on the above reasons, low-price competition has gradually become an important means for Pressure Pipe companies to compete for market share. The phenomenon of low-price competition forces more companies to be involved in price wars. In this process, small and medium-sized enterprises with weak financial strength are more likely to be eliminated by the market.
In order to stabilize the market foundation and maintain corporate profit levels, Pressure Pipe companies usually adopt the following measures: Small profits but quick turnover: Directly reduce product prices to increase product price advantages, thereby driving product sales to increase, relying on product sales to ensure corporate profits; reducing labor Cost: Hiring cheap labor and extending labor hours to reduce labor costs; reducing production costs: including reducing raw material costs, reducing production procedures, reducing raw material costs can be achieved by reducing the quality of raw materials, and reducing production procedures can be achieved by reducing product functions.
All of the above methods have drawbacks. Small profits but quick turnover are prone to a vicious circle, and there are requirements for the financial strength and production capacity of enterprises. Currently, labor costs tend to rise, and the reduction of labor costs by companies will affect the stability of employees. The reduction of the cost of raw materials by enterprises will directly lead to the decline of product quality, which is not conducive to the accumulation of product reputation. Therefore, low-price competition has a high degree of damage to enterprises in terms of capital, labor, and word of mouth, which is not conducive to the long-term development of enterprises, and thus affects the healthy and orderly development of the industry.

Region Overview:

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

Company Overview:

Duraline is one of the major players operating in the Pressure Pipe market, holding a share of 3.07% in 2023.

Dura-Line, a leading global manufacturer and distributor, is transforming the structure of communication. Dura-Line provides the essential infrastructure – conduit, FuturePath, cable-in-conduit, and accessories – to make this possible.

WL Plastics is one of the largest manufacturers of High Density Polyethylene (HDPE) pipe in North America. In early 2000, Mark Wason and Steve Burns, two longtime industry managers, founded WL Plastics to serve the water, sewer, mining, and industrial pipe demand in the Rocky Mountain region.

Following three strong years of growth, they constructed a second plant in Cedar City, Utah. WL rapidly expanded through acquisitions and new greenfield plants. In 2016, WL Plastics was acquired by INEOS, a major chemical company, and now has the financial backing and vertical supply integration to support continued growth and service to customers.
Most recently, WL expanded with two new plants in Statesboro, GA and Lubbock, TX. WL currently operates eight state of-the-art manufacturing locations in the U.S. (over 750 million pounds of annual production capacity). WL Plastics is also ISO 9001:2015 certified at all locations along with carrying other certifications (FM, NSF, UL, etc).

Segmentation Overview:

Among different product types, Plastic Pipe segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Oil and Gas segment occupied the biggest share from 2018 to 2022.

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

Wl Plastics
Sandvik
Northern Pipe
Duraline
Aliaxis
Charlotte Pipe and Foundry
Cresline Plastic Pipe Co
Jiaxing JCC Piping
Kubota-Chemix
Ningxia Qinglong Pipes

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

Plastic Pipe
Iron Pipe
Steel Pipe
Concrete Pipe
Others

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

Oil and Gas
Utility
Construction
Machinery
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)