The global pipes market achieved a substantial valuation of US$ 127.2 billion in the year 2021 and is poised to exhibit robust growth with a projected Compound Annual Growth Rate (CAGR) of 5.4%. This trajectory is expected to propel the market beyond the milestone of US$ 225.5 billion by the year 2032. The escalating expansion of the industrial sector stands as a pivotal driver, serving as the bedrock for this upward trajectory. Over the forecast period spanning from 2022 to 2032, the industrial segment is anticipated to command a significant share of more than 25.6%, underlining its influential role.
The escalating demand for rapid-paced developments in the industrial, commercial, and residential construction domains is anticipated to be a pivotal catalyst for the global pipes market. Moreover, the pressing need for effective wastewater management across both industrial and municipal sectors is witnessing a surge, further intensifying market growth. This heightened demand is translating into substantial governmental investments dedicated to new pipeline installations, as well as the efficient operation and maintenance of water and wastewater management systems. Collectively, these trends are shaping the global pipes market landscape, underpinned by factors that fuel both infrastructural development and sustainable resource management.
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Emerging Market Dynamics Fuel Global Pipe Demand Across Diverse Sectors
In an era characterized by rapid industrialization and burgeoning infrastructural development, the global demand for pipes is poised to witness a significant upswing. This surge in demand is propelled by a confluence of factors, including the pronounced growth across diverse industries and the infrastructure evolution in emerging economies.
Residential applications prominently feature plumbing pipes, primarily designated for the crucial transport of potable water and wastewater. Meanwhile, the ambit of piping systems expands considerably within commercial edifices such as hospitals, schools, offices, and retail establishments. These structures house specialized piping networks designed for the conveyance of various fluids, tailored to the unique requirements of each setting.
The industrial domain constitutes another pivotal arena where specific piping needs arise, intricately linked to the distinct nature of manufacturing processes underway. As the global population continues its upward trajectory, the consequential impact on infrastructure development is undeniable. The inexorable expansion of new construction projects, accompanied by ongoing initiatives, accentuates the indispensability of robust piping systems. This symbiotic relationship between population growth and infrastructural demands inherently fuels the surge in pipe requisites.
This robust demand surge reverberates through the market, underpinned by the escalating clamor for new construction extensions and substantial project investments, especially within burgeoning economies. Of note is the commercial segment, poised to seize a substantial share of the market, exhibiting an impressive Compound Annual Growth Rate (CAGR) during the forecast period. The interplay of these factors, harmonizing growth aspirations and pivotal infrastructure needs, charts a compelling trajectory for the global pipes market.
Key Takeaways from Market Study
- By material type, the metal segment is expected to grow at a CAGR of 5.8% during the forecast period.
- By diameter, the metal segment is anticipated to dominate the market of pipes and is further expected to account for about 72.4% of the market share.
- By end-use, the commercial segment is projected create an absolute dollar opportunity worth US$ 32.67 Bn in between the forecast period.
- In terms of region, pipes sales in Europe are estimated to exhibit a CAGR of 4.7% over the forecast period (2022-2032).
Key Companies Profiled:
- Aliaxis Group
- Sekisui Chemical Co. Ltd
- Orbia Advance Corp
- ASTRAL POLYTECHNIK Ltd.
- Geberit AG
- Finolex Industries Ltd.
- Formosa Plastic Corporation
- Nan Ya Plastics Corp.
- Advanced Drainage Systems Incorporated
- Polypipe Group Plc
- AGRU Kunststofftechnik Gesellschaft M.B.H
- FRANK GmbH
- Contech Engineered Solutions LLC
- Wienerberger AG
- Mexichem SAB de CV
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Key Segments Covered:
By Material Type:
- Plastic
- PVC
- cPVC
- PE
- HDPE
- LDPE
- PP
- ABS
- Fiberglass
- Metal
- Composite
By Diameter:
- Plastic
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
- 400-700mm
- Above 700mm
- Metal
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
- 400-700mm
- Above 700mm
- Composite
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
By Sales Channel:
- Residential
- Plastic
- Metal
- Composite
- Commercial
- Plastic
- Metal
- Composite
- Industrial
- Plastic
- Metal
- Composite
- Infrastructure
- Plastic
- Metal
- Composite
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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