In the dynamic realm of construction and infrastructure, the global pipes market is a conduit of opportunities, having already achieved a substantial valuation of US$ 127.2 billion in 2021. However, the journey continues with a poised trajectory for remarkable growth, driven by projections indicating a robust compound annual growth rate (CAGR) of 5.4%. This growth trajectory is expected to propel the market to an impressive valuation exceeding US$ 225.5 billion by the year 2032.
The driving force behind this surge is the ever-increasing applications of pipes in the industrial sector, set to claim a substantial share of over 25.6% by the conclusion of the forecast period spanning from 2022 to 2032. The catalyst for this remarkable expansion lies in the surging demand for high-speed construction projects spanning industrial, commercial, and residential sectors.
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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
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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