The global pipes market is valued at a substantial USD 146.38 billion valuation by 2024. The projected growth trajectory is expected to be exceptionally strong, with a compound annual growth rate (CAGR) of 5.01%. By 2034, this trajectory is expected to propel the market to a remarkable valuation that will surpass USD 238.67 billion.
The industrial sector, where pipes are being used more and more, is expected to account for a significant portion of this growth—more than 25.6%—by the end of the forecast period, which runs from 2024 to 2034. The driving force behind this significant growth is the growing need for quick-build projects in the commercial, residential, and industrial domains. The way the market has changed indicates how important it has been in forming the infrastructure scene on global scale.
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 accounted to hold a market share of 67.73% in 2024.
- By diameter, the 100 to 200 mm in the metal segment is anticipated to hold a market share of 14.56% in 2024.
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
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
Access Report Details for More In-Depth Information:
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.
About Future Market Insights (FMI)
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