The global pipes market size was valued at $1,19,528.9 million in 2020 and is projected to reach $2,09,083.3 million by 2032, registering a CAGR of 4.5% from 2023 to 2032. Furthermore, in terms of volume, the global pipes market was valued at 151.7 million tons in 2020, and is projected to reach 248.1 million tons by 2032, registering a CAGR of 3.9% from 2023 to 2032. Pipes are hollow round cylinders primarily made of plastic, metal, concrete, and composite materials. They are used in various industrial and non-industrial applications for the conveyance of water, gas, steam, petroleum, slurries, and other fluids at elevated or normal temperatures and pressure.
Pipes of different diameters, shapes, and materials are used in buildings for various applications such as plumbing, sewage, electrical conduits, and HVAC systems. Thus, rise in the number of buildings is a major driver for the growth of the pipes market. Moreover, rise in the number of wastewater treatment plants, community water pumps, sewage, gas pipelines, stormwater drainage systems, and various others are also positively impacting the market. In addition, growth in the industrial sector globally, where pipes are widely used to supply chemicals, water, air, steam, and others, is also a major factor driving the pipes market growth. However, high and fluctuating cost of raw materials are major restraints in the growth of the market. Furthermore, advancements in composite material technology and advancements in the manufacturing process of composite materials are anticipated to provide lucrative opportunities for the growth of the pipes market.
Furthermore, the price of oil & gas and the price of raw materials are experiencing Increased volatility globally, due to rise in inflation mainly driven by Ukraine-Russia war. This has led to slow-paced growth of the pipes market and its related industries.
The pipes market is segmented on the basis of material, diameter, application, and region. By material, the market is bifurcated into metal, thermoplastic, concrete, and thermoset & composite. Depending on diameter, the market is categorized into DN up to 50 mm, DN 50 to 150 mm, DN 150 to 300 mm, DN 300 to 500 mm, and DN above 500 mm. Depending on application, it is divided into water & wastewater, industrial, oil & gas, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In-depth pipes market analysis is conducted by constructing market estimations for key market segments between 2020 and 2032.
Extensive analysis of the pipes market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The pipes market revenue and volume forecast analysis from 2023 to 2032 is Included in the report.
The key players within the pipes market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the pipes industry.
Pipes of different diameters, shapes, and materials are used in buildings for various applications such as plumbing, sewage, electrical conduits, and HVAC systems. Thus, rise in the number of buildings is a major driver for the growth of the pipes market. Moreover, rise in the number of wastewater treatment plants, community water pumps, sewage, gas pipelines, stormwater drainage systems, and various others are also positively impacting the market. In addition, growth in the industrial sector globally, where pipes are widely used to supply chemicals, water, air, steam, and others, is also a major factor driving the pipes market growth. However, high and fluctuating cost of raw materials are major restraints in the growth of the market. Furthermore, advancements in composite material technology and advancements in the manufacturing process of composite materials are anticipated to provide lucrative opportunities for the growth of the pipes market.
Furthermore, the price of oil & gas and the price of raw materials are experiencing Increased volatility globally, due to rise in inflation mainly driven by Ukraine-Russia war. This has led to slow-paced growth of the pipes market and its related industries.
The pipes market is segmented on the basis of material, diameter, application, and region. By material, the market is bifurcated into metal, thermoplastic, concrete, and thermoset & composite. Depending on diameter, the market is categorized into DN up to 50 mm, DN 50 to 150 mm, DN 150 to 300 mm, DN 300 to 500 mm, and DN above 500 mm. Depending on application, it is divided into water & wastewater, industrial, oil & gas, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competition Analysis
Key companies profiled in the pipes market report Include ASTRAL LIMITED, P Ince Pipes And Fittings Ltd, ArcelorMittal, JM EAGLE, Inc., Nippon Steel Corporation, Tata Steel Limited, Tenaris SA., United States Steel Corporation, Sumitomo Corporation, and Nucor Corporation (Nucor Tubular Products). The major players that operate in the global market have adopted key strategies such as acquisition, business expansion, product launch, and other strategies to strengthen their market outreach and sustain the stiff competition in the market.Key benefits for stakeholders
The report provides an extensive analysis of the current and emerging pipes market trends, and historic data.In-depth pipes market analysis is conducted by constructing market estimations for key market segments between 2020 and 2032.
Extensive analysis of the pipes market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The pipes market revenue and volume forecast analysis from 2023 to 2032 is Included in the report.
The key players within the pipes market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the pipes industry.
Key Market Segments
By Material
- Concrete
- Thermoset and composite
- Metal
- Thermoplastic
By Diameter
- DN upto 50 mm
- DN 51 to 150 mm
- DN 151 to 300 mm
- DN 301 to 500 mm
- DN above 501 mm
By Application
- Water and wastewater
- Industrial
- Oil and gas
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ArcelorMittal
- ASTRAL LIMITED
- JM EAGLE, Inc.
- Nippon Steel Corporation
- Nucor Corporation (Nucor Tubular Products)
- P Ince Pipes And Fittings Ltd
- Sumitomo Corporation
- Tata Steel Limited
- Tenaris S.A.
- United States Steel Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PIPES MARKET, BY MATERIAL
CHAPTER 5: PIPES MARKET, BY DIAMETER
CHAPTER 6: PIPES MARKET, BY APPLICATION
CHAPTER 7: PIPES MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Pipes Market,' The pipes market was valued at $119.5 billion in 2020, and is estimated to reach $209.1 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032. Pipes are hollow cylindrical structures, designed to transport liquids, gases, and slurries. They come in various materials, including plastic, metal, concrete, and composites. Plastic pipes are commonly made from Polyvinyl Chloride (PVC), high-density polyethylene (HDPE), and other composite plastics. Metal pipes are constructed using materials such as stainless steel, carbon steel, alloy steel, copper, aluminum, and others.Key factors driving the growth of the pipes market include rise in the number of new buildings, rise in infrastructural development in developing economies, and rise in industrialization in developing economies. The government and private entities use pipes in their various facilities such as wastewater treatment plants, community water pumps, sewage, and various others. For instance, the exponential rise in the global population is leading to increase in volume of sewage generation globally. Thus, countries across the globe, especially developed countries, have established various wastewater treatment facilities; thereby driving the demand for large and small-diameter pipes. Similarly, to address the water shortage problems, countries are upgrading and expanding their water transportation infrastructure. For instance, the Mexico government is upgrading its water infrastructure, to bring water from the central part of the country to the parts facing water shortages. Similarly, other developing economies across the globe, such as India, China, Brazil, South Africa, and others, are investing heavily to upgrade water transportation infrastructure. Furthermore, developing economies are also spending significantly to develop and upgrade their oil and gas pipelines to transport oil and gas across the country in a cost-effective manner. For instance, in July 2022, China started a project to upgrade old municipal gas pipelines in Heilongjiang province for higher safety. Similarly, the government of India has set a target to increase the contribution of gas from 6% in the financial year 2019 to 15% in the financial year 2030 in its total energy consumption. For this, India is expanding its gas pipeline network from 16,905 km in 2019 to 27,000 km by 2030. Such infrastructural developments, which make extensive use of pipes, drive the growth of the pipes market globally.
Moreover, pipes are made with various types of materials, such as cPVC, uPVC, HDPE, stainless steel, iron, copper, and various others. However, with advancements in material technology and advancements in manufacturing processes, new materials are being developed to manufacture pipes. For example, in May 2022, Poppe + Potthoff GmbH, a manufacturer of innovative precision steel tubes, common rails, pipes, precision-turned parts, and couplings, launched a pipe OD6.35ID4 for 700 bar hydrogen applications. This innovative pipe is made using alloyed carbon steel, which has high mechanical properties that further enhanced by the company’s proprietary annealing treatment process. This annealing treatment process allows the pipe to be stronger than a comparable steel pipe with the same thickness. Similarly, in 2020, Baker Hughes and Saudi Aramco formed a joint venture company, namely, Novel Non-Metallic Solutions, to develop composite materials for oil & gas pipelines. Furthermore, multi-layer composite pipes have also been developed in the last decade and are witnessing increased utilization in building services for drinking water and heating & cooling installations under the floor and in walls, owing to their durability and strength. The development of such innovative material helps the manufacturer to find a unique position in the highly saturated pipes market. Therefore, development of new materials is expected to provide growth opportunities for the key players in the market.
The pipes market is segmented on the basis of material, diameter, application, and region. By material, the market is divided into metal, thermoplastic, concrete, and thermoset & composite. Depending upon diameter, the market is categorized into DN up to 50 mm, DN 51 to 150 mm, DN 151 to 300 mm, DN 301 to 500 mm, and DN above 501 mm. On the basis of application, it is divided into water & wastewater, industrial, oil & gas, and others. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major players in the pipes market are provided in the report. Major companies in the report include ASTRAL LIMITED, Prince Pipes And Fittings Ltd., ArcelorMittal, JM EAGLE, INC., Nippon Steel Corporation, Tata Steel Limited, Tenaris SA., United States Steel Corporation, Sumitomo Corporation, and Nucor Corporation (Nucor Tubular Products). Major players to remain competitive adopt development strategies such as product launches, business expansion, acquisitions, expansion, partnerships, and mergers. For instance, in June 2022, Tata Steel collaborated with Welspun Corp Ltd (WCL) to establish the 'framework for and subsequently produce' pipes for the transportation of pure hydrogen and hydrogen blended with natural gas.
Key Market Insights
- By material, the metal segment was the highest revenue contributor to the market and is estimated to reach $1,15,879.0 million by 2032, with a CAGR of 4.2%.
- By diameter, the DN 51 to 150 mm segment dominated the global market. However, the DN 301 to 500 mm segment is expected to be the fastest-growing segment with a CAGR of 5.1% during the forecast period.
- Based on application, the water and wastewater segment was the highest revenue contributor to the market, which is expected to grow at a CAGR of 4.3% during the forecast period.
- Based on region, Asia-Pacific garnered the largest revenue share in 2022, and LAMEA is anticipated to grow at the highest CAGR of 4.8% during the forecast period.
Companies Mentioned
- ArcelorMittal
- ASTRAL LIMITED
- JM EAGLE, INC.
- Nippon Steel Corporation
- Nucor Corporation (Nucor Tubular Products)
- Prince Pipes And Fittings Ltd
- Sumitomo Corporation
- Tata Steel Limited
- Tenaris S.A.
- United States Steel Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | June 2023 |
| Forecast Period | 2020 - 2032 |
| Estimated Market Value ( USD | $ 119528.9 million |
| Forecasted Market Value ( USD | $ 209083.3 million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
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