The global pipe market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.3% in the forecast period of 2022 to 2029 and expected to reach USD 162,019.88 million by 2029.
Pipe is a hollow tube shaped structure composed of varying materials such as metals, steel, aluminium, plastics, concrete and others. These are used to provide a covering to the streaming water or liquid substances. Pipes are used for both domestic and commercial purposes. Pipes are available in different diameter sizes and are used by various end user verticals like oil and gas, pharmaceutical, chemicals and petrochemicals, water and wastewater, residential, commercial, HVAC, automotive, food processing and others. Pipes allow easy transportation of liquid substances and their protective layer allows contamination free streamlining of these liquid substances.
Growing investments in infrastructures and construction activities is driving the market growth. Increasing usages of pipe for both domestic and commercial applications is acting as a potential market driver for the market. Also, rising renovations and remodelling activities, increasing the sales and profit of the players operating in the market.
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The major restraint impacting the pipe market is the increasing environmental concerns on disposable pipes. Further, fluctuation in raw material prices will also restraint the market growth. The opportunities for the pipe are the technological advancements for manufacturing of best quality of pipe. Some of the significant drivers associated with the global pipe market are the introduction novel technology-based pipe products.
This pipe market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Pipe Market Share Analysis
Global pipe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Global pipe market.
Some of the major players covered in the report are Aliaxis Group S.A., Pipelife Austria Gmbh & Co KG , Sekisui Chemical Co., Ltd., Wienerberger AG, Plasticos Ferro,S.L.U., Orbia, Advanced Drainage System, Supreme.Co.In., Agru, Northwest Pipe Company, CPM Drainage Group, Xinjiang Guotong Pipeline Co.,Ltd, Thompson Pipe Group., Finolex Industries Ltd., Cemex S.A.B. De C.V., Saudi Arabian Amiantit Co., Forterra Inc., Old Castle Precast Inc., Oka Corporation Bhd., and Nan Ya Plastics Corporation among other local players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Pipe Market Scope and Market Size
Global pipe market is segmented on the basis of product, pipe size, application, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, global pipe market is segmented into steel, plastics and concrete pipe. In 2022, plastics segment is expected to dominate in global pipe market as plastics-based pipes are light-weighted and resistant to corrosion, which helps to boost its demand in the forecast year.
- On the basis of pipe size, global pipe market is segmented into upto ½ inches, ½ to 1 inch, 1 to 2 inches, 2-5 inches, 5-10 inches, 10-20 inches and above 20 inches. In 2022, 2-5 inches plastics-based pipes are expected to dominate in global pipe market as it is readily used in agricultural sector, which helps to boost its demand in the forecast year.
- On the basis of application, global pipe market is segmented into building, infrastructure, industrial and agriculture. In 2022, building is expected to dominate in global pipe market as it needs water supply, gas supply and drainage system, which helps to boost its demand in the forecast year.
- On the basis of distribution channel, global pipe market is segmented into direct selling and retail selling. In 2022, retail selling is expected to dominate in global pipe market as in retail selling there is greater inventory option and greater sales potential, which helps to boost its demand in the forecast year.
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