NEWARK, Del, June 07, 2022 (GLOBE NEWSWIRE) — During the forecast period 2022-2032, the global pipe market is expected to grow at a CAGR of 5.4% achieve a valuation of $225.5 Bn by the end of 2032. The pipe has applications in waste water lines (DWV), sewers, water lines, water service lines, irrigation, conduits and various industrial facilities.
The large demand for pipes in various industries and the development of infrastructure in emerging economies is expected to drive the demand for pipes in the global market. The use of plumbing pipes in residential applications is primarily for the transportation of potable water and sewage.
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Growing application of metal pipes in Commercial Sector to increase sales by 5,553 min by 2032
Commercial buildings such as hospitals, schools, office buildings, and retail stores often have specialized piping systems for different types of fluids. Industrial plants also have their own specific piping needs depending on the type of manufacturing process taking place.
The increase in population indirectly shapes the infrastructure across the world. New and ongoing constructions require a piping system, which in turn is expected to drive the demand for pipes over the next few years.
The market is growing owing to the growing demand for new construction extensions and project investments in developing countries. Commercial segment is expected to hold the largest share and is expected to grow at the highest CAGR during the forecast period.
Key insights from market research
- By material type, the metals segment is expected to grow at a CAGR of 5.8% during the forecast period.
- By diameter, the metals segment is expected to dominate the pipe market and is further expected to account for approximately 72.4% of market share.
- By end use, the business segment is expected to create an absolute dollar opportunity worth US$ 32.67 Bn enters the forecast period.
- In terms of region, pipe sales in Europe are estimated to have a CAGR of 4.7% over the forecast period (2022-2032).
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“The increase in residential and commercial infrastructure development, coupled with growing construction activities, especially in developing economies such as India and China, will create remunerative growth opportunities for pipe manufacturers..” says an analyst from Future Market Insights.
Key segments covered in the analysis of the global pipe industry
Global Pipes Market by Material Type:
Global pipe market by diameter:
Global Hoses Market by Sales Channel:
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
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Competitive landscape of the global pipe market
Major industry players include 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 MBH, FRANK GmbH , Contech Engineered Solutions LLC, Wienerberger AG, Mexichem SAB de CV and others
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The research report analyzes the trend of the market demand for global tubes between 2022 and 2032. Comprehensive analysis is provided in the global tubes market report based on the impact of COVID-19, macroeconomic factors, market trends and market context. According to Future Market Insights research scope, the global Pipes market report is studied and analyzed into the following segments such as by Material Type, Diameter, End-Use, and Regions. The report on the global pipe market gives us qualitative and quantitative insights about the businesses.
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