According to the recent study the industrial pipe market is projected to reach an estimated $33 billion by 2030 from $26 billion in 2023 at a CAGR of 3.5% from 2023 to 2030. Growth in this market is primarily driven by increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.
Browse 139 figures/charts
and 109 tables in this 261-page report to understand trends, opportunities and
forecast in industrial pipe market by material (steel pipe, ductile iron pipe,
plastic pipe, fiberglass reinforced pipe, and others), end use industry (power
generation, petrochemical, automotive, industrial processing plant, and
others), diameter (small diameter pipe up to 15 inches, medium diameter pipe 15
inches to 30 inches, and large diameter pipe 30 inches and above), pressure
rating (low pressure pipes up to 150 psi, medium pressure pipes 150 psi to 300
psi, and high pressure pipes 300 and above psi), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
the steel pipe is expected to remain the largest material segment over the
forecast period due to increasing demand for steel pipes in power generation
and petrochemical industries. Lucintel predicts that the plastic pipe material
segment will witness the highest growth during the forecast period because of
low cost, light weight and corrosion resistant.
Within the global
Industrial Pipe market, petrochemical will remain the largest end use industry
during the forecast period due to increasing investments in new ventures and
up-gradation of petrochemical facilities. The automotive segment is expected to
witness the highest growth due to increasing automotive production, along with
population, purchasing power, and urbanization rate, all of which increase
growth of the automotive industry, which ultimately increases the demands for
industrial pipes.
APAC is expected to
remain the largest market and witness the highest growth over the forecast
period due to increasing infrastructure development, urbanization and government
economic stimulus measures in this region.
Vallourec SA, TMK Group,
Tenaris SA, China LESSO Group Holdings Limited, ArcelorMittal S.A., Orbia,
Sekisui Chemical Co. Ltd., Advanced Drainage Systems, Inc., Saudi Arabian
Amiantit Company, Northwest Pipe Company, and Future Pipe Industries are the major suppliers in the
industrial pipe market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas,
Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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