According to a new market report published by Lucintel,
the future of the global industrial pipe market looks promising with opportunities in power
generation, petrochemical, automotive, and industrial processing. The global industrial
pipe market is expected to reach an estimated $21.7 billion by 2023 with a CAGR
of 2.5% from 2018 to 2023. The major growth drivers for this market are increasing
construction of new pipelines, replacement of aging pipelines, urbanization
rate, and infrastructure development.
In this
market, steel, ductile iron, plastic, and fiberglass
reinforced plastics (FRP) materials are used for pipe manufacturing for various
end use industries. On the basis of
comprehensive research, 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.
Asia Pacific is expected to remain the largest region and witness the highest growth over the
forecast period due to increasing infrastructure development, urbanization and government
economic stimulus measures in this region.
Emerging trends which have a direct impact on
the dynamics of the industry include increasing use of dopeless technology in
pipe manufacturing to reduce operational risk and development of multilayer pipe
to increase strength and durability. Vallourec, TMK, Tenaris, China Lesso, ArcelorMittal, Mexichem, Sekisui
Chemicals, Advanced Drainage System, Amiantit, and Future Pipe are among the
major suppliers of industrial pipes.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global industrial pipe market by end use industry, material,
diameter, and region, and has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Industrial Pipe Market 2018-2023: Trends, Forecast,
and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy by providing comprehensive
data and analysis on trends, key drivers, and directions. The study includes a
forecast for the global industrial pipe market by end use industry, material, diameter, and region,
as follows:
By End Use Industry [Value ($M) from 2012 to 2023]:
· Power
Generation
· Petrochemical
· Automotive
· Industrial
Processing
· Others
By Material [Value
($ Million) and Volume (Thousand Tons) from 2012 to 2023]:
· Steel Pipes
· Ductile Iron
Pipes
· Plastic Pipes
· FRP Pipes
· Other Pipes
By Diameter [Value
($ Million) from 2012 to 2023]:
·
Small Diameter Pipes
·
Medium Diameter Pipes
·
Large Diameter Pipes
By Region [Value
($ Million) from 2012 to 2023]:
· North America
− US
− Canada
− Mexico
· Europe
− United Kingdom
− Germany
· APAC
− China
− Japan
− India
· ROW
− Brazil
− Middle East
This
245-page 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 helpdesk@lucintel.com.
Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT
Analysis.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report addresses the following key
questions:
Q. 1. What are some of the most promising,
high growth opportunities for the global industrial pipe market by end use
industry (power generation, petrochemical, automotive, industrial processing
plant, and others), material (steel, ductile iron, plastic, fiberglass reinforced
(FRP), and others), diameter (small diameter pipes up to 15 inches, medium
diameter pipes from 15 to 30 inches, and large diameter pipes of 30 inches and
above), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which products segments will grow at a
faster pace and why?
Q. 3. Which region will grow at a faster pace
and why?
Q.4. What are the key factors affecting
market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this
market and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the
market and which companies are leading these developments?
Q.9. Who are the major players in this
market? What strategic initiatives are being initiated by key companies for
business growth?
Q.10. What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
product substitution?
Q. 11. What M&A activity has occurred in
the last 5 years?
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