Opportunities for the global industrial pipe market to reach $22 billion by 2026

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 decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow 6%-8% from 2020 to 2026. The major 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.

APAC 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, Orbia Advance Corporation, 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, pressure rating, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Industrial Pipe Market 2021-2026: 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, pressure rating, and region, as follows:

By End Use Industry [Value ($M) and Volume (Thousand Tons) from 2015 to 2026]:

·    Power Generation

·    Petrochemical

·    Automotive

·    Industrial Processing

·    Others                        

By Material [Value ($ Million) and Volume (Thousand Tons) from 2015 to 2026]:             

·    Steel Pipes

·    Ductile Iron Pipes

·    Plastic Pipes

·    FRP Pipes

·    Other Pipes

By Diameter [Value ($ Million) from 2015 to 2026]:

·    Small Diameter Pipes

·    Medium Diameter Pipes

·    Large Diameter Pipes

By Pressure Rating [Value ($ Million) from 2015 to 2026]:

·    Low Pressure Pipes

·    Medium Pressure Pipes

·    High Pressure Pipes

By Region [Value ($ Million) from 2015 to 2026]:

·    North America

−     US

−     Canada

−     Mexico

·    Europe

−     United Kingdom

−     Germany

−     Russia

·    APAC

−     China

−     Japan

−     India

·    ROW

−     Brazil

     −     Middle East

This 246-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, Capital Investment Analysis, Due Diligence and Strategic Growth Consulting.

 

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 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, medium diameter pipes, and large diameter pipes), pressure rating (low pressure pipes, medium pressure pipes, and high pressure pipes), and region (North America, Europe, Asia Pacific,  and the Rest of the World)?

Q.2 Which 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 and 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 taken by key players 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?