The global industrial pipe market is projected to reach $22 billion by 2026, at a CAGR of 6.9% during 2020-2026. The growth of industrial pipe market is driven by increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.
Some of the Key Questions answered in
this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the 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 What are the
business risks and threats to the industrial pipe market?
Q.4 What are some
changing demands of customers in the industrial pipe market?
Q.5 What are the new
developments in the industrial pipe market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this Industrial pipe area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this industrial pipe market?
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.
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Market Segmentation:
Based on material, the industrial
pipe market is segmented into steel, ductile iron, plastic, fiberglass
reinforced (FRP), and others. The steel pipe segment accounted for the largest
share of the market in 2020 due to increasing demand for steel pipes in power
generation and petrochemical industries and plastic pipe is expected to
register the highest CAGR during the forecast period, because of low cost,
light weight and corrosion resistant.
Asia Pacific is expected
to be the largest region with the highest growth over the forecast period due
to increasing infrastructure development, urbanization and government economic
stimulus measures in this region.
Key Players in the Industrial
pipe market are Vallourec, TMK, Tenaris, China Lesso, ArcelorMittal, Orbia
Advance Corporation, Sekisui Chemicals, Advanced Drainage System, Amiantit, and
Future Pipe.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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https://www.lucintel.com/industrial-pipe-market.aspx
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.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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