According to the recent study the industrial pipe market is projected to reach an estimated $25.7 billion by 2027 from $21.7 billion in 2021, at a CAGR of 2.9% from 2021 to 2027. 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 268 -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).
Download sample report by clicking on below link
https://www.lucintel.com/industrial-pipe-market.aspx
“Steel pipe market is expected to remain
the largest segment during the forecast period.”
Based on material, the
industrial pipe market is segmented into steel pipe, ductile iron pipe, plastic
pipe, fiberglass reinforced pipe, and others. Lucintel forecasts that the steel
pipe market is expected to remain the largest segment 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 industrial pipe market, the petrochemical segment is
expected to remain the largest technology.”
Based on technology the petrochemical
segment is expected to witness the highest growth over 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.
“Asia pacific will dominate the industrial pipe market in near
future.”
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.
Download Brochure of this report by clicking on https://www.lucintel.com/industrial-pipe-market.aspx.
Major players of
industrial pipe market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. 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 among the major industrial pipe providers.
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 click on this link https://www.lucintel.com/industrial-pipe-market.aspx or 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:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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