The Pipes market worldwide was valued at US$ 127.2 billion in 2021 and is anticipated to grow at a CAGR of 5.4% to reach US$ 225.5 billion by 2032. The growth is being supported by increasing industrial application, and by the end of the forecast period, this segment is expected to hold more than 25.6% of the market share (2022-2032).
Global demand for pipes is anticipated to be significantly influenced by infrastructure development in emerging economies as well as significant demand in numerous industries. To convey potable water and wastewater, plumbing pipes are generally employed in residential settings.
Request for a sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-14917
Rising Application of Metal Pipes in Commerical Sector to Push the Sales by 5,553 Mn by 2032
Commercial structures with specialised piping systems for various fluids include hospitals, schools, office buildings, and retail stores. Depending on the sort of manufacturing process being used, industrial plants also have unique pipe requirements.
Global infrastructure is being indirectly shaped by increasing population. Pipes are needed for new and continuing construction, which will increase demand for pipes in the upcoming years.
The market is expanding as a result of rising project expenditure and demand for new build extensions in developing nations. Throughout the projected period, the commercial segment is anticipated to have the biggest share and be expanding at the highest CAGR.
Key Takeaways from Market Study
- By material type, the metal segment is expected to grow at a CAGR of 8% during the forecast period.
- By diameter, the metal segment is anticipated to dominate the market of pipes and is further expected to account for about 4% of the market share.
- By end-use, the commercial segment is projected create an absolute dollar opportunity worth US$ 67 Bn in between the forecast period.
- In terms of region, pipes sales in Europe are estimated to exhibit a CAGR of 7% over the forecast period (2022-2032).
Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-14917
“Increasing residential and commercial infrastructure development coupled with growing construction activities, particularly in developing economies such as India and China will create remunerative growth opportunities for pipes manufacturers.” says a Future Market Insights analyst.
Global Pipes Market Competitive Landscape
Among the industry’s key players are Orbia Advance Corp, ASTRAL POLYTECHNIK Ltd., Geberit AG, Finolex Industries Ltd., Formosa Plastic Corporation, Nan Ya Plastics Corp., Advanced Drainage Systems Incorporated, Polypipe Group Plc, AGRU Kunststofftechnik Gesellschaft M.B.H, FRANK GmbH, Contech Engineered Solutions LLC, Wienerberger AG, Mexichem SAB de CV and others.
Key Segments Covered in Global Pipes Industry Analysis
Global Pipes Market by Material Type:
- Plastic
- PVC
- cPVC
- PE
- HDPE
- LDPE
- PP
- ABS
- Fiberglass
- Metal
- Composite
Global Pipes Market by Diameter:
- Plastic
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
- 400-700mm
- Above 700mm
- Metal
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
- 400-700mm
- Above 700mm
- Composite
- Up to 50mm
- 50-100mm
- 100-200mm
- 200-400mm
Global Pipes Market by Sales Channel:
- Residential
- Plastic
- Metal
- Composite
- Commercial
- Plastic
- Metal
- Composite
- Industrial
- Plastic
- Metal
- Composite
- Infrastructure
- Plastic
- Metal
- Composite
Global Pipes Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East & Africa
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-14917
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com