The pipe systems that were built years ago for various applications either completed their lifespan or needed a replacement. Old infrastructure of buildings and offices, mostly in government sectors, needs new pipelines as it has surpassed its lifespan or has leakages that have generated plumbing issues. Due to plumbing issues, the commercial work sometimes gets stopped and needs to be restarted as soon as possible. The possible solution for it is to change the pipeline system or reconstruct the whole new building after demolishing the old one.
The global pipe market is expected to reach USD 162,019.88 million by 2029 from USD 112,990.85 million in 2022, growing with a CAGR of 5.3% in the forecast period. Several factors that are expected to boost the pipe market's growth include rising renovations and remodeling activities and increasing usages of pipe for both domestic and commercial applications. In order to fulfill the growing demand for both domestic and commercial applications, some companies are expanding their production capacities and entering into agreements across different regions.
Growing investments in infrastructure and construction activities across the world will drive the market's growth rate
Today, the world is looking for new construction and infrastructures for their new companies and homes. Going with the trends and changing lifestyles to live modern world is now everyone's need. This has changed the whole concept and idea of new infrastructures and construction. New models for infrastructure and construction are generated with various advancements in technology, trends, and innovation. Moreover, the demand for pipes will increase with a consistently growing investment in infrastructure and construction. The government's effort by collecting information across various sectors, making decisions, and signing deals over infrastructure projects will increase demand for pipes. With the changing lifestyles and changed people perception towards the need of new infrastructure and construction is also contributing to the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Steel, Plastics and Concrete Pipe), Pipe Size (Upto ½ Inches, ½ to 1 Inches, 1 to 2 Inches, 2-5 Inches, 5-10 Inches, 10-20 Inches and Above 20 Inches), Application (Building, Infrastructure, Industrial and Agriculture), Distribution Channel (Direct Selling and Retail Selling)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Procter & Gamble (U.S.), L'Oreal S.A. (France), The Estee Lauder Companies Inc. (U.S.), Coty Inc. (U.S.), Shiseido Company, Limited (Japan), Colgate-Palmolive Company (U.S.), Kao Corporation (Japan), Beiersdorf Group (Germany), Unilever (India), Amorepacific (South Korea), Johnson & Johnson Services, Inc. (U.S.), Revlon, Inc. (U.S.), LMVH (U.S.), Oriflame Cosmetics Global SA (Switzerland), Espa (U.K.), Henkel AG & Co. KGaA (Germany), Mary Kay (U.S.), Natura&Co (Brazil), CHANEL (U.K.), and KOSÉ Corporation (Japan) among others.
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Segment Analysis:
The global pipe market is segmented into four notable segments which are based on the product, pipe size, application, and distribution channel.
- On the basis of product, the global pipe market is segmented into steel, plastics, and concrete pipe. In 2022, the plastics segment is expected to dominate with a 51.62% market share as plastics-based pipes are light-weighted and resistant to corrosion, which is expected to boost its demand in the forecast year.
- On the basis of pipe size, the global pipe market is segmented into upto ½ inches, ½ to 1 inches, 1 to 2 inches, 2-5 inches, 5-10 inches, 10-20 inches, and above 20 inches. In 2022, the 2-5 inches segment is expected to dominate in the global pipe market with a 29.57% market share as they are readily used in the agricultural sector, which helps to boost its demand in the forecast year.
- On the basis of application, the global pipe market is segmented into building, infrastructure, industrial, and agriculture. In 2022, the building segment is expected to dominate the global pipe market with a 41.14% market share as it needs a water supply, gas supply, and drainage system, which helps to boost its demand in the forecast year.
The building segment will dominate the application segment of the pipe market
The building segment will emerge as the dominating segment under application segment. This is because of the growing awareness about the availability of raw materials in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of distribution channel, the global pipe market is segmented into direct selling and retail selling. In 2022, the retail selling segment is to dominate the global pipe market with a 66.19% market share. In retail selling, there is greater inventory option and sales potential, which helps boost its demand in the forecast year.
The retail selling segment will dominate the distribution channel segment of the pipe market
The retail selling segment will emerge as the dominating segment under distribution channel with approximately 66% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the buildings and construction industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in pipe market: Procter & Gamble (U.S.), L'Oreal S.A. (France), The Estee Lauder Companies Inc. (U.S.), Coty Inc. (U.S.), Shiseido Company, Limited (Japan), Colgate-Palmolive Company (U.S.), Kao Corporation (Japan), Beiersdorf Group (Germany), Unilever (India), Amorepacific (South Korea), Johnson & Johnson Services, Inc. (U.S.), Revlon, Inc. (U.S.), LMVH (U.S.), Oriflame Cosmetics Global SA (Switzerland), Espa (U.K.), Henkel AG & Co. KGaA (Germany), Mary Kay (U.S.), Natura&Co (Brazil), CHANEL (U.K.), and KOSÉ Corporation (Japan).
Market Development
- In October 2021, CEMEX, S.A.B. de C.V. ("CEMEX") announced that it is supplying Vertua, its groundbreaking lower carbon concrete, for the construction of Warsaw's P180 office building, a sustainable project that prioritizes the environment and wellbeing of its occupants. CEMEX was the first company to introduce carbon-neutral concrete. This development helps the company to increase its reach to more areas
- In March 2021, Netafim, the global leader of precision irrigation solutions and agricultural projects and part of the Orbia community of companies, announced that it has signed a definitive agreement to acquire Dutch turn-key greenhouse project provider Gakon Horticultural Projects. This development helps the company to increase revenue and production capacity
- In July 2020, The AGRU Project Award was presented by their application technology department for technically particularly demanding projects. The winner for 2020 is their partner AGRU Korea Industry Co., Ltd, responsible for acquiring and managing the KALI Project in Kuwait. The world's largest fully pressure-resistant HDPE pipe was installed there. These awards encourage the partners and create a brand image
Regional Analysis
Geographically, the countries covered in the pipe market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in pipe market during the forecast period 2022 - 2029
Asia-Pacific region is predicted to lead the pipe market in 2022 due to increasing expenditures in infrastructure and construction activities that led to restoration and remodelling activities and an increase in the demand for pipes. Due to expanding investments in and construction activity in the Asia-Pacific region, China currently holds a monopoly on the pipe market globally.
North America is estimated to be the fastest growing region in pipe market the forecast period 2022 - 2029
Growing infrastructure and development spending in the United States has been shown to increase demand for pipes in the commercial and residential sectors. Also, end users are using pipe more frequently for household and commercial purposes, which drives up demand. Therefore, North America is projected to score the highest growth rate.
COVID-19 Impact
The COVID-19 pandemic outbreak forced a lockdown and the suspension of several big projects under progress. Because of this, the market for pipes worldwide experienced a reduction in demand. Additionally, import and export activities suffered greatly, which negatively influenced the markets for the businesses that use pipes. Global pipe use has seen a substantial increase in the building sector. The COVID-19 pandemic outbreak, which caused a lockdown and the suspension of several important projects, is to blame. Because of this, the market for pipes worldwide experienced a reduction in demand.
For more detailed information about the pipe on market report, click here – https://www.databridgemarketresearch.com/reports/global-pipe-market
