Surging Utilization of Pipes Across Domestic and Commercial Applications Bolsters the Demand for Pipe Market

 The increased use of pipes in domestic and commercial applications is expected to be one of the major revenue generators for the global pipe market. There is the surging requirement for pipelines across domestic and commercial applications. 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, which has further generated a huge growing demand for pipes due to their applications from domestic to commercial. Therefore, the global pipe market is estimated to increase rapidly over forecasted period.

Data Bridge Market Research analyses that the Pipe Market is expected to grow at a CAGR of 5.3% in the forecast period of 2021 to 2028 and is expected to reach USD 162,019.88 million by 2028. The high usage of pipe for manufacturing wafer, chip processing, LED, and other optic electronic devices and parts used in the electronics industry. The major applications very pipe has been used are wafer edge grinding, micro die cutting, surface grinding, and silicon bricks sizing.

Key Findings of the Study

  • The pipe market is anticipated to reach a value of USD 162,019.88 million by 2028, with a CAGR of around 5.3 % during the forecast period from 2021 to 2028.
  • Asia Pacific dominated the pipe market in 2021 due to the growing investments in infrastructures and construction activities which resulted in renovations and remodelling activities and the demand for pipes increased.
  • 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 increases it adoption as compared to other segments and thus is expected to boost its demand in the forecast year.
  • The pipe market was adversely affected by COVID-19 outbreak due to the global economic recession led by COVID-19.
  • North America is expected to register lucrative growth over the forecast period as growing investments in infrastructures and construction activities are proven to boost pipes' demand in the industrial and residential sectors.

Commercialized Novel Technology Based Pipe Products are Expected to Bolster the Market's Growth Rate

The manufacturers are constantly introducing new products and innovations in pipe products to promote pipes' high performance and reliability. The novel technology-based pipe products help to improve the lifespan or process of residential or commercial buildings, and it helps to make building strong and efficient. Innovation in pipe products is necessary due to the changing environment and its usability. The trend among players within the market to develop a novel-based pipe product to improve their brand value and help them to change with the trend. This trend is contributing to the growth of commercialized novel technology-based pipe products. The growing demand for pipelines is increasing with the increase in infrastructure in several industries, which are demanding high-quality novel technology-based pipe products. The increasing research and development by leading players to develop compact, energy-efficient, and durable products is expected to boost the market's healthy growth.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2021 to 2028

Base Year

2020

Historic Years

2019 (Customizable to 2018 - 2013)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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),

Countries Covered

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.

Market Players Covered

Aliaxis Group S.A. (Belgium), Pipelife Austria GmbH & CO KG (Austria), SEKISUI CHEMICAL CO., LTD (Japan)., Wienerberger AG (Austria), grupoplasticosferro (Spain), ORBIA (Mexico), ADVANCED DRAINAGE SYSTEMS (U.S.), SUPREME.CO.IN. (India), AGRU (Austria), NORTHWEST PIPE COMPANY (U.S.), FINOLEX INDUSTRIES LTD (India)., CEMEX S.A.B. DE C.V. (Mexico), SAUDI ARABIAN AMIANTIT CO. (Saudi Arabia), Forterra Inc. (New Zealand), Old Castle Infrastructure Inc. (U.S.), OKA CORPORATION BHD (Malaysia) and NAN YA PLASTICS CORPORATION (Taiwan)

Data Points Covered in Report

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.

Segment Analysis:

The pipe market is segmented on the basis of product, pipe size, application, and distribution channel.

  • On the basis of product, the global pipe market is segmented into steel, plastics, and concrete pipe. The plastics segment is expected to dominate with a 51.62% market share.

In 2022, the Plastics Segment is Expected to Dominate with a 51.62% Market Share

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 increases it adoption as compared to other segments and thus is expected to boost its demand in the forecast year. The plastic pipes are largely adopted for various applications such as drinking water, waste water, ultra-pure liquids, slurries, gases, compressed air, chemicals, heating fluid and cooling fluids, foodstuffs, irrigation, plastic pressure pipe systems, and vacuum system applications.

  • On the basis of pipe size, the global pipe market is segmented into upto ½ inches, ½ to 1 inch, 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 the global pipe market with a 29.57% market share as they are readily used in the agricultural sector, which helps boost its demand in the forecast year.
  • On the basis of application, the global pipe market is segmented into building, infrastructure, industrial, and agriculture. The building segment is expected to dominate the global pipe market.

In 2022, the Building Segment is Expected to Dominate the Global Pipe Market with a 41.14% Market Share

In 2022, the building segment is expected to dominate the global pipe market with a 41.14% market share it needs a water supply, gas supply, and drainage system, which helps to boost its demand in the forecast year. For the waste water of the buildings, a proper drainage system is required. Pipes are widely used in buildings because proper usage of appliances protects from numerous diseases and foul odours in buildings.

  • 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. There is greater inventory option and greater sales potential in retail selling, which helps boost its demand in the forecast year.

Major Players

Data Bridge Market Research recognizes the following companies as the major pipe market players in pipe market are Aliaxis Group S.A. (Belgium), Pipelife Austria GmbH & CO KG (Austria), SEKISUI CHEMICAL CO., LTD (Japan)., Wienerberger AG (Austria), ORBIA (Mexico), ADVANCED DRAINAGE SYSTEMS (U.S.), SUPREME.CO.IN. (India), SAUDI ARABIAN AMIANTIT CO. (Saudi Arabia), Forterra Inc. (New Zealand), Old Castle Infrastructure Inc. (U.S.), OKA CORPORATION BHD (Malaysia) and NAN YA PLASTICS CORPORATION (Taiwan).

Market Development

  • In October 2021, CEMEX, S.A.B. de C.V. ("CEMEX") announced that it is supplying Vertua, its groundbreaking lower carbon concrete, to construct 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 2021 - 2028

In 2021, Asia-Pacific dominated the pipe market and will continue to dominate the pipe market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the due to growing investments in infrastructures and construction activities which resulted in renovations and remodelling activities and the demand for pipes increased in this region.

North America is Estimated to be the Fastest Growing Region in Pipe Market the Forecast Period 2021 - 2028

North America is expected to grow during the forecast period due to the growing investments in infrastructures and construction activities is proven to boost the demand of pipes in industrial and residential sector within the region.

COVID-19 Impact Analysis

The emergence of COVID-19 largely impacted the chemicals and materials industry. The global pipe market was also severely affected by the pandemic.

The imposition of various lockdown, social and travel restrictions by government authorities to curb the diseases, led to various challenges for the market. The pipe manufacturing were shut down worldwide, which further led to overall decline in its production. The travel restrctions led to supply chain disruptions (such as supply chain disruptions such as raw material delays or non-arrival, delayed finance flows, and rising absenteeism among production line employees, resulting in lower demand and consumption) which also hampered the market largely. There was decline in workforce and various other operations were halted.

However, with declining COVID-19 cases across the globe, various restrictions will gradually relax and pave the way for market's growth. In the forecast period, the global pipe market is estimated to recover and will grow at a good pace.

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