- Pipes are essential infrastructure components, widely used across water distribution, irrigation, sewage and drainage, oil & gas transportation, and industrial fluid transfer systems
- The market is being bolstered by increasing investments in smart city development, water infrastructure upgrades, and the rising focus on sustainable and energy-efficient materials, such as HDPE, PEX, and composite pipes
- Significant innovations in pipe materials, recyclability, and installation techniques along with the growing need for leak-proof, long-lasting, and maintenance-free pipeline networks are collectively accelerating the growth of the global Pipes market
- North America dominated the global pipes market, accounting for the largest revenue share of 32.89% in 2024, primarily driven by extensive infrastructure development, increasing replacement of aging pipelines, and widespread adoption of advanced piping materials such as HDPE and PEX
- Asia-Pacific pipes market is forecasted to grow at the fastest CAGR of 12.33% from 2025 to 2032, driven by rapid urbanization, industrialization, and increasing investments in infrastructure development across countries such as China, India, and Southeast Asia
- The steel segment dominated the pipes market with the largest market revenue share of 42.5% in 2024, owing to its superior strength, durability, and high-pressure resistance
