Global Pipe Market – Industry Trends and Forecast to 2031

Pipe Market Analysis and Size

In the pipe market, technological advancements have revolutionized production methods, resulting in superior quality and efficiency. This progress benefits manufacturers and consumers, offering cost-effective solutions and durable products. With innovation driving the piping industry forward, the pipe market experiences heightened competitiveness and increased demand for sustainable solutions, promising a brighter future for infrastructure development worldwide.

The global pipe market size was valued at USD 118.84 billion in 2023, is projected to reach USD 179.64 billion by 2031, with a CAGR of 5.30% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

A pipe is a form of conduit used in various contexts, typically for transporting fluids or gases from one place to another. In computing, it acts as an inter-process communication mechanism, enabling seamless data transfer between programs. It enables sequential processing of data by connecting the output of one process directly to the input of another.

Pipe Market Dynamics

Drivers

• Increasing Infrastructure Development

Demand for pipes is intricately linked to infrastructure projects such as roads, bridges, and buildings, propelled by rapid urbanization. As cities expand, the necessity for pipelines surges, facilitating essential services such as water supply, sewage systems, and drainage. For instance, growing urban areas in developing countries require extensive pipe networks to meet the demands of growing populations and modernize their infrastructure.

• Rising Oil and Gas Exploration and Production

The oil and gas sector heavily relies on pipes to transport crude oil, natural gas, and refined products. Exploration and production initiatives drive the demand for pipes, along with investments in pipeline infrastructure for storage, transportation, and distribution. For instance, the construction of new pipelines such as the Keystone XL Pipeline in North America directly impacts the demand for steel pipes in the market.

Opportunities

• Growing Water Management and Conservation

Increasing awareness of water scarcity and the need for efficient water management drive the demand for pipes used in water supply, irrigation, and wastewater treatment systems. Governments and municipalities invest in upgrading and expanding water infrastructure to meet growing demand and address aging systems. For instance, California's Sustainable Groundwater Management Act drives investments in irrigation systems, necessitating pipes for efficient water distribution. Such initiatives worldwide prioritize water conservation, spurring the adoption of modern piping solutions for sustainable water management.

• Increasing Energy Infrastructure Expansion

The growth of energy infrastructure, including pipelines for natural gas and renewable sources such as geothermal and solar thermal, boosts demand for pipes. Government policies favouring clean energy are speeding up the adoption of trending piped technologies. For instance, initiatives incentivizing the installation of solar thermal systems drive up the need for specialized pipes, supporting both environmental goals and economic development in the energy sector.

 Restraints/Challenges

• Fluctuating Raw Material Prices

Fluctuating raw material prices, particularly for steel, plastics, and alloys, pose a significant challenge to the pipe market by impacting production costs and profit margins. Consequently, uncertainties in material costs impede the industry's ability to forecast effectively, potentially constraining investment and growth prospects. Adaptation to these market dynamics becomes imperative for sustained resilience and competitiveness within the sector.

• Lack of Skilled Labour

The aging workforce in specific regions compounds the skills gap, requiring significant investments in training and talent development to sustain productivity and industry growth. The scarcity of skilled labor, notably for specialized tasks such as welding and pipe fitting, presents a substantial challenge to the pipe market, emphasizing the urgent need for targeted initiatives to address this critical issue and ensure future viability.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping pipes industries, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2021, ArcelorMittal finalized the acquisition of the remaining 66% shares of Condesa Tubos, bolstering its position in Europe's welded steel tubes and profiles market. This move solidifies Condesa Tubos as a wholly-owned subsidiary of ArcelorMittal, consolidating its leadership in the industry
• In 2021, CEMEX introduced Vertua, its innovative lower-carbon concrete, for Warsaw’s P180 office building. This sustainable initiative prioritizes environmental and occupant well-being, showcasing CEMEX's commitment to reducing carbon footprint and expanding its market presence with eco-friendly solutions
• In 2021, Netafim signed a definitive agreement to acquire Gakon Horticultural Projects, a Dutch turn-key greenhouse provider. This strategic move aims to enhance revenue and production capacity, aligning with Netafim's growth strategy in agricultural projects and reinforcing its position as a global leader in precision irrigation solutions
• In 2020, Prince Pipes & Fittings Ltd. launched ‘Cablefit’, a cable ducting pipe designed for electrical applications. This innovative product expands Prince Pipes' portfolio, catering to the growing demand for reliable and efficient solutions in the construction and infrastructure sectors

Pipe Market Scope

The market is segmented on the basis of product, pipe size, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Steel
• Plastics
• Concrete Pipe

 Pipe Size

• Upto ½ Inches
• ½ to 1 Inches
• 1 to 2 Inches
• 2-5 Inches
• 5-10 Inches
• 10-20 Inches
• Above 20 Inches

 Application

• Building
• Infrastructure
• Industrial
• Agriculture

Distribution Channel

• Direct Selling
• Retail Selling

Pipe Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by product, pipe size, application, and distribution channel as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

Asia-Pacific region is expected to dominate the pipe market, driven by robust investments in infrastructure and construction. Renovation and remodeling activities, coupled with increased demand for pipes, reflect the region's burgeoning growth trajectory, fueling advancements and innovations in the industry.

In North America, significant growth is anticipated in the pipe market, propelled by escalating investments in infrastructure and construction activities, particularly in the U.S. Demand surge is evident in both industrial and residential sectors, emphasizing the crucial role of pipes in advancing various development initiatives.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Pipe Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Aliaxis Group S.A. (Belgium)
• Pipelife Austria GmbH & Co KG (Austria)
• Sekisui Chemical Co., Ltd. (Japan)
• Wienerberger AG (Austria)
• Plasticos Ferro, S.L.U. (Spain)
• Orbia (Mexico)
• Advanced Drainage Systems (U.S.)
• Supreme.Co.In. (India)
• Agru (Austria)
• Northwest Pipe Company (U.S.)
• CPM Drainage Group (U.K.)
• Xinjiang Guotong Pipeline Co., Ltd (China)
• Thompson Pipe Group (U.S.)
• Finolex Industries Ltd. (India)
• Cemex S.A.B. De C.V. (Mexico)
• Saudi Arabian Amiantit Co. (Saudi Arabia)
• Forterra Inc. (U.S.)
• Old Castle Precast Inc. (U.S.)
• Nucor Tubular Products (U.S.)

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