The pipe market is projected to be valued at USD 146.38 billion by 2024 and rise to USD 238.67 billion by 2034. The pipes are anticipated to expand at a moderate CAGR of 5.01% from 2024 to 2034.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | USD 146.38 billion |
| Projected Market Value in 2034 | USD 238.67 billion |
| Value-based CAGR from 2024 to 2034 | 5.01% |
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The pipe market experienced a CAGR of 2.38% from 2019 to 2023. This subdued growth rate can be attributed to factors such as economic fluctuations, limited infrastructure investments, and challenges in certain end-user industries.
Despite steady demand for pipes in construction, utilities, and industrial applications, the market faced constraints like regulatory hurdles and pricing pressures during this period.
Looking ahead to the forecasted period from 2024 to 2034, the market is expected to witness a significant acceleration in growth, with a forecasted CAGR of 5.01%. This optimistic projection is underpinned by several factors including increased infrastructure spending, particularly in emerging economies, technological advancements driving demand for advanced piping systems, and growing focus on sustainable and eco-friendly piping materials.
The expansion of industries such as oil and gas, water and wastewater management, and construction is anticipated to contribute to the robust growth trajectory of the pipe market during this forecasted period.
| Historical CAGR from 2019 to 2023 | 2.38% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 5.01% |
The table below provides the top five countries in terms of revenue, with India holding a prominent position in the market.
The pipe market leads in India due to increasing water management needs driven by population growth and urbanization. With rising demand for water distribution, irrigation systems, and sewage treatment plants, pipes play a crucial role in addressing water scarcity and supporting urban development initiatives, positioning the market at the forefront of infrastructure development.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 5.9% |
| Canada | 6.62% |
| Italy | 6.44% |
| China | 7.78% |
| India | 8.25% |
Steady infrastructure development projects, including residential, commercial, and industrial construction, primarily drive the pipe market in the United States.
With a robust economy and continuous investments in infrastructure, a consistent demand for pipes for various applications such as plumbing, water supply, and sewage systems.
The pipe market in Canada is significantly utilized due to the expanding oil and gas industry. With vast natural resources and extensive exploration activities, a high demand for oil and gas transportation pipes, including pipelines for crude oil, natural gas, and petroleum products.
The market sees substantial usage driven by renovation and modernization initiatives. With aging infrastructure and the need to upgrade existing systems, a growing demand for pipes for retrofitting projects, urban redevelopment, and infrastructure modernization in cities and municipalities.
The pipe market in China experiences major usage owing to rapid urbanization and industrialization. As the country undergoes extensive urban development and industrial growth, a significant demand for pipes for water supply, sewage systems, construction, and industrial applications to support the expanding infrastructure and manufacturing sectors.
In India, the pipe market is predominantly used due to increasing water management needs. With a growing population and urbanization, a heightened demand for pipes for water distribution, irrigation systems, and sewage treatment plants to address the challenges of water scarcity and urban development.
The below section shows the leading segment. Based on material, the metal segment is accounted to hold a market share of 67.73% in 2024. Based on diameter, the 100 to 200 mm in the metal segment is anticipated to hold a market share of 14.56% in 2024.
The durability and strength of metal pipes make them suitable for demanding applications in industries such as construction, oil and gas, and infrastructure development, driving their widespread use and dominance in the market.
Pipes with diameters ranging from 100 to 200 mm offer versatility and reliability, making them suitable for medium to large-scale applications such as water distribution networks, industrial piping systems, and municipal infrastructure projects, thus driving their significant market presence within the metal segment.
| Category | Market Share in 2024 |
|---|---|
| Metal | 67.73% |
| 100 to 200 mm (metal) | 14.56% |
In 2024, the metal segment is projected to maintain a significant market share of 67.73%. This dominance can be attributed to the widespread use of metal pipes across various industries and applications.
Metal pipes are valued for their durability, strength, and suitability for transporting various fluids and gases, making them a preferred choice in construction, oil and gas, and infrastructure development.
Within the metal segment, pipes with diameters ranging from 100 to 200 mm are anticipated to hold a substantial market share of 14.56% in 2024. Pipes falling within this diameter range are commonly used for medium to large-scale applications, including water distribution networks, industrial piping systems, and municipal infrastructure projects.
The versatility and capability to accommodate diverse requirements contribute to their significant market presence within the metal segment.
In the competitive landscape of the pipe market, numerous players, including manufacturers, distributors, and suppliers, vie for market share. Product innovation, quality standards, pricing strategies, and geographical reach shape competition.
Key players often focus on expanding their product portfolios, enhancing production efficiency, and establishing strategic partnerships to gain a competitive edge. Customer service, brand reputation, and adherence to regulatory standards also play pivotal roles in differentiating competitors. Some of the key developments are:
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | USD 146.38 billion |
| Projected Market Valuation in 2034 | USD 238.67 billion |
| Value-based CAGR 2024 to 2034 | 5.01% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
| Key Market Segments Covered | Material Type, Diameter, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Aliaxis Group; Sekisui Chemical Co. Ltd; 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 |
As of 2024, the market for pipe is expected to be valued at USD 146.38 billion.
By 2034, the market value of the pipes is expected to reach USD 238.67 billion.
From 2024 to 2034, the pipe market is expected to flourish at a CAGR of 5.01%.
The metal segment is accounted to hold a market share of 67.73% in 2024.
India is likely the top-performing market, with a CAGR of 8.25%.
Pipe Market
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