According to a new market report published by Lucintel, the future of the industrial pipe market looks promising with opportunities in power generation, petrochemical, automotive, and industrial processing. The global industrial pipe market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $20.3 billion by 2025 with a CAGR of 1% to 2% from 2020 to 2025 . The major growth drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.
Browse 109 market data tables and 158 figures spread through 245 pages and in-depth TOC on “Industrial Pipe Market"
To download report brochure, please go to https://www.lucintel.com/industrial-pipe-market.aspx and click "report brochure" tab from the menu.
In this market, steel, ductile iron, plastic, and fiberglass reinforced plastics (FRP) materials are used for pipe manufacturing for various end use industries. On the basis of comprehensive research, Lucintel forecasts that the steel pipe is expected to remain the largest material segment over the forecast period due to increasing demand for steel pipes in power generation and petrochemical industries. Lucintel predicts that the plastic pipe material segment will witness the highest growth during the forecast period because of low cost, light weight and corrosion resistant.
Within the industrial pipe market, petrochemical will remain the largest end use industry during the forecast period due to increasing investments in new ventures and up-gradation of petrochemical facilities.
Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to increasing infrastructure development, urbanization and government economic stimulus measures in this region.
Emerging trends which have a direct impact on the dynamics of the industry include increasing use of dopeless technology in pipe manufacturing to reduce operational risk and development of multilayer pipe to increase strength and durability. Vallourec, TMK, Tenaris, China Lesso, ArcelorMittal, Mexichem, Sekisui Chemicals, Advanced Drainage System, Amiantit, and Future Pipe are among the major suppliers of industrial pipes.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the industrial pipe market by end use industry, material, diameter, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Industrial Pipe Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the industrial pipe market by end use industry, material, diameter, and region, as follows:
By End Use Industry [Value ($M) from 2014 to 2025]:
Power Generation
Petrochemical
Automotive
Industrial Processing
Others
By Material [Value ($ Million) and Volume (Thousand Tons) from 2014 to 2025]:
Steel Pipes
Ductile Iron Pipes
Plastic Pipes
FRP Pipes
Other Pipes
By Diameter [Value ($ Million) from 2014 to 2025]:
Small Diameter Pipes
Medium Diameter Pipes
Large Diameter Pipes
By Region [Value ($ Million) from 2014 to 2025]:
North America
Europe
APAC
ROW
This 245-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/industrial-pipe-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.