Europe pipes Market are expected to grow at a CAGR of 4.7% over the next decade (2022-2032). By end use and material type, metal segment is projected create an absolute dollar opportunity worth US$ 32 .67 Bn between 2022 to 2032.
Europe pipes Market are expected to grow at a CAGR of 4.7% over the next decade (2022-2032). By end use and material type, metal segment is projected create an absolute dollar opportunity worth US$ 32 .67 Bn between 2022 to 2032.
NEWARK, Del: Over the forecast period of 2022-2032, the global pipes market is expected to grow at a CAGR of 5.4 % to reach a valuation of US$ 225.5 Bn by the end of 2032. The pipe has applications in drain-waste-vent (DWV), sewers, water mains, water service lines, irrigation, conduit, and various industrial installations.
Significant demand for pipes in various industries and infrastructural development occurring in emerging economies are projected to drive the demand for pipes in the global market. The use of plumbing pipes in residential applications is mainly for the transportation of potable water and wastewater.
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Rising Application of Metal Pipes in Commercial Sector to Push the Sales by 5,553 Mn by 2032
Commercial buildings such as hospitals, schools, office buildings, and retail stores often have specialized piping systems for different types of fluids. Industrial plants also have their own specific piping needs depending on the type of manufacturing process taking place.
Rising population is indirectly shaping the infrastructure across the globe. New and ongoing construction requires piping system, which in turn is expected to boost the demand for pipes over the coming years.
The market is witnessing growth due to the increasing demand for new build extensions and project investment in developing countries. The commercial segment is expected to hold the largest share and poised to expand at the highest CAGR during the forecast period.
Key Takeaways from Market Study
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“Increasing residential and commercial infrastructure development coupled with growing construction activities, particularly in developing economies such as India and China will create remunerative growth opportunities for pipes manufacturers.” says a Future Market Insights analyst.
Key Segments Covered in Global Pipes Industry Analysis
Global Pipes Market by Material Type:
Global Pipes Market by Diameter:
Global Pipes Market by Sales Channel:
Table of Content
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
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Global Pipes Market Competitive Landscape
Among the industry’s key players are 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, FRANK GmbH, Contech Engineered Solutions LLC, Wienerberger AG, Mexichem SAB de CV and others
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The research report analyses the market demand trend for the global pipes between 2022 and 2032. Comprehensive analysis is provided in global pipes market report based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the global pipes market report is studied and analyzed in the following segments such as by material type, diameter, end use & regions. The global pipes market report gives us qualitative and quantitative information about the companies.
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CAGR stands for Compound Annual Growth Rate. It represents the mean annual growth rate of an investment over a specified time period, assuming the profits are reinvested at the end of each period.
End-use segments refer to the different categories of consumers or industries that utilize a product. In the pipes market, these include residential, commercial, and industrial applications.
An absolute dollar opportunity indicates the total potential revenue that can be generated from a specific market segment or product over a defined period.
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