Competitive Pipes Market

Global Market Study on Competitive Pipes: Rising Demand for Steel Pipes Opening Doors of Opportunities

Introduction

According to market estimates, the global competitive pipes market is projected to reach ~ US$ 150 Bn by the end of the forecast period, registering a CAGR of ~ 4%. Key factor affecting the competitive pipes market size is the growth of industrial and municipal projects.

Additionally, application of competitive pipes in waste water treatment, chemical processing, district heating pipes, drinking water supply, fire-fighting pipeline, power plant construction, and others, is expected to create significant opportunities in the global competitive pipes market.

Developing countries of Asia Pacific are witnessing significant growth in the global competitive pipes market. For instance, China has given high importance to environmental conditions and has dedicated a noteworthy amount for modernizing its infrastructure. Also, India has taken some important initiatives regarding cleanliness, such as its long-term high budget plan ‘Swachh Bharat’. Aforementioned factors are estimated to drive the demand for competitive pipes in the coming years.

global competitive pipes market

The report covers a complete study of the competitive pipes market with an analysis of types of competitive pipes. The report summarizes the dynamics and various factors for competitive pipes, and of markets, which are going to impact the growth of the competitive pipes market.

The study provides a detailed description about how the competitive pipes market is expected to perform in various regions around the world as per historical performance and future potential in respective regions.

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Companies

Company Profile:

  • Tenaris S.A.
  • Vallourec S.A.
  • Welspun Group
  • Georg Fischer Ltd.
  • GERDAU S.A.
  • JFE Holdings Corporation
  • ThyssenKrupp AG
  • Novolipetsk Steel
  • ArcelorMittal S.A.
  • Tata Steel Limited
  • Nippon Steel & Sumitomo Metal Corporation
  • Pohang Iron and Steel Company
  • JSW Steel Ltd.
  • Atkore International Group Inc.
  • China Steel Corporation
  • Advanced Drainage System  
  • Essar Steel
  • Contech Engineered Solutions LLC
  • Can Clay Corporation

 

Steel-based Competitive Pipes to Open New Avenues

As per the market consensus, in terms of value, the steel segment by material type was valued at ~ US$ 40 Bn in 2018 and is anticipated to reach a market valuation of ;~ US$ 65 Bn by end of 2029. This represents a growth of ~ 5% during the course of the ten-year study period.

The steel segment is predicted to record relatively higher incremental $ opportunity than copper, concrete, aluminum, and other segments. There is a growing demand for steel pipes in various applications including waste water, sewer, potable water, mining, and industrial applications such as transportation of chemicals.

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Extensive Application in Water Use & Withdrawal Set to Fuel Market Growth

Water use & withdrawal segment is estimated to project maximum growth in the global competitive pipes market. Increasing demand for pipes used in municipal and sewer applications such as transportation of water and wastewater from domestic areas to sewage treatment plants, desalination plants, civic drinking water systems, etc., is expected to fuel market growth for competitive pipes all across the globe. The water use & withdrawal segment is estimated to create incremental opportunity worth ~ US$ 14 Bn between 2019 and 2029.

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Competitive Pipes Market – Competitive Landscape

Unprecedented change in various end-use industries and its potential impact on suppliers of competitive pipes have been assessed. Moreover, plausible manufacturing outlook for competitive pipes has boosted the sentiments of manufacturers. In terms of market structure, the competitive pipes market is anticipated to be a fairly fragmented one.

More than 60% of the global competitive pipes market is accounted as an unorganized sector that includes small and medium-sized players.

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Some of the key players covered in the competitive pipes market report include

  • Tenaris S.A.
  • GERDAU S.A.
  • ThyssenKrupp AG
  • JFE Holdings Corporation
  • Vallourec S.A.
  • Georg Fischer Ltd.
  • JSW Steel Ltd
  • ArcelorMittal S.A.
  • Welspun Group
  • Can Clay Corporation
  • Advanced Drainage Systems Novolipetsk Steel
  • Tata Steel Limited.

Analyst’s Viewpoint

An extensive view of the competitive pipes market has led analysts to conclude that the market is anticipated to project significant growth in the coming years with Asia Pacific region to account for a prominent share throughout the forecast period. The North America competitive pipes market is estimated to be an opportunistic market in terms of sales and market growth.

Factors including growing construction industry and urbanization, sustained demand from the oil and gas industry, and scope of product maintenance and replacement, among others will positively impact the competitive pipes market during the forecast period.

The competitive pipes market is characterized by the presence of few big players from Europe, North America, and Asia Pacific regions. In terms of volume, the steel segment in material type in the competitive pipes market is anticipated to dominate the global competitive pipes market throughout the forecast period.

The impact of market restraints such as increasing use of plastic pipes and availability and use of substitute materials will remain steady globally in the competitive pipes market. Technological innovations along with collaborations, mergers & acquisitions by key market participants will also give impetus to the competitive pipes market.

Key Segments of the Competitive Pipes Market

PMR’s study on the Competitive Pipes market is divided into four significant segments- Material Type, Application, end use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Material Type
  • Steel
  • Copper
  • Concrete
  • Aluminium
  • Ductile Iron
  • Clay
Application
  • Liquid Conduits
  • Gas Conduits
  • Others
End use
  • Building & Construction
  • Oil & Gas
  • Water Use & Withdrawl
  • Agriculture
  • Chemicals
  • Electricals & Telecommunication
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Questions Answered in PMR’s Competitive Pipes Market Report

  • Which region is anticipated to hold a prominent market share over the forecast period?
  • What will be the key driving factors propelling the demand for Competitive Pipes during the forecast period?
  • How current trends will impact the Competitive Pipes market?
  • Who are significant market participants in the Competitive Pipes market?
  • What are the crucial strategies of prominent players in the Competitive Pipes market to upscale their positions in this landscape?

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