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Competitive Pipes Market Segmented by Plastic & Competitive Pipe, India PVC Pipes, Municipal Pipes , Pre-Insulated Pipes, SAW Pipes, Industrial Seamless Steel Pipes
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.
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.
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.
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.
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.
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.
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.