The pipe market is projected to be valued at US$ 146.38 billion by 2024 and rise to US$ 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 | US$ 146.38 billion |
| Projected Market Value in 2034 | US$ 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% |
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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 | US$ 146.38 billion |
| Projected Market Valuation in 2034 | US$ 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 US$ billion |
| Key Regions Covered |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
As of 2024, the market for pipe is expected to be valued at US$ 146.38 billion.
By 2034, the market value of the pipes is expected to reach US$ 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%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Manufacturer
3.5.1.2. Mid-Level Participants (Traders)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material Type, 2024 to 2034
5.3.1. Plastic
5.3.1.1. PVC
5.3.1.2. CPVC
5.3.1.3. HDPE
5.3.1.4. LDPE
5.3.1.5. PP
5.3.1.6. ABS
5.3.1.7. Fiberglass
5.3.2. Metal
5.3.3. Composite
5.4. Y-o-Y Growth Trend Analysis By Material Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Material Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Diameter
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Diameter, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Diameter, 2024 to 2034
6.3.1. Plastic
6.3.1.1. Up to 50 mm
6.3.1.2. 50-100 mm
6.3.1.3. 100-200 mm
6.3.1.4. 200-400 mm
6.3.1.5. 400-700 mm
6.3.1.6. Above 700 mm
6.3.2. Metal
6.3.2.1. Up to 50 mm
6.3.2.2. 50-100 mm
6.3.2.3. 100-200 mm
6.3.2.4. 200-400 mm
6.3.2.5. 400-700 mm
6.3.2.6. Above 700 mm
6.3.3. Composite
6.3.3.1. Up to 50 mm
6.3.3.2. 50-100 mm
6.3.3.3. 100-200 mm
6.3.3.4. 200-400 mm
6.4. Y-o-Y Growth Trend Analysis By Diameter, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Diameter, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Material Type
8.2.3. By Diameter
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Material Type
8.3.3. By Diameter
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Material Type
9.2.3. By Diameter
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material Type
9.3.3. By Diameter
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Material Type
10.2.3. By Diameter
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material Type
10.3.3. By Diameter
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Material Type
11.2.3. By Diameter
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material Type
11.3.3. By Diameter
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Material Type
12.2.3. By Diameter
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material Type
12.3.3. By Diameter
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Material Type
13.2.3. By Diameter
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Material Type
13.3.3. By Diameter
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Material Type
14.2.3. By Diameter
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Material Type
14.3.3. By Diameter
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Material Type
15.1.2.2. By Diameter
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Material Type
15.2.2.2. By Diameter
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Material Type
15.3.2.2. By Diameter
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Material Type
15.4.2.2. By Diameter
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Material Type
15.5.2.2. By Diameter
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Material Type
15.6.2.2. By Diameter
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Material Type
15.7.2.2. By Diameter
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Material Type
15.8.2.2. By Diameter
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Material Type
15.9.2.2. By Diameter
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Material Type
15.10.2.2. By Diameter
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Material Type
15.11.2.2. By Diameter
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Material Type
15.12.2.2. By Diameter
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Material Type
15.13.2.2. By Diameter
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Material Type
15.14.2.2. By Diameter
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Material Type
15.15.2.2. By Diameter
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Material Type
15.16.2.2. By Diameter
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Material Type
15.17.2.2. By Diameter
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Material Type
15.18.2.2. By Diameter
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Material Type
15.19.2.2. By Diameter
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Material Type
15.20.2.2. By Diameter
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Material Type
15.21.2.2. By Diameter
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Material Type
15.22.2.2. By Diameter
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Material Type
15.23.2.2. By Diameter
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Material Type
16.3.3. By Diameter
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Aliaxis Group
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Sekisui Chemical Co. Ltd
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Orbia Advance Corp
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Astral Polytechnik Ltd
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Geberit AG
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Finolex Industries Ltd.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Formosa Plastic Corporation
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Nan Ya Plastics Corp.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Advanced Drainage Systems Incorporated
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Polypipe Group Plc
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. AGRUKnststofftechnik Gesellschaft M.B.H
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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