ALL >> Business >> View Article
Lucintel Forecasts Industrial Pipe Market To Reach $33 Billion By 2030
![Profile Picture](https://www.123articleonline.com/images/avatar-default.jpg)
According to the recent study the industrial pipe market is projected to reach an estimated $33 billion by 2030 from $26 billion in 2023 at a CAGR of 3.5% from 2023 to 2030. Growth in this market is primarily driven by increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.
Browse 139 figures/charts and 109 tables in this 261-page report to understand trends, opportunities and forecast in industrial pipe market by material (steel pipe, ductile iron pipe, plastic pipe, fiberglass reinforced pipe, and others), end use industry (power generation, petrochemical, automotive, industrial processing plant, and others), diameter (small diameter pipe up to 15 inches, medium diameter pipe 15 inches to 30 inches, and large diameter pipe 30 inches and above), pressure rating (low pressure pipes up to 150 psi, medium pressure pipes 150 psi to 300 psi, and high pressure pipes 300 and above psi), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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 global 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. The automotive segment is expected to witness the highest growth due to increasing automotive production, along with population, purchasing power, and urbanization rate, all of which increase growth of the automotive industry, which ultimately increases the demands for industrial pipes.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to increasing infrastructure development, urbanization and government economic stimulus measures in this region.
Vallourec SA, TMK Group, Tenaris SA, China LESSO Group Holdings Limited, ArcelorMittal S.A., Orbia, Sekisui Chemical Co. Ltd., Advanced Drainage Systems, Inc., Saudi Arabian Amiantit Company, Northwest Pipe Company, and Future Pipe Industries are the major suppliers in the industrial pipe market.
This unique 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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
Explore Our Latest Publications
Expanded Metal Fence Market in Canada
Flame Retardant Pbt Market in Canada
Galvanized Steel Wire Market in Canada
Lng Carrier Containment Market in Canada
Membrane Structure Market in Canada
Metal Forming Machine Tool Market in Canada
Add Comment
Business Articles
1. Lawnmower Engines: Some Of The Basics In Understanding How They Work And How To Maintain Them In Chatham-kentAuthor: Denny Hawk
2. Keep Your Chainsaw Running Smoothly: Chatham-kent’s Leading Chainsaw Parts Repair Service
Author: Denny Hawk
3. Enhance Your Brand Visibility With Expert Signage Solutions In Auckland
Author: Tinting Experts
4. Driveworks Support - Design And Automation Services
Author: Design Automations
5. Professional Driveworks Training Course - Design Automation
Author: Design Automations
6. Driveworks Implementation Services - Design And Automation
Author: Design Automations
7. Why Kitchener Businesses Need Mobile Optimization For Seo Wins
Author: Vishal Sharma
8. Local Seo For London Businesses
Author: Mandreel
9. Navigating The Competitive Seo Landscape In London
Author: Mandreel
10. Miami Seo Company Solutions Designed To Grow Your Business
Author: Mandreel
11. The Power Of Miami Seo: How To Dominate Your Local Market
Author: Mandreel
12. Local Seo Strategies For Small Businesses In Toronto
Author: Mandreel
13. The Rise Of Tech Startups And The Role Of An Seo Agency In Toronto
Author: Mandreel
14. Emerging Trends In Ppc Advertising
Author: Mandreel
15. Ppc Management Strategies For Small Businesses In The Uk
Author: Mandreel