Industrial Pipe Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Industrial Pipe Market Trends and Forecast

The future of the global industrial pipe market looks promising with opportunities in power generation, petrochemical, automotive, and industrial processing. The global industrial pipe market is expected to reach an estimated $21.7 billion by 2028 and it is forecast to grow at a CAGR of 3.2% from 2023 to 2028. The major growth drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.

Emerging Trends in the Industrial Pipe Market

Emerging trends which have a direct impact on the dynamics of the industry include increasing use of premium and technically advanced pipe and increasing focus on pipe strength and durability.
A total of 139 figures / charts and 109 tables are provided in this 261-page report to help in your business decisions. Sample figures with some insights are shown below. 

Industrial Pipe Market by Segment

In this market, petrochemical is the largest end use industry, whereas steel pipe is largest market by material. Growth in various segments of the industrial pipe market are given below:
The study includes a trend and forecast for the Industrial Pipe market by material, diameter, end use industry, and region as follows:

Industrial Pipe Market by End Use Industry [Value ($ Million) from 2017 to 2028]:

• Power Generation
• Petrochemical
• Automotive
• Industrial Processing
• Others                                   

Industrial Pipe Market by Material [Value ($ Million) and Volume (Thousand Tons) from 2017 to 2028]:            

• Steel Pipes
• Ductile Iron Pipes
• Plastic Pipes
• FRP Pipes
• Other Pipes

Industrial Pipe Market by Diameter [Value ($ Million) from 2017 to 2028]:

• Small Diameter Pipes
• Medium Diameter Pipes
• Large Diameter Pipes

Industrial Pipe Market by Pressure Rating [Value ($ Million) from 2017 to 2028]:

• Low Pressure Rating
• Medium Pressure Rating
• High Pressure Rating

Industrial Pipe Market by Region [Value ($ Million) from 2017 to 2028]:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • Russia
• APAC
  • China
  • Japan
  • India
• ROW
  • Brazil
  • Middle East

List of Industrial Pipe Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial pipe companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial pipe companies profiled in this report includes

• 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
• Future Pipe Industries

Industrial Pipe Market Insights

• 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.

Features of the Industrial Pipe Market

• Market Size Estimates: Industrial Pipe market size estimation in terms of value ($M).
• Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Industrial Pipe market size by various segments, such as material, end use industries, diameter, and pressure rating.
• Regional Analysis: Industrial Pipe market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different material, end use industries, diameter, pressure rating, and regions for Industrial Pipe market.
• Strategic Analysis: This includes M&A and competitive landscape for the Industrial Pipe.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the industrial pipe market size?
Answer: The global industrial pipe market is expected to reach an estimated $21.7 billion by 2028.
Q2. What is the growth forecast for industrial pipe market?
Answer: The Industrial Pipe market is expected to grow at a CAGR of ~3.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the industrial pipe market?
Answer: The major growth drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.
Q4. What are the major applications or end use industries for industrial pipe?
Answer: Power generation, petrochemical, automotive, and industrial processing are the major end use industries for industrial pipe.
Q5. What are the emerging trends in industrial pipe market?
Answer: Emerging trends which have a direct impact on the dynamics of the industry include increasing use of premium and technically advanced pipe and increasing focus on pipe strength and durability.
Q6. Who are the key industrial pipe companies?
Answer: Some of the key industrial pipe companies are as follows:

• 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
• Future Pipe Industries

Q7.Which industrial pipe material segment will be the largest in future?
Answer: 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.
Q8: In industrial pipe market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region and is expected to witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

This report answers following 11 key questions

Q.1. What are some of the most promising potential, high-growth opportunities for the 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the industrial pipe market?
Q.5. What are the business risks and threats to the industrial pipe market?
Q.6. What are emerging trends in this industrial pipe market and the reasons behind them?
Q.7. What are some changing demands of customers in the industrial pipe market?
Q.8. What are the new developments in the industrial pipe market? Which companies are leading these developments?
Q.9. Who are the major players in the industrial pipe market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are some of the competitive products and processes in the industrial pipe market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M&A activities did take place in the last five years in the industrial pipe  market?

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