According to a new market report published by Lucintel, the future of the large diameter pipe market looks good with opportunities in the potable water pipe, wastewater pipe, oil and gas pipe, and industrial pipe application segments. The global large diameter pipe market is expected to reach an estimated $80.9 billion by 2027 and is forecast to grow at a CAGR of 4.2% from 2022 to 2027. The major growth drivers for this market are increasing investment in water and wastewater management, rise in infrastructure spending, and replacement of aging pipelines.
In this market, metal, plastics, and concrete are the major raw materials used to manufacture large diameter pipes. Lucintel predicts that the demand for plastic pipes is likely to experience the highest growth in the forecast period, supported by growing demand in wastewater and industrial applications. On the basis of its comprehensive research, Lucintel forecasts that wastewater and potable water pipes are expected to show above average growth during the forecast period.
Within the large diameter pipe market, the wastewater pipe segment is expected to remain the largest application segment. The growth of residential and commercial construction and the boom in infrastructure development in developing economies are expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market and it is also projected to have the highest growth over the forecast period due to high growth in construction and infrastructure development, especially in China and India.
Emerging trends, which have a direct impact on the dynamics of the industry, are the increasing demand for FRP pipes and multilayer materials and technically advanced pipes to reduce operational time and minimize the risk of pressure resistance, scaling and other deposits caused by substance transmission. Tenaris SA, Chelpipe Group, OAO TMK, Vallourec SA, and Welspun Corp. Ltd. are among the major manufacturers of large diameter pipes. Some companies are opting for M&A as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global large diameter pipe market by application, material, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Large Diameter Pipe Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global large diameter pipe market by application, material, and region, as follows:
By Application (Value $ Billion from 2016 to 2027):
Potable Water Pipes
Wastewater Pipes
Oil and Gas Pipes
Industrial Pipes
Others
By material (Volume (Million Tons) and Value $ Billion from 2016 to 2027):
Metal Pipes
Plastic Pipes
Concrete Pipes
Others
By Region (Volume (Million Tons) and Value $ Billion from 2016 to 2027):
North America
Europe
Asia Pacific
Rest of the World
This XXX-page 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 visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q. 1. What are some of the most promising, high-growth opportunities for large diameter pipe market by material (metal pipes, plastic pipes, concrete pipes, and others), application (potable water pipes, wastewater pipes, oil and gas pipes, industrial pipes, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which product /segments will grow at a faster pace and why?
Q. 3. Which region 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 market?
Q.5. What are the business risks and threats of this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. How is the competitive rivalry and threat of substitution in this market?
Q.11. What M&A activities did occur in the last five years in this market? What reasons to these activities and how have they impacted the industry?