Press release
Sales Of Mining Pipes Are Projected To Increase At A CAGR Of Over 6.5% During 2021 - 2031
Mining Pipes Market
HDPE mining pipes are gradually gaining momentum across various avenues of mining applications owing to multiple advantages over conventional metal mining pipes. HDPE mining pipes offers resistance to corrosion and abrasion, and increased flexibility. They also prevent chemical reaction between pipe surfaces and fluids.
The global mining pipes is moderately fragmented with numerous players operating at global as well as regional scales. The market is highly competitive in nature due to the presence of many manufacturers across the globe. Increasing industrialization and urbanization is presumed to further drive demand and unfold immense opportunities for manufacturers over the coming years.
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Key Takeaways from Market Study
• The global mining pipes market is set to provide an absolute $ opportunity of US$ 5 Bn through 2031.
• Alloy steel mining pipes are estimated to account for 28% market share 2031-end, and gain 95 BPS in market share.
• 100-200 psi is expected to add an absolute dollar opportunity of US$ 3.7 Bn and gain 410 BPS by 2031.
• Demand for above 1,000 mm mining pipes is set to grow 1.6X and be valued at US$ 3.4 Bn at the end of 2031.
• Open surface mining is estimated to account for 92% market share and gain 200 BPS in its market share by 2031.
• On the basis of application, process slurry is projected to capture over 19% market share by 2031.
• Mine dewatering is expected to garner an absolute $ opportunity of nearly US$ 400 Mn by 2031.
According to a Fact.MR analyst, "Need for mining pipes is mounting due to increasing industrialization across the globe due to high demand for minerals".
Market Segments Covered in Mining Pipes Industry Research
By Material
• Steel Mining Pipes
• Stainless Steel Mining Pipes
• Carbon Steel Mining Pipes
• Alloy Steel Mining Pipes
• Fibreglass Reinforced Plastic Mining Pipes
• Carbon Fibre Reinforced Plastic Mining Pipes
• Aramid Reinforced Plastic Mining Pipes
• High Density Polyethylene Mining Pipes
By End Use
• Below 100 Psi Mining Pipes
• 100 - 200 Psi Mining Pipes
• Above 200 Psi Mining Pipes
By Pipe Size
• Below 100 mm Mining Pipes
• 100-500 mm Mining Pipes
• 500 - 1000 mm Mining Pipes
• Above 1000 mm Mining Pipes
By Mining Type
• Underground Mining
• Open Surface Mining
• Placer Mining
• In-situ Mining
By Application
• Mining Pipes for Dust Suppression
• Mining Pipes for Heap Leaching
• Mining Pipes for Pit Dewatering
• Mining Pipes for Water Transportation
• Mining Pipes for Process Slurry
• Mining Pipes for Solution Mining
• Mining Pipes for Processing Water
• Mining Pipes for Mine Dewatering
• Mining Pipes for Tailing Transportation
• Others
Category-wise Insights
Why are HDPE Mining Pipes Seeing High Demand across the Globe?
HDPE mining pipes are gaining momentum steadily and expected to corner more than 76% of global revenue share by 2031. Applicability across multitude avenues of mining owing to numerous advantages and unique characteristics over conventional steel pipes will supplement the growth trajectory.
HDPE mining pipes are well-suited to deploy on rugged terrains, changing environments, and extreme weather conditions. HDPE pipes are free from corrosion and restrict chemical reaction between the surface of the pipe and fluid flowing through it.
Leak-free joints, abrasion resistance, and long life and flexibility give these an upper hand over other materials.
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Competitive Landscape
Most players involved stainless steel mining pipe manufacturing considered in the report are primarily leaned towards capacity expansion and strengthening their sales and distribution networks.
• On 6 June 2021, Sumitomo Metal announced plans to spend US$ 424 Mn to boost production capacity for cathode materials. This will be useful for manufacturing secondary batteries and will extensively be utilized for electric vehicles.
• On 21 April 2021, Nippon Steel launched "ZAM®-EX", a highly corrosion-resistant coated steel sheet that can be useful for various end-use industries.
• In 2019, Tenaris acquired a leading position in the Saudi steel pipe industry. Due to this, the company was able to expand its geographical coverage in the Middle East.
Key Market Insights Covered in Mining Pipes Industry Survey:
• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Market Share Analysis
• Assessment of Unit Shipments, Installation, and Assembly Prices
• New Installations / Sales including Retrofit
• COVID-19 Impact on Demand for Mining Pipes and How to Navigate
• Recommendation on Key Winning Strategies
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Report Summary
The study offers comprehensive analysis on diverse features, including revenue growth, product enhancements, and revenue generation from mining pipes across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account revenue from mining pipes during the forecast period.
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