Press release
Lucintel Forecasts Industrial Pipe Market to Reach $32.2 billion by 2030
Industrial Pipe Market
According to the recent study the industrial pipe market [https://www.lucintel.com/industrial-pipe-market.aspx] is projected to reach an estimated $32.2 billion by 2030 from $25.6 billion in 2023, at a CAGR of 3.5% from 2024 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.
Download sample by clicking on industrial pipe market [https://www.lucintel.com/industrial-pipe-market.aspx]
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 AlmaguerLucintelDallas, Texas, USAEmail: roy.almaguer@lucintel.comTel. +1 972.636.5056
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