Press release
Soaring Demand Set to Propel Pipes and Pipe/Hose Fittings Market to $474.85 Billion by 2029
Pipes and Pipe/Hose Fittings
What Is the Expected CAGR for the Pipes and Pipe/Hose Fittings Market Through 2025?
The pipes and pipe/hose fittings market has grown strongly in recent years. It will rise from $315.79 billion in 2024 to $336.87 billion in 2025, reflecting a CAGR of 6.7%. Historic growth was driven by water and wastewater management, oil and gas exploration, renewable energy initiatives, infrastructure upgrades, trade globalization, and government infrastructure investments.
What's the Projected Size of the Global Pipes and Pipe/Hose Fittings Market by 2029?
Accelerated growth is anticipated in the piping and hose/pipe fitting market over the upcoming years. The market is projected to expand to $474.85 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.0%. This surge over the forecasted period can be attributed to factors such as the introduction of smart cities, the application of circular economy principles, the dominance of e-commerce in procurement, increased attention to water conservation, the proliferation of oil and gas infrastructure, and hydraulic fracturing (fracking) activities. Market trends to look out for during this period involve the incorporation of 3D printing technologies, innovative advancements in materials, customisations for unique applications, sanitation-oriented solutions, the emergence of intelligent piping systems, and the digitisation of manufacturing processes.
View the full report here:
https://www.thebusinessresearchcompany.com/report/pipes-and-pipe-or-hose-fittings-global-market-report
Top Growth Drivers in the Pipes and Pipe/Hose Fittings Industry: What's Accelerating the Market?
The projected surge in construction projects is anticipated to boost the market for pipes and pipe/hose fittings. The term "construction projects" signifies the systematic creation and establishment of structures. A vital role in the construction industry is played by pipes and pipe/hose fittings, mainly designed to transport construction-related fluids. For example, in June 2024, TST Europe, a machinery parts producer based in Switzerland, reported that total expenditure on construction in 2023 reached $1.98 trillion, reflecting a 7.4% rise from the prior year. Consequently, the growth of the pipes and pipe/hose fittings market will be propelled by the expansion in construction projects.
Get your free sample here:
#Claim Your Free Sample Report:#
What Trends Will Shape the Pipes and Pipe/Hose Fittings Market Through 2029 and Beyond?
Leading organizations in the pipes and pipe/hose fittings market are prioritizing the implementation of cutting-edge technologies like the Reinforced Thermoplastic Pipe (RTP) technology to boost durability, cut down on maintenance expenses, and augment fluid transportation efficiency. Reinforced Thermoplastic Pipe (RTP) technology entails utilizing flexible, lightweight pipes made from thermoplastic materials; these pipes are characterized by their high corrosion resistance, minimal maintenance requirements, and the capacity to withstand differing pressures and temperatures in fluid transport. For example, Baker Hughes Company, an energy technology firm based in the US, unveiled its latest PythonPipe portfolio, leveraging advanced reinforced thermoplastic pipe technology, in November 2023. This inventive solution offers up to a 60% drop in installation time, considerable carbon emission reduction, and improved durability, making it apt for corrosive and demanding conditions in the energy sector.
What Are the Main Segments in the Pipes and Pipe/Hose Fittings Market?
The pipes and pipe/hose fittings market covered in this report is segmented -
1) By Type: Pipes, Fittings
2) By Technology: Compression Molding, Injection Molding, Thermoforming, Extrusion, Electro Fusion, Fabricated, Other Types
3) By Application: Water Supply, Pumps And Piping System, Drainage And Sewage Disposal, Sanitation, Transportation Pipes, Other Applications
Subsegments:
1) By Pipes: PVC Pipes, HDPE Pipes, CPVC Pipes, PEX Pipes, Metal Pipes, Composite Pipes
2) By Fittings: Elbow Fittings, Tee Fittings, Couplings, Reducers, Caps And Plugs, Flanges, Adapters
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10352&type=smp
Which Top Companies are Driving Growth in the Pipes and Pipe/Hose Fittings Market?
Major companies operating in the pipes and pipe/hose fittings market include Advanced Drainage Systems Inc., Aliaxis Group, Amanco Company- Orbia, American Cast Iron Pipe Company, ArcelorMittal S.A., Chevron Phillips Chemical Company LLC, China Lesso Group Holdings Limited, Eaton Hydraulics Inc., EUROPIPE GmbH, EVRAZ plc, Forterra plc, Georg Fischer Ltd., GF Piping Systems Ltd., Hancor Inc., IPEX Inc., Nippon Steel & Sumitomo Metal Corporation, Nibco Inc., Tigre SA, JM Eagle Corporation, Tenaris SA, Sekisui Chemical Co. Ltd., Wienerberger AG, Pipelife International GmbH, Uponor Corporation, National Pipe and Plastics Inc., Rehau AG, Sika AG, Compagnie de Saint-Gobain S.A., Lubrizol Advanced Materials Inc., Victaulic Company
Which Regions Will Dominate the Pipes and Pipe/Hose Fittings Market Through 2029?
North America was the largest region in the pipe and pipe/hose fittings market in 2024. The regions covered in the pipes and pipe/hose fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10352
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soaring Demand Set to Propel Pipes and Pipe/Hose Fittings Market to $474.85 Billion by 2029 here
News-ID: 4249970 • Views: …
More Releases from The Business Research Company
Transformative Trends Impacting the Cotton Yarn Market Landscape, Size 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Cotton Yarn Market Size By 2025?
The cotton yarn market rose steadily, increasing from $73.46 billion in 2024 to $77.75 billion in 2025 at a CAGR of 5.8%. Its growth historically was linked to the expansion of the textile industry, demand for natural fibers, global…
Global Collapsible Water Bottle Market Projected to Grow at 6.2% CAGR, Reaching …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
What Will the Collapsible Water Bottle Industry Market Size Be by 2025?_x000D_
The collapsible water bottle market has recorded strong growth in recent years. Its size will expand from $1.83 billion in 2024 to $1.94 billion in 2025, at a CAGR of 6.0%. Earlier growth was fueled by rising…
Demand For Lightweight And Electric Vehicles Boosts Automotive Plastics Market: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Automotive Plastics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The automotive plastics market has grown significantly in recent years. It will move from $43.29 billion in 2024 to $47.04 billion in 2025, posting a CAGR of 8.7%. Key factors included automobile production, demand for…
The Polytetrafluoroethylene Market Is Poised For Growth Driven By the Booming Co …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Polytetrafluoroethylene Market Through 2025?
The polytetrafluoroethylene market has seen strong growth in recent years. It is forecast to grow from $2.63 billion in 2024 to $2.81 billion in 2025, reflecting a CAGR of 6.7%. Earlier growth was tied to superior chemical resistance,…
More Releases for Pipe
Seamless casing pipe vs ERW casing pipe
Seamless steel casing pipes-casing made of seamless steel pipe as raw material
Seamless pipe refers to a steel pipe manufactured by four methods: hot rolling, cold rolling, hot drawing, and cold drawing. There is no weld seam on the pipe body itself.
ERW casing pipe-casing made of electric welded pipe as raw material
ERW pipe refers to a straight seam welded pipe manufactured through a high-frequency resistance welding process. The raw material steel…
Comparison of ERW Welded Pipe and Seamless Steel Pipe (tested by PetroChina Pipe …
1. Outer diameter tolerance
ERW steel pipe: It is cold-formed and sizing is completed by reducing the diameter by 0.6%. The process temperature is basically constant at room temperature. Therefore, the outer diameter is controlled accurately and the fluctuation range is small, which is helpful to eliminate black leather buckles.
Seamless steel tube: The hot-rolling forming process is used, and its sizing is completed at about 8000C. The raw material composition, cooling…
HDPE Pipes Market Current Trends and Detailed Study with Forecast to 2028 | Oil …
Global HDPE Pipes Market: Overview
The application of high density polyethylene (HDPE) pipes has increased in industry like chemical, electronics, and gas distribution. As a result of this extensive application, the global HDPE pipes market is witnessing a substantial growth in the forecast period of 2018 to 2028. Moreover, the growing demand for HDPE pipes in drainage and sewerage industry is another factor that is responsible for the growth of…
Global HDPE 100 Pipe Market 2017 LESSO, Cangzhou Mingzhu, Junxing Pipe, Ginde Pi …
In this report, the global HDPE 100 Pipe market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Global Market Report HDPE 100 Pipe Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This HDPE 100 Pipe Industry report also states Company Profile, sales,…
Anti-corrosion Steel Pipe and Coating Steel Pipe
Anti-corrosion steel pipe refers to do anti-corruption treatment for the ordinary steel pipe with special technology, making the steel pipe equipped certain corrosion resistance.Generally used in waterproof, anti-rust, acid and alkali proof, anti-oxidation and so on.Different needs, different inside and outside wall corresponding anti-corrosion measures.Common are: epoxy coal tar anti-corrosion, anti-corrosion epoxy coatings, urethane paint anti-corrosion, IPN8710 water pipeline corrosion protection, non-toxic paint anti corrosion,anti-corrosion polymer coating, steel pipe lining…
Stainless Steel Pipe and Industrial Stainless Steel Pipe
Stainless steel pipe is divided into two series: decorative stainless steel pipe(stainless steel pipe) and industrial stainless steel pipe.
Decorative stainless steel pipe(stainless steel pipe(SS)): usually outside the wall will be bright tube, hence the name of thinking, stainless steel pipe(SS) is used for decorative purposes. Stainless steel pipe(SS) mainly used to decorate, such as railings, staircase handrails, windows, etc., the wall thickness is very thin. As with the industrial stainless…
