Industrial Pipe Market Report: Trends, Forecast and Competitive Analysis

Texas, October 5, 2018 (Newswire.com) - According to a new market report published by Lucintel, 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 2023 with a CAGR of 2.5% from 2018 to 2023. The major growth drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.

Browse 109 market data tables and 158 figures spread through 245 pages and in-depth TOC on “Global Industrial Pipe Market"

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In this market, industrial pipe is utilized to steel pipes, ductile iron pipes, plastic pipe, FRP pipes, and other pipes. On the basis of comprehensive research, 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. 

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Asia Pacific is expected to remain the largest region and witness the highest growth over the forecast period due to increasing infrastructure development, urbanization and government economic stimulus measures in this region.

Emerging trends which have a direct impact on the dynamics of the industrial pipe industry include increasing use of dopeless technology in pipe manufacturing to reduce operational risk and development of multilayer pipe to increase strength and durability.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities of global industrial pipe market by application, by end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Industrial Pipe Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global industrial pipe market by end use industry, material, diameter and region as follows:

By End Use Industry ($M shipment analysis for 2012 – 2023):

·         Power Generation

·         Petrochemical

·         Automotive

·         Industrial Processing

·         Others

 By Material (Volume (Thousand Tons) and $M shipment analysis for 2012 – 2023):

·         Steel Pipes

·         Ductile Iron Pipes

·         Plastic Pipes

·         FRP Pipes

·         Other Pipes

By Diameter ($M shipment analysis for 2012 – 2023):

·         Small Diameter Pipes

·         Medium Diameter Pipes

·         Large Diameter Pipes

By Region (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):

-       North America

·         US

·         Canada

·         Mexico

-       Europe

·         United Kingdom

·         Germany

-       APAC

·         China

·         Japan

·         India

-       ROW

·         Brazil

·         Middle East

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This 245 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 click on this link https://www.lucintel.com/industrial-pipe-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer 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 potential, high-growth opportunities in the global industrial pipe market by end use industry, (power generation, petrochemical, automotive, industrial processing plant, and others), material (steel, ductile iron, plastic, fiberglass reinforced (FRP), and others), diameter (small diameter pipes up to 15 inches, medium diameter pipes from 15 to 30 inches, and large diameter pipes of 30 inches and above), 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 market?

Q.5 What are the business risks and threats to the market?

Q.6 What are emerging trends in this market and the 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 What are some of the competitive products and processes in this area 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 have taken place in the last 5 years in this market?

Source: Lucintel