Metal Pipes Market Growth Highlights:
The global metal pipes market is expected to witness a CAGR of around 4%, and its value is expected to reach around USD 70 billion during the forecast period.
The global metal pipes market is expected to witness sustainable growth throughout the forecast period. The increased use of metal pipes in Asia-Pacific, increasing construction of new pipelines, and replacement of old and obsolete pipeline, across industries, such as oil gas, water wastewater, infrastructure development, and investment in material RD is expected to raise the demand for metal pipes. The various advantages of metal pipes, such as longer shelf life, durability, ease of installation, and easy maintenance, are expected to add to the demand. However, the fluctuating raw material prices are expected to hinder the market growth.
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North America to witness moderate growth in the global metal pipes market over the forecast period.
On the basis of region, the global metal pipes market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America dominated the global market, primarily due to the various investments in the pipeline upgrading projects for water infrastructure.
Asia-Pacific is expected to witness the highest growth during the forecast period, where China held the largest market share in 2017. This is attributed to the increasing population and rapid urbanization, which has created a demand for clean drinking water. Furthermore, the growth of the various industries has also led to the demand for clean water for various industrial applications. This has fueled the demand for metal pipes in the region.
Water and wastewater segment to hold the highest growth rate during the forecast period 2018–2023.
On the basis of end-use, the water and wastewater segment is expected to witness the maximum growth during the forecast period. The growing population along with the positive economic conditions in the world is expected to increase the demand for clean water, which requires investments in water-related infrastructure and services, leading to the market growth.
Scope of the Report
This study provides an overview of the global metal pipes market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Metal Pipes market by material, by diameter by end-use, and by region.
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By Material
Steel
Ductile Iron
Copper
Others
By Diameter
Up to 15 inches
Above 15 inches
By End-use
Oil gas
Water wastewater
Power
HVAC electrical
Others
By Region
North America
Asia-Pacific
Europe
Rest of the World
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