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Industrial Pipe Market is expected to reach $22 Billion by 2026 – An exclusive market research report by Lucintel

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Industrial Pipe Market is expected to reach $22 Billion by 2026 – An exclusive market research report by Lucintel

September 14
10:18 2021
Industrial Pipe Market is expected to reach $22 Billion by 2026 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Industrial Pipe Market
Trends, opportunities and forecast in industrial pipe market to 2026 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, medium diameter pipes, and large diameter pipes), pressure rating (low pressure pipes, medium pressure pipes, and high pressure pipes), and region (North America, Europe, Asia Pacific, and Rest of the World)

Lucintel’s latest market report analyzed that industrial pipe provides attractive opportunities in power generation, petrochemical, automotive, and industrial processing. The industrial pipe market is expected to reach $22 billion by 2026 with a CAGR of 6.9%. In this market, steel pipe is the largest segment by material, whereas petrochemical is largest by end use industry. Increasing use of dopeless technology in pipe manufacturing to reduce operational risk and development of multilayer pipe to increase strength and durability provides strategic growth path in this market.

Download Brochure of this report by clicking on https://www.lucintel.com/industrial-pipe-market.aspx   Based on material, the industrial pipe market is segmented into steel, ductile iron, plastic, fiberglass reinforced (FRP), and others. The steel segment accounted for the largest share of the market in 2020 due to increasing demand for steel pipes in power generation and petrochemical industries and plastic pipe is expected to register the highest CAGR during the forecast period, because of low cost, light weight and corrosion resistant.

Browse in-depth TOC on “Industrial Pipe Market”

155 – Tables

110 – Figures

264 – Pages

The industrial pipe market is marked by the presence of several big and small players. Some of the prominent players offering Industrial pipe include Vallourec, TMK, Tenaris, China Lesso, ArcelorMittal, Orbia Advance Corporation, Sekisui Chemicals, Advanced Drainage System, Amiantit, and Future Pipe.

 

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 click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers 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.

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