Metal Pipes Market Growth Analysis | 2022-2028

Market Insights

The metal pipes market is likely to grow at a healthy CAGR of 4.2% during the forecast period of 2022-2028.

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What are metal pipes?

Metal pipes are cylindrical tubes made from metals that are used for the supply of water or gases. Metal pipes are strong and durable, and are used for various purposes such as underground for transporting water and gas throughout cities and towns.

Market Dynamics

The major factors driving the growth of the metals pipes market are-

• The growth of end-use industries such as oil & gas, water & wastewater, power, HVAC & electrical among others has significantly contributed to the growth of the market.
• Furthermore, metal pipes offer many advantages over other pipes, such as durability, sustainability, ease of installation, and easy maintenance.
• As these pipes are made out of steel, ductile iron, copper, and others, they have remarkable tensile strength while they remain stable at extreme temperatures and are unaffected by factors such as heat and cold, making them the desired choice for conveying water, chemicals, and oil.
• All these aforementioned factors are expected to drive the growth of the market during the forecast period.

Opportunities

The metal pipes market is experiencing growth due to its widespread use in industries like water transport, oil and gas transportation, and chemical production. These pipes are easy to maintain, durable, and easy to install, making them suitable for long-term use. They can withstand various climatic changes, including cold, heat, and extreme temperatures.

Restraints

The metal pipes market's growth is hindered by the availability of substitute products like plastic and iron pipes, as well as the high-cost efficiency of raw materials. The increased usage of metal pipes post-pandemic has also led to fluctuating product costs, further limiting the market's growth. Therefore, addressing these factors is crucial for the industry's success.

Challenge

The metal pipes market faces challenges in improving production due to increased demand in agriculture, construction, industrial water lines, and sewage water disposal. Despite pandemic-related transportation issues, the market is expected to grow post-pandemic, indicating a potential for increased growth.

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Segment Analysis

By Material Type

The market is segmented as steel, ductile iron, copper, and others. Steel is expected to witness significant growth in the market during the forecast period owing to its increasing demand from the oil and gas, power, and automotive industries. The demand for steel in industries is supported by its properties such as durability, high strength, low corrosion, longer shelf life, and good thermal resistance. 

By End-Use Type

The market is segmented as oil & gas, water & wastewater, power, HVAC & electrical, and others. The water & wastewater segment is estimated to witness the highest growth during the forecast period. The growth of the segment is owing to the increasing demand for consumable water, the growing population, and increasing investment in water-related infrastructure. 

Regional Insights

North America is estimated to be the leading region in the market for metal pipes during the forecast period. The region’s growth is driven by the increasing demand from the oil and gas industry. Asia-Pacific is expected to witness significant growth over the forecast period, supported by urbanization, surge in demand for consumable water, and investment in water-related infrastructures. Europe is also expected to offer substantial growth opportunities during the forecast period.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The metal pipes market is segmented into the following categories.

By Material Type

• Steel
• Ductile Iron
• Copper
• Others

By Diameter Type

• Up To 15 Inches
• Above 15 Inches

By End-Use Type

• Oil & Gas
• Water & Wastewater
• Power
• HVAC & Electrical
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

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Key Players

Some of the key players in the market are-

• ArcelorMittal S.A.
• Northwest Pipe Company
• Compagnie de Saint-Gobain SA
• Muller Industries, Inc.
• Narsk Hydro ASA
• Nippon Steel and Sumitomo Metals
• Saudi Arabian Amiantit Company
• Tenaris SA
• TMK Group
• United States Steel Corporation.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Segmentation

• Current market segmentation by any one of the material types by end-use type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].