Pressure Pipe Market Size, Share, Growth, And Industry Analysis, By Type (Plastic Pipe, Iron Pipe, Steel Pipe, Concrete Pipe, and Others), By Application (Oil and Gas, Utility, Construction, Machinery, and Others) Regional Forecast to 2027

Updated On: 22 April 2024

Pressure pipe market Report Overview

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The global Pressure pipe market size was valued at USD 15590.16 million in 2021 and is expected to reach USD 20472.48 million by 2027, at CAGR of 4.65% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the Pressure pipe market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Pressure pipes are a type of plumbing or piping system designed to carry fluids under pressure. These pipes are commonly used to transport pressurized liquids, gases, or other substances within a wide range of applications, including water supply, sewage systems, industrial processes, and more. Pressure pipes are typically constructed from materials that can withstand the internal pressure and are designed to maintain their structural integrity even when subjected to high levels of pressure.

The global pressure pipe market is influenced by factors such as population growth, urbanization, industrialization, and infrastructure development. Growing demand for water supply and wastewater management, as well as increased usage in industries like oil and gas, chemicals, and construction, has driven the demand for pressure pipes. The global demand of pressure pipe has been increasing because of its use in several industries as well.

COVID-19 Impact: Market Faced a Fall in Demand Due to Fall in Activity in the Construction Industry During the Pandemic

There was no single sector unaffected by COVID-19. The Pressure pipe market was affected as well. Consumer preferences shifted during the pandemic. The construction industry, a significant consumer of pressure pipes, faced challenges due to pandemic-related lockdowns and reduced economic activity. This resulted in a slowdown in construction projects and, consequently, a reduced demand for pressure pipes in certain regions.

Latest Trends

"Integration of Smart Pipe Technologies to Make Market More Efficient"

The Industrial Pressure pipe market is as dynamic as any market. In the market, there are everyday developments in the market to add more benefits to it. The integration of smart technologies in pressure pipes has been a notable trend. These technologies enable real-time monitoring of pipe conditions, leakage detection, and predictive maintenance, helping to reduce water losses and improve overall system efficiency.

Pressure pipe market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Plastic Pipe, Iron Pipe, Steel Pipe, Concrete Pipe, and Others.

In terms of services, Plastic Pipe is the largest segment, as it holds the maximum share of the market.

• By Application Analysis

Based on application, the market can be divided into Oil and Gas, Utility, Construction, Machinery, and Others.

Driving Factors

"Infrastructure Development due to Urbanization Have Increased Demand in the Market"

As more people move to urban areas, the demand for infrastructure, including water supply and wastewater systems, increases. Urbanization drives the need for pressure pipes to support growing populations. Investments in infrastructure projects, such as water supply networks, sewage systems, and industrial facilities, fuel the demand for pressure pipes. Governments and municipalities often undertake such projects to improve public services and promote economic growth. A growing global population results in increased demand for essential services like clean water and sanitation. Pressure pipes are integral to meeting these demands.

"Advancements in Technology Has Influenced the Demand in the Market"

Innovations in pipe materials, manufacturing processes, and smart pipe technologies enhance the performance and longevity of pressure pipes. These advancements attract industries looking for efficient and durable solutions. Technological advancements have had a significant impact on the pressure pipe market. These innovations have led to the development of more efficient, durable, and sustainable pressure pipe systems. This contributes to the Pressure pipe market growth.  

Restraining Factors

"Environmental Concerns Could Lead to a Declining Trend in the Market "

Pressure pipe materials and manufacturing processes are increasingly scrutinized for their environmental impact. Stricter environmental regulations and customer preferences for sustainable products may necessitate changes in manufacturing practices. As a consequence, there can be a declining trend in the market. 

Pressure pipe market Regional Insights

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"North America Region Dominates the Market Has Strong Infrastructure Demand"

North America has the largest Industrial Pressure pipe market share as it has a well-developed infrastructure, with a significant need for pressure pipes to support water supply, wastewater management, and other utilities. The region's aging infrastructure requires regular upgrades and replacements, leading to a consistent demand for pressure pipes. The high population density in North America, especially in urban areas, results in a greater demand for water distribution and sewage systems. This drives the need for pressure pipes to ensure reliable services.

North America is home to a diverse range of industries, including oil and gas, chemicals, manufacturing, and construction, all of which rely on pressure pipes for various processes and utilities. North America has a strong and stable economy, which supports investments in infrastructure and industrial projects. This economic prosperity contributes to a robust demand for pressure pipes. The region has a history of technological innovation in pressure pipe materials, manufacturing processes, and smart pipe technologies, making it a leader in adopting and developing new solutions.

Key Industry Players

"Key Players Focus On Research and Development and Quality Assurance For Market Expansion"

Leading companies invest heavily in research and development (R&D) to innovate and improve pressure pipe materials, manufacturing processes, and technologies. They aim to develop more durable, efficient, and sustainable pipe systems. Maintaining high-quality standards is crucial for key players in the pressure pipe market. They implement rigorous quality control measures to ensure that their products meet or exceed industry standards and regulatory requirements. These companies often have robust distribution networks to ensure that their pressure pipe products are readily available to customers. They may have multiple distribution centers and strategic partnerships to facilitate efficient supply chain operations. Key players typically have a global presence, with operations and sales in multiple countries and regions. Their international reach allows them to serve a wide customer base and adapt to varying market conditions.

List of Market Players Profile

• Cresline Plastic Pipe Co(Indiana)
• Kubota-Chemix(Japan)
• Northern Pipe(U.S.)
• Charlotte Pipe and Foundry(U.S.)
• Aliaxis(Belguim)

Report Coverage

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Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.