Piping Systems Market By Product Type , By Material By End User : Global Opportunity Analysis and Industry Forecast, 2024-2032

Description

The piping systems market was valued at $4.4 billion in 2023, and is projected to reach $6.5 billion by 2032, growing at a CAGR of 4.8% from 2024 to 2032.

Piping systems are essential infrastructures in various industries, facilitating the efficient and safe transport of fluids such as liquids, gases, and sometimes solids. Comprising pipes, valves, fittings, and other components, these systems are integral to operations in industrial, commercial, and residential settings. They are used in applications ranging from chemical plants and oil refineries to HVAC systems and residential plumbing.

The growth of the global piping systems market is majorly driven by rapid industrialization and urbanization worldwide , which increase the demand for efficient piping systems in various sectors, including manufacturing, construction, and infrastructure. Moreover, expansion of the oil & gas industry, including exploration, production, and transportation, necessitates robust and reliable piping systems, thus fostering the market growth. Furthermore, increase in need for effective water and wastewater management systems in urban and industrial areas boosts the demand for reliable piping systems. With exponentially increasing population, industrial activities are expected to increase correspondingly, which intensifies the pressure on water resources, leading to higher contamination and pollution concerns. In response, municipalities, industries, and communities worldwide are heavily investing in robust water treatment infrastructure to ensure the supply of clean and safe water. According to the US Water Alliance, approximately 52,000 water

systems in the U.S. deliver drinking water to homes and businesses and around 16,000 centralized treatment plants collect and treat wastewater. As per the assessment done by the the American Society of Civil Engineers in 2016, an additional investment of $82 billion is required to be done by the U.S. per year in water infrastructure. This, in turn, boost the demand for piping systems, as they remain a critical component in municipal and industrial water treatment plants. Furthermore, ongoing need to replace and upgrade aging infrastructure, especially in developed regions, drives the demand for modern piping systems. However, high cost associated with the installation and maintenance of advanced piping systems acts as a significant barrier, particularly for small and medium-sized enterprises. In addition, piping systems that are used in harsh environments are prone to corrosion and wear, necessitating regular maintenance, which incur additional cost, thus hampering the market growth. On the contrary, innovations in materials and manufacturing technologies, such as corrosion-resistant alloys and advanced welding techniques, to ensure enhanced performance and longevity of piping systems are expected to open new avenues for the market growth during the forecast period. Moreover, integration of sensors and Internet of Things technologies for real-time monitoring, leak detection, and predictive maintenance to enhance efficiency and reduce downtime is expected to offer lucrative opportunities for the market growth.

The global piping system market is segmented into product type, material, end user, and region. On the basis of product type, the market is divided into metal piping systems, plastic piping systems, and composite piping systems. Depending on material, it is segregated into stainless steel, carbon steel, alloy steel, and others. By end user, it is categorized into power plants, petroleum refineries, offshore and marine, chemical and fertilizers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By product type, the metal piping systems segment held the highest market share in 2023, and is expected to garner a leadership status by 2032.

On the basis of material, the carbon steel segment was the major shareholder in 2023, and is projected to continue the same trend during the forecast period.

Depending on end user, petroleum emerged as a leading segment in 2023, and is likely dominate in the coming years.

Region wise, Asia-Pacific was the highest contributor to the piping systems market in 2023, and is anticipated to secure a leading position during the forecast period.

Competition Analysis

Competitive analysis and profiles of the major players in the global piping systems market include ASTRAL LIMITED, Prince Pipes And Fittings Ltd., ArcelorMittal, JM EAGLE, INC., Nippon Steel Corporation, Tata Steel Limited, Tenaris SA, United States Steel Corporation, Sumitomo Corporation, and Nucor Corporation (Nucor Tubular Products). These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to gain a strong foothold and sustain the intense competition.

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Key Market Segments

By Product Type

Metal Piping Systems
Plastic Piping Systems
Composite Piping Systems

By Material

Stainless Steel
Carbon Steel
Alloy Steel
Others

By End User

Power Plants
Petroleum Refineries
Offshore And Marine
Chemical And Fertilizers
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA

Key Market Players:

ASTRAL LIMITED
Prince Pipes And Fittings Ltd.
ArcelorMittal
JM EAGLE, INC.
Nippon Steel Corporation
Tata Steel Limited
Tenaris SA
United States Steel Corporation
Sumitomo Corporation
Nucor Corporation (Nucor Tubular Products)

Product Code: A47273

CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
- 1.4.1. Primary Research
- 1.4.2. Secondary Research
- 1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
- 3.2.1. Top Investment Pockets
- 3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
- 3.3.1. Bargaining Power of Suppliers
- 3.3.2. Threat of New Entrants
- 3.3.3. Threat of Substitutes
- 3.3.4. Competitive Rivalry
- 3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities

CHAPTER 4: PIPING SYSTEMS MARKET, BY PRODUCT TYPE

4.1. Market Overview
- 4.1.1 Market Size and Forecast, By Product Type
4.2. Metal Piping Systems
- 4.2.1. Key Market Trends, Growth Factors and Opportunities
- 4.2.2. Market Size and Forecast, By Region
- 4.2.3. Market Share Analysis, By Country
4.3. Plastic Piping Systems
- 4.3.1. Key Market Trends, Growth Factors and Opportunities
- 4.3.2. Market Size and Forecast, By Region
- 4.3.3. Market Share Analysis, By Country
4.4. Composite Piping Systems
- 4.4.1. Key Market Trends, Growth Factors and Opportunities
- 4.4.2. Market Size and Forecast, By Region
- 4.4.3. Market Share Analysis, By Country

CHAPTER 5: PIPING SYSTEMS MARKET, BY MATERIAL

5.1. Market Overview
- 5.1.1 Market Size and Forecast, By Material
5.2. Stainless Steel
- 5.2.1. Key Market Trends, Growth Factors and Opportunities
- 5.2.2. Market Size and Forecast, By Region
- 5.2.3. Market Share Analysis, By Country
5.3. Carbon Steel
- 5.3.1. Key Market Trends, Growth Factors and Opportunities
- 5.3.2. Market Size and Forecast, By Region
- 5.3.3. Market Share Analysis, By Country
5.4. Alloy Steel
- 5.4.1. Key Market Trends, Growth Factors and Opportunities
- 5.4.2. Market Size and Forecast, By Region
- 5.4.3. Market Share Analysis, By Country
5.5. Others
- 5.5.1. Key Market Trends, Growth Factors and Opportunities
- 5.5.2. Market Size and Forecast, By Region
- 5.5.3. Market Share Analysis, By Country

CHAPTER 6: PIPING SYSTEMS MARKET, BY END USER

6.1. Market Overview
- 6.1.1 Market Size and Forecast, By End User
6.2. Power Plants
- 6.2.1. Key Market Trends, Growth Factors and Opportunities
- 6.2.2. Market Size and Forecast, By Region
- 6.2.3. Market Share Analysis, By Country
6.3. Petroleum Refineries
- 6.3.1. Key Market Trends, Growth Factors and Opportunities
- 6.3.2. Market Size and Forecast, By Region
- 6.3.3. Market Share Analysis, By Country
6.4. offshore And Marine
- 6.4.1. Key Market Trends, Growth Factors and Opportunities
- 6.4.2. Market Size and Forecast, By Region
- 6.4.3. Market Share Analysis, By Country
6.5. Chemical And Fertilizers
- 6.5.1. Key Market Trends, Growth Factors and Opportunities
- 6.5.2. Market Size and Forecast, By Region
- 6.5.3. Market Share Analysis, By Country
6.6. Others
- 6.6.1. Key Market Trends, Growth Factors and Opportunities
- 6.6.2. Market Size and Forecast, By Region
- 6.6.3. Market Share Analysis, By Country

CHAPTER 7: PIPING SYSTEMS MARKET, BY REGION

7.1. Market Overview
- 7.1.1 Market Size and Forecast, By Region
7.2. North America
- 7.2.1. Key Market Trends and Opportunities
- 7.2.2. Market Size and Forecast, By Product Type
- 7.2.3. Market Size and Forecast, By Material
- 7.2.4. Market Size and Forecast, By End User
- 7.2.5. Market Size and Forecast, By Country
- 7.2.6. U.S. Piping Systems Market
  - 7.2.6.1. Market Size and Forecast, By Product Type
  - 7.2.6.2. Market Size and Forecast, By Material
  - 7.2.6.3. Market Size and Forecast, By End User
- 7.2.7. Canada Piping Systems Market
  - 7.2.7.1. Market Size and Forecast, By Product Type
  - 7.2.7.2. Market Size and Forecast, By Material
  - 7.2.7.3. Market Size and Forecast, By End User
- 7.2.8. Mexico Piping Systems Market
  - 7.2.8.1. Market Size and Forecast, By Product Type
  - 7.2.8.2. Market Size and Forecast, By Material
  - 7.2.8.3. Market Size and Forecast, By End User
7.3. Europe
- 7.3.1. Key Market Trends and Opportunities
- 7.3.2. Market Size and Forecast, By Product Type
- 7.3.3. Market Size and Forecast, By Material
- 7.3.4. Market Size and Forecast, By End User
- 7.3.5. Market Size and Forecast, By Country
- 7.3.6. France Piping Systems Market
  - 7.3.6.1. Market Size and Forecast, By Product Type
  - 7.3.6.2. Market Size and Forecast, By Material
  - 7.3.6.3. Market Size and Forecast, By End User
- 7.3.7. Germany Piping Systems Market
  - 7.3.7.1. Market Size and Forecast, By Product Type
  - 7.3.7.2. Market Size and Forecast, By Material
  - 7.3.7.3. Market Size and Forecast, By End User
- 7.3.8. Italy Piping Systems Market
  - 7.3.8.1. Market Size and Forecast, By Product Type
  - 7.3.8.2. Market Size and Forecast, By Material
  - 7.3.8.3. Market Size and Forecast, By End User
- 7.3.9. Spain Piping Systems Market
  - 7.3.9.1. Market Size and Forecast, By Product Type
  - 7.3.9.2. Market Size and Forecast, By Material
  - 7.3.9.3. Market Size and Forecast, By End User
- 7.3.10. UK Piping Systems Market
  - 7.3.10.1. Market Size and Forecast, By Product Type
  - 7.3.10.2. Market Size and Forecast, By Material
  - 7.3.10.3. Market Size and Forecast, By End User
- 7.3.11. Russia Piping Systems Market
  - 7.3.11.1. Market Size and Forecast, By Product Type
  - 7.3.11.2. Market Size and Forecast, By Material
  - 7.3.11.3. Market Size and Forecast, By End User
- 7.3.12. Rest of Europe Piping Systems Market
  - 7.3.12.1. Market Size and Forecast, By Product Type
  - 7.3.12.2. Market Size and Forecast, By Material
  - 7.3.12.3. Market Size and Forecast, By End User
7.4. Asia-Pacific
- 7.4.1. Key Market Trends and Opportunities
- 7.4.2. Market Size and Forecast, By Product Type
- 7.4.3. Market Size and Forecast, By Material
- 7.4.4. Market Size and Forecast, By End User
- 7.4.5. Market Size and Forecast, By Country
- 7.4.6. China Piping Systems Market
  - 7.4.6.1. Market Size and Forecast, By Product Type
  - 7.4.6.2. Market Size and Forecast, By Material
  - 7.4.6.3. Market Size and Forecast, By End User
- 7.4.7. Japan Piping Systems Market
  - 7.4.7.1. Market Size and Forecast, By Product Type
  - 7.4.7.2. Market Size and Forecast, By Material
  - 7.4.7.3. Market Size and Forecast, By End User
- 7.4.8. India Piping Systems Market
  - 7.4.8.1. Market Size and Forecast, By Product Type
  - 7.4.8.2. Market Size and Forecast, By Material
  - 7.4.8.3. Market Size and Forecast, By End User
- 7.4.9. South Korea Piping Systems Market
  - 7.4.9.1. Market Size and Forecast, By Product Type
  - 7.4.9.2. Market Size and Forecast, By Material
  - 7.4.9.3. Market Size and Forecast, By End User
- 7.4.10. Australia Piping Systems Market
  - 7.4.10.1. Market Size and Forecast, By Product Type
  - 7.4.10.2. Market Size and Forecast, By Material
  - 7.4.10.3. Market Size and Forecast, By End User
- 7.4.11. Thailand Piping Systems Market
  - 7.4.11.1. Market Size and Forecast, By Product Type
  - 7.4.11.2. Market Size and Forecast, By Material
  - 7.4.11.3. Market Size and Forecast, By End User
- 7.4.12. Malaysia Piping Systems Market
  - 7.4.12.1. Market Size and Forecast, By Product Type
  - 7.4.12.2. Market Size and Forecast, By Material
  - 7.4.12.3. Market Size and Forecast, By End User
- 7.4.13. Indonesia Piping Systems Market
  - 7.4.13.1. Market Size and Forecast, By Product Type
  - 7.4.13.2. Market Size and Forecast, By Material
  - 7.4.13.3. Market Size and Forecast, By End User
- 7.4.14. Rest of Asia-Pacific Piping Systems Market
  - 7.4.14.1. Market Size and Forecast, By Product Type
  - 7.4.14.2. Market Size and Forecast, By Material
  - 7.4.14.3. Market Size and Forecast, By End User
7.5. LAMEA
- 7.5.1. Key Market Trends and Opportunities
- 7.5.2. Market Size and Forecast, By Product Type
- 7.5.3. Market Size and Forecast, By Material
- 7.5.4. Market Size and Forecast, By End User
- 7.5.5. Market Size and Forecast, By Country
- 7.5.6. Brazil Piping Systems Market
  - 7.5.6.1. Market Size and Forecast, By Product Type
  - 7.5.6.2. Market Size and Forecast, By Material
  - 7.5.6.3. Market Size and Forecast, By End User
- 7.5.7. South Africa Piping Systems Market
  - 7.5.7.1. Market Size and Forecast, By Product Type
  - 7.5.7.2. Market Size and Forecast, By Material
  - 7.5.7.3. Market Size and Forecast, By End User
- 7.5.8. Saudi Arabia Piping Systems Market
  - 7.5.8.1. Market Size and Forecast, By Product Type
  - 7.5.8.2. Market Size and Forecast, By Material
  - 7.5.8.3. Market Size and Forecast, By End User
- 7.5.9. UAE Piping Systems Market
  - 7.5.9.1. Market Size and Forecast, By Product Type
  - 7.5.9.2. Market Size and Forecast, By Material
  - 7.5.9.3. Market Size and Forecast, By End User
- 7.5.10. Argentina Piping Systems Market
  - 7.5.10.1. Market Size and Forecast, By Product Type
  - 7.5.10.2. Market Size and Forecast, By Material
  - 7.5.10.3. Market Size and Forecast, By End User
- 7.5.11. Rest of LAMEA Piping Systems Market
  - 7.5.11.1. Market Size and Forecast, By Product Type
  - 7.5.11.2. Market Size and Forecast, By Material
  - 7.5.11.3. Market Size and Forecast, By End User

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top Winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top Player Positioning, 2023

CHAPTER 9: COMPANY PROFILES

9.1. ASTRAL LIMITED
- 9.1.1. Company Overview
- 9.1.2. Key Executives
- 9.1.3. Company Snapshot
- 9.1.4. Operating Business Segments
- 9.1.5. Product Portfolio
- 9.1.6. Business Performance
- 9.1.7. Key Strategic Moves and Developments
9.2. Prince Pipes And Fittings Ltd.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Operating Business Segments
- 9.2.5. Product Portfolio
- 9.2.6. Business Performance
- 9.2.7. Key Strategic Moves and Developments
9.3. ArcelorMittal
- 9.3.1. Company Overview
- 9.3.2. Key Executives
- 9.3.3. Company Snapshot
- 9.3.4. Operating Business Segments
- 9.3.5. Product Portfolio
- 9.3.6. Business Performance
- 9.3.7. Key Strategic Moves and Developments
9.4. JM EAGLE, INC.
- 9.4.1. Company Overview
- 9.4.2. Key Executives
- 9.4.3. Company Snapshot
- 9.4.4. Operating Business Segments
- 9.4.5. Product Portfolio
- 9.4.6. Business Performance
- 9.4.7. Key Strategic Moves and Developments
9.5. Nippon Steel Corporation
- 9.5.1. Company Overview
- 9.5.2. Key Executives
- 9.5.3. Company Snapshot
- 9.5.4. Operating Business Segments
- 9.5.5. Product Portfolio
- 9.5.6. Business Performance
- 9.5.7. Key Strategic Moves and Developments
9.6. Tata Steel Limited
- 9.6.1. Company Overview
- 9.6.2. Key Executives
- 9.6.3. Company Snapshot
- 9.6.4. Operating Business Segments
- 9.6.5. Product Portfolio
- 9.6.6. Business Performance
- 9.6.7. Key Strategic Moves and Developments
9.7. Tenaris SA
- 9.7.1. Company Overview
- 9.7.2. Key Executives
- 9.7.3. Company Snapshot
- 9.7.4. Operating Business Segments
- 9.7.5. Product Portfolio
- 9.7.6. Business Performance
- 9.7.7. Key Strategic Moves and Developments
9.8. United States Steel Corporation
- 9.8.1. Company Overview
- 9.8.2. Key Executives
- 9.8.3. Company Snapshot
- 9.8.4. Operating Business Segments
- 9.8.5. Product Portfolio
- 9.8.6. Business Performance
- 9.8.7. Key Strategic Moves and Developments
9.9. Sumitomo Corporation
- 9.9.1. Company Overview
- 9.9.2. Key Executives
- 9.9.3. Company Snapshot
- 9.9.4. Operating Business Segments
- 9.9.5. Product Portfolio
- 9.9.6. Business Performance
- 9.9.7. Key Strategic Moves and Developments
9.10. Nucor Corporation (Nucor Tubular Products)
- 9.10.1. Company Overview
- 9.10.2. Key Executives
- 9.10.3. Company Snapshot
- 9.10.4. Operating Business Segments
- 9.10.5. Product Portfolio
- 9.10.6. Business Performance
- 9.10.7. Key Strategic Moves and Developments