Pipes and Pipe/Hose Fittings Global Market Report 2024

The pipes and pipe/hose fittings market has grown strongly in recent years. It will grow from $295.95 billion in 2023 to $317.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion witnessed during the historical period can be credited to advancements in water and wastewater management, the exploration of oil and gas, initiatives in renewable energy projects, rehabilitation of infrastructure, the global expansion of trade, and substantial government investments in infrastructure development.

The pipes and pipe/hose fittings market is expected to see strong growth in the next few years. It will grow to $433.97 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The projected growth in the upcoming period can be linked to several factors the implementation of smart city initiatives, increased adoption of circular economy practices, the surge in e-commerce for procurement purposes, heightened emphasis on water conservation efforts, expansion of infrastructure in the oil and gas sector, and the continuation of hydraulic fracturing (fracking) operations.

An upsurge in construction initiatives is anticipated to propel the pipes and pipes/hose fittings market forward. These projects involve the systematic creation and assembly of structures, where pipes and fittings serve as critical components for fluid conveyance purposes. According to Oxford Economics, a UK-based forecasting and econometric analysis company, the global construction output witnessed a 6.6% growth. Projections indicate an anticipated 35% expansion by 2030, leading to a substantial $4.5 trillion rise in the global construction market from 2020 to 2030, reaching a total of $15.2 trillion. This surge in construction undertakings is poised to drive growth within the pipes and pipe/hose fittings sector.

The escalating demand within the automotive industry is expected to be a catalyst for the pipes and pipes/hose fittings market. Pipes and hose fittings play integral roles within multiple vehicle systems, contributing significantly to the reliability, safety, and operational efficiency of automotive functions. Notably, data from the Board of Governors of the Federal Reserve System indicates a notable upswing in total vehicle production in the United States, soaring to 11.77 million units in July 2023 from 10.91 million units in June 2023. This surge in automotive demand is a key driver behind the growth trajectory of the pipes and pipe/hose fittings market.

Innovation remains a central trend within the pipes and pipe/hose fittings industry, with major companies actively launching novel products to fortify their market positions. For instance, Wavin, a Netherlands-based infrastructure solutions provider, introduced the Wavin Tigris K5/M5 in October 2021, featuring an innovative press fitting series equipped with a distinctive acoustic leak alert feature. This pioneering product promises to revolutionize water management techniques, particularly in metal-plastic pipe connections.

Major players in the pipes and pipe/hose fittings sector are introducing cutting-edge plumbing and drainage solutions to bolster market profitability. These solutions encompass a suite of products, systems, and services tailored for efficient water supply, distribution, and wastewater management within buildings and infrastructure. Notably, in December 2022, Prince Pipes & Fittings, an India-based PVC pipes manufacturer, unveiled skolan safe and prince hauraton. Skolan safe presents a comprehensive solution for soundproofed building drainage, featuring polypropylene (PP) pipes and fittings designed from mineral fiber-reinforced polypropylene, ensuring superior soundproofing capabilities. This environmentally conscious system, devoid of halogen and heavy metals, underscores recyclability while Prince Hauraton, leveraging German technology, offers advanced drainage solutions applicable across residential, industrial, and commercial buildings.

In July 2021, North American Pipe Corporation (NAPCO), a subsidiary of Westlake Chemical Corporation, a US-based pipes and fittings manufacturer, acquired LASCO Fittings, Inc. for an undisclosed amount. The acquisition will help NAPCO expand into new markets and will also help them specialize in half-inch to four-inch fittings to serve new markets. LASCO Fittings, Inc. is a US-based fittings manufacturer.

Major companies operating in the pipes and pipe/hose fittings market report are Advanced Drainage Systems Inc., Aliaxis Group, Amanco Company- Orbia, American Cast Iron Pipe Company, ArcelorMittal S.A., Chevron Phillips Chemical Company LLC, China Lesso Group Holdings Limited, Eaton Hydraulics Inc., EUROPIPE GmbH, EVRAZ plc, Forterra plc, Georg Fischer Ltd., GF Piping Systems Ltd., Hancor Inc., IPEX Inc., Nippon Steel & Sumitomo Metal Corporation, Nibco Inc., Tigre SA, JM Eagle Corporation, Tenaris SA, Sekisui Chemical Co. Ltd., Wienerberger AG, Pipelife International GmbH, Uponor Corporation, National Pipe and Plastics Inc., Rehau AG, Sika AG, Compagnie de Saint-Gobain S.A., Lubrizol Advanced Materials Inc., Victaulic Company.

North America was the largest region in the pipe and pipe/hose fittings market in 2023. The regions covered in the pipes and pipe/hose fittings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pipes and pipe/hose fittings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types encompass pipes themselves and the fittings required for these connections. Pipes, defined as hollow cylindrical structures made from materials such as metal or wood, serve the purpose of transporting various substances. Diverse manufacturing technologies such as compression molding, injection molding, thermoforming, extrusion, electro fusion, fabrication, and others find application in areas such as water supply, pumps and piping systems, drainage and sewage disposal, sanitation, transportation pipes, and similar sectors.

The pipes and pipe/hose fittings market research report provides pipes and pipe/hose fittings market statistics, including pipes and pipe/hose fittings industry global market size, regional shares, competitors with a pipes and pipe/hose fittings market share, detailed pipes and pipe/hose fittings market segments, market trends and opportunities, and any further data you may need to thrive in the pipes and pipe/hose fittings industry. This pipes and pipe/hose fittings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pipe and pipe/hose fittings market consists of sales of air hose connecters, couplings, adapter, valves, and others. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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