Pipes and Pipe/Hose Fittings Market to Reach US$155 Billion in 2010, According to New Report

The world pipes and pipe/hose fittings market is expected to rise due to steady demand from construction industry, oil and gas, mechanical engineering, house renovation and repairs industry, automotive engineering, sewage, and agriculture and irrigation industry. The market is projected to reach a value of US$155 billion by 2010.

San Jose, CA (PRWEB) July 9, 2007 -- The pipes market (http://www.strategyr.com/MCP-2770.asp) is being propelled by rapidly growing global energy requirements leading to new oil & gas infrastructure. China is expected to offer substantial growth prospects with growth stemming from infrastructure modernization, replacement of other materials with pipes, expanding crop irrigation and a booming construction activity. PVC pipes dominate the worldwide market for pipes with widespread application in the construction and building industry. PE pipes represent the second largest market for pipes worldwide. The market is projected to grow significantly owing to expansion in sewerage, oil & gas, electrical, drainage, and telecommunication industries. Increasing replacements of other materials with plastic pipes are also set to spur demand.

"Pipes and Pipe/Hose Fittings: A Global Strategic Business Report" provides a comprehensive review of market trends, product profile, players, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East. Value analytics are provided in terms of product segments including Pipes (Aluminum Pipes, Cast Iron Pipes, Clay Pipes, Concrete Pipes, Polyethylene Pipes, PVC Pipes, Steel Pipes) and Pipe and Hose Fittings (Metal Flanges and Unions, Hydraulic Couplings).

Increasing demand for plastic variants such as PVC and PE pipes, as well as steel pipes is driving global market growth. Europe is the largest market for pipes and pipe/hose fittings worldwide at an estimated US$38 billion in 2007. Asia is the second largest market followed by United States. The US, Europe and Asia collectively account for about 72 percent of the global share. Asia is the fastest growing market with CAGR of about 9% through 2010. Development of infrastructure in Asia-Pacific is likely to boost demand for pipes in the region, whilst developed markets will show a steady rate of growth due to replacement demand. PVC pipes market (http://www.strategyr.com/MCP-2770.asp) is estimated at US$37.5 billion in 2007. Steel pipes market (http://www.strategyr.com/MCP-2770.asp) is projected to reach US$12.3 billion by 2010.

The global marketplace is highly fragmented and characterized by numerous regional and few international players. Market participants include A.G. Petzetakis, Advanced Drainage Systems/Hancor, Aliaxis SA, Arkema SA, Amanco, American Ductile Iron Pipe, Ameron International, Arcelor Mittal, Aronkasei, Advanced Technology Products, Bambanani Pipes & Fittings, Central Plastics Company, CertainTeed Corporation, Chevron Philips Chemical, Couplamatic Systems, Dura Line Corp, Eaton's Aeroquip Group, Ennstone Plc, Europipe, Hanson Pipe and Precast Inc, Hobas Pipe, Ipex, IPSCO, JM Manufacturing Company, Brugg, KWH Group, Lamson & Sessions, Lone Star Steel Corp., National Pipe and Plastics, Nibco, Nippon Steel Corp, Oregon Steel Mills, Pipelife International, Polypipe Group, PW Eagle/USPoly Company, REHAU AG + Co, Royal Group Technologies, Stupp Corp, Sumitomo Metal Industries, Tenaris Group, Tessenderlo Group, Uponor, US Steel Corp and Wavin BV.

For more details about this research report, please visit www.strategyr.com/MCP-2770.asp

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