San Jose, California (PRWEB) September 06, 2013
Follow us on LinkedIn – Pipes play a vital role in several industries and are used in a variety of applications involving fluid transportation over distances. Given the sensitivity of major end-use markets such as oil & gas and construction to global macroeconomic conditions, market for pipes and pipe/hose fittings is highly variable and closely mirrors the trends in GDP, energy prices, manufacturing activity, and consumer spending levels. Growth fundamentals such as escalating energy requirements, recovery of residential and non-residential construction spending, rising stress on water supplies, and mounting interest in development of environment friendly pipes are expected to drive demand in the coming years. In the construction and automobiles sector, high-grade pipes will be in demand for efficient and safe operation of machines and vehicles.
Plastics are expected to emerge as the fastest growing material for pipes, with the segment rapidly penetrating the piping market and gaining share from metal in majority of the application areas. PVC pipes dominate the plastic pipes market with significant application in the construction and building industry. The material is expected to remain the major resin employed in plastic pipes, owing to its dominance in small diameter applications that include portable water distribution, agricultural and sanitary sewer markets. Given the increasing competition in plastic pipes market, manufacturers are focusing on the development of innovative products and resin improvements that improve efficiency of pipes in challenging environments. Development of new plastic pipes systems with higher stress resistance is expected to augment replacement of steel pipes in areas such as domestic drinking water supply, due to technical and economic benefits. Demand for PE pipes is projected to grow significantly driven by expansion in sewerage, oil & gas exploration and production activity, electrical, drainage and telecommunication industries.
Though the prevailing economic uncertainty and sluggish pace of recovery has led oil companies to economize operations and cut back on drilling budgets, future opportunities are huge for steel pipes given the rising prices of crude oil. The pipes market is also expected to benefit from the escalating demand for structural steel products in developing markets. Rising investments in sectors such as power generation and automotive and increasing government investments in infrastructure projects such as water and sewage systems augur well for the welded pipes market. With the demand for energy continuing to escalate, drilling activity is increasingly shifting towards offshore regions and deeper waters. This is expected to drive the demand for specialty line pipes. In addition to conventional oil and gas pipelines, steel pipes are also expected to gain from other sectors including construction, piped gas distribution, fire safety segments, and automotive.
As stated by the new market research report on Pipes and Pipe/Hose Fittings, Asia-Pacific represents the largest and fastest growing market worldwide. Opportunities are huge in the emerging markets of China and India. Non-residential construction scenario in Asian and Eastern European nations showcases a stabilized picture, and promises a quick rebound in terms of renovations, constructions and refurbishments. Countries such as India offer significant growth prospects driven by factors such as increased focus on laying pipelines for oil & natural gas transport, irrigation facilities and water & sewage transport. In the United States, pipes market stands to gain from the recovery in construction activity, enhanced focus on developing shale gas reserves and growing need for replacing and repairing aging water pipe networks.
Key players covered in the report include Advanced Drainage Systems Inc., Aliaxis SA, AMERICAN Cast Iron Pipe Company, Arcelor Mittal, CertainTeed Corporation, Chevron Phillips Chemical Company LLC, Eaton Hydraulics Group, Europipe GmbH, Evraz Inc., Hancor Inc., Ipex, Inc., JM Eagle Company Inc., Nippon Steel & Sumitomo Metal Corporation, North American Pipe Corp., Pipelife International GmbH, Tenaris Group, Confab Industrial SA, Tenaris, Tessenderlo Group, Tigre SA, US Steel Corp. and Wavin N.V among others.
The research report titled “Pipes and Pipe/Hose Fittings: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Middle East, and Latin America. Segments analyzed include Pipes (Concrete, Polyethylene, PVC, Steel and Other Pipes) and Pipe and Hose Fittings (Metal Flanges and Unions, Hydraulic Couplings and Other Fittings).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Pipes_and_Pipe_Hose_Fittings_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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