Global Pipes and Pipe/Hose Fittings Market to Reach US$152 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Pipes and Pipe/Hose Fittings market. World Pipes and Pipe/Hose Fittings market is forecast to reach US$152 billion by the year 2017. Growth in the market is expected to steadily rise driven by resurgence in demand from construction, oil and gas, mechanical engineering, automotive engineering, and agriculture and irrigation industries. In the long-term, economic development and urbanization of emerging economies would continue to have a positive impact on the pipes and hose fittings industry.

Pipes and Pipe/Hose Fittings: A Global Strategic Business Report

Follow us on LinkedIn – The market for pipes and pipe/hose fittings is highly variable and dependent on factors such as economic conditions, growth in GDP, consumer purchasing power, and the overall health of the end-user industries. After witnessing a marked decline in demand volumes during 2008 and 2009, as a result of weak economy and infrastructure spending, the global pipes industry recorded a resurgence in demand in 2010 driven by notable improvement in capital spending in select countries. However, by mid-2011, demand slipped as investment activity weakened among the major end-use sectors owing to the deepening debt crisis in Europe and slow economic recovery in North America. Though the immediate term outlook for the pipes industry remains cautious amidst the lingering financial uncertainty and waning business confidence, optimism prevails for a modest recovery in 2013 with the surfacing of better preconditions subsequent to the easing of the Eurozone debt crisis. In the medium term, growth in the market is expected to gain momentum, but would display a two-speed recovery pace among emerging and developed economies. While sales in the emerging markets would continue to remain robust driven by increased investments, growth in the developed countries of the US and Europe would be at an anemic pace.

Going forwards, strong market growth will be witnessed in water and sanitation sector. A combination of greater government emphasis on irrigation, strong private sector participation in water supply projects, and improved multi-lateral lending for water-related sectors presents huge potential in this segment. Burgeoning demand for pipes will also be propelled by rapidly growing global energy requirements, leading to establishment of new oil & gas infrastructure for exploration. The high oil and gas price levels is expected to warrant invigorating investment activity in the energy sector, while focus on new energy mix following the nuclear catastrophe in Japan is expected to revitalize the power plant business. In construction equipment and automobiles, high-grade pipes are expected to be in demand for safe operation of machines and vehicles. Demand will continue to rise for pipe products which exhibit optimum balance between workability and strength, meet specific requirements for individual applications, and help reduce weight of finished products and achieve smart processing. Meanwhile, the need to redevelop and restore the ageing public sewer system will also offer opportunities for the pipe industry. Federal stimulus package for water, agriculture and infrastructure projects will also be a key driver.

As stated by the new market research report on Pipes and Pipe/Hose Fittings, the Europe represents the largest regional market. Emerging economies, especially Asia-Pacific and Middle East will be the crucial factor in driving world pipe demand in the years ahead. Underlying pipe demand from emerging markets will be fuelled by spending on infrastructure projects such as sewage treatment, water distribution/supply and electrification. Also, privatization and liberalization is encouraging involvement of private sector in several build, operate, and transfer (BOT) projects. Ongoing projects and planned investments in the coming years is expected promote substantial expansion of the transportation infrastructure at local, inter-state and intra-state levels, and eventually a national grid. Also, nonresidential construction scenario in Asian and eastern European nations showcases a stabilized picture, and promises a quick rebound in terms of renovations, constructions and refurbishments.

Plastic pipes are rapidly penetrating the pipes market and gaining share from metal in majority of application areas. High leakage rate normally observed in traditionally used metal and concrete pipes, is one of the main factors spurring the use of plastic pipes. Economical efficiency, durability, strength, lightweight, high chemical resistance, flexibility, and easy molding are some of the characteristics that make plastic pipes one of the most widely used segments. New and improving end uses for plastics include utility water systems, cable protection, large diameter sewage pipe, under-floor heating and others. Additionally, hot water systems offer promising growth opportunities for plastic pipes. Besides this, the expansion of information and telecommunication networks and growing demand for renewable energies is expected to augment the demand for plastic pipes. Innovation in terms of new materials and production techniques for plastic pipe systems is expected to enable the development of customized solutions.

Major players profiled in the report include Aristovolos G. Petzetakis S.A, Advanced Drainage Systems, Aliaxis SA, Arkema SA, Amanco, American Ductile Iron Pipe, Ameron International, Arcelor Mittal, Aronkasei, CertainTeed Corporation, ChevronPhilips Chemical, Couplamatic Systems, Eaton Hydraulics Group, Europipe, Evraz Inc NA, Hanson Pipe and Precast Inc, Hobas Pipe, Ipex, KWH Pipe, Lamson & Sessions, National Pipe and Plastics, Nibco, Nippon Steel Corp, Pipelife International, Polypipe Group, REHAU AG + Co, Royal Group Technologies, Stupp Corp, Sumitomo Metal Industries, Tenaris Group, Tessenderlo Group, Uponor, US Steel Corp., 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 trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for global and regional markets including United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, Rest of Asia-Pacific), Middle East and Latin America. Product segments analyzed include 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).

For more details about this comprehensive market research report, please visit –

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.

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