Pipe Joints Consumption Market | Forecast 2018-2023
In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Pipe Joints market for 2018-2023.
Pipe joint is the occupation of installing or repairing piping or tubing systems that convey liquid, gas, and occasionally solid materials. This work involves selecting and preparing pipe or tubing, joining it together by various means, and the location and repair of leaks.
Pipe joint work is done in many different settings: HVAC, manufacturing, hydraulics, refineries, nuclear-powered Super carriers and Fast Attack Submarines computer chip fab plants, power plant construction and other steam systems.
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Pipe components are typically used in laying pipelines that provide means of transport for fluids into and out of the building. Given that efficient pipe is a critical requirement for all buildings, demand for pipe joints and fixtures is dependent on the level of construction activity, which in turn is influenced by the overall health of the economy. The level of economic growth and construction activity primarily dictates market prospects for pipe joints.
Rapid urbanization in developing countries will continue to drive growth in the market, since strong urban concentration will trigger increases in infrastructure expenditure, and urban planning. The creation of large megacities involves the construction of high-rise buildings and skyscrapers, which in turn increases prospects for pipe work, thus driving market prospects for pipe joints and fixtures.
Globally, pipe joints are mainly consumed in USA, Europe and China. China is the largest consumption region with consumption amount of 1512.7 M pieces in 2017. During all those regions, Asia has largest CAGR during past five years and greatest market potential.
Over the next five years, Planet Market Reports projects that Pipe Joints will register a 4.4% CAGR in terms of revenue, reach US$ 10500 million by 2023, from US$ 8130 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Pipe Joints market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Metal Pipe Joints
Plastic Pipe Joints
Other Pipe Joints
Segmentation by application:
Construction Industry
Petrochemical Industry
Electronic and Electrical Industry
Water Treatment Industry
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Victaulic
LESSO
Mueller Water Products
Mueller Industries
Hitachi Metals
Uponor
McWane
Pipelife
Zhejiang Hailiang
Yonggao
Kangtai Pape
RWC
Asahi Yukizai
Rehau
Charlotte Pipe
Pennsylvania Machine
JFE Steel
Kazanorgsintez
Jain Irrigation Systems
Prince Pipes and Fittings
Uni-Joint
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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