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Global Pipes, Valves & Fittings Industry Report: Analysis and Forecast 2022-2027

Global Pipes, Valves & Fittings Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Pipes, Valves & Fittings Industry Report

The global Pipes, Valves & Fittings industry was valued to be worth about USD 72.84 Billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 2.5 per cent, achieving a value of around USD 9.26 Billion by 2027.

The Pipes, Valves & Fittings industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. Irrigation, water supply, sewage management, and other uses are the key ones that call for piping and fittings, and the need for PVC pipes is expected to rise during the projected period. Asia is the biggest category spender by region, which is impelling the demand for the Pipes, Valves & Fittings industry.

Pipes, Valves & Fittings: Industry Definition and Segmentation

Scope

Gaseous and fluidic chemicals utilized in residential, commercial, and industrial settings are frequently transported through pipes. Contrarily, fittings are divergent pipes that help control the volume of fluidic flow. The main tool for facilitating the transport of fluids and gases under severe constraints, such as those caused by high temperatures, high densities, and heavy flows, is the pipe. A valve is also a mechanical device that controls fluid flow with the ability to close, open, or partially block several entries. Although they are also used in other industries like oil and gas, chemical, and more to carry out crucial tasks, valves are largely employed to manage the water supply for home purposes.

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The Pipes, Valves & Fittings industry report comprises segments:

  • By region – Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa

Snapshot of the Report

The regional markets for the industry can be divided into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.

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Category Drivers

Core functions that involve piping and fittings are irrigation, water supply, sewage management, and others with greater use of PVC pipes. Industries such as chemicals, oil and gas, and pharmaceuticals also primarily depend on the perfect piping and fitting system. Causes like the increase of the population that is leading to the elevated demand for urbanization and construction tasks, and the high demand for construction material for essential residential, commercial, and industrial applications are leading to the growth of the pipe, valve, and fittings market. Moreover, rainwater harvesting which is one of the essential parts of conserving the environment is promoting the expansion of the pipe and fittings market globally.

Category Insight by Region

The Asia Pacific region holds a substantial share in the global pipe, valves, and fittings market with China occupying the major segment in the region’s pipe manufacturing market owing to the implementation of various infrastructural ventures and the requirement for rainwater harvesting to accommodate the need for water in rural areas for a long term. Major investment in all sorts of oil and gas industry is propelling the rise in demand for pipes and fittings market. Similarly, growth in the investment in the power generation industry which depends on renewable energy sources is the highly developing industry for pipes and fittings market.

Best Procurement Practices

The global Pipes, Valves & Fittings industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by Pipes, Valves & Fittings providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.

Category Management Studies

Pipes are commonly made of stainless steel however several materials are also used such as cast iron, copper, and aluminium. In addition, for water and airlines and ceramic for drainage and sewage pipes, plastic is used for manufacturing pipes. The sterile sampling valve comprises three sections, a valve body, a valve head, and a membrane. The membrane is made of rubber that is positioned in the stem of the valve head and functions as a stretchable socket. Furthermore, seamless pipes and welded pipes with filler material are used to produce fittings. The most popular process of manufacturing elbows from the pipe is the mandrel method which is a type of hot forming method.

Key Supplier Profiles included in the Global Pipes, Valves & Fittings Industry Report

The key market players are MRC Global Corp., DistributionNOW (NOW Inc.), Edgen Murray, Ferguson (Wolseley Industrial Group), and FloWorks International, LLC.

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliants.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.