Lucintel's latest market report analyzed that industrial pipe provides attractive opportunities in power generation, petrochemical, automotive, and industrial processing. The industrial pipe market is expected to reach $22 billion by 2026 with a CAGR of 6.9%. In this market, steel pipe is the largest segment by material, whereas petrochemical is largest by end use industry. Increasing use of dopeless technology in pipe manufacturing to reduce operational risk and development of multilayer pipe to increase strength and durability provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/industrial-pipe-market.aspx Based on material, the industrial pipe market is segmented into steel, ductile iron, plastic, fiberglass reinforced (FRP), and others. The steel segment accounted for the largest share of the market in 2020 due to increasing demand for steel pipes in power generation and petrochemical industries and plastic pipe is expected to register the highest CAGR during the forecast period, because of low cost, light weight and corrosion resistant.
Browse in-depth TOC on “Industrial Pipe Market”
155 – Tables
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264 – Pages
The industrial pipe market is marked by the presence of several big and small players. Some of the prominent players offering Industrial pipe include Vallourec, TMK, Tenaris, China Lesso, ArcelorMittal, Orbia Advance Corporation, Sekisui Chemicals, Advanced Drainage System, Amiantit, and Future Pipe.
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