Piping and Fittings Market Size, Share & Industry Analysis, By Type (Steel Pipe, Aluminium Pipe, Copper Pipe, Plastic/ Polyvinyl Chloride (PVC) Pipe, Glass Pipe), By Application (Residential, Commercial, Industrial) And Regional Forecast, 2024-2032

Piping is a common term related to the conveyance of gaseous and fluidic substances used in residential, commercial, and industrial applications. The fittings are the tangential of pipes that help in the measurement and regulation of fluidic flow. Piping is an important instrument that helps in carrying out fluid and gases with high parameter constraints such as high temperature, high pressure, and heavy flow. Major applications that demand pipings and fittings are irrigation, water supply, sewage management, etc. with rising demand for PVC pipes over the forecast period. Chemicals, oil and gas, and pharmaceutical industries highly depend upon the ideal piping and fittings system, as their inappropriate fixing may cause deadly hazards and heavy business losses.

With an upward growth trend, the population throughout the world is increasing with rising demand for urbanization and construction projects. The market for construction materials is in high demand for prerequisite residential, commercial, and industrial applications. Appropriate designing of drainage systems is the primary need for urbanization, thus uplifting the global piping and fittings market. Rainwater harvesting has become one of the important environment-saving aspects, that has helped fuel the piping and fittings market globally. Moreover, the refurbishment of existing buildings and the construction of new structures require efficient piping and fitting systems for integration. However, pipes made up of several metal materials including steel, aluminum, etc. boast disadvantages such as heavy, corrosive, and high purchasing and maintenance costs of metal pipes, hampering the market growth. The metal pipes are likely to get replaced with PVC pipes wherein the improper disposal of PVC pipes emits greenhouse gases polluting the environment, hence limiting the substitute options for the customers.

Key Market Driver -

• Rising urbanization led to increase in designing proper drainage systems • Emergence of rain water harvesting system • Growth in refurbishment and new infrastructural construction projects

Key Market Restraint -

• Corrosive, heavy and less cost effective metal pipes • Improper disposal of PVC pipes

Key Players Covered:

Manufacturers are focusing on enhancing their manufacturing processes, and filtering the piping prices to cater to the rising demand for piping and fittings in several residential, construction, oil and gas, and many other sectors. With the necessity for upholding their market position, major market players are offering additional post-purchase maintenance facilities and services, with rising investments in research and development.

Some of the key competitors in the piping and fittings market include Saint-Gobain, LIXIL Group Corporation, Jaquar Corporation, Kohler Company, Hindustan Sanitaryware and Industries Ltd (Hindware), Aliaxis Group, Alumasc Building Products, Aluminum Roofline Products (ARP), Amazon Civils, Anglian Home Improvements, Ash & Lacy Building Systems, Marley Plumbing & Drainage, McAlpine and Co, Pegler Yorkshire Group, PF Copeland Rainwater Systems and others.

Regional Analysis

Asia Pacific is anticipated to witness the highest market growth in the coming years owing to the deployment of several infrastructural projects and the need for rainwater harvesting to cater to the need for water in rural areas for longer duration. The South Asian Network for Development and Environmental Economics (SANDEE) is a regional network that brings together analysts from different countries in South Asia to address environmental problems. As per the SANDEE’s study, in Nepal, the adoption of rain water harvesting increments to annual benefits of USD 700 per year, and expected to grow at value of USD 1.3 million per year, therefore fueling the demand for piping and fittings across the region.

North America and Europe piping and fittings market are propelling with rising investments in appropriate wastewater treatment plants. As per the United States Environmental Protection Agency (EPA), the U.S. government is expected to invest USD 271 billion for wastewater treatment infrastructure over the next 25 years. Similarly, the European Investment Bank (EIB) stated that in 2019, the European government invested nearly EUR 2.4 billion out of which, 11.5 million was invested in improving sanitation respectively. These factors surge the demand of piping and fittings market across North America and Europe.

Middle East and Africa (MEA) is driving the market with its huge construction and oil and gas sector investments around the world. Moreover, Saudi Vision 2030 program is becoming the key growth factor for the GCC construction sector development and the major countries of the MEA are developing, as it is the key production region for oil and gas with highest trding of the same across the world.Latin America observed to benefit their trading and country wise GDP by investing in construction and refurbishment projects, rising the demand of piping and fittings market.

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Segmentation

Key Industry Developments

• March 2019: LIXIL Group Corporation announced its water and housing GROHE kitchen and bathroom products at ISH 2019,  fair for water and energy-building products


• December 2018: Saint-Gobain PAM supplied around 38 kilometers of classic standard ductile iron pipes for the water supply system implementation in the city of Dakar for the project named KMS3 Lot 2 project