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The piping and fittings market in North America is estimated to grow at a CAGR of 4% between 2022 and 2027 and the size of the market is forecast to increase by USD 14.84 billion. The growth of the market depends on several factors, such as the surge in E and P activities, rising construction and infrastructure development activities, and changing climate conditions.
This piping and fittings market report in North America extensively covers market segmentation by material (plastic or PVC pipe, steel pipe, copper pipe, aluminum pipe, and glass pipe). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Piping and Fittings Market in North America Customer Landscape
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The surge in E&P activities is the key factor driving the piping and fittings market growth in North America. Oil & Gas E&P activity increased primarily due to increased investment in the Oil & Gas E&P sector. Increased E and P activity have taken place both onshore and offshore. In terrestrial areas, unconventional E and P activities such as shale have increased significantly. For example, in the United States, E and P investments in oil and gas have increased significantly, especially in shale oil and gas fields. Additionally, the depletion of oil and gas from easily accessible land-based locations is causing oil and gas E and P companies to look to less explored areas.
Onshore oil reserves are nearing maturity or depletion. This is causing upstream oil and gas companies to shift their focus to deepwater and ultra-deepwater oil and gas drilling due to the large and potentially untapped reserves. With rising oil prices, the future is expected to be bright for deepwater and ultra-deepwater projects. Hence, increasing E and P activity will spur market growth during the forecast period.
The advances in material use and technology will fuel the piping and fittings market growth in North America. Tubing is ideal for applications requiring high flexibility and flow efficiency as well as temperature and chemical resistance. Such applications are mainly found in the construction, agriculture, energy, chemical, and industrial sectors. Advances in non-metallic tubing have allowed suppliers to improve the performance of this tubing in a variety of applications. Vendors are constantly focused on improving the performance of concrete and polymer-based pipes by improving and modifying the properties of the raw materials used to manufacture the pipes. For example, the use of reinforced polymer concrete is increasing in manufacturing concrete pipes used in sewage and drainage systems. Reinforced polymer concrete materials provide high strength for such pipes in the aggressive sulfuric acid conditions found in sewer and drainage systems. This material also provides easy installation and heavy-duty loading capacity for concrete piping systems.
Polymer pipes such as PVC, HDPE, and reinforced composites have been available for several years and are widely used in irrigation, water supply, sewage and drainage systems, mining, gas distribution, and various industrial applications. Recent improvements in the use of raw materials have greatly helped vendors to offer advanced products. Such innovations in material utilization are expected to spur market growth during the forecast period.
The volatile input cost can majorly impede the growth of the market. Raw material price volatility affects production costs. As a result, many leading suppliers of piping and fitting products enter into long-term agreements with their suppliers to reduce the impact of commodity price fluctuations on their business. Stainless steel, iron, steel, and plastic are the most important raw materials. Fluctuating prices directly affect provider contracts, and such fluctuations in service costs affect new contracts and affect the overall cost of manufacturing. Factors that affect commodity costs include inflation, supply and demand, and availability. Such volatility may impede market growth during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aliaxis Group SA: The company offers piping and fitting solutions for Offices, Hospitals, Commercial buildings, and Industrial buildings.
Allied Group: The company is involved in producing and distributing flanges, pipes, fittings, and related products. It also offers piping and fitting solutions.
We also have detailed analyses of the market’s competitive landscape and offer information on 18 market vendors, including:
The report offers, clients a deeper understanding of the market and its players through a combined qualitative and quantitative analysis of the vendors. The analysis classifies vendors into categories based on their business approach, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak to understand the dos and don’ts of business which in turn can help a client make the best decision.
The plastic or PVC pipe segment will contribute a major share of the market, as it is driven by an increase in new construction projects in the North American region. The plastic or PVC pipe segment showed a gradual increase in market share with USD 21.04 billion in 2017 and continued to grow by 2021.PVC pipes are used in the construction industry due to their lower maintenance costs compared to iron and steel pipes. PVC pipe is durable and flexible. They are therefore used in place of cast iron pipes in plumbing and drainage applications. In addition, PVC pipes are used for underground drainage, drainage pipes, gutters, downspouts, etc. Increased investments in drainage projects in the North American region will drive the growth of the segment during the forecast period.
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Other factors driving the growth of the PVC pipe segment are increasing agricultural activities, increasing oil and gas production, and the excellent properties of PVC pipe. Such developments are expected to increase the demand for PVC pipes in the North American region, propelling the market growth during the forecast period.
The piping and fittings market report in North America forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Piping And Fittings Market Scope in North America |
|
Report Coverage |
Details |
Page number |
133 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2023-2027 |
USD 14.84 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.52 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aliaxis Group SA, Allied Group, ArcelorMittal, BASF SE, Canadoil Group, Charlotte Pipe and Foundry Co., Compagnie de Saint Gobain, Hitachi Ltd., ISCO Industries, JSW STEEL Ltd., Kohler Co., Mueller Industries Inc., Nippon Steel Corp., Orbia Advance Corp. SAB de CV, Pestan North America, Swagelok Co., The Lubrizol Corp., Uponor Corp., Victaulic Co., and Westlake Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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