Piping And Fittings Market Analysis North America - Size and Forecast 2024-2028

North America Piping and Fittings Market Size 2024-2028

The North America piping and fittings market is forecast to increase by USD 16.8 billion and is estimated to grow at a CAGR of 4.35% between 2023 and 2028. The market is experiencing significant growth, driven by the surge in E&P activities, particularly in the oil and gas sector. This trend is further fueled by advances in material use and technology, such as the adoption of high-performance alloys, plastic and non-metallic piping systems. However, the market faces challenges from volatile input costs, including raw materials and energy prices. Additionally, stringent regulations and increasing focus on environmental sustainability are shaping the market landscape. Despite these challenges, the market is expected to continue its growth trajectory, driven by increasing infrastructure development and the need for efficient and reliable piping solutions.

What will be the Size of the Market During the Forecast Period?

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Technavio’s Exclusive Market Customer Landscape

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.

Market Customer Landscape

Market Dynamics

The Market encompasses a wide range of products used in various plumbing systems, including Polyvinyl Chloride (PVC), High-Density Polyethylene (HDPE), Copper, Concrete Pipes, Chlorinated Polyvinyl Chloride (CPVC), Acrylonitrile Butadiene Styrene (ABS), Brass Pipes, Cast Iron Pipes, Aluminum Pipes, and Galvanized Steel. These piping solutions offer robustness and resilience against corrosion, ensuring longevity and flexibility for various applications. Piping and fittings are essential components of sewage systems, water supply networks, heavy irrigation systems, and clean-drinking water infrastructure. They play a crucial role in crop production and residential structures. The market is driven by increasing applications in water supply, sewage, and clean-drinking water sectors. Key factors contributing to the market growth include the heavy irrigation reliance, durability, and flexibility of piping and fittings. The demand for PVC pipe is particularly high due to their bending capabilities and resistance to movements. HDPE pipes are known for their long-term durability and resistance to chemical attacks. Copper pipes are widely used for their antimicrobial properties and ease of installation. In summary, the market is a significant and growing industry, catering to various sectors with diverse piping requirements. The market's growth is fueled by the increasing demand for reliable and durable piping solutions for water supply, sewage, and heavy irrigation systems. Our researchers analyzed the data with 2023 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.

Key Market Driver

The surge in E&P activities is the key factor driving the market growth. 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.

Moreover, 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.

Significant Market Trends

The advances in material use and technology will fuel the market growth. 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. 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. 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.

Major Market Challenge

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.

Moreover, 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. 

Who are the Major Companies?

Companies 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 players, including:

• 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.
• Westlake Corp.

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.

Market Segmentation

Material Analysis

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. 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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The plastic or PVC pipe segment showed a gradual increase in market share with USD 21.50 billion in 2018 and continued to grow by 2022. 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. Advances in non-metallic tubing have allowed suppliers to improve the performance of this tubing in a variety of applications. Such developments are expected to increase the demand for PVC pipes in the North American region, propelling the market growth during the forecast period.  

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments

• Material Outlook
  • Plastic or PVC pipe
  • Steel pipe
  • Copper pipe
  • Aluminum pipe
  • Glass pipe

Market Analyst Overview

The market encompasses a wide range of products used in various applications such as plumbing systems, water distribution, drainage and sewage, irrigation, HVAC, and more. The market consists of different types of pipes, including Polyvinyl Chloride (PVC), High-Density Polyethylene (HDPE), Copper, Concrete Pipes, Chlorinated Polyvinyl Chloride (CPVC), Acrylonitrile Butadiene Styrene (ABS), Brass Pipes, Cast Iron Pipes, Aluminum Pipes, and Galvanized Steel. Technological advancements play a significant role in the market, with a focus on enhancing the Robustness and Resilience against corrosion, Longevity, Durability, and Flexibility of the pipes. Sewage systems, irrigation systems, and agriculture are major sectors relying heavily on piping and fittings for clean-drinking water, crop production, and environmental sustainability. Reinforced polymer concrete materials provide high strength for such pipes in the aggressive sulfuric acid conditions found in sewer and drainage systems. The market is influenced by increasing applications in residential structures, commercial structures, and growing urbanization. Government regulation also plays a crucial role in shaping the market. In addition, the market caters to industries like HVAC and jet stream applications, requiring high-performance and reliable piping solutions.

Moreover, key trends in the market include the use of materials like PVC, HDPE, and CPVC due to their lightweight, durability, and resistance to corrosion. The market is also witnessing a shift towards eco-friendly and sustainable piping solutions. Bending and movements in piping systems are addressed through advancements in materials and manufacturing processes, ensuring optimal performance and longevity. In the building and real estate sectors, advancements in residential and commercial buildings are closely tied to innovations in water and wastewater systems. Plastic Pipes and Fittings, including General Shale PVC pipes division, Metal Pipes and Fittings, and Composite Pipes and Fittings, are essential for modern plumbing industries. The adoption of sensor based monitoring systems ensures compliance with health and safety regulations and enhances quality. Technologies like high speed extrusion tech and thermoplastic piping are transforming pipeline replacement and wastewater management. Initiatives such as Water Well Trust and H2 Alabama are crucial for addressing needs in rural Alabama and developing areas. Emphasis on automation, closed loop wall monitors, and chemical degradation control supports safety standards and quality in residential plumbing solutions. Investments in construction and adherence to safety standards further bolster the industry's growth and reliability.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2028.
• Precise estimation of the market size in North America and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across North America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of market vendors in North America

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