Composite Pipes Market: Global Opportunity and Industry Forecast, 2020–2027
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A07346
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Sep 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Composite Pipes Market: Global Opportunity and Industry Forecast, 2020–2027
Request Now !Composite Pipes Market Analysis 2020-2027:
Composite pipes are made from reinforced and non-reinforced thermoplastics such as PVC, PP, FRP, GRP, and HDPE. Composite pipes are anti-corrosive, hard, sulfur resistant, and temperature resistant. Thus, this makes them suitable over other non-reinforced pipes. The various mechanical properties of composite pipes make it preferable for many industries. Composite pipes are capable of handling high forces during the installation process. Composite pipes prevent the growth of bacteria and accumulation of solid waste in the internal part of the pipe. Moreover, clearing of blockage in composite pipes with pressure jet is far more convenient than for other pipe materials. Composite pipes exhibit a life expectancy of 50 to 100 years. This leads to increased demand for composite pipes in the global market.
Market scope and structure analysis
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Market size available for the years
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2020–2027 |
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Base year considered |
2019 |
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Forecast period |
2019–2027 |
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Forecast unit |
USD Million |
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Segments covered |
Type, Manufacturing Process, Application, Industry Vertical, and Region |
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Regions covered |
North America
Europe
Asia-Pacific
LAMEA
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Companies covered |
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Composite pipes market by type
- 14mm
- 26mm
- 63mm
- Others
Composite pipes market by manufacturing process
- Filament wound
- Rotary Casting
Composite pipes market by application
- Food Processing
- Chemical Processing
- Petrol/Diesel/Kerosene
- Air Conditioning
- Natural Gas Distribution
- Insecticides Spraying
- Submersible piping
- Radiator Central Heating
- Vacuum Systems
- Others
Composite pipes market by industry vertical
- Oil & Gas Industry
- Construction Industry
- Agriculture Industry
- Food & Beverages
- Chemical Industry
- Others
COVID-19 impact analysis
The composite pipes market is expected to decline during the forecast period, due to the outbreak of the COVID-19 pandemic. This decline is majorly caused by the disruption in the supply chain. The composite pipes market is expected to grow after the lockdown due to its applications in the chemical, transportation, and construction industries. In the Middle East, pipe materials will always have a significant demand, as it is the prime producers of crude oil. In addition, the region requires pipeline transport for various purposes such as production, supply, and distribution of these oils. Lack of maintenance during this lockdown period in the factories may cause the non-reinforced pipes to showcase some leakage or corrosive problems. This can fuel the composite pipes market due to their resistance and durability.
Market scenario analysis
Surge in the application of pipes in the chemical industry and increase in transportation of fluids through the mode of pipeline transport have boosted the overall market growth. Moreover, development of the construction sector and various initiatives that support the growth of agriculture industry are expected to drive the composite pipe global market. However, high raw material cost and complex and expensive machinery incur high initial investment for the production of composite pipes, which is anticipated to hinder the growth of the market during the forecast period. On the contrary, rise in number of manufacturers and suppliers across the globe, especially in Asia-Pacific, followed by North America and Europe is expected to fuel the market growth in the near future.
Regional outlook
North America and Europe are expected to undergo a significant growth in the composite pipes market, which can be attributed to surge in demand for pipes in applications such as vacuum pumps, air conditioning, and construction sector. Similarly, Asia-Pacific is expected to witness significant growth during the forecast period, as composite pipes give the benefits of both metal and plastic pipes together. Middle East is expected to witness an increase in the demand for composite pipes, as it is are the prime producer of oil and requires pipelines for transportation distribution and supply of fuels.
Opportunities and trends
Surge in demand for pipes for various applications such as oil distribution, vacuum pumps, and air conditioning is expected to boost the growth of the composite pipes market. Furthermore, its mechanical properties such as anticorrosion, resistance to heat & force, and flexibility make it suitable over other pipe materials. Usage of pipe materials in the construction industry is further boosting the market growth, as composite pipes exhibit top class quality in its respective domain. Government programs toward urbanization is augmenting the growth of construction and agricultural industries, thereby boosting the global market for composite pipes.
Key benefits of the report
- This report presents the analytical depiction of the global composite pipes industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Composite pipes market growth scenario.
- The report provides a detailed market analysis depending on competitive intensity and how the Market will take shape in coming years.
Questions answered in the global composite pipes market research report:
- Which are the leading market players active in the global composite pipes market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the future estimations that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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