Report Code: A13004 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Threaded Pipe Fittings Market
Request Now !The threaded fittings are majorly utilized for small pipe diameters like low-pressure and small bore piping and are categorized on the basis of pressure-temperature rating. Expansion of oil & gas plants across the globe is creating positive impact on the growth of threaded pipe fittings market.
Market Scope and Structure Analysis
Refineries in countries like the U.S., Saudi Arabia, UAR, and many more have started adopting threaded pipe fitting owing to features such as growing oil & gas pipelines. This drives the growth of the threaded pipe fittings market. Nevertheless, government investment in emerging economies to promote growth of chemical and oil & gas industry is expected to create opportunities for threaded pipe fittings systems market in the near future.
However, high maintenance requirement owing to the leakages occurring in the pipes is one of the major factors limiting the growth of the threaded pipe fittings market. Leakages in pipes cause high investments for the end users leading to high maintenance as the pipes have their major applications in water distribution & sewage, plumbing, and other applications. This in turn fuels the growth of the market
COVID-19 Impact analysis
Top Impacting Factors
Rapid urbanization, increase in disposable income of the middle-class population, rise in private & public investment boost residential construction. In addition, increase in governmental initiatives to rebuild older buildings for high-rise buildings due to which the sewerage treatment projects are gaining traction to meet the water demands in these areas for which there is need of better piping to ensure water delivery. High investment on R&D of water treatment technology, innovation of new technologies, with the objective of saving the natural resources from extinction have resulted into the sewage treatment drive the growth of the market.
Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events to establish their foothold in the market. Inorganic growth strategies witnessed in the market include acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from threaded pipe fittings market are anticipated to focus on rise in demand, which is projected to be opportunistic for the growth of the market.
Market Trends
Key Benefits of the Report
Threaded Pipe Fittings Market Report Highlights
Aspects | Details |
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By Product Type |
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By Application |
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By Region |
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Key Market Players | Zhejiang Liutong Plastics, Wellgrow Industries,, Dixon Valve,, Simon Steel India,, Metline Industries,, Vishal Steel,, PAR Group,, Rotarex,, Hansen,, United Forge Industries, |
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