Los Angeles, CA -- (SBWIRE) -- 05/14/2019 -- Pipe joint is the occupation of installing or repairing piping or tubing systems that convey liquid, gas, and occasionally solid materials. This work involves selecting and preparing pipe or tubing, joining it together by various means, and the location and repair of leaks.
Pipe joint work is done in many different settings: HVAC, manufacturing, hydraulics, refineries, nuclear-powered Super carriers and Fast Attack Submarines computer chip fab plants, power plant construction and other steam systems.
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Pipe components are typically used in laying pipelines that provide means of transport for fluids into and out of the building. Given that efficient pipe is a critical requirement for all buildings, demand for pipe joints and fixtures is dependent on the level of construction activity, which in turn is influenced by the overall health of the economy. The level of economic growth and construction activity primarily dictates market prospects for pipe joints.
Rapid urbanization in developing countries will continue to drive growth in the market, since strong urban concentration will trigger increases in infrastructure expenditure, and urban planning. The creation of large megacities involves the construction of high-rise buildings and skyscrapers, which in turn increases prospects for pipe work, thus driving market prospects for pipe joints and fixtures.
Globally, pipe joints are mainly consumed in USA, Europe and China. China is the largest consumption region with consumption amount of 1512.7 M pieces in 2017. During all those regions, Asia has largest CAGR during past five years and greatest market potential.
The global Pipe Joints market was 8130 million US$ in 2018 and is expected to 12200 million US$ by the end of 2025, growing at a CAGR of 5.2% between 2019 and 2025.
This report studies the Pipe Joints market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Pipe Joints in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
Victaulic
LESSO
Mueller Water Products
Mueller Industries
Hitachi Metals
Uponor
McWane
Pipelife
Zhejiang Hailiang
Yonggao
Kangtai Pape
RWC
Asahi Yukizai
Rehau
Charlotte Pipe
Pennsylvania Machine
JFE Steel
Kazanorgsintez
Jain Irrigation Systems
Prince Pipes and Fittings
Uni-Joint
By the product type, the market is primarily split into
Metal Pipe Joints
Plastic Pipe Joints
Other Pipe Joints
By the end users/application, this report covers the following segments
Construction Industry
Petrochemical Industry
Electronic and Electrical Industry
Water Treatment Industry
Other
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