Europe Pipe Market Analysis
Market Overview
As per a detailed analysis by Market Research Future (MRFR), the Europe pipe market is anticipated to touch a valuation of USD 73,824.8 million, garnering a CAGR of 5.18% during the forecast period (2017-2023). The booming manufacturing and construction sectors are dictating the growth trajectory of the market. The pipe is a hollow cylinder or a tubular section used to convey components which can flow, like gases, liquids, powders and masses of small solids, and slurries. It is also used for structural applications. They are instrumental un distribution of water in residential, commercial, and industrial settings. The materials which are used in the manufacture and fabrication of pipes are paramount in ensuring the liquid flow within complex networks.
Market Potential and Pitfalls
The Europe pipe market is witnessing a tectonic surge mainly due to the ongoing rehabilitation and construction of obsolete and old municipal pipe systems. The market is witnessing a steady growth due to its easy installation, low cost over traditional materials, resistant, and flexible. The booming manufacturing & construction sector is one of the primary causes for the market growth. There is a notable increase in the demand for plastic pipes and wastewater treatments, which is anticipated to trigger the demand for pipes in the European region. Supportive government policies in this region associated with the use of pipes in the energy and construction sectors are likely to generate new growth avenues for the market. Surging investments in oilfields coupled with the growing production activities and gas exploration, are further likely to open new growth opportunities for the Europe pipe market.
On the contrary, the stringent laws imposed on the usage of polyethylene pipes coupled with the high investments are some of the top concerns likely to restrict the growth of the market during the forecast period. Moreover, high volatile prices of the raw materials are anticipated to deter its growth in the long run.
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Europe Pipe Market: Segmental Analysis
The Europe pipe market has been segmented on the basis of material and end-user.
By mode of material, the Europe pipe market has been segmented into concrete, copper, plastic, aluminum, steel, and others. Among these, the steel segment is considered to acquire a larger market share and is likely to retain its growth in the coming years. As steel is sturdy metal, it finds high utilization in the making of pipes in the European region.
By mode of end-users, the Europe pipe market has been segmented into automotive, chemicals, food processing, pharmaceuticals, water & wastewater, oil & gas, and others. Among these, the waste & wastewater segment registers the highest growth potential due to the surging demand for wastewater treatment in the European region.
Regional Frontiers
Geographically, the Europe pipe market span across countries, namely Germany, Italy, Portugal, the U.K., Spain, France, and the Rest of Europe. Germany accounts for a larger share of the market in this region. The country has witnessed a major demand for non-pressure pipes, which are majorly used in treating sewage. Moreover, the strategic central location of this country offers it the advantage of easier access to its neighboring countries and parts of the plastic pipe industry value chain. The U.K. has a significant share in this region and is the largest end-user being the construction sector. France is gradually gaining prominence and is experiencing surging demand for premium quality pipes made of polypropylene and polyethylene.
Industry Updates
May 17, 2019: Bulgaria is likely to launch its IGB pipeline in May. ICGB AD will own, construct, and operate the Interconnector Greece Bulgaria (IGB) pipeline and has chosen after a tender Greece’s J&P AVAX to construct the same.
Competitive Dashboard
The prominent players operating in the Europe pipe market comprises GPS PE Pipe Systems, Alfatubo, Corporación Empresarial de Materiales de Construcción, SA (COEMAC), Amanco, Saint Global S.A., Wavin Holding B.V., Buhlmann Group, Benteler International AG, Wienerberger AG, Aliaxis Group, Europipe GmbH, and others.