Pipe in Europe 2019 Industry Size, Share, Trends, key Players Analysis, Applications, Forecasts to 2023
WiseGuyReports.Com Publish a New Market Research Report On –“ Pipe in Europe 2019 Industry Size, Share, Trends, key Players Analysis, Applications, Forecasts to 2023”.
Pune, India – September 9, 2019 /MarketersMedia/ —
Description:-
No matter if for the tap and gas supply at residence or for supplying massive industrial plants with feedstocks and energy, pipes always play a crucial role and can be comparatively secure. Materials used for the development of pipes have to offer the mandatory properties, besides, there has to be an option of producing them at an affordable price.
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Market Analysis
European Pipe market is anticipated to prosper at a CAGR of about 5.18% during the forecast period of 2018-2023.
The research conducted by MRFR concludes that the Europe Pipe market is influenced by numerous factors.
Factors like Government substantiating policies for construction of infrastructures, rising need for water and wastewater treatment application are anticipated to have a favourable impact on the Europe Pipe market. However, the market growth is impeded by differing raw material rates and disposal of PVC pipes resulting in global warming.
the growth of European pipe market can be analyzed on the basis of a material of pipe and end-user segment.
Some of the key findings collected from the report are mentioned below-
The steel material segment accounted for the highest market share of about 36.30% in the year 2016, with an overall market value of US$20,163.8 million, which is projected to rise at a CAGR of about 5.28% during the forecast span.
Based on end-user, wastewater & water segment accounted for the substantial market share of about 37.96% in the year 2016, with a market value of US$21,083.2 million, which is projected to rise at an outstanding CAGR of 4.80%.
More than half of all pipes consumed in the European region are manufactured from steel. Heavy steel pipes are primarily used in the gas and oil segment but are also employed in the industrial sector, for instance, plant and machine construction. However, plastic pipes, being much lighter and inexpensive in production, will attain substantial market shares.
Several plastics help to attain desired properties. In regard to length covered, plastic pipes already account for a substantial share in the pipe markets. Compared to concrete pipes, which are normally substituted for other materials, plastic pipes can be replaced much faster when worn out or damaged.
Regional Analysis
Demand for pipes in Eastern European countries is possible to boost by about 2% p.a. in the coming years. The regaining construction sector, in particular, is delivering growth instincts. Consumption of pipes in the Western European region, on the other hand, is highly inactive.
Despite the potable and wastewater systems being in need of refurbishment in several countries, investments in this area have always been delayed due to the debt and economic crisis or were suspended completely. Russia is believed to be a substantial contributor to the growth and development of the European pipe market. This country is considered as the biggest sales market on the continent. With the growing construction of new pipelines, the country will continue to generate massive demand in forthcoming years.
Facts to consider
The majority of pipes manufactured in Europe are prepared with steel. Russia is believed to be the largest manufacturer of steel pipes, producing around 10 million tonnes of this product.
Other significant manufacturers are Germany, Turkey, and Italy. Regarding the generation of metal-based and plastic pipes, Germany is the biggest producer. Turkey is believed to be the second-largest manufacturer of plastic pipes, while Italy is the second-largest manufacturer of metal pipes.
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