By 2026, the value of pipes and pipe/hose fittings will reach US$327.5 billion, and the world will grow steadily

2021-11-24 05:56:49 By : Ms. Sanko SK

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San Francisco, September 28, 2021 /PRNewswire Accessories-Global Market Trajectory "Report and Analysis". The report presents a new perspective on the opportunities and challenges of major changes in the market after COVID-19.

Fact Overview Version: 19; Release Date: April 2021 Executive Pool: 6557 Company: 475-Participants covered include Advanced Drainage Systems Inc.; Aliaxis Group SA/NV; Omanco; American Cast Iron Pipe Company; Arcelor Mittal; Chevron Phillips Chemical Co., Ltd.; China Lesso Group Holdings Co., Ltd.; Eaton Hydraulics Group; European Pipeline Co., Ltd.; EVRAZ North America; Forterra, Inc.; George Fischer Co., Ltd.; GF Piping System Limited; Hanko; Ipex; Mexichem SAB de CV; Napco Security Technology; Nibco; Nippon Steel & Sumitomo Metal Co., Ltd.; Performance Pipe; Pipelife International Co., Ltd.; DXN Group; Tenaris; Sendlow Group; Tigre SA; TMK Group; U.S. Steel Corporation; Uponor Corporation; Wavin Holding BV and other companies. Coverage: All major regions and key market segments. Market segments: product segments (polyethylene, concrete, hydraulic couplings, other product segments, metal flanges and joints, steel, PVC) Region: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and other parts of Europe); Asia-Pacific (Australia; India; South Korea; and other parts of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and the rest of Latin America); the Middle East (Iran; Israel; Saudi Arabia; the United Arab Emirates; and the rest of the Middle East); and Africa.

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The global pipe and pipe/hose fittings market will reach US$327.5 billion by 2026. In the COVID-19 crisis, the global pipe and pipe/hose fittings market is expected to reach US$266.3 billion by 2020, which is expected to reach the revised United States The scale will reach US$327.5 billion by 2026, growing at a compound annual growth rate of 3.4% during the analysis period. Steel is one of the market segments analyzed in the report. It is estimated that by the end of the analysis period, the compound annual growth rate will reach 3%, reaching 134.7 billion US dollars. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the PVC sector was re-adjusted to a revised 4.3% compound annual growth rate over the next 7 years.

The US market in 2021 is estimated to be 74.1 billion US dollars, while China is expected to reach 66.1 billion US dollars by 2026. The US pipeline and pipe/hose fittings market is estimated to be 74.1 billion US dollars in 2021. China, the second largest economy in the world, is expected to have a market size of 66.1 billion USD by 2026, with a compound annual growth rate of 6.1% during the analysis period. Other notable geographic markets include Japan and Canada, which are expected to grow by 1% and 2.6%, respectively, during the analysis period. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 1.7%.

By 2026, the metal flanges and joints sector will reach US$29.6 billion. In the global metal flanges and joints sector, the United States, Canada, Japan, China and Europe will drive the sector’s estimated compound annual growth rate of 3.1%. By 2020, the total market size of these regional markets will reach 18 billion U.S. dollars, and by the end of the analysis period, the total market size is expected to reach 22.3 billion U.S. dollars. China will remain one of the fastest growing countries in this regional market cluster. more

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