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Growth Opportunities in Global Small Diameter Pipe Market- The 18th China(Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
4/1/2017 steel tube expo-tube &pipe expo |
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Trends, opportunities and forecast in this market to 2022 by material (metal pipe, plastic pipe, concrete pipe, FRP pipe and others), application (potable water pipe, wastewater pipe, oil and gas pipe, industrial application pipe, and others), diameter (0 to 5 inches, 6 to 10 inches, and 11 to 15 inches), and region (North America, Europe, and Asia Pacific (APAC) and the Rest of the World (ROW)
The future of global small diameter pipe market looks good with opportunities in potable water and wastewater pipe, oil and gas, and industrial pipe segments. The global small diameter pipe market is expected to reach an estimated $103.8 billion by 2021 and it is forecast to grow at a CAGR of 3.2% from 2016 to 2021. The major drivers for market growth are increasing urban population, construction and infrastructure development, and recovery in oil and gas industry.
Emerging trends which have a direct impact on the dynamics of the small diameter pipe industry include the increasing use of premium and technically advanced with high efficient small diameter pipes and development of multilayer material in small diameter pipes.
- The 18th China(Guangzhou ) Int’l tube
& pipe Processing Equipment Exhibition
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