NEW YORK, July 28, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, future of the large diameter pipe market looks good with opportunities in the potable water pipe, wastewater pipe, oil and gas pipe, and industrial pipe application. The global large diameter pipe market is forecast to grow at a CAGR of 2.9% from 2016 to 2021. The major growth drivers for this market are increasing investment in water and wastewater management, rise in infrastructure spending, replacement of aging pipelines.
In this market, metal, plastic, and concrete are the major raw materials used to manufacture large diameter pipes. Lucintel predicts that the demand for plastic pipe is likely to experience the highest growth in the forecast period, supported by growing demand in the wastewater and industrial applications. On the basis of its comprehensive research, Lucintel forecasts that the wastewater and potable water pipes are expected to show above average growth during the forecast period.
Within the large diameter pipe market, wastewater pipe is expected to remain the largest application. The growth of residential and commercial construction and the boom in infrastructure development in developing economies are expected to spur growth for this segment over the forecast period.
Asia Pacific is expected to remain the largest market as well as have the highest growth over the forecast period due to high growth in construction and infrastructure development, especially in China and India.
For market expansion, the report suggests capacity expansion and new product development to reduce time and cost of installation of pipes. Emerging trends, which have a direct impact on the dynamics of the industry, are the increasing demand of FRP pipe, multilayer materials and technically advanced pipes to reduce operational time and minimizes the risk of pressure resistance, scaling and other deposits caused by substance transmission. Tenaris SA, Chelpipe Group, OAO TMK, Vallourec SA, and Welspun Corp. Ltd. are among the major manufacturers of large diameter pipe. Some companies are opting for M&A as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in global large diameter pipe market by end-use application, material, and region and has come up with a comprehensive research report, "Opportunities in Global Large Diameter Pipe Market 2016-2021: Trends, Forecast and Opportunity Analysis." The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global large diameter pipe market by end-use application, material, and region as follows:
By end use application (Value $ billion from 2010 to 2021)
Potable Water Pipe Wastewater Pipe Oil and Gas Pipe Industrial Pipe Others
By material (Volume (million tons) and Value $ billion from 2010 to 2021)
Metal Pipe Plastic Pipe Concrete Pipe Others
By region (Volume (million tons) and Value $ billion from 2010 to 2021)
North America Europe Asia Pacific Rest of the World
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for large diameter pipe market by materials, applications and regions?
Q.2. Which product /segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5. What are the business risks and threats of this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10. How is the competitive rivalry and threat of substitution in this market?
Q.11. What are M&A activities in the last 5 years in this market? What reasons to these activities and how have they impacted the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Opportunities in the Global Large Diameter Pipe Market 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Global large diameter pipe market size estimation in terms of volume (MT) and value ($B) shipment. Trend and forecast analysis: Global large diameter pipe market trend (2010-2015) and forecast (2016-2021) by region and by segment. Segmentation analysis: Global large diameter pipe market size by various material types such as metal pipe, plastic pipe, concrete pipe and others both in terms of volume and value shipment. Regional analysis: Global large diameter pipe market breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World. Growth opportunities: Analysis on growth opportunities in different materials, applications, and regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of global large diameter pipe market suppliers. Emerging applications: Emerging applications of global large diameter pipe in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model
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