Market Overview:
The global piping system and spools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for piping systems and spools in various end-use industries such as power plants, petroleum refineries, chemical and fertilizers, pharmaceuticals, and others. In addition, the growing infrastructure development activities across the globe are also fueling the demand for piping systems and spools. Based on type, stainless steel is expected to hold a major share of the global piping system and spools market during the forecast period. This can be attributed to its properties such as corrosion resistance, high strength-to-weight ratio, durability under harsh conditions, etc. Carbon steel is also anticipated to witness significant growth during the forecast period owing to its low cost as compared with other types of steels such as stainless steel and alloy steel.
Product Definition:
A piping system is a collection of pipes, valves, and fittings organized to convey fluid substances from one location to another. Piping systems are an important part of many industrial processes, and their proper design and operation is essential for the safe and efficient operation of those processes.
Piping spools are components used in the construction of piping systems. They are typically short pieces of pipe or tubing with threaded or flanged ends that can be easily connected to other pipes or tubes. Spools allow for the construction of complex piping systems using simple modular parts that can be easily assembled and disassembled as needed.
Stainless Steel:
Stainless steel is a widely used material in the piping system and piping spool market. It has various properties such as corrosion resistance, high strength, lightweight, recyclability and flexibility which make it suitable for use in various industries including chemical processing industry. The demand from chemical processing industry is expected to drive stainless steel growth over the forecast period.
The global stainless steel market was valued at USD 23 billion in 2015.
Carbon Steel:
Carbon steel is a form of iron alloy containing carbon and other metals such as silicon, sulfur, and phosphorus. The product name comes from the fact that it has high carbon content ranging between 0.2 to 4 wt%. It can be produced in different shapes and sizes depending upon the requirements. Carbon steel finds its major application in oil & gas industry for producing casing, tubing, flanges etc., which are used in drilling operations for pipelines owing to their high strength properties.
Application Insights:
The power plant application segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth of this application can be attributed to growing demand for electricity across developing countries, such as India, China, Thailand and Indonesia. Furthermore, increasing government initiatives toward installation of renewable energy generation capacity are expected to drive product demand over the forecast period.
Petroleum refineries are anticipated to emerge as one of the fastest-growing applications during the forecast period owing to their rising requirement for piping systems that can withstand high temperatures along with pressure changes caused due by crude oil or petroleum products flowing through them. Piping systems used in petroleum refineries require resistance against corrosion and oxidation caused by hydrocarbons present in petroleum liquids which leads to increased usage of stainless steel among others.
Chemical & fertilizer plants form another key application segment on account of their rising requirement for liquid chemicals along with agricultural fertilizers required at specific rates depending upon soil type.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major economies, such as China, India, Japan and South Korea. Increasing industrialization coupled with rapid economic growth in these countries has led to an increase in energy demand; which has encouraged adoption of piping systems across various industries.
The Asia Pacific region was followed by Europe that accounted for a share of more than 20%in terms of revenue in 2017 owingto high investments made by governments intheir power generation sector. Carbon steel piping systems are widely usedin power generation applications due to their low cost as comparedto stainless steel or alloy steel counterparts; however, theyare known not suitable for prolonged exposure outdoors resulting incold joints or leaks at welds caused by moisture penetration throughthe outer surface layer (skin).
Growth Factors:
- Increasing demand for piping systems and spools in the oil and gas industry as a result of increasing exploration and production activities.
- Rising demand for piping systems and spools from the chemical processing industry due to growth in the manufacturing sector.
- Growing infrastructure development in emerging economies, which is expected to drive demand for piping systems and spools over the next few years.
- Increasing use of piping systems and spools in water treatment plants owing to stringent government regulations on water usage & discharge standards.
Scope Of The Report
Report Attributes
Report Details
Report Title
Piping System and Piping Spools Market Research Report
By Type
Stainless Steel, Carbon Steel, Alloy Steel, Others
By Application
Power Plant, Petroleum Refineries, Chemical and Fertilizers, Pharmaceuticals, Others
By Companies
Dee Piping System, Metal Forge India, Prosaic Steel and Alloys, U.S. Pipe, Cogbill Construction LLC, ChelPipe Group, CCI Leidingsystemen B.V., Yena Engineering B.V., Cimtas Pipe Fabrication and Trading Co. Ltd., Arabian International Co. for Steel Structure
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Piping System and Piping Spools Market Report Segments:
The global Piping System and Piping Spools market is segmented on the basis of:
Types
Stainless Steel, Carbon Steel, Alloy Steel, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Plant, Petroleum Refineries, Chemical and Fertilizers, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dee Piping System
- Metal Forge India
- Prosaic Steel and Alloys
- U.S. Pipe
- Cogbill Construction LLC
- ChelPipe Group
- CCI Leidingsystemen B.V.
- Yena Engineering B.V.
- Cimtas Pipe Fabrication and Trading Co. Ltd.
- Arabian International Co. for Steel Structure
Highlights of The Piping System and Piping Spools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Carbon Steel
- Alloy Steel
- Others
- By Application:
- Power Plant
- Petroleum Refineries
- Chemical and Fertilizers
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Piping System and Piping Spools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A piping system is a network of pipes that conveys water, gas, oil or other fluid substances. Piping spools are the metal or plastic devices used to wind the pipe thread on a machine.
Some of the major players in the piping system and piping spools market are Dee Piping System, Metal Forge India, Prosaic Steel and Alloys, U.S. Pipe, Cogbill Construction LLC, ChelPipe Group, CCI Leidingsystemen B.V., Yena Engineering B.V., Cimtas Pipe Fabrication and Trading Co. Ltd., Arabian International Co. for Steel Structure.
The piping system and piping spools market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Piping System and Piping Spools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Piping System and Piping Spools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Piping System and Piping Spools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Piping System and Piping Spools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Piping System and Piping Spools Market Size & Forecast, 2020-2028
4.5.1 Piping System and Piping Spools Market Size and Y-o-Y Growth
4.5.2 Piping System and Piping Spools Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Carbon Steel
5.2.3 Alloy Steel
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Plant
6.2.2 Petroleum Refineries
6.2.3 Chemical and Fertilizers
6.2.4 Pharmaceuticals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Piping System and Piping Spools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Piping System and Piping Spools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Carbon Steel
9.6.3 Alloy Steel
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Plant
9.10.2 Petroleum Refineries
9.10.3 Chemical and Fertilizers
9.10.4 Pharmaceuticals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Carbon Steel
10.6.3 Alloy Steel
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Plant
10.10.2 Petroleum Refineries
10.10.3 Chemical and Fertilizers
10.10.4 Pharmaceuticals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Carbon Steel
11.6.3 Alloy Steel
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Plant
11.10.2 Petroleum Refineries
11.10.3 Chemical and Fertilizers
11.10.4 Pharmaceuticals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Carbon Steel
12.6.3 Alloy Steel
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Plant
12.10.2 Petroleum Refineries
12.10.3 Chemical and Fertilizers
12.10.4 Pharmaceuticals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Carbon Steel
13.6.3 Alloy Steel
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Plant
13.10.2 Petroleum Refineries
13.10.3 Chemical and Fertilizers
13.10.4 Pharmaceuticals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Piping System and Piping Spools Market: Competitive Dashboard
14.2 Global Piping System and Piping Spools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dee Piping System
14.3.2 Metal Forge India
14.3.3 Prosaic Steel and Alloys
14.3.4 U.S. Pipe
14.3.5 Cogbill Construction LLC
14.3.6 ChelPipe Group
14.3.7 CCI Leidingsystemen B.V.
14.3.8 Yena Engineering B.V.
14.3.9 Cimtas Pipe Fabrication and Trading Co. Ltd.
14.3.10 Arabian International Co. for Steel Structure
