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Piping and Fittings Market Size, Growth, Industry Report, Forecast, 2032 | Rising Demand from Oil & Gas and Chemicals Industries to Push Growth: Fortune Business Insights
Piping and Fittings Market
Piping is the essential implement that helps to carry out gases and fluids with high parameters such as high pressure, heavy flow, and high temperature. The demand for piping and fitting is increasing for various applications such as water supply, sewage management, and irrigation.
๐ฎ๐๐ ๐ ๐ญ๐๐๐ ๐บ๐๐๐๐๐ ๐น๐๐๐๐๐๐๐ ๐น๐๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/piping-and-fittings-market-104730
Competitive Landscape
Leading Players adopt Acquisition Strategies to Stay Competitive
Several players in the market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions.
Notable Industry Development:
December 2022: Borealis is anticipated to work with NUPI to produce high-performance pipes to diversify its business. Borealis announced that NUPI Industrie Italiane had chosen Bornewables polypropylene for the following generation of its line of Niron Beta PP-RCT (Polypropylene Random Crystalline Structure Temperature) products for domestic plumbing, heating, ventilation, and air conditioning (HVAC) systems.
The Report Lists the Key Players Profiled in the Piping and Fittings Market Report:
Saint-Gobain (France)
LIXIL Group Corporation (Japan)
Jaquar Corporation (U.K.)
Kohler Company (U.S.)
Hindustan Sanitaryware and Industries Ltd (Hindware) (India)
Aliaxis Group (Belgium)
Alumasc Building Products (U.K.)
Aluminum Roofline Products (ARP) (U.K.)
Amazon Civils (U.K.)
Anglian Home Improvements (U.K.)
Ash & Lacy Building Systems (U.K.)
Marley Plumbing & Drainage (U.K.)
McAlpine and Co (U.K.)
Pegler Yorkshire Group (U.K.)
PF Copeland Rainwater Systems (Ireland)
Piping and Fittings Market Segments:
Based on segment type, the market is classified into steel pipe, aluminum pipe, copper pipe, plastic/ polyvinyl chloride (PVC) pipe, and glass pipe.
On the basis of application, the market is split into residential, commercial, and industrial
Region-wise, the market is segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
๐น๐๐๐ ๐ด๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐ - https://www.fortunebusinessinsights.com/piping-and-fittings-market-104730
Piping and Fittings Market Report Coverage:
This report covers the synopsis of this market that provides:
Detailed analysis of the market.
Impact of COVID-19.
Segmentation.
Drivers and restraints.
Regional insights.
Competitive landscape.
New growth opportunities.
List of key players in the market.
Drivers & Restraints:
Increasing Urbanization and Demand from Construction Industry to Uplift Market
The demand for construction projects has increased with the increasing population and growing urbanization. The materials required for construction are in high demand for commercial, residential, and industrial applications.
The need for proper drainage systems is the essential and primary need for urbanization, raising the global piping and fittings market in the future. One of the critical environmental projects is rainwater harvesting, and this project helps the piping and fitting market to grow. Construction of innovative and new structures needs highly advanced piping and fitting system for integration.
The pipes are made of aluminum, steel, and so on. They are higher in weight and more expensive, and their maintenance cost and corrosion are the factors that are anticipated to hinder the market growth.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/get-a-quote/piping-and-fittings-market-104730
Regional Piping and Fittings Market Insights:
Increasing Infrastructural Projects and Need for Rainwater Harvesting to Drive Market Growth in Asia Pacific
Asia Pacific is to grow and witness high market growth to become the dominant market player. With the increase in the various infrastructural projects and emerging need for rainwater harvesting to help the use and need of water for a longer time in rural areas.
North American and Europe piping and fitting market is expected to gain momentum with growing advancements in wastewater management and treatment plants. According to the United States Environmental Protection Agency (USEPA), the U.S. government is anticipated to invest for over 25 years, around USD 271 billion, in wastewater management projects. This reason is expected to drive the market during the forecast period. Another bank, European Investment Bank (EIB) 2019, announced that the government has invested around EUR 2.4 billion, of which 11.5 million were for sanitation improvement.
๐น๐๐๐๐๐๐ ๐น๐๐๐๐๐๐ -
Pipe Inspection Robot Market - https://www.fortunebusinessinsights.com/pipe-inspection-robot-market-109520
Pipeline and Process Services Market - https://www.fortunebusinessinsights.com/pipeline-and-process-services-market-105466
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