The Global Composite Pipes Market size is expected to grow at a CAGR of 6.7% from 2021-2028 and reach US$ 5,827 million by 2028. The demand for composite pipes has been increasing due to the growing number of construction projects in emerging economies such as India and China. Furthermore, the use of these products is also on an upward trend in developed countries like the US and Germany.
A Composite Pipe is a type of pipe with layers, which are made from different materials. The most common use for these pipes is in the construction industry to transport water and sewage. Composite pipes can also be used in other industries such as oil & gas extraction and chemical production where they provide benefits like low maintenance costs, excellent thermal insulation properties, and increased strength.
On the basis of Type, the market is segmtned into 14MM, 26MM, and 63MM. The 14 MM segment is expected to dominate this market throughout the study period owing to its wide applications across various industries such as chemical processing plants for leak detection purposes etc., the construction industry for plumbing lines, and so on. However, there has been an increased demand for higher diameters of these pipes because it facilitates a smoother flow of liquids and gas, thus leading to a higher demand for the 26MM segment.
A composite pipe is a type of pipe that consists of two or more layers with different properties. The inner layer is often made from steel or plastic and it transmits the pressure to the outer layer, which has a better resistance against corrosion and other external factors. A 14 mm composite pipe can be used in connection with various types of fluids for convenience purposes
The advantages are as follows:
High efficiency - It reduces friction losses by up to 30% compared to traditional metal pipes and therefore improves energy efficiency in many industries. In addition, this also leads to lower operating costs because less power will be needed when pumping water through the system.
Lower weight - Composite pipes are much lighter, which means that they can be easily transported and installed in areas with rough terrain or difficult access.
High resistance - to external factors like corrosion, oil & gas industry spills, and pressure
26 mm composite pipes are used in high-pressure and high-temperature fluid transportation. They have an outer layer of polymer, followed by a steel or other metal (most often aluminum) core to prevent corrosion. The combination of polymers, metals, and impregnated fibers provides for very strong structural integrity at the same time that it has low thermal conductivity values. This allows 26mm composite pipes to offer some competitive advantages over traditional materials like iron and copper with their higher weight per unit length of pipe as well as better resistance to aggressive chemicals found within industries such as oil & gas production facilities where they can be encountered during use.
This type of pipe used in the construction industry. This is a heavy-duty and durable pipeline that has been reinforced with an external layer for protection from wear, abrasion, or puncture damage applied to it during installation. The reinforcement may be as simple as a steel cable or wire mesh laid over the outer surface of the pipe, which will increase its load-bearing ability and durability substantially. The material can be made out of different materials such as polymeric (the most common), fiberglass composite, metal alloy, and others.
On the basis of Application, the market is segmented into Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverage Industry, and Chemical Industry.
In the oil and gas industry, composite piping systems offer better corrosion resistance than conventional materials. They're also more resistant to both extreme temperatures and vibrations in comparison to traditional pipelines. The low weight of these pipes means they are easier for a variety of construction equipment such as excavators or cranes to carry around with them on-site – so it's significantly less work for operators to transport lengths from one place to another which saves money overall.
There are several industries that make use of composite pipes for their business. One such industry is the construction industry, where these pipes serve as a substitute for traditional metal pipelines. This substitution has been made possible because they offer more flexibility and lighter weight than conventional piping systems in this field. The ability to manufacture shorter runs also means reduced installation costs due to faster assembly times on site.
The increasing need for greater environmental protection has prompted many countries around the world to impose strict regulations about how to pipe materials can be manufactured, handled, and disposed of off once they have served their purpose within an application. Composite pipe manufacturers have responded by developing products with better sustainability so that there will be no negative impact on the environment when it's time for them to stop functioning.
Composite pipes in the agriculture industry are used to transport water, fertilizers, and pesticides. In Chemical Industry they are used for the transportation of hazardous liquids or gases that can be dangerous if leaked into natural waterways.
Composite pipes are used in the food & beverage industry for transporting beverages and other liquids. They have a large diameter, which makes them suitable for carrying fluids with high viscosity (thickness) such as those found in milk or molasses. The speed at which these fluids can be transported is much faster than if they were being carried by pipelines made of iron or concrete because they do not create turbulence in their wakes like that seen on energy-intensive transportation modes such as trucks and trains. This also reduces pollution caused by air emissions from said vehicles because lighter loads mean less fuel consumption. Subsequently, composite pipes perform relatively well over long distances due to low wear rates compared to metallic piping that needs constant maintenance, repair, and replacement.
These pipes have been used as a filter for chemical processes such as purification and filtration. In many industries including chemicals, oil & gas, etc., polypropylene resin (PP) fiber tubes with an SDR value of between 70-80 can be utilized to make up composite piping systems that can withstand extreme temperatures and pressures like those found in petroleum refineries or petrochemical plants. These materials are chemically inert which makes them suitable for containing corrosive substances under rigorous operational conditions without reacting so they generally require less maintenance than other pipe types. Polypropylene also offers good resistance to abrasion damage at high flow velocities.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is leading among all regions which accounted for highest revenue by 2028 end mainly due to increased consumption from industries like construction sector. Alongside it Latin America also had significant growth rates during the forecast period while Europe was at a slower pace than that seen by North American countries because of factors like Brexit impact on economy etc., the Asia Pacific will have the fastest growth rates during the forecast period owing to increased demand from countries like China and India.
Up Market Research published a new report titled “Composite Pipes Market research report which is segmented by Types (14MM, 26MM, 63MM, Others), By Applications (Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverage Industry, Chemical Industry, Others), By Players/Companies KiTEC, Vasitars, Jindal Pex Tibes, Akiet, KISAN, Cerro Flow Product, Furukawa Electric, Cambridge-Lee, SH Copper, Wieland-Werke”.
|Report Attributes||Report Details|
|Report Title||Composite Pipes Market Research Report|
|By Type||14MM, 26MM, 63MM, Others|
|By Application||Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverage Industry, Chemical Industry, Others|
|By Companies||KiTEC, Vasitars, Jindal Pex Tibes, Akiet, KISAN, Cerro Flow Product, Furukawa Electric, Cambridge-Lee, SH Copper, Wieland-Werke|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||219|
|Number of Tables & Figures||154|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 14MM, 26MM, 63MM, Others and By Application Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverage Industry, Chemical Industry, Others.
Some of the companies that are profiled in this report are:
Composite Pipes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Composite Pipes 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 2028.
How you may use our products:
Reasons to Purchase the Composite Pipes Market Report:
Some other reports from this category!