This report segments the galvanized pipe fitting market by end-user (non-residential and residential) and geography (APAC, North America , Europe , MEA, and South America )
NEW YORK , July 6, 2022 /PRNewswire/ -- Galvanization is a process in which a protective zinc coating is applied to a steel or iron pipe to prevent it from rusting. Galvanized pipes are used widely in the oil and gas and construction industries as well as in water and wastewater treatment plants.
According to Technavio's latest report on the galvanized pipe fitting market, the market size is projected to grow by USD 1.36 bn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 7.68% during the forecast period.
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Galvanized Pipe Fitting Market: Major Trend , Driver, and Challenge
Increase in deep-water and ultra-deep-water projects is a major in the galvanized pipe fitting market growth. Oil resources are depleting across the world, and the global economy is highly reliant on fossil fuels. This has led to exploration and extraction activities in unchartered territories, which, in turn, has increased the reliance on deep-water and ultra-deep-water exploration operations.
Economic advantages of pipeline transportation in the oil and gas industry are driving the galvanized pipe fitting market. Low perceived risk during transportation is one of the advantages. In comparison, the use of road and rail tankers for the transportation of oil and gas is highly risky. These factors will support the market growth.
Uncertain macro-economic conditions are challenging the galvanized pipe fitting market. The construction industry is highly reliant on national and regional macroeconomic conditions. Currently, countries such as the US are facing a period of slowdown and volatility, which is having an adverse effect on businesses. Other factors include fuel and other energy costs, conditions in the non-residential real estate markets, labor and healthcare costs, access to credit, and other macroeconomic factors.
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Galvanized Pipe Fitting Market: Some Key Vendors and their Offerings
AB Alvenius Industrier - The company offers pipe fittings for all applications such as short pipes, valves, reducer and end caps, flanged connectors, T-pipes, and others.
American Piping Products Inc. - The company offers different kinds of pipes such as seamless carbon pipe, low temp pipe, alloy pipe, and seamless stainless steel pipe.
Detroit Nipple Works Inc. - The company offers galvanized pipe fitting for hex bushing, bell reducers, reducing tees, street ells, plugs, caps, and others.
Improved Piping Product Inc. - The company offers galvanized pipe fitting for stainless steel rings, polypropylene encapsulated ductile iron, flange adapter fittings, and others.
Missouri Pipe Fittings Co. - The company offers galvanized pipe fitting, namely ASTM A351, ASTM A182, and ASTM A403.
Reasons to Buy Galvanized Pipe Fitting Market Report:
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist galvanized pipe fitting market growth during the next five years
Estimation of the galvanized pipe fitting market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the galvanized pipe fitting market across APAC, North America , Europe , MEA, and South America
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of galvanized pipe fitting market vendors
Oil and Gas Pipeline and Transportation Automation Market by Application and Geography - Forecast and Analysis 2022-2026
Pipeline Integrity Management Market by Deployment and Geography - Forecast and Analysis 2022-2026
Galvanized Pipe Fitting Market Scope
Accelerate at a CAGR of 7.68%
APAC, North America, Europe, MEA, and South America
China, US, India, Germany, and UAE
Leading companies, competitive strategies, consumer engagement scope
AB Alvenius Industrier, American Piping Products Inc., Detroit Nipple Works Inc., Improved Piping Product Inc., Missouri Pipe Fittings Co., Morrill Industries Inc., Mueller Industries Inc., Quality Pipe Products Inc., Smith-Cooper International Inc., and TUBESPEC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2020 - 2025
5.3 Non-residential - Market size and forecast 2020-2025
5.4 Residential - Market size and forecast 2020-2025
7.3 APAC - Market size and forecast 2020-2025
7.4 North America - Market size and forecast 2020-2025
7.5 Europe - Market size and forecast 2020-2025
7.6 MEA - Market size and forecast 2020-2025
7.7 South America - Market size and forecast 2020-2025
11.2 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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