Global [FURL=https://www.industryarc.com/Report/19128/pipes-and-fittings-market]Pipes and Fittings Market[/FURL] is forecast to reach $8 billion by 2025, growing at a CAGR of 4.7% during the forecast period from 2020 to 2025. The Pipes and Fittings market is driven primarily by the factors such as increasing urbanization leading to infrastructure growth, and growing demand towards plastic pipes. Moreover, rising use of pipes and fittings in mining industries and chemical industries can help the market to grow further. Adoption of steel pipes and fittings by various industries can also help the market to rise significantly during the forecast period.Key Takeaways
Rapid urbanization has caused rise in infrastructure developments, thus leading to high market demands in plastic piping market across the globe.
Increased pipeline projects due to high gas infrastructure demands are majorly driving the pipes and fittings market.
With high demands from automotive sectors, fittings market is expected to rise in APAC region during the forecast period 2020-2025.
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Geography - Segment Analysis
APAC is expected to have a major growth in the global Pipes and Fittings market during the forecast period from 2020 to 2025. The region is anticipated to hold a major market share in near future due to high government investments for infrastructure as well as demands in automobile industries. Key players like Hind ware and Muellar Industries have contributed for a major market share in the APAC region. During 2019, Indian government had announced of investment of $1.45 trillion towards infrastructure development over the next five years, thereby creating major demands for the pipes and fittings market.
Drivers – Pipes and Fittings Market
Increased investments towards infrastructure :
Increased pipeline projects :
Market Landscape : The major key players in the Pipes and Fittings Market include Saint Gobain, Jaquar group, Aliaxis, Kohler Co., Grohe, Aluminum Roofline products, Charlotte Pipe and Foundry, Hindware, Alumasc Building Products, McAlpine and Co., Mcwane and Mueller industries.
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