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Market Overview of Global Large Diameter Pipe market:
According to our latest research, the global Large Diameter Pipe market looks promising in the next 5 years. As of 2022, the global Large Diameter Pipe market was estimated at USD 28166.4 million, and it's anticipated to reach USD 32336.0 million in 2028, with a CAGR of 2.33% during the forecast years.
Large Diameter Pipe refer to pipe of 20-100+ inches. Large Diameter Pipe can be divided into metal pipe, plastic pipe and concrete pipe. Mainly used in potable water pipe, waste water pipe, oil and gas pipe, industrial pipe and so on.
The COVID-19 Outbreak Has A Great Impact on Downstream Industries
The outbreak and persistence of pneumonia in COVID-19 will undoubtedly have a serious impact on the global oil industry in 2020. The sharp decline and rebound of oil demand has caused the global oil product inventory and oil price to fluctuate greatly.
The International Energy Agency warned that the impact of the epidemic on the energy system will last for many years. This year, the global oil demand will drop by 8%, and the Brent crude oil price will not reach the level of 50 dollars per barrel until 2023. If the policies and targets of various countries are implemented smoothly, the global energy demand will return to the pre-epidemic level in early 2023. If the epidemic is prolonged and the decline is deepened, this will be postponed until 2025.
Oil and gas industry is one of the main downstream applications of Large Diameter Pipe. The Large Diameter Pipe plays an important role in oil collection and transportation. With the outbreak of the epidemic, the oil industry fluctuates greatly, the demand side and the supply side will be more cautious, and the related investment will be reduced, which will increase the risk of future market fluctuations. Affected by this, the market of Large Diameter Pipe will fluctuate, and market investment needs to be more cautious.
The Production and Sales of Large Diameter Pipe are Affected
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Large Diameter Pipe industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
Growing demand in downstream industries
Using natural gas as energy can reduce the consumption of coal and oil, thus greatly improving the environmental pollution problem; As a clean energy, natural gas can reduce sulfur dioxide and dust emissions by nearly 100%, carbon dioxide emissions by 60% and nitrogen oxides emissions by 50%, and help to reduce the formation of acid rain, slow down the global greenhouse effect and fundamentally improve the environmental quality. With the implementation of the concept of environmental protection, the demand for natural gas is increasing, and natural gas pipes can be used to transport natural gas. Natural gas pipe transportation has the advantages of low transportation cost, less land occupation, fast construction, large oil and gas transportation volume, high safety performance, less transportation loss, no "three wastes" emission, less leakage risk, less environmental pollution, less influence by bad weather, less equipment maintenance, easy management, and easy remote centralized monitoring. The increase of natural gas demand will promote the development of large diameter natural gas pipe industry.
The low-end market of Large Diameter Pipe industry is highly competitive
The competition in the low-end market of Large Diameter Pipe industry is fierce, and the homogenization of products is serious. The supply of products in the high-end market is in short supply, which affects the economic benefits of the industry. Enterprises with large advantages in cost and scale will seize more market share, and the market structure of Large Diameter Pipe industry will tend to be stable in the long run. However, with the continuous expansion of production capacity of high-end products, product upgrading and technological innovation, the overall development level of the industry will continue to improve.
The maintenance cost of Large Diameter Pipe
The city's water supply, drainage, heat supply and gas supply pipes and long-distance oil and gas transmission Large Diameter Pipe are mostly laid underground, while the factory's process pipes are mostly laid on the ground for ease of operation and maintenance. The passage, support, slope and drainage, compensation, heat preservation and heating, corrosion prevention and cleaning, identification and painting and safety of pipe are all important issues for both above-ground and underground laying. In order to ensure the safe operation of the pipe and prevent the accident from expanding in time when an accident occurs, in addition to installing detection and control instruments and safety valves on the pipe, special safety measures are also adopted for certain important Large Diameter Pipe, such as installing accident pressure relief valves or emergency cut-off valves on gas pipes and pipes for long-distance transportation of oil and natural gas. All of these measures will increase the maintenance cost of Large Diameter Pipe, thus challenging the enterprise.
Geographically, Asia Pacific held the largest market share - 34.94% in 2022.
Vallourec SA is one of the major players operating in the Large Diameter Pipe market, holding a share of 5.23% in 2023.
Vallourec S.A. is a multinational manufacturing company headquartered in Boulogne-Billancourt, Paris, France. Vallourec specializes in hot rolled seamless steel tubes, expandable tubular technology, automotive parts, and stainless steel, which it provides to energy, construction, automotive, and mechanical industries.
Welspun Corp. Ltd
WCL currently offers a one stop solution in line pipes with a capacity to manufacture Longitudinal (LSAW), Spiral (HSAW) and HFERW / HFI (ERW) pipes. The company additionally offers coating, bending and double jointing facilities, thereby giving a 360-degree pipe solution to its customers.
By type, Metal Pipe segment accounted for the largest share of market in 2022.
In the Large Diameter Pipe market, 38.79% of the total value was generated through the Wastewater Pipe segment by application in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Large Diameter Pipe market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Large Diameter Pipe Market Report:
Market Size Estimates: Large Diameter Pipe market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Large Diameter Pipe market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Large Diameter Pipe market
Segment Market Analysis: Large Diameter Pipe market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Large Diameter Pipe market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Large Diameter Pipe Market: Revenue and sales volume of major countries in each region
Large Diameter Pipe Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Large Diameter Pipe market in major regions.
Large Diameter Pipe Industry Value Chain: Large Diameter Pipe market raw materials & suppliers, manufacturing process, distributors, downstream customers
Large Diameter Pipe Industry News, Policies & Regulations
Key players in the global Large Diameter Pipe market are covered in Chapter 12:
Advanced Drainage Systems
Welspun Corp. Ltd
Chevron Phillips Chemical
In Chapter 2 and Chapter 15.1, based on types, the Large Diameter Pipe market from 2018 to 2028 is primarily split into:
In Chapter 3 and Chapter 15.2, based on applications, the Large Diameter Pipe market from 2018 to 2028 covers:
Potable Water Pipe
Oil and Gas Pipe
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
Asia-Pacific (Covered in Chapter 8)
Europe (Covered in Chapter 9)
Latin America (Covered in Chapter 10)
Middle East and Africa (Covered in Chapter 11)
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Large Diameter Pipe market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028