A composite pipe is a pipe made of two or more materials that are combined to achieve better performance. The composite pipe not only has a variety of excellent properties, such as heat resistance, corrosion resistance, pressure resistance, earthquake resistance, insulation, etc., but also has good application performance and economy. Widely used in petroleum, chemical industry, metallurgy and other fields.
According to the new market research report “Composite Pipes- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Composite Pipes market size is projected to reach USD 21.59 billion by 2030, at a CAGR of 4.6% during the forecast period.
- Global Composite Pipes MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Composite Pipes- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Composite Pipes Top12Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Composite Pipes- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Composite Pipes include TechnipFMC, National Oilwell Varco (NOV), Baker Hughes, Future Pipe Industries (FPI), Jiangsu Shunlong, AMIBLU, Farassan, Jiangsu Zhongxin, Jiangsu New Sunshine, Lianyungang Zhongfu Lianzhong, etc. In 2023, the global top 10 players had a share approximately 40.0% in terms of revenue.
- Composite Pipes,Global Market Size, Split by Product Segment
Source: QYResearch, "Composite Pipes- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Non-metal Composite Pipe is the largest segment, hold a share of 73.4%.
- Composite Pipes,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Composite Pipes- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Oil and Gas Industry is the largest segment, hold a share of 46.0%.
Market Drivers:
Composite pipe because of its corrosion resistance, high strength and light characteristics, in the oil and gas, chemical, water treatment, shipbuilding, heat and new energy fields have a wide range of applications, the growth of these industries directly promote the demand for composite pipe. Investment in infrastructure continues to increase around the world, especially in emerging economies, and these investments often require large amounts of composite pipe materials for construction. Compared with the traditional single material pipe, the composite pipe has significant advantages in wear resistance, high temperature resistance, chemical corrosion resistance and other properties, which meets the high requirements of the modern industry for material properties.
Restraint:
The production of composite pipes depends on a variety of raw materials, and the price changes of these raw materials will affect the cost of production and the price of the final product. The development and enforcement of industry norms and standards can influence product quality and market acceptance. Factors such as export and import policies, tariffs and international trade frictions have an impact on companies that distribute composite pipe products in the global market.
Trend:
Environmental regulations and policy support: The strengthening of environmental regulations and government support for environmentally friendly materials have driven the application and development of composite pipe materials.
Cost effectiveness: Although the initial cost of composite pipe may be high, its durable characteristics can reduce long-term maintenance costs and improve the overall economic efficiency, which is also a major driving force for the market.
Technological innovation: The development of new materials and the advancement of manufacturing technology have improved the performance of composite pipes, and also contributed to the expansion of the market.
Global economic development: With the recovery and growth of the global economy, industrial activities have increased, and the demand for various pipes has also increased.
About The Authors
Yin Hang
Lead Author
Email: yinhang@qyresearch.com
Tel: +86-18310165532
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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