Lucintel’s latest market report analyzed that small diameter pipe provides attractive opportunities in potable water and wastewater pipe, oil and gas, and small diameter pipe segments. The small diameter pipe market is expected to reach $159.6 billion by 2027 with a CAGR of 5.6%. In this market, plastic pipes is the largest segment by material, whereas wastewater is largest by application. Increasing use of premium and technically advanced with high efficient small diameter pipes and development of multilayer material in small diameter pipes provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/small-diameter-pipe-market.aspx Based on material, the small diameter pipe market is segmented into metal pipe, plastic pipe, concrete pipe, FRP pipe and others. The plastic pipes segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period.
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The Small Diameter Pipe Market is marked by the presence of several big and small players. Some of the prominent players offering small diameter pipe include United States Steel Corp., Tenaris SA, Vallourec SA, OAO TMK, and ArcelorMittal SA.
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