DUBLIN–(BUSINESS WIRE)–The report “Stainless Steel Plumbing Pipe Market by Construction Type, Application and End User: Global Opportunities Analysis and Industry Forecast, 2021-2030” has been added to from ResearchAndMarkets.com offer.
The global stainless steel plumbing pipe market size is projected to reach USD 4,924.2 million in 2030 from USD 8,170.7 million in 2020, growing at a CAGR of 4.8% from 2021 to 2030.
Stainless steel plumbing pipes are parts used in the installation of sanitary wares in bathrooms or toilets and the kitchen of residential or non-residential buildings. Products such as fittings, manifolds and pipes are considered plumbing pipes. Stainless steel plumbing pipes have characteristics such as corrosion resistance, flexibility, rigidity and durability, which are suitable for residential, commercial and industrial plumbing applications.
Fittings are elbows, adapters, or T-joints that are used to connect pipes to each other or to manifolds and valves. Manifolds are equipment that distributes the flow of hot and cold water circulating in different tanks. Stainless steel plumbing pipes are the means of flow of water from the tank to faucets or sanitary fittings. Valves control the flow of water. The residential segment includes plumbing pipes installed in bathrooms or toilets and kitchens of detached houses or bungalows, apartments, townships and private buildings.
Plumbing pipes used in kitchens, toilets or bathrooms in hotels, shopping malls, offices and public places are considered in the non-residential category. Bathrooms and kitchens in residential and non-residential spaces require good quality plumbing pipes for durability. The fittings used in the installation of bathtubs, shower heads, faucets and other sanitary equipment give them stability and efficiency. Additionally, renovation of old bathrooms and kitchens in residential and non-residential buildings and new construction projects are driving the stainless steel plumbing pipe market.
However, decreasing new construction activity in developed countries and fluctuating raw material prices are expected to restrain the growth of the global stainless steel plumbing pipe market. On the contrary, increasing infrastructure development in African countries is expected to provide lucrative opportunities for the growth of the stainless steel plumbing pipes market.
Key Benefits
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The report provides an in-depth analysis of current and emerging global Stainless Steel Plumbing Pipe market trends and dynamics.
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In-depth analysis of the market is carried out by estimates of the global stainless steel plumbing pipe market for key market segments between 2020 and 2030.
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In-depth market analysis is performed by tracking the positioning of key products and monitoring major competitors within the scope of the market.
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A comprehensive analysis of the global Stainless Steel Plumbing Pipe market opportunities for all countries is also provided in the report.
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Forecast analysis of the global stainless steel plumbing market from 2021 to 2030 is included in the report.
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Major market players are profiled in this report and their strategies are thoroughly analyzed which helps in understanding the competitive outlook of the industry.
Market dynamics
Drivers
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Renovation of residential and non-residential bathrooms and toilets
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Increase in the construction of shopping centers and offices
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Increase in home renovation expenses
Constraints
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Commodity price fluctuation
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Decline in new construction activities in African countries
Opportunities
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Infrastructure development in African countries
Market segments
By construction type
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Renovation
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Kitchens
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Bathroom & WC
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Others
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New construction
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Kitchens
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Bathroom & WC
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Others
Per end user
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Residential
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Single parent family
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Several families
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Non-residential
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Desks
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Schools
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Industrial buildings
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Retail
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Hospitals
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Hostels
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Others
By request
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bathtubs
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Faucets
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shower head
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Others
By region
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North America
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WE
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Canada
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Mexico
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Europe
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Germany
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France
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UK
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Italy
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The rest of Europe
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Asia Pacific
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China
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Japan
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India
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South Korea
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Rest of Asia-Pacific
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LAMEA
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Latin America
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Middle East
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Africa
Key players
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Geberit AG
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Jindal Stainless Limited
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Steelmor Industries
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Central States Industrial
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Mueller Industries Inc
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Reliance Worldwide Corporation Limited
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Turnkey Industrial Pipes and Supply Inc
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Uponor Company
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Bradley Company
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Globe Union Industrial Corp.
For more information about this report visit https://www.researchandmarkets.com/r/klbnts
