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Global Pipes, Valves & Fittings Industry Report: Country Overview; Recent Events: Value Chain Analysis; Production Process; Trade Analysis; Cost Structure; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Pricing Model; Key Supplier Analysis, 2022-2027

Pipes, Valves & Fittings Industry Report by Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices


The global Pipes, Valves & Fittings market reached a value of about USD 59.01 billion in 2021. The industry is projected to grow at a CAGR of around 8.5% in the forecast period of 2022-2027 to reach a value of USD 94.64 billion by 2027.

The pipes, valves & fittings industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The main utilisation that demands piping and fittings are irrigation, water supply, sewage management, and others with increasing demand for PVC pipes over the estimated period. The key demand indicator in the industry report is the highest category spender by region - Asia Pacific.

Industry Definition and Segmentation

Pipes are commonly used for the passage of gaseous and fluidic substances utilised in residential, commercial, and industrial functions. The fittings on the other hand are divergent pipes that support the volume and management of fluidic flow. Pipes are the key piece of instrument that assists in the movement of fluid and gases with high factor restrictions such as high temperature, high density, and heavy flow.  In addition, a valve is a machine-driven device that regulates the flow of fluid with the feature of closing and opening or partly blocking several entries. Valves are primarily used to control the water supply for domestic purposes nevertheless they are also applied in various industries such as oil and gas, chemical, and more to execute critical activities. The global pipes, valves & fittings industry report comprises segments based on regions (Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific region holds a substantial share in the global pipe, valves, and fittings market with China occupying the major segment in the region’s pipe manufacturing market owing to the implementation of various infrastructural ventures and the requirement for rainwater harvesting to accommodate the need for water in rural areas for a long term. Major investment in all sorts of oil and gas industry is propelling the rise in demand for pipes and fittings market. Similarly, growth in the investment in the power generation industry which depends on renewable energy sources is the highly developing industry for pipes and fittings market.

Primary applications that require piping and fittings are irrigation, water supply, sewage management, and others with higher usage of PVC pipes. Industries such as chemicals, oil and gas, and pharmaceuticals also mainly depend on the ideal piping and fitting system. Factors like the growth of the population that is leading to the higher demand for urbanisation and construction projects, and the high demand for construction material for necessary residential, commercial, and industrial applications are driving the growth of the pipe, valve, and fittings market. Additionally, rainwater harvesting which is one of the important parts of saving the environment is fueling the development of the pipe and fittings market worldwide.

However, the metal pipes are cumbersome, corrosive, and less cost-effective. Also, the heavy maintenance required because of the leakages appearing in pipes is harming the further growth of the market.

Best Procurement Practices

The global Pipes, Valves & Fittings industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by Pipes, Valves & Fittings providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.

Category Management Studies

Pipes are commonly made of stainless steel however several materials are also used such as cast iron, copper, and aluminium. In addition, for water and airlines and ceramic for drainage and sewage pipes, plastic is used for manufacturing pipes. The sterile sampling valve comprises three sections, a valve body, a valve head, and a membrane. The membrane is made of rubber that is positioned in the stem of the valve head and functions as a stretchable socket. Furthermore, seamless pipes and welded pipes with filler material are used to produce fittings. The most popular process of manufacturing elbows from the pipe is the mandrel method which is a type of hot forming method.

Government Investment and Emphasis on Sewerage Treatment to Meet Global Water Demand are Anticipated to Further Drive the Procurement of Pipes, Valves & Fittings

Owing to the increasing government-initiated infrastructural projects and rise in urbanisation are leading to the urban infrastructure development because of which pipes and fittings are creating the need for applying appropriate water supply systems and other purposes. As per the Conference Board, The Fiscal Year 2021 budget proposal consisted of approximate financing of USD 200 billion in infrastructure project which was put up in 2021 in the US. Such investments are moving to propel the expansion of the market. Around 36% of the population globally lives in the water-threatened regions, according to World Bank. Furthermore, increasing focus on the quality of water and public health concerns, high occurrence of water-borne diseases, and rigorous governmental guidelines on processing wastewater are stimulating market growth.

The key zones in the industry are Europe, North America, Latin America, the Asia Pacific, and the Middle East, and Africa.

Key Industry Players Mentioned in the Pipes, Valves & Fittings Industry Report

  • MRC Global Corp.
  • DistributionNOW (NOW Inc.)
  • Edgen Murray
  • Ferguson (Wolseley Industrial Group)
  • FloWorks International, LLC

Market Landscape

Manufacturing companies are concentrating on improving their production processes and sorting the piping prices to fulfil the increasing need for piping and fittings in numerous residential, construction, oil and gas, and several other sectors. Owing to retaining their positions in the market, prominent market players are providing additional purchase maintenance facilities and services, with increasing investments in research and development.

Key Initiatives by Companies

  • In April 2021, there was a contract signed by Saint-Gobain to sell 67% of its pipe company in China to a conglomerate led by the domestic government. This divestment would permit its connection with the pipe business in Europe to be retained through long-term industrial collaboration.
  • In February 2021, a contract was signed by Aliaxis to disassociate its plastic piping system company based in South-East Asia to LESSO Group, which is a big industrial group of pipes and fitting, construction materials in China. This disassociation was done with an aim to give growth to core markets and prospects.

1.    Executive Summary
2.    Pipes, Valves & Fittings Industry Snapshot

    2.1.    Pipes, Valves & Fittings Market Outlook
    2.2.    Regional/ Country Overview
        2.2.1.    North America
        2.2.2.    Europe
        2.2.3.    Asia Pacific 
        2.2.4.    Latin America
        2.2.5.    Middle East & Africa 
3.    Impact of Recent Events
4.    Pipes, Valves & Fittings Value Chain Analysis
5.    Pipes, Valves & Fittings Production Process
6.    Trade Analysis
7.    Major Risk Factors in Sourcing
8.    Pipes, Valves & Fittings Cost Structure
9.    Pipes, Valves & Fittings Price Analysis
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Pipes, Valves & Fittings Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis 
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    MRC Global Corp.
    15.2.    DistributionNOW (NOW Inc.)
    15.3.    Edgen Murray
    15.4.    Ferguson (Wolseley Industrial Group)
    15.5.    FloWorks International, LLC

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Key Questions Answered in the Report

In 2021, the global attained a volume of around USD 59.01 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 8.5%.

Primary applications that require piping and fittings are irrigation, water supply, sewage management, and others. Moreover, the increasing government-initiated infrastructural projects and rise in urbanisation are leading to the urban infrastructure development because of which pipes and fittings are creating the need for applying appropriate water supply systems and other purposes.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Some of the leading players in the industry are MRC Global Corp., DistributionNOW (NOW Inc.), Edgen Murray, Ferguson (Wolseley Industrial Group), and FloWorks International, LLC.

Analyst Review

The global Pipes, Valves & Fittings market reached a value of about USD 59.01 billion in 2021 and is projected to grow at a CAGR of around 8.5% in the forecast period of 2022-2027. The Asia Pacific region holds a substantial share in the global pipe, valves, and fittings market with China occupying the major segment in the region’s pipe manufacturing market owing to the implementation of various infrastructural ventures and the requirement for rainwater harvesting to accommodate the need for water in rural areas for a long term. Primary applications that require piping and fittings are irrigation, water supply, sewage management, and others with higher usage of PVC pipes. Industries such as chemicals, oil and gas, and pharmaceuticals also mainly depend on the ideal piping and fitting system. Some of the leading players in the industry are MRC Global Corp., DistributionNOW (NOW Inc.), Edgen Murray, Ferguson (Wolseley Industrial Group), and FloWorks International, LLC.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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