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Global pipe joint market was valued 8127.34 million USD in 2017
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Pipe components are typically used in laying pipelines that provide means of transport for fluids into and out of the building. Given that efficient pipe is a critical requirement for all buildings, demand for pipe joints and fixtures is dependent on the level of construction activity, which in turn is influenced by the overall health of the economy. The level of economic growth and construction activity primarily dictates market prospects for pipe joints.


Rapid urbanization in developing countries will continue to drive growth in the market, since strong urban concentration will trigger increases in infrastructure expenditure, and urban planning. The creation of large megacities involves the construction of high-rise buildings and skyscrapers, which in turn increases prospects for pipe work, thus driving market prospects for pipe joints and fixtures.


In terms of revenue, global pipe joint market was valued 8127.34 million USD in 2017, and is estimated to be worth 11685.06 million USD by 2024. In terms of volume, global consumption of pipe joint was about 2548.5 million pieces in 2017. And it is anticipated to reach 3600.2 million pieces by 2024.


The industry concentration is relatively low. Manufactures are distributed all over the world. Leading players in Pipe Joint industry are Victaulic, LESSO, Uponor, Yonggao and Kangtai Pape. LESSO is the largest manufacturer, with the sales market share of 4.33% in 2017.


Globally, pipe joints are mainly consumed in USA, Europe and China. China is the largest consumption region with consumption amount of 1512.7 M pieces in 2017. During all those regions, Asia has largest CAGR during past five years and greatest market potential


Under the influence of raw material, market competitions and economic conditions, the price of pipe joint is increasing recently because of the downstream demand. By 2024, global consumption will be 3600.2 million pieces.