Manufacturers are increasingly developing new stainless steel pipes for plumbing applications, such as faucets, tubs and shower heads, which fuel growth
PORTLAND, UNITED STATES, Nov. 9, 2021 /EINPresswire.com / – Stainless steel pipe is used in residential, commercial and industrial areas for plumbing applications, due to characteristics such as long life, resistance to corrosion, rigid, sturdy and flexible. It is a highly efficient hose used for plumbing and sanitation applications. Stainless steel plumbing pipes are used in plumbing applications such as bathtubs, faucets, shower heads, and toilets.
The global stainless steel plumbing pipe market is expected to reach $ 4.9 billion in 2030, from $ 8.1 billion in 2020, growing at a CAGR of 4.8% from 2021 to 2030.
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According to the UN, urbanization takes place in much of the world. Urban regions are now home to nearly 54.8% of the world’s population. The increase in knowledge of more modern sanitary facilities such as faucets has come from urbanization. The growth of urbanization and the increase in the number of nuclear families, especially in developing countries, has created a significant need for stainless steel pipes for plumbing applications.
Plumbing pipes used in kitchens, toilets or bathrooms in hotels, shopping malls, offices and public places are considered in the non-residential category. Renovation of old bathrooms and kitchens in residential and non-residential buildings and new construction projects are driving the stainless steel plumbing pipe market. In addition, the increase in the number of new residential and commercial construction buildings increases the sale of stainless steel plumbing pipes.
Top 10 key players in the market
Jindal Stainless Limited
Industrial Center States
Mueller Industries Inc
Reliance Worldwide Corporation Limited
Turnkey industrial piping and supply inc
Globe Industrial Union Corp.
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Key market segments
By type of construction
Bathroom and toilets
Bathroom and toilets
By end user
Single parent family
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