Europe Pipe Market is expected to grow at 5.18% CAGR during the forecast period, 2018-2023.
Europe Pipe market is influenced by various factors. Government supportive policies for construction infrastructure, increasing demand for flexible pipes, government support policies for energy infrastructure, and increasing demand for water and wastewater treatment application are expected to have a positive impact on the Europe Pipe market. However the market growth is hampered by fluctuating raw material prices, disposable of PVC pipes causing global warming.
The Europe Pipe market is expected to grow at 5.18% CAGR during the forecast period, 2018-2023.
The Europe Pipe has been segmented based on material, and end-user. Of all the material, steel accounted for the largest market share of 36.30% in 2016, with a market value of USD 20,163.8 million, which is projected to grow at CAGR of 5.28% during the forecast period. Based on end-user, water & wastewater segment accounted for the largest market share of 37.96% in 2016, with a market value of USD 21,083.2 million, which is projected to grow at the highest CAGR of 4.80%.