The plumbing fittings market will reach US$91.9 billion by 2031; State TMR Study

  • Rising construction activities in emerging economies are driving demand in the plumbing fittings market; massive pipe demand for performance plumbing systems driving revenue growth
  • Mass adoption of metal and plastic pipes for residential projects in industrialized countries, boosting sales; opportunities in Asia Pacific lucrative market in near future due to massive demand

WILMINGTON, Del., July 25, 2022 /PRNewswire/ — The demand for plumbing systems in residential and industrial construction, especially in emerging economies, has increased the market size of the plumbing industry. The increased use of pipes and fittings in retrofitted buildings is a key trend that will increase the plumbing fittings market share in the plumbing industry. The global plumbing fittings market is expected to grow at a CAGR of 4.7% from 2022 to 2031.

An aging public infrastructure has spurred the need for plumbing fixtures and fittings in renovation projects, thereby increasing the size of the plumbing fittings market. It should be noted that consumers and architects are increasingly adopting durable and versatile piping systems. This trend has enhanced the revenue potential of the PVC pipe and fittings market. Over the years, sales of PVC pipe and fittings have proliferated around the world.

The need for new designs in plumbing works is catalyzing growth opportunities for plumbing fittings manufacturers. Companies are adopting advanced technologies to manufacture high performance PVC pipes. An example of this is the application of molecular orientation for the manufacture of next-generation pipes used in plumbing systems, thus widening the canvas for companies in the plumbing fittings market. The study revealed that brass, steel and bronze are widely used materials in the range of plumbing fittings for drain, waste and vent (DWV) applications.

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Key Findings of the Plumbing Fittings Market Research

  • Growing demand for sustainable piping systems to expand the avenues: Consumers in the plumbing fittings market are increasingly adopting durable and cost-effective pipe fittings. A multitude of functional attributes related to corrosion resistance have driven the demand for these products in industrialized countries for both new construction and renovations. It should be noted that demand from owners is likely to generate huge lucrative opportunities for companies in the plumbing fittings market over the forecast period.
  • Mass adoption of metal pipes to generate substantial revenue: The TMR study revealed that among the different materials, metals held the leading plumbing fittings market share in 2021. Nevertheless, the focus on durability has led to metals being preferred over polymer pipes and fittings, like the adoption of PVC and PEX pipes. fittings.
  • Increase in residential and non-residential projects in industrialized countries to propel revenue growth: In recent decades, industrialized countries have experienced an increase in urban population. This trend is expected to continue at least until 2040, according to various United Nations findings. This will inevitably invigorate residential constructions, which will strongly boost the demand for plumbing pipes and fittings. In addition, pressure on public health systems will prompt various governments to invest in new construction projects. The demand for plumbing piping systems will thus gain a robust boost, which will expand the revenue potential of the plumbing fittings market.

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Plumbing Fittings Market: Key Drivers

  • The increase in urban population in recent years in both developed and developing countries is a major driver of housing need. It is a key driver of the plumbing fittings market.
  • Massive investments made in the construction of industrial infrastructure over the past few years have broadened lucrative avenues for players in the plumbing fittings market

Plumbing Fittings Market: Regional Growth Dynamics

Asia Pacific is a remarkably lucrative plumbing fittings market. The year-on-year revenue growth of the construction industry in various developing countries has boosted the demand for plumbing fittings. In emerging economies like India and Chinathe number of residential and non-residential construction is increasing, which has generated profitable opportunities for businesses in the Asia Pacific plumbing fittings market. Additionally, prominent companies are expanding their manufacturing units in the region, to tap into the huge revenue streams from various industrialized nations.

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Plumbing Fittings Market: Key Players

Product diversification and mergers and acquisitions are some of the major competitive strategies of the plumbing fittings market players. Key players include:

  • Uponor Company
  • Prince Pipes And Fittings Ltd.
  • Nupi Industrie Italiane SPA
  • Muller Industries
  • Morris International Group
  • McWane, Inc.
  • Masco Company
  • Finolex Industries Ltd.
  • Charlotte Blowjob and foundry

Plumbing Fittings Market Segmentation

  • Making up
    • Pipes
    • Fittings for joints
    • Others (Faucets, Sanitary)
  • Material
    • Metal
    • Polymer
      • PPSU
      • PVDS
      • AP modifier
      • Others
  • Application
    • Residential
    • Commercial
    • Industrial
  • Distribution channel

Regions covered

  • North America
  • Europe
  • Asia Pacific
  • AEM
  • South America

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