India Process Piping Market To Reach $481.03 Million By 2030

India Process Piping Market Growth & Trends

The India process piping market size is expected to reach USD 481.03 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2023 to 2030. The demand for process piping is mainly driven by rapid urbanization and increasing government investments in infrastructural growth including the installation of pipes for efficient water distribution systems.

The increasing industrial activities in the country are anticipated to drive the demand for process piping systems. The government of India is heavily investing in infrastructure and industrial projects, which need efficient and reliable piping systems. The oil & gas industry is the major consumer of process piping systems that are used in exploration, production, and refining applications. In addition, oil & gas production and transportation facilities require extensive piping networks for the proper transportation of oil and gas. The oil & gas industry is influenced by global energy demand, technological advancements, and fluctuating oil prices, which, in turn, is expected to drive the growth of the Indian market for process piping.

Fluctuating raw material prices are expected to hamper the overall market growth over the forecast period. The cost of raw materials utilized in process piping systems, such as copper, plastic, and steel, is volatile, which can affect the overall cost of manufacturing. The aforementioned factors are expected to hinder the growth of the process piping market in the coming years.

Process piping systems are also used in FMCG manufacturing facilities for the distribution of steam, compressed air, water, and other necessary utilities for various operations like sterilization, cleaning, and packaging. The major application of the process in piping systems in FMCG manufacturing facilities is to maintain optimal temperatures in production areas. Process piping is not involved in the direct manufacturing of FMCG products but it plays a major role in maintaining optimal work conditions and regulatory compliance. Thus, the growth of chemical and FMCG industries is one of the major factors driving the demand for India process piping over the forecast period.

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India Process Piping Market Report Highlights

• The market in India was worth USD 303.99 million in 2022 and is projected to grow at a CAGR of 6.1% during the forecast period

• Government initiatives such as Swachh Bharat Abhiyan (Clean India Mission) and AMRUT (Atal Mission for Rejuvenation and Urban Transformation) propel the development of wastewater infrastructure, including the installation of wastewater piping systems is expected to foster the growth of the process piping market in the country

• The steam process piping segment accounted for 32.68% share in 2022, owing to the application of various industries

• The chemical processing application segment is projected to grow at a substantial CAGR throughout the forecast period

India Process Piping Market Segmentation

Grand View Research has segmented the India process piping market based on product and end-use:

India Process Piping Product Outlook (Revenue, USD Million, 2018 - 2030)

• Steam Process Piping

• Wastewater Piping

• Crude Oil Piping

• Acid Piping

• Refrigerant Piping

• Fuel Transfer Piping

India Process Piping End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Oil Refineries

• Food and Beverage Manufacturing Plants

• Paper Mills

• Power Plants

• Chemical Processing

List of Key Players in the India Process Piping Market

• Chemical Process Piping Pvt. Ltd.

• Power Process Piping, Inc.

• Marshall Industrial Technologies

• Carolina Process Piping, Inc.

• Process Piping Materials LLC

• Lesico Process Piping

• JBT

• Thermopack Boiler Services

• Hyperbaric Technologies Pvt. Ltd.

• Gautam Tube Corporation