Open Surface Mining Pipes to Capture Over 90% Market Share, Evaluates Fact.MR
Published : 30 Jul 2021 Industry: Industrial Goods
According to the latest report published by Fact.MR - a market research and competitive intelligence provider, the global mining pipes market is expected to surpass a market value of US$ 11 Bn by 2031.
HDPE mining pipes are gradually gaining momentum across various avenues of mining applications owing to multiple advantages over conventional metal mining pipes. HDPE mining pipes offers resistance to corrosion and abrasion, and increased flexibility. They also prevent chemical reaction between pipe surfaces and fluids.
The global mining pipes is moderately fragmented with numerous players operating at global as well as regional scales. The market is highly competitive in nature due to the presence of many manufacturers across the globe. Increasing industrialization and urbanization is presumed to further drive demand and unfold immense opportunities for manufacturers over the coming years.
Key Takeaways from Market Study
- The global mining pipes market is set to provide an absolute $ opportunity of US$ 5 Bn through 2031.
- Alloy steel mining pipes are estimated to account for 28% market share 2031-end, and gain 95 BPS in market share.
- 100-200 psi is expected to add an absolute dollar opportunity of US$ 3.7 Bn and gain 410 BPS by 2031.
- Demand for above 1,000 mm mining pipes is set to grow 1.6X and be valued at US$ 3.4 Bn at the end of 2031.
- Open surface mining is estimated to account for 92% market share and gain 200 BPS in its market share by 2031.
- On the basis of application, process slurry is projected to capture over 19% market share by 2031.
- Mine dewatering is expected to garner an absolute $ opportunity of nearly US$ 400 Mn by 2031.
According to a Fact.MR analyst, “Need for mining pipes is mounting due to increasing industrialization across the globe due to high demand for minerals”.
Prominent manufacturers operating on a global scale are primarily leaned towards the development of products and strengthening their sales and distribution networks to cater a wide range of customers. In the medium- and long-term forecast period, these strategies will propel them ahead in the global market for mining pipes.
Find More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global mining pipes market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis of material (steel, fiber glass reinforced plastic and high density polyethylene), pressure (below 100 psi, 100 - 200 psi, and above 200 psi), pipe size (below 100 mm, 100-500 mm, 500 - 1000 mm, and above 1000 mm), mining type (underground mining, open surface mining, placer mining, and in-situ mining), and application (dust suppression, heap leaching, pit dewatering, water transportation, process slurry, solution mining, process water, mine dewatering, tailing transportation, and others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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Consultant - Industrial Goods and Automotive