Composite Pipe System Market (By Type: Filament Winding, Centrifugal Casting, Others; By Application: Oil & Gas, Construction, Chemical, Others; By Region: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Industry Size, Share, Growth, Trends 2025 to 2034.
The global composite pipe system market, valued at USD 4,498 million in 2024, is expected to reach USD 7,830 million by 2034, growing at a CAGR of 5.7% driven by demand for lightweight, durable, and corrosion-resistant piping solutions across industries.
| Reports Attributes | Statistics |
| Market Size in 2024 | USD 4,498 Million |
| Market Size in 2025 | USD 4,754 Million |
| Market Size in 2031 | USD 6,630 Million |
| Market Size by 2034 | USD 7,830 Million |
| CAGR 2025 to 2034 | 5.7% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
The composite pipe system market is growing at a steady pace due to increasing awareness about preventing pipe corrosion. The new modern buildings are highly adopting these pipe systems, which can help them manage hot and cold water distribution smoothly. The lightweight nature of these pipes also serves as a major growth factor, due to their unique advantage, which attracts substantial demand. However, the higher installation cost may limit its adoption rate in some regions due to budget restraints. The material price volatility also increases the overall system's costs, restraining its growth.
The growing demand in the petroleum and chemical industries is expected to help the composite pipe system market grow in the upcoming years. Middle Eastern and Asian countries are experiencing significant infrastructure investment, which will contribute to their future growth. The use of AI is highly helpful in structural health monitoring, which can prevent any major damage and loss.
| Regions | Shares (%) |
| North America | 22% |
| Asia Pacific | 38% |
| Europe | 24% |
| Latin America | 9% |
| Middle East & Africa | 7% |
| Segments | Shares (%) |
| Filament Winding | 56% |
| Centrifugal Casting | 32% |
| Others | 12% |
| Segments | Shares (%) |
| Oil & Gas | 46% |
| Construction | 28% |
| Chemical | 18% |
| Others | 8% |
Published by Saurabh Bidwai
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