Pipeline Monitoring System Market worth $19.2 billion by 2026

The global pipeline monitoring system market size is projected to grow from USD 13.2 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 7.8% from 2021 to 2026. The pipeline monitoring systems market is expected to witness high growth as a result of increased number of oil & gas leakages in production, pipelines, and storage tanks due to natural disasters and high pressure along with stringent government regulations for pipeline safety and security and expansion and upgradation of pipelines. The growth in trend of the development of new devices and solutions to monitor the pipeline performance, optimize the resources, automate the functions, and safeguard the operations fuels the growth of pipeline monitoring systems.

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In terms of value, the metallic pipes segment is estimated to lead the pipeline monitoring system market in 2020.

The metallic pipes segment accounted for the largest market share in the pipeline monitoring system market. Ductile iron pipes, stainless steel pipes, aluminum pipes, and other types, such as cast-iron pipes, corrugated pipes, and copper pipes, are considered under metallic pipes. Iron-based pipes may get corrosive when treated with highly oxygenated water steam; thus, metallic pipes made with steel have a higher demand from the end-user industries. Metallic pipes are also more conducive to heat and less corrosion-resistant than non-metallic pipes.

In terms of value, leak detection is estimated to be the fastest-growing segment in the pipeline monitoring system market.

The leak detection segment is expected to grow at the highest CAGR from 2021 to 2026. This could be attributed to the increasing focus on improving the control over pipeline infrastructure and automating the process to improve productivity, which would enable the monitoring of the conditions of assets and raise an alarm in case of unauthorized events. One of the major reason of leak detection application to grow includes, increase in investments from oil & gas companies in pipeline monitoring infrastructures and safe transportation of the material through it.

The APAC region is projected to be the fastest-growing region in the pipeline monitoring system market during the forecast period.

The APAC region is projected to be the fastest-growing region in the pipeline monitoring system market in terms of both value and volume from 2021 to 2026. This region is witnessing the highest growth rate due to the rapid economic expansion. According to the IMF, China and India are among the fastest-growing economies globally. India is expected to overtake China with the highest growth rate, thus driving the global economy. The expansion of existing pipelines and development of new ones increased incidents of oil and gas leakages in pipelines and storage tanks at production facilities, and formulation of stringent regulations by the governments for the implementation of leak detection technologies and systems in different countries of APAC, and rapidly growing industrial sectors are expected to drive the market in APAC.

Siemens AG (US), Honeywell International Inc. (US), Huawei Technologies Co. Ltd. (China), BAE Systems (UK), and TransCanada PipeLines Limited (Canada), amongst others, are the key players operating in the pipeline monitoring system market.

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Rise in construction and infrastructure activities is driving the Cladding Systems Market

The cladding systems market is projected to grow from USD 234.1 billion in 2021 to USD 306.9 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. Cladding systems market is expected to grow in accordance to the growth of construction industry across the globe. Factors such as increase in the residential and commercial construction and infrastructure activities, along with the demand for durability of cladding systems with the ability to withstand various weathering actions and resist chemical attacks & deterioration are expected to support market growth during the forecast period.

The growth of the cladding systems market is highly dependent on the growth of the construction industry. Most construction activities take place in the emerging countries of the Asia Pacific region. Construction industries in matured markets such as the US and the UK are also growing.

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The rise of the middle class and its consumption patterns are expected to bring about tremendous changes in the world economy. The rise in per capita income of the growing middle-class population is expected to stimulate urbanization further. The middle-class population has become significantly selective when it comes to the selection of specific services and products. The changing lifestyles, high disposable incomes, and rising awareness levels have led to an increased demand for advanced ways of protection, such as wall and roof cladding, for residential buildings.

In terms of volume, the ceramic segment is estimated to lead the cladding systems market in 2020.

Ceramic is mainly used for tile cladding, hence play an important role in the construction industry. The ceramic tiles enhance the overall atmosphere of a residential or commercial landscape. The selection of the type of these tiles is based on several factors such as ease of maintenance, durability, comfort, safety, style, and design templates. Foot traffic plays an important role in the selection of the type of ceramic tiles. The wall tiles are employed in the interior as well as the exterior of the building to meet the requirement of decoration or aesthetics. The usage of ceramic tiles ranges from bathrooms and kitchens in households to laboratories, restaurants, medical centers, shopping centers, schools, and government buildings.

The residential segment is estimated to grow at the highest CAGR

Demand for cladding in the residential segment is primarily attributed to the aesthetic appeal, along with properties such as durability and protection from extreme weather. Other benefits such as fire protection and high thermal efficiency will further drive the demand for cladding systems. Most favorable materials for residential cladding systems include fiber cement, vinyl, bricks, and timber wood. The spending in residential construction is estimated to witness a surge, particularly in the emerging Asia Pacific and South American regions; there is a trend of urbanization observed in these regions, resulting in a higher growth rate for the residential construction market, as compared to developed markets.

Asia Pacific region is projected to account for the largest share in the cladding systems market

The Asia Pacific region is projected to lead the cladding systems market, in terms of both, value and volume, from 2021 to 2026. Factors such as increasing availability of raw materials and manpower, along with sophisticated technologies and innovations have driven the cladding systems market growth in the Asia Pacific region. In addition, growing construction sector, particularly in rapidly-growing countries such as China and India and huge foreign investments drives the Asia Pacific cladding market. However, consumers in this region are price-conscious and lay a lot of importance on this criterion in every aspect of their purchase. Manufacturing cost-effective cladding systems is a challenge faced by players operating in this region.

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Increasing demand from APAC will drive the growth of the global perlite market

The global perlite market size is estimated to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application in various end use industries of perlite ranging from construction industry.

Asia Pacific accounted for the largest share of the Perlite market in 2020. Factors such as the rapidly increasing consumption of perlite in the intimate apparels and sportswear industries in countries such as China, Japan, India, South korea, and Australia have led to an increased demand for Perlite in the Asia Pacific region.

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It is expected that spending on capital projects and infrastructure will grow significantly over the next decade. China, India, and other countries in the Asia Pacific, along with South Africa and Brazil, are investing considerably in the building & construction industry. This investment is required for modernization and commercialization. Rapid urbanization in emerging markets such as India, Malaysia, Thailand, and Brazil are expected to boost the spending in vital infrastructure sectors such as power, construction, and transportation. Improving economic conditions in these emerging markets are projected to increase the use of perlite.

Emerging economies have also been focusing on rapid industrialization over the last few decades. Countries such as India, Indonesia, South Africa, Brazil, and Argentina are transforming their economies from being agricultural-based to manufacturing and other industries. With the emergence of new industries, the need for industrial construction is also increasing; this is creating scope for perlite to be preferred over other aggregates.

Perlite is used as an aggregate in lightweight insulating concrete and plaster in masonry blocks as loose fill insulating material, as a cavity wall in residential homes, and also in specialty applications such as chimney fills, fireproofing sprays, acoustical sprays, and interstitial floors. Expanded perlite aggregate (EPA) is used as a heat & sound insulator since it is a lightweight material that ensures economic benefits in building & construction.

Perlite is a diversified and competitive market with a large number of global players and few regional and local players. Imerys Minerals (UK), Keltech Energies Ltd. (India),Dupré Minerals (England), Amol Minechem (India) are some of the key players in the market.

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Pipeline Monitoring System Market Driver: Sustainable use of resources

The global pipeline monitoring system market size is projected to grow from USD 13.2 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 7.8% from 2021 to 2026. Pipeline monitoring is a single system that detects smaller leaks or damages securely and more reliably while simultaneously monitoring for third-party interference and other external pipeline threats to prevent leaks altogether. Pipeline monitoring system is widely used in end-use industries such as crude & refined petroleum, and water & wastewater, amongst others.

Developing pipeline infrastructure requires a significant initial investment. Oil and gas reserves are depleting due to rising global energy demand. To address this challenge, businesses are developing highly efficient facilities to increase production technologies and lower operational expenses. Oil and gas businesses are now forced to install monitoring systems throughout their infrastructure. Due to the heightened terrorist threats and cyber-attacks on oil and gas infrastructure systems, oil and gas operators around the world have boosted their spending on infrastructure and network monitoring. Multiple attacks against gas facilities and refineries have occurred in Europe and the Middle East.

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Information and communication technologies like as Supervisory Control and Data Acquisition (SCADA), Intelligent Video Surveillance (IVS), Human Machine Interface (HMI), and Programmable Logic Controller are heavily used in modern pipeline facilities (PLCs). These technologies create a digital pipeline infrastructure for oil and gas companies who want to manage and operate their operations remotely. As a result, corporations have increased their investment on network monitoring and are implementing comprehensive monitoring solutions to prevent making systems vulnerable to cyber-attacks and safeguard networks.

North America accounted for the largest market share of about 34.4%, in terms of value in 2020. North America has long been one of the key markets for pipeline monitoring systems. It has been a global leader in product innovation, both in terms of quality and applicability. The growing oil and gas exploration and production activities are driving up demand for pipeline monitoring systems. Because of the rise of pipelines across North American countries such as US, Canada, and Mexico, oil and gas corporations, government bodies, and environmental organisations are working on preventing oil spills, gas leaks, and other mishaps.

Key manufacturers in the pipeline monitoring system market are Siemens AG (US), Honeywell International Inc. (US), Huawei Technologies Co. Ltd. (China), BAE Systems (UK), and TransCanada PipeLines Limited (Canada), amongst others.

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leading Key players in Cladding Systems Market | Opportunities & Challenges

The cladding systems market is projected to grow from USD 234.1 billion in 2021 to USD 306.9 billion by 2026, at a CAGR of 5.6% from 2021 to 2026. Demand for cladding systems market can be attributed to the high growth of construction industry across the globe. Factors such as increasing residential and non-residential construction and infrastructure activities, and its high durability drives the demand for cladding systems.

The cladding systems market has been dominated by large players such as Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland), CSR Limited (Australia), Nichiha Corporation (Japan), Boral Limited (Australia), Cembrit Holding A/S (Denmark), Louisiana Pacific Corporation (US), and Kingspan PLC (UK). These players have adopted various growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.

The strategies of expansions, acquisitions, and new product launches together accounted for the largest share of all the strategic developments that took place in the cladding systems market between 2016 and 2021. Key players such as Compagnie de Saint-Gobain S.A. (France), DowDuPont (US), Tata Steel Limited (India), Arconic (US), Westlake Chemicals (US), Etex Group (Belgium), James Hardie Industries PLC (Ireland) adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the cladding systems market.

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Compagnie de Saint-Gobain S.A. is one of the key industrial groups at a global level. It designs, manufactures, and supplies materials, as well as solutions for transportation, building, infrastructure, and industrial applications. The company operates through its four business segments, namely, building distribution, construction products, innovative materials, and others. Its innovation material segment includes flat glass and high-performance materials. Its construction products segment includes two solutions— interior and exterior solutions. The interior solutions comprise of insulation and gypsum products, whereas the exterior solutions consist of pipes, industrial mortars, and exterior products. The company has a strong foothold across the globe with operations in 67 countries along with eight research centers worldwide.

Arconic focuses on the engineering and production of lightweight metals. It was formed as a result of the spun-off of Alcoa Inc. (US), in November 2016, which separate into two independent public companies. The company has three business segments, namely rolled products, building & construction systems, and extrusions, engineered products and solutions, global rolled products, and transportation and construction solutions. The company’s wide product portfolio serves applications in aerospace, automotive, commercial transportation, building & constructions, industrial solutions, energy as well as in defense and space. It provides aluminum and metal composite panels for exterior cladding. The company has around 2,476 patents, globally (granted as well as pending). It operates in 25 countries altogether and is present in 151 locations, globally. Addition to this, it has sales and administrative offices and distribution centers in 13 locations worldwide.

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APAC is the largest Ceramic Tiles Market, globally

The Asia Pacific is the most attractive market for ceramic tiles due to the rapid socio-economic development in the region. The increasing number of new housing units and huge investments in the infrastructural sector are fueling the demand for ceramic tile materials in this region. The growth of the ceramic tiles market in the APAC region is also driven by increasing demand for ceramic tiles in countries, such as China, India, Thailand, Indonesia, and Vietnam, due to the significant growth in the construction opportunities in these countries.

The increasing population is one of the prime factors for the increase in demand for the ceramic tiles market. Moreover, the population shift from rural to urban areas in the world has elevated the growth rate even further. The total world population is expected to reach 9.5 billion by 2050, where the urban population will account for at least 66.4% of the total, as stated by the United Nations’ Population Division. A positive shift in the living standards will require improved hygiene and sanitation. In recent years, APAC has substantially progressed in the ceramic tiles market, which primarily includes emerging markets, such as India and China. Asian cities are expected to account for 52.3% of the global urban population, creating the largest ever workforce, by 2050.

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In the APAC region, the population shift from rural to urban areas has elevated the growth rate of urban population even further. According to the United Nations Population Division, the total population in APAC is projected to reach 5.1 billion by 2050, where the urban population will account for at least 68% of the total population in APAC. The APAC urban population, combined with the overall growth of the rest of the world’s population, could add another 2.5 billion people to urban areas by 2050, with close to 90% of this increase expected in Asia and Africa. This shift will create demand for housing and other commercial infrastructure in cities to accommodate the increasing population.

The ceramic tiles market is projected to grow from USD 207.7 billion in 2020 to USD 285.1 billion by 2025, at a CAGR of 6.5% during the forecast period. Growth in investments in the construction industry, coupled with a rise in the number of renovation & remodeling activities, further boost the growth of the market for ceramic tiles. The rise in demand from emerging economies and the growth of the organized retail sector create growth opportunities for the market.

Key players operating in the ceramic tiles market include Mohawk Industries (US), Siam Cement Group (Thailand), Grupo Lamosa (Mexico), RAK Ceramics (UAE), Kajaria Ceramics (India), Grupo Cedasa (Brazil), Ceramica Carmelo Fior (Brazil), Pamesa Ceramica (Spain), Grupo Fragnani (Brazil), and STN Ceramica (Spain). These players have adopted various growth strategies to expand their global presence and increase their market share.

Ceramic Tiles Market worth $285.1 billion by 2025

The ceramic tiles market is projected to grow from USD 207.7 billion in 2020 to USD 285.1 billion by 2025, at a CAGR of 6.5% during the forecast period. Growth in investments in the construction industry, coupled with a rise in the number of renovation & remodeling activities, further boost the growth of the market for ceramic tiles. The rise in demand from emerging economies and the growth of the organized retail sector create growth opportunities for the market.

The Porcelain segment is projected to dominate the global ceramic tiles market through 2025

The demand for porcelain tiles in recent years has been increasing due to their superior properties, such as low water absorption, slip resistance, and anti-bacterial properties. These properties make porcelain tiles highly popular for kitchens, bathrooms, and hospitals.

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The flooring segment is projected to grow at the highest CAGR in the ceramic tiles market during the forecast period

Ceramic tiles are an ideal and enduring option as a flooring material because of their strength, water-resistance, low maintenance, reliability, and high durability. They find application in healthcare centers, government offices, and sports institutes, where the expected footfall is high, as well as in residential buildings. Being water-resistant and easy to clean, they are the best solution for the kitchen and bathroom floors.

The Asia Pacific is projected to hold the largest share in the ceramic tiles market during the forecast period

Recent Developments

In August 2020, SCG Cement-Building Materials Company Limited entered into a share purchase agreement to acquire all shares of Oitolabs Technologies Private Limited in India, to support SCG CBM’s digital technology and software development with the aim of delivering values to customers and enhancing growth opportunities.
In June 2020, RAK Ceramics and Azizi Developments entered into an agreement for the supply of floor and wall tiles, and kitchen and bathroom fittings for the MBR City waterfront project in Dubai, the UAE.
In December 2019, Kajaria Ceramics launched Trends 2020, an exquisite range of ceramic tiles, for the southern region in India.

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Perlite Market worth $1.9 billion by 2025

The global perlite market size is expected to grow from USD 1.4 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 6.3% during the forecast period. Perlite is used across applications, such as construction, horticulture & agriculture; industrial is the key end-use industry owing to the wide applications of this perlite.

Browse 173 market data Tables and 43 Figures spread through 175 Pages and in-depth TOC on “Perlite Market by Form (Crude, Expanded), Application (Construction, Horticulture & Agriculture, Industrial), and Region (North America, APAC, Europe, South America, Middle East and Africa) – Global Forecast to 2025”
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The horticulture & agriculture segment is expected to register the highest CAGR in the global perlite market during the forecast period.

Perlite has various beneficial properties of aeration and optimum moisture retention for the superior growth of plants. When perlite is used in the green roofing system, it is considered as the only growing medium for plants on roofs. This has become a popular trend nowadays, as it offers unique sustainability to insulate the roof and also further add foliage to the surface. Other benefits of perlite in agriculture & horticulture are its neutral pH property and as it is sterile and weed-free.The horticulture & agriculture segment is the fastest segment of the global perlite market with a CAGR of 7.0%, in terms of value.

APAC is expected to hold the largest market share in the global perlite market during the forecast period.

Imerys Minerals (UK), Keltech Energies (India), Dupré Minerals (England), Amol Dicalite (India), and other players are the leading perlite manufacturers globally.

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Augmented demand of pipeline monitoring due to increase in pipeline infrastructure

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There has been a significant increase in the pipeline infrastructure due to the rise in demand for oil & gas in most major countries. Pipelines are being laid over different geographies over thousands of miles for the transportation and distribution of oil & gas products. These large networks of pipelines have fueled the demand for the pipeline monitoring system. Pipeline companies are implementing sensors and sophisticated monitoring technologies for detecting leakages in the pipeline infrastructure. Companies are also focusing on implementing physical security solutions such as aerial and ground surveillance and video surveillance to protect pipelines from terrorist attacks and sabotage. This growth in pipeline infrastructure will present a lucrative market for monitoring system vendors in the coming years.

North America region to lead the global pipeline monitoring system market by 2026.

North America accounted for the largest market share of about 34.4%, in terms of value in 2020. North America has traditionally been one of the major markets for pipeline monitoring systems. Globally, it has been a leader with respect to product innovation in terms of quality and applications. The demand for pipeline monitoring systems is increasing due to the growing oil & gas exploration & production activities. Oil & gas companies, government bodies, and environmental agencies are focusing on preventing oil spills, gas leaks, and other disasters due to the increase in pipelines across the North American countries such as the US, Canada, and Mexico.

Recent Developments:

In May 2021, Huawei and SINO-PIPELINE International entered into a strategic cooperation agreement in Shenzhen. SINO-PIPELINE International is expected to offer sophisticated business capabilities and resources, while Huawei is expected to provide leading ICT technology and professional personnel. The ultimate objective of the agreement is to establish a long-term strategic relationship. Together, the businesses are expected to utilize digital transformation to foster collaboration on projects such as intelligent pipeline networks, assisting SINO-PIPELINE International in its goal of becoming a world-class global corporation by 2030.
In March 2021, TC Energy Corporation (TC Energy) and TC PipeLines, LP (TCP) completed the merger pursuant to an agreement and plan of merger dated December 14, 2020. As a result of this merger, TC Energy is expected to acquire all of the outstanding publicly held common units of TCP and become an indirect, wholly-owned subsidiary of TC Energy.

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Increasing population & urbanization is driving the Ceramic Tiles Market

To know about the assumptions considered for the study download the pdf brochure

The Asia Pacific is projected to hold the largest share in the ceramic tiles market during the forecast period

Recent Developments

In August 2020, SCG Cement-Building Materials Company Limited entered into a share purchase agreement to acquire all shares of Oitolabs Technologies Private Limited in India, to support SCG CBM’s digital technology and software development with the aim of delivering values to customers and enhancing growth opportunities.
In June 2020, RAK Ceramics and Azizi Developments entered into an agreement for the supply of floor and wall tiles, and kitchen and bathroom fittings for the MBR City waterfront project in Dubai, the UAE.

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