India Process Piping Market Size, Share, Report 2023-2032
The India process piping market size was estimated at around USD 0.34 billion in 2022 and it is projected to hit around USD 0.62 billion by 2032, growing at a CAGR of 6.13% from 2023 to 2032.
Key Pointers
Report Scope of the India Process Piping Market
| Report Coverage | Details |
| Market Size in 2022 | USD 0.34 billion |
| Revenue Forecast by 2032 | USD 0.62 billion |
| Growth rate from 2023 to 2032 | CAGR of 6.13% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | 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 |
The growth in production and oil & gas exploration activities is one the major factors driving the process piping market’s growth. Discoveries in oil & gas fields require process piping systems to transport extracted hydrocarbon from wells to the processing facilities. In addition, the development of upstream infrastructure, which includes offshore facilities, onshore production facilities, and drilling platforms, necessitates the requirement of a process piping system that enables the transportation of oil, gas, and chemicals to the processing and storage facilities.
As the demand for natural gas is increasing, gas processing facilities and liquefied natural gas plants are being developed in India. The unconventional resources require extensive process piping systems for the transportation and extraction of hydrocarbons from shale formations to processing and distribution facilities. Process piping systems are one the crucial components of these projects, which facilitate the transportation of gases, liquefaction, and storage of liquefied natural gas.
The growth of the chemical industry has a direct impact on the process piping industry. As per the Ministry of Chemicals & Fertilizers, as of 2022, the Indian chemical industry was valued at USD 220 million and is expected to reach USD 300 million by 2025 and USD 1 trillion by 2040.
In the chemical industry, process piping is utilized for the transportation of fluids such as raw materials, intermediaries, and finished chemicals. Process piping plays a vital role in ensuring efficient and reliable transportation of fluids throughout chemical manufacturing processes in the chemical industry, although it requires careful consideration of corrosion resistance, process integration, and compliance with regulations and industry standards.
Product Insights
The steam process piping segment accounted for the largest market share of 33% in 2022. Steam process piping is mainly used in power generation facilities like renewable energy projects and thermal energy power plants, which utilize steam for electricity production. Increasing demand for energy in the country has fueled the investment in power generation infrastructure to increase energy generation capacity. For instance, in May 2023, the Central Electricity Authority (CEA) of India announced investments of USD 319 million for the construction of thermal power plants between 2022 and 2027.
The wastewater piping segment accounted for a significant revenue share in 2022. India ranks second in terms of the population in the world. The growing population and rapid urbanization with the development of residential and commercial buildings prosper the demand for wastewater piping for accommodation and transportation of wastewater, which is expected to fuel the demand for wastewater process piping systems in the coming years.
Crude oil and acid piping segments are also expected to increase steadily over the forecast period as the demand for the energy and chemical industry is growing in the country. The chemical manufacturing sector in India is rapidly expanding as a result of factors such as increased domestic demand, government manufacturing initiatives, and increased exports.
End-use Insights
Based on end-use, the India process piping market is further divided into oil refineries, food and beverage manufacturing, paper mills, power plants, and chemical processing. The chemical processing segment led with 27% of the market share in 2022. The Indian chemical industry is subject to safety and environmental regulations. The American Society of Mechanical Engineers (ASME) and the Occupational Safety and Health Administration (OSHA) have established relevant codes and standards for process piping systems. Compliance with these regulations ensures both the safe operation of chemical plants and the protection of the environment. Growing awareness about safety and environmental regulations for process piping in India is expected to drive the demand for process piping in the chemicals industry in the coming years.
The oil refineries segment accounted for the second-largest market share in 2022. India is one of the fastest-growing economies in the world, with rapidly rising energy demand due to the country's growing population, urbanization, and industrialization. As a result, increased refining capacity is required to meet the rising demand for petroleum products like petrol, diesel, and petrochemicals. Growing demand for oil & gas and stringent regulations for piping in oil refineries is expected to fuel the adoption of process piping in oil refineries over the forecast period.
The food and beverage segment is expected to grow at a significant CAGR owing growing demand for process piping in manufacturing industries. Food and beverage products are protected by process piping systems during transportation and processing; they are designed to reduce flavor transfer, and product contamination, and maintain the desired temperature and pressure conditions. Government agencies such as the Food Safety and Standards Authority of India (FSSAI) regulate the food and beverages industry in India. These regulations address food safety, quality, labeling, and hygiene issues, as well as process piping system requirements.
India Process Piping Market Segmentations:
By Product
By End-use
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers