Mining Pipe Industry Analysis in East Asia
Study on Mining Pipes in East Asia by Steel, Fiberglass Reinforced Plastic, and High-Density Polyethylene for Underground, Open Surface, Placer, and In-situ Mining from 2023 to 2033
Analysis of Mining Pipe Industry Covering Countries Including Analysis of China, Japan, and South Korea
Mining Pipe Sales Outlook for East Asia (2023 to 2033)
Mining pipes sales in East Asia have reached US$ 1.48 billion in 2023, according to a Fact.MR research report. The regional market is projected to expand at 7.2% CAGR and reach a value of US$ 2.97 billion by 2033-end. Increased demand for natural resources, metals, and minerals, owing to rapidly expanding economies in the region, is projected to push up the demand for mining pipes in the region.
Mining pipes are used for multiple applications, including sewage systems, materials transport, and water supply. In addition, robust economic growth in some regional countries, including South Korea, China, Japan, etc. is forecasted to lead to a rising number of industrial and construction projects.
East Asia is also well-known due to its infrastructure development projects, including energy facilities, urbanization, and transportation networks. Mining pipes play a significant role in these projects for multiple applications. Moreover, several countries in the region are concentrating on sustainability and environmental protection, which is boosting demand for specialized mining pipes to minimize environmental impacts caused because of mining operations.
| Report Attributes | Details |
|---|---|
| Mining Pipe Sales in East Asia (2023E) | US$ 1.48 Billion |
| Projected Sales (2033F) | US$ 2.97 Billion |
| Demand Growth (2023 to 2033) | 7.2% CAGR |
| Sales in South Korea (2033F) | US$ 4.1 Million |
| Sales of 500 to 1,000 mm Mining Pipes (2033F) | US$ 2.05 Billion |
| Revenue Share of High-Density Polyethylene Mining Pipes (2023E) | >70% |
| Sales of 100 to 200 Psi Mining Pipes (2023E) | US$ 871.1 Million |
| Key Companies Profiled |
|
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Which Determinates are Contributing to Growing Demand for Mining Pipes in East Asia?
“Increased Construction and Industrial Activities across the Region”
Robust economic growth in countries from East Asia, including South Korea, Japan, China, etc. is predicted to exert a profound influence on multiple aspects of the economy, including construction and industrial activities. An array of resources, including water as well as raw materials are required for the production process in industries.
Mining pipes play an integral part in the water supply to industrial facilities while ensuring consistent and reliable sources for numerous manufacturing processes, waste management, and cooling systems. Population growth and urbanization in regional countries are estimated to put pressure on water resources to match growing requirements for clean water and mining pipes are pivotal in the development as well as maintenance of different water supply resources.
Mining pipes are also used to transport numerous materials pivotal for industrial and construction processes. They are deployed to transfer minerals, raw materials, and similar other resources required in industrial processes. Therefore, the adoption of some advanced technologies and materials in mining pipes increases safety, efficiency, and reliability.
Country-wise Insights
Why is China a Key Market for Mining Pipe Manufacturers in the Region?
“Growing Consumption of Natural Resources and Rapid Infrastructure Development and Urbanization”
| Attribute | China |
|---|---|
| Market Value (2023E) | US$ 1.47 Billion |
| Growth Rate (2023 to 2033) | 7.2% CAGR |
| Projected Value (2033F) | US$ 2.96 Billion |
China is one of the most significant regional consumers of numerous natural resources, including minerals, metals, and coals. Therefore, the mining sector heavily relies on these pipes to transport numerous resources. In addition, the country is experiencing rapid infrastructure development and urbanization over the years. Therefore, the extraction and transportation of numerous materials, including metals, cement, etc., is increasing, which is predicted to boost demand for mining pipes.
Will Japan be a Lucrative Market for Suppliers of Mining Pipes?
“Growing Use of Mining Pipes in Resource Imports”
| Attribute | Japan |
|---|---|
| Market Value (2023E) | US$ 4.2 Million |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
| Projected Value (2033F) | US$ 7 Million |
Japan is highly dependent on the import of raw materials, including fossil fuels, minerals, and metals. Although Japan does not have extensive operations in domestic mining, different industries in the country still need transportation facilities for these resources. Therefore, an increase in the demand for mining pipes is experienced to support the import as well as distribution of multiple materials.
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Category-wise Insights
Which Type of Mining Pipes are Becoming Popular in East Asia?
“High Popularity of High-Density Polyethylene Mining Pipes Due to Their Durability and Corrosion Resistance”
| Attribute | High-Density Polyethylene Mining Pipes |
|---|---|
| Segment Value (2023E) | US$ 1.05 Billion |
| Growth Rate (2023 to 2033) | 8.4% CAGR |
| Projected Value (2033F) | US$ 2.36 Billion |
High-density polyethylene (HDPE) mining pipes are well-known for their excellent resistance to corrosion and durability. In the mining sector, the presence of some harsh and abrasive materials can generate a critical situation to withstand corrosion. HDPE pipes are capable of handling the requirements of mining operations without any degradation over time thus making them a more reliable choice.
Why is Product Use Increasing in Open Surface Mining?
“Mining Pipes Allow Smooth Functioning of Open Surface Mining”
| Attribute | Open Surface Mining |
|---|---|
| Segment Value (2023E) | US$ 1.34 Billion |
| Growth Rate (2023 to 2033) | 7.4% CAGR |
| Projected Value (2033F) | US$ 2.75 Billion |
Open-pit mines are comparatively more susceptible to flooding, particularly in water-rich environments and heavy rainfall areas. Dewatering is crucial for efficient and safe mining operations. Therefore, mining pipes are widely used to transport and pump water out of pits at economical prices.
Mining pipes are deployed for the transportation of materials, including overburden (waste material), ores, etc. within the mines. With the growing size of open-pit mining, the demand for different types of mining pipes increases to handle the transportation of materials.
Competition Landscape
Prominent manufacturers of mining pipes are investing to strengthen their supply chain management systems, product development, ensuring quality control of products, etc. to gain a competitive edge.
Key market players operating in the East Asia region are JFE Steel Corporation, Nippon Steel Corporation, Kubota Corporation, Sumitomo Corporation, Showa Denko K. K., Asahi Kasei Corporation, Nitto Denko Corporation, Toray Industries, Inc., Hyosung Corporation, Sekisui Chemical Co., Ltd., LG Chem, POSCO, and Hyundai Steel Company.
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Competitive landscape highlights only certain players
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Segmentation of Mining Pipe Study in East Asia
-
By Material :
- Steel
- Stainless Steel
- Carbon Steel
- Alloy Steel
- Fiberglass-reinforced Plastic
- Carbon Fiber-reinforced Plastic
- Aramid-reinforced Plastic
- High-Density Polyethylene
- Steel
-
By Pressure :
- Below 100 Psi
- 100 to 200 Psi
- Above 200 Psi
-
By Pipe Size :
- Below 100 mm
- 100 to 500 mm
- 501 to 1,000 mm
- Above 1,000 mm
-
By Mining Type :
- Underground Mining
- Open Surface Mining
- Placer Mining
- In-situ Mining
-
By Application :
- Dust Suppression
- Heap Leaching
- Pit Dewatering
- Water Transportation
- Process Slurry
- Solution Mining
- Processing Water
- Mine Dewatering
- Tailing Transportation
- Others
-
By Country :
- China
- Japan
- South Korea
- FAQs -
What is the sales valuation of mining pipes in East Asia?
Sales of mining pipes in East Asia are estimated at US$ 1.48 billion in 2023.
What are the demand projections for mining pipes by 2033-end?
Revenue from the sales of mining pipes is projected to reach US$ 2.97 billion by the end of 2033.
At what CAGR are the sales of mining pipes projected to expand in East Asia?
Sales of mining pipes in East Asia are forecasted to advance at 7.2% CAGR from 2023 to 2033.
What is the predicted growth rate for the market in South Korea?
The South Korean market is projected to increase at a CAGR of 3.9% from 2023 to 2033.
What is the sales value of 500 to 1,000 mm mining pipes?
Sales of 500 to 1,000 mm mining pipes are pegged at US$ 903.1 million in 2023.
Mining Pipe Industry Analysis in East Asia