The global steel pipe market is projected to reach $68.6 billion by 2025, at a CAGR of 1.4% during 2020-2025. The growth of steel pipe market is driven by increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the steel pipe market by end use
(oil and gas, automotive, potable water, wastewater, power generation, and
others), product (seamless pipe and welded pipe), material (carbon steel, stainless
steel, and others), diameter (small diameter pipes (up to 15 inches) and large
diameter pipes (15 inches and above), pressure rating (0-300 psi, >300-1000
psi, >1000- 3000 psi, and 3000 and above psi) and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the steel pipe market?
Q.4 What are some
changing demands of customers in the steel pipe market?
Q.5 What are the new
developments in the steel pipe market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this steel pipe area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this steel pipe market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include increasing use of
premium and technically advanced pipe by using dopeless technology and
increasing use of multilayer pipes for strength and durability.
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Market Segmentation:
Based on material, the steel
pipe market is segmented into carbon steel, stainless steel, and others. The carbon
steel pipe segment is accounted for the largest share of the market in 2020 due
to increasing demand for carbon steel pipes due to growth in oil and gas, power
generation and automotive industries and stainless steel pipe is expected to register the highest CAGR during
the forecast period because stainless steel offers high tensile strength,
pressure resistance, and corrosion resistance.
North America is expected
to be the largest region over the forecast period due to increase in oil and
gas exploration activities. APAC is expected to witness the highest growth over
the forecast period due to increasing infrastructure development, urbanization
and government economic stimulus measures in this region.
Key Players in the Steel
pipe market are Tenaris, Vallourec, TMK, ArcelorMittal, Nippon Steel and
Sumitomo Metals, United States Steel Corporation, Chelpipe, Tata Steel and
others.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/steel-pipe-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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