According to the recent study the metal pipe market is projected to reach an estimated $175 billion by 2030 from $108 billion in 2023 at a CAGR of 7.1% from 2023 to 2030. Growth in this market is primarily driven by increasing construction of new pipelines for oil and gas, water and wastewater, replacement of aging pipelines, and infrastructure development.
Browse 129 figures/charts
and 102 tables in this 195-page report to understand trends, opportunities and
forecast in metal pipe market by end use industry (oil and gas, potable water,
wastewater, power generation, automotive, HVAC and electrical, and others),
material (steel pipes, ductile iron pipes, copper pipes, and other material
pipes), diameter (small diameter pipes (up to 15 inches) and large diameter
pipes (15 inches and above), pressure ratings (0-300 psi, 300-1000 psi, 1000-
3000 psi, and 3000 and above psi pressure pipes), and region (North America,
Europe, Asia Pacific, and the Rest of the World).
“Steel pipes market is expected to remain the largest segment
during the forecast period.”
Based on material, the
metal pipe market is segmented into steel pipes, ductile iron pipes, copper
pipes, and other material pipes. Lucintel forecasts that the steel pipes market
is expected to remain the largest segment due to increasing demand in oil and
gas, power generation and automotive industries.
“Within the metal pipe market, the oil and gas segment is expected
to remain the largest end use industry.”
Based on end use
industry the oil and gas segment is expected to witness the highest growth over
the forecast period due to increase in oil and gas exploration and production
activities.
“North America will dominate the metal pipe market in near future.”
North America is
expected to remain the largest region 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.
Major players of metal
pipe market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Tenaris, Vallourec,
TMK, Saint Gobain, ArcelorMittal, Nippon Steel and Sumitomo Metals, United
States Steel Corporation, Mueller Industries, Kaiser Aluminum, Amiantit, and
Northwest Pipe are among the major metal pipe providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer
solutions for you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times. For further information, visit www.lucintel.com
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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