Opportunities for the global metal pipe market to reach $97.7 billion by 2023

According to a new market report published by Lucintel, the future of the global metal pipe market looks promising with opportunities in oil and gas, power generation, automotive, and industrial sector. The global metal pipe market is expected to reach an estimated $97.7 billion by 2023 with a CAGR of 3.9% from 2018 to 2023. The major drivers for this market are increasing construction of new pipelines for oil and gas, water and wastewater, replacement of aging pipelines, and infrastructure development.

In this market, steel, ductile iron, copper, and other materials are used for pipe manufacturing.  On the basis of comprehensive research, Lucintel forecasts that the steel pipe is expected to remain the largest segment and witness highest growth over the forecast period due to increasing demand in oil and gas, power generation and automotive industries.

Within the global metal pipe market, oil and gas will remain the largest end use industry during the forecast period due to increase in oil and gas exploration and production activities.

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.

Emerging trends which have a direct impact on the dynamics of the industry include Increasing use of premium and technically advanced pipe and development of multilayer pipe for strength and durability. Tenaris, Vallourec, TMK, Saint Gobain, ArcelorMittal, Nippon Steel and Sumitomo Metals, United States Steel Corporation,  Muller Industries, Kaiser Aluminum,  Amiantit, and Northwest Pipe are among the major suppliers of metal pipes.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global metal pipe market by end use industry, material, diameter, pressure, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Metal Pipe Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global metal pipe market by end use industry, material, diameter, pressure, and region, as follows:

By End Use Industry [Value ($M) from 2012 to 2023]:

·      Oil and Gas

·      Potable Water

·      Wastewater

·      Power Generation

·      Automotive

·      HVAC and Electrical

·      Others                                   

By Material [Value ($ Million) and Volume (Thousand Tons) from 2012 to 2023]:  

           

·      Steel Pipes

·      Ductile Iron Pipes

·      Copper Pipes

·      Other Material Pipes

By Diameter [Value ($ Million) from 2012 to 2023]:

·      Small Diameter Pipes

·      Large Diameter Pipes

By Pressure Ratings [Value ($ Million) from 2012 to 2023]:

·      Less than 300 psi Pressure Pipes

·      300-1000 psi Pressure Pipes

·      1000-3000 psi Pressure Pipes

·      More than 3000 psi Pressure Pipes

By Region [Value ($ Million) from 2012 to 2023]:

·      North America

−     US

−     Canada

−     Mexico

·      Europe

−     United Kingdom

−     Germany

·      APAC

−     China

−     Japan

−     India

·      ROW

−     Brazil

−     Middle East

This 240-page 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 helpdesk@lucintel.com. Lucintel offerings include Construction Market Report, Construction Reports, Market Research Report, Capital Investment Feasibility and SWOT Analysis. 

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer 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.

This report addresses the following key questions:

Q. 1. What are some of the most promising, high growth opportunities for the global 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)?

Q. 2. Which products segments will grow at a faster pace and why?

Q. 3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market and which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are being initiated by key companies for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q. 11. What M&A activity has occurred in the last 5 years?