According to a new market report published by Lucintel,
the future of the global steel pipe market looks promising with opportunities in oil and gas, water and wastewater, power
generation, automotive, and other industrial sector. The global steel pipe market
is expected to reach an estimated $68.4 billion by 2024 with a CAGR of 1.6%
from 2019 to 2024. The major drivers for this market are increasing
construction of new pipelines, replacement of aging pipelines, urbanization
rate, and infrastructure development.
In this
market, carbon steel and stainless steel are used for pipe
manufacturing for various end use industries. On the basis of comprehensive
research, Lucintel forecasts that carbon steel pipe is expected to remain the
largest segment over the forecast period due to increasing demand for carbon
steel pipes due to growth in oil and gas, power generation and automotive
industries. Lucintel projects that by material, stainless steel pipe will witness
the highest growth during the forecast period because stainless steel offers high
tensile strength, pressure resistance, and corrosion resistance.
Within the global steel pipe market, oil and
gas will remain the largest end use segment during the forecast period due to rising
oil and gas exploration, which also leads to more pipes needed for production,
transportation, and distribution infrastructure of oil and gas.
North America will 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 the increasing use of premium and
technically advanced pipe by using dopeless technology and increasing use of
multilayer pipes for strength and durability. Tenaris, Vallourec, TMK, ArcelorMittal, Nippon Steel
and Sumitomo Metals, United States Steel Corporation, Chelpipe, Tata Steel are
among the major suppliers of steel pipes.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global steel pipe market by end use, product, material,
diameter, pressure rating, and region, and has compiled a comprehensive research
report entitled “Growth Opportunities in the
Global Steel Pipe Market 2019-2024.” 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 steel pipe
market by product, end use, material,
diameter, pressure ratings, and region, as follows:
By End Use [Value ($Billion) and Volume
(Kilotons) from 2013 to 2024]:
· Oil and Gas
· Automotive
· Potable Water
· Wastewater
· Power
Generation
· Others
By Product [Value ($Billion) from 2013 to 2024]:
- Seamless Pipe
- Welded Pipe
By Material [Value
($ Billion) from 2013 to 2024]:
· Carbon Steel
Pipe
· Stainless
Steel Pipe
· Others
By Diameter [Value
($ Billion) from 2013 to 2024]:
·
Small Diameter Pipes
·
Large Diameter Pipes
By Pressure
Rating [Value ($ Billion) from 2013 to 2024]:
·
0-300 psi
·
>300-1000 psi
·
>1000-3000 psi
· 3000 and
Above psi
By Region
[Value ($ Billion) and Volume (Kilotons) from 2013 to 2024]:
· North America
· Europe
· APAC
· ROW
This
209-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 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 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? 
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