Lucintel's latest market report analyzed that metal pipe provides attractive opportunities in oil and gas, power generation, automotive, and industrial sector. The metal pipe market is expected to reach $99.3 billion by 2025 with a CAGR of 1.3%. In this market, steel pipe is the largest segment by material, whereas oil and gas is largest by end use industry. The increasing use of premium and technically advanced pipe and development of multilayer pipe for strength and durability provides strategic growth path in this market.
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Based on material, the
metal pipe market is segmented into steel pipes, ductile iron pipes, copper
pipes, and other material pipes. The steel pipes segment is accounted for the
largest share of the market in 2020 and is expected to register the highest CAGR during the forecast
period due to increasing demand in oil and gas, power generation and automotive
industries.
Browse in-depth TOC on “Metal
Pipe Market”
112 – Tables
161 – Figures
240 – Pages
The metal pipe market is
marked by the presence of several big and small players. Some of the prominent
players offering metal pipe include Tenaris, Vallourec, TMK, Saint Gobain,
ArcelorMittal, Nippon Steel and Sumitomo Metals, United States Steel
Corporation, Muller Industries, Kaiser Aluminum, Amiantit, and Northwest Pipe
and others.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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