Press release
The Global Metal Pipe Market is projected to reach a value from USD 90.24 Bn in 2022 to USD 123.98 Bn by 2029, exhibiting a steady CAGR of 4.05 percent during the forecast period 2021-2029.
Metal Pipe Market
The Metal Pipe Market report provides a comprehensive analysis of the market, covering the past and current status of the industry. It presents the forecasted market size and trends in simple language, enabling stakeholders to understand the market dynamics. The report includes a dedicated study of key players, market leaders, followers, and new entrants, offering insights into competitive analysis.
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The report employs rigorous research methodology, including PORTER and PESTEL analysis, to assess the market's potential impact of micro-economic factors. External and internal factors affecting the market positively or negatively are analyzed to provide decision-makers with a clear futuristic view of the Metal Pipe Market.
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What are Metal Pipe Market Dynamics:
The major driving force behind the Metal Pipe Market's growth is the increasing demand from the oil & gas industry. Steel pipes and tubes find extensive use in the transportation of gas and liquid in this sector. Factors like inner diameter, ductility, yield strength, and pressure rating play crucial roles in selecting appropriate pipes for specific applications. The United States witnesses significant usage of steel pipes in its oil & gas industry, and the market is expected to grow steadily over the forecast period due to changes in the oil & gas industry.
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The market faced a setback in 2021 due to the first wave of the COVID-19 pandemic. The pandemic led to a 10.6 percent drop in the global steel pipes business, resulting in a consumption decline of 7.3 Mn tonnes. Lockdowns, curfews, supply chain disruptions, and labor shortages negatively impacted the market. Additionally, the oil & gas industry witnessed a crisis with plunging oil prices, affecting the demand for steel pipes. While demand is gradually returning to normal with the easing of pandemic restrictions, the short-term outlook remains restrained due to the low capital spending from oil producers.
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Metal Pipe Market Regional Insights:
The report provides insights into regional trends and market dynamics. The oil & gas segment dominated the Metal Pipe Market in 2021, accounting for approximately 52 percent of global revenue. Additionally, the chemicals & petrochemicals segment is expected to grow at a CAGR of 5.01 percent in terms of volume from 2021 to 2029. The construction industry's growth in rapidly industrializing and urbanizing regions, such as China, India, and the United States, is expected to drive product demand.
What is Metal Pipe Market Segmentation:
By End Use Industry:
• Oil and Gas
• Potable Water
• Wastewater
• Power Generation
• Automotive
• HVAC and Electrical
• Others
By Material:
• Steel Pipes
• Ductile Iron Pipes
• Copper Pipes
• Other Material Pipes
By Diameter:
• Small Diameter Pipes
• Large Diameter Pipes
By Pressure Ratings:
• Less than 300 psi Pressure Pipes
• 300-1000 psi Pressure Pipes
• 1000-3000 psi Pressure Pipes
• More than 3000 psi Pressure Pipes
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Who are Metal Pipe Market Key Players:
• ArcelorMIttal S.A.
• Compagnie de Saint-Gobain SA
• Kaiser Aluminum Corporation
• Northwest Pipe Company
• Saudi Arabian Amiantit Company
• Muller Industries, Inc.
• Narsk Hydro ASA
• Nippon Steel and Sumitomo Metals
• TMK Group
• Tenaris SA
• Hebei Iron & Steel Group
• Baosteel
• Wuhan Iron & Steel Group
• Vallourec
• United States Steel Corporation
• Amiantit
• Others
Table of content for the Metal Pipe Market includes:
1. Global Metal Pipe: Research Methodology
2. Global Metal Pipe Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Metal Pipe Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Metal Pipe Market Segmentation
• Global Market, by End Use Industry (2022-2029)
• Global Market, by Material (2022-2029)
• Global Market, by Diameter (2022-2029)
• Global Market, by Pressure Ratings (2022-2029)
5. Regional Metal Pipe Market (2022-2029)
• Regional Market, by End Use Industry (2022-2029)
• Regional Market, by Material (2022-2029)
• Regional Market, by Diameter (2022-2029)
• Regional Market, by Pressure Ratings (2022-2029)
• Regional Market, by Country (2022-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by End Use Industry, Material, Diamete and Pressure Ratings
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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