Steel Pipe Market is expected to reach $68.6 Billion by 2025- An exclusive market research report by Lucintel

November 25 18:00 2021
Steel Pipe Market is expected to reach $68.6 Billion by 2025- An exclusive market research report by Lucintel
Trends and Forecast for the Global Steel Pipe Market
Trends, opportunities and forecast in steel pipe market to 2025 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 ROW)

Lucintel’s latest market report analyzed that steel pipe provides attractive opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sector. The steel pipe market is expected to reach $68.6 billion by 2025 with a CAGR of 1.4%. In this market, carbon 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 by using dopeless technology and increasing use of multilayer pipes for strength and durability provides strategic growth path in this market.

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Based on material, the steel pipe market is segmented into carbon steel, stainless steel, and others. The carbon steel pipe segment is accounted for the largest share of the market in 2020 due to increasing demand for carbon steel pipes due to growth in oil and gas, power generation and automotive industries and stainless steel pipe is expected to register the highest CAGR during the forecast period because stainless steel offers high tensile strength, pressure resistance, and corrosion resistance.

Browse in-depth TOC on “Steel Pipe Market”

100 – Tables

216 – Figures

209 – Pages

The steel pipe market is marked by the presence of several big and small players. Some of the prominent players offering steel pipe include Tenaris, Vallourec, TMK, ArcelorMittal, Nippon Steel and Sumitomo Metals, United States Steel Corporation, Chelpipe, Tata Steel and others.

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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 click on this link [email protected].

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