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Steel Pipe Market Trends and Forecast
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 $109.9 billion by 2030, and it is forecast to grow at a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.
Emerging Trends in the Steel Pipe Market
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of premium and technically advanced pipes by using dopeless technology and increasing use of multilayer pipes for strength and durability.
A total of 129 figures / charts and 102 tables are provided in this 209-page report to help in your business decisions. A sample figure with some insights is shown below.
Steel Pipe Market by Segment
In this market, oil and gas is the largest application segment, whereas welded pipes are the largest product type segment. Growth in various segments of the steel pipe market is shown below.
The study includes trends and forecast for the global steel pipe market by product type, end use, material, diameter, pressure ratings, and region, as follows:
List of Steel Pipe Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steel pipe companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steel pipe companies profiled in this report include-
Steel Pipe Market Insights
Features of the Steel Pipe Market
FAQ
Q1. What is the steel pipe market size?
Answer: The global steel pipe market is expected to reach an estimated $109.9 billion by 2030.
Q2. What is the growth forecast for steel pipe market?
Answer: The steel pipe market is expected to grow at a CAGR of 2.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the steel pipe market?
Answer: The major drivers for this market are increasing construction of new pipelines, replacement of aging pipelines, urbanization rate, and infrastructure development.
Q4. What are the major applications or end use industries for steel pipe?
Answer: Oil and Gas, Automotive, Potable Water, Wastewater, and Power Generation are the major end use industries for steel pipes.
Q5. What are the emerging trends in steel pipe market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of premium and technically advanced pipe by using dopeless technology and increasing use of multilayer pipes for strength and durability.
Q6. Who are the key steel pipe companies?
Answer: Some of the key steel pipe companies are as follows:
Q7.Which will be the largest steel pipe application or end use industry segment in the future?
Answer: Lucintel forecasts that 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.
Q8: In steel pipe market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region, and Asia Pacific is expected to witness the highest growth over the next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.