Metal Pipe Market to reach USD 129 Bn at a CAGR of 4.05 percent over the forecast period

May 15
21:28 2024
Metal Pipe Market to reach USD 129 Bn at a CAGR of 4.05 percent over the forecast period
Metal Pipe Market
Metal Pipe Market is segmented based on Material, Diameter, Pressure Ratings, End-User Industry and Region. A bottom-up approach was used to estimate the Metal Pipe Market size. The growing demand from the oil & gas industry boost the metal Pipe Market growth.

Maximize Market Research, a global market research firm has published competitive intelligence and market research report on the “Metal Pipe Market”. The Metal Pipe Market size was valued at USD 97.70 Billion in 2023. The total Metal Pipe Market revenue is expected to grow at a CAGR of 4.05 percent from 2024 to 2030, reaching USD 129 Billion during the forecast period.

Market Size in 2023– USD 97.70 Bn

Market Size in 2030– USD 129 Bn

CAGR– 4.05 percent (2024-2030)

Forecast Period -2024-2030

Base Year-2023

Number of Page -265

No. of Tables– 123

No. of Charts and Figures-112

Segment Covered– Material, Diameter, Pressure Ratings, End-User Industry and Region

Regional Scope-North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage-Market Share, Size & Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Metal Pipe Market Scope and Research Methodology

The report includes a detailed analysis of the Metal Pipe Market. The competitive analysis in the report includes a company overview, financial performance, product portfolio, and strategies of the key players in the Metal Pipe industry. Key insights provided in the report are the major drivers of the Market, the challenges faced by the market participants, and growth prospects in the Market across the world. The Metal Pipe Market report covers a detailed analysis of the investments of market players to increase their global presence in the industry, which makes it an investor’s guide.

The segments covered in the report are Material, Diameter, Pressure Ratings, End-User Industry and Region. Primary and Secondary research method was used to collect data for the Metal Pipe market report. Primary research was conducted to validate the findings from the secondary research method. The Metal Pipe size was estimated by using a bottom-up approach.

Metal Pipe Market Overview

The increase in oil & gas production is thanks to demand from the transportation industry. Supplements are formulated with minerals, caffeine, amino acids, and many of herbal extracts. Oil and Gas Industry Affected seamless pipes are commonly used in the oil and gas industry for applications such as drilling, production, transportation, and refining. Their superior strength, durability, and resistance to harsh operating conditions make them ideal for handling high-pressure and corrosive fluids.

Metal Pipe Market Dynamics

Increased Oil and gas industries are boosting the demand for Metal Pipe Market. In that steel pipes is most demanded in the Metal Pipe market. stainless-steel has higher resistance to corrosion, superior aesthetic finish and higher life span. These features helps in increasing the productivity of stainless -steel across the world. High recyclability, resistance to corrosion and low maintenance properties has made stainless steel a preferred metal for application in diverse sectors railway, metro project, process industries, nuclear, airport, transportation, and oil gas industries. The Metal Pipe market offers a wide range of products catering to various preferences and needs. Manufacturers continuously introduce new formulations with various metals to enhance their properties, and delivery formats to attract consumers. This variety and innovation contribute to market growth by appealing to different consumer segments.

Asia Pacific region to witness Metal Pipe market growth over the forecast period

Asia Pacific region held the largest Metal Pipe Market share percent in 2023 and is expected to dominate the market over the forecast period. In the Material Type segment, Stainless-steel significantly demanding in the Asia Pacific and other regions market. Further, China, India and Iran were the only countries among the top 10 steel producing countries in the world which registered growth in production during January-April 2023.

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Metal Pipe Market Segmentation

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

By End Use Industry      

  • Oil and Gas
  • Potable Water
  • Wastewater
  • Power Generation
  • Automotive
  • HVAC and Electrical
  • Others

Metal Pipe Market Key Players include:

North America Metal Pipe Market key players:

  • Nucor Corporation
  • Tenaris
  • TMK Group
  • Vallourec
  • Wheatland Tube

Europe Metal Pipe Market key players:

  • Tata Steel Europe
  • Salzgitter AG
  • Vallourec
  • ArcelorMittal Europe
  • Sandvik Group
  • Tenaris
  • Norsk Hydro
  • voestalpine Group
  • Outokumpu
  • SSAB

Asia Pacific Metal Pipe Market key players:

  • Nippon Steel Corporation
  • JFE Holdings, Inc
  • POSCO (Pohang Iron and Steel Company)
  • China Baowu Steel Group Corporation Limited
  • Tata Steel Limited

Middle East & Africa Metal Pipe Market key players:

  • National Pipe Company (NPC)
  • Arabian Pipes Company
  • Conares
  • Beshay Steel
  • Huludao City Steel Pipe Industrial – China (Operates in the Middle East & Africa)
  • Attieh Steel Ltd.
  • Al Khaleej Steel Industries
  • Gulf Tubing Company (GTC)
  • Arabian Pipes Manufacturing Company
  • United Steel Industrial Company (UNISTEEL)

South America Metal Pipe Market key players:

  • Tenaris S.A. ( operations in South America, including Argentina, Brazil, Colombia, and Mexico)
  • Gerdau S.A.
  • Vallourec S.A. (with operations in Brazil)
  • Techint Group (with significant presence in South America, including Argentina and Brazil)

Key questions answered in the Metal Pipe Market are:

  • What is Metal Pipe Market?
  • What was the Metal Pipe market size in 2023?
  • What is the expected Metal Pipe market size by 2030?
  • What is the growth rate of the Metal Pipe Market?
  • Which are the factors expected to drive the Metal Pipe market growth?
  • Which segment dominated the Metal Pipe market growth?
  • What is the demand pattern for the Metal Pipe market?
  • Which region held the largest share in the Metal Pipe market?
  • Who are the key players in the Metal Pipe market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Material, Diameter, Pressure Ratings, End-User Industry and Region
  • 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:

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