The report of global Metal Pipe market by Material (Steel Pipes, Ductile Iron Pipes, Copper Pipes, Other Material Pipes), End-User (Oil and Gas, Water & Wastewater, Power Generation, Automotive, HVAC and Electrical, Others), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of 4.5% during a forecast period.
Metal Pipes are a noticeable and essential part of each human being’s everyday life that contains oil & gas, transporting water, sewage & sanitation, etc. It has several benefits compared to other pipes like durability, sustainability, ease of installation, and easy maintenance. The global metal pipe market is driven by the increasing construction of new pipelines, rising installation capacity of power plants, a growing number of infrastructural and power projects, and replacement of old and obsolete pipeline across various industries. However, despite the growing product demand in various industries and the accessibility of substitutes are restraining the market growth at the global level.
Steel pipes segment is expected to grow at the highest XX% CAGR during the forecast period.
In 2019, the steel pipes segment has dominated the metal pipe market and is estimated to grow at a CAGR of XX% during the forecast period. Steel makes up the huge majority of pipe used in oil and gas transportation and particularly production because of its high quality and its pressure and thermal resistance. Steel pipes are also utilized in petrochemical plants and rising demand for petrochemicals in several products like wind turbines, batteries, packaging, medical equipment, and plastics are driving the segment growth in the metal pipes market.
North America dominated the Metal Pipe market in 2019.
In 2019, North America held the XX% share of the Metal Pipe market and is expected to maintain its dominance during the forecast period owing to the high demand for the product from the oil & gas industry in the U.S. and the presence of key players in the region. The U.S and Canada are the main supporters of the territorial market growth. Among these, the U.S accounted for XX% of the market share in 2019 and is foreseen to maintain its leading position in the regional market by the end of 2027. Asia Pacific is expected to grow at the CAGR of XX% during the forecast period thanks to the increased demand for consumable water, which has led to investments in water infrastructure, and oil and gas exploration activities.
Key players operating the global metal pipe market are Tenaris SA, Vallourec SA, TMK Group, Compagnie de Saint-Gobain SA, ArcelorMittal S.A., Nippon Steel, and Sumitomo Metals, United States Steel Corporation, Muller Industries, Inc., Narsk Hydro ASA, Kaiser Aluminum Corporation, Saudi Arabian Amiantit Company, and Northwest Pipe Company.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Metal Pipe Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Metal Pipe Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Metal Pipe Market positioning of competitors.
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