Steel Pipes and Tubes Market Size, Key Player Revenue, SWOT, PEST & Porter’s Analysis For 2021–2027
The global Steel
Pipes and Tubes market is forecast to reach USD 278.84 Billion
by 2027, according to a new report by Reports and Data. The market is
witnessing a surge in demand owing to the rising demand from the oil and gas
industry. New and upcoming oil and natural gas projects are also leading to an
increase in the demand for the steel pipes and tubes market.
Wind turbines, batteries, medical
equipment, plastics, detergents, packaging, and tires, require petrochemical
for their operation, and rising demand for these products is leading to a rise
in the demand for Steel Pipes and Tubes because these are used in petrochemical
plants. The increase in industrial production is also propelling the demand for
the market because seamless steel tubes are used extensively in the
construction of machinery and equipment.
Even though there is a rising demand
from various industries, market growth can get hampered due to the availability
of substitutes. These substitutes include plastic pipes made of UPVC, HDPE,
Polypropylene, and Polyethylene as these materials lightweight, corrosion-resistant
and have higher strength. Thus, these are preferably used in low and medium
pressure areas.
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Key Players Profiled in the Report are:
VALLOUREC, Essar Steel, Hyundai Steel, Steel
Authority of India Limited, Rama Steel Tubes Limited, Jindal Steel & Power
Ltd., Tata Steel, Nippon Steel Corporation, United States Steel, and Arcelor
Mittal, among others.
The report offers a segmentation
analysis of the market to impart a better understanding of the market. The
report segments the Steel Pipes and Tubes market on the basis of product types
offered in the market, application spectrum, end-user industries, technologies,
and key geographical regions of the market. The report also offers insights
into the segment expected to show lucrative growth in the projected timeline.
For
the purpose of this report, Reports and Data have segmented into the global
Steel Pipes and Tubes market on the basis of product, application, distribution
channel, and region:
Product
Outlook (Revenue, USD Billion; 2017-2027)
- Submerged
Arc Welded Steel Pipes and Tubes
- Electric
Resistance Welded Steel Pipes and Tubes
- Seamless
Steel Pipes and Tubes
Application
Outlook (Revenue, USD Billion; 2017-2027)
- Chemicals
and Petrochemicals
- Oil &
Gas
- Construction
- Automotive
and Transportation
- Engineering
- Power Plants
- Others
Distribution
Channel Outlook (Revenue, USD Billion; 2017-2027)
- Offline
Stores
- Online
Stores (E Commerce)
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Regional Segmentation Covers:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of
EU)
· Asia Pacific (India, Japan, China, South
Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest
of Latin America)
· Middle East & Africa (Saudi Arabia,
U.A.E., South Africa, Rest of MEA)
The report provides extensive coverage
of the competitive landscape of the Steel Pipes and Tubes market with company
profiles, product portfolio, revenue generation, financial standing, market
reach, and global position. The report also sheds light on mergers and
acquisitions, joint ventures, collaborations, partnerships, and agreements,
among others, to offer a better understanding of the market. The report also
includes a thorough SWOT analysis and Porter’s Five Forces analysis.
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/steel-pipes-and-tubes-market
To summarize, the Global Steel Pipes
and Tubes Market report is a dependable and authentic source for attaining
crucial information and market insights to advance and boost your business
significantly. The report studies all crucial aspects, such as present and
future economic scenarios, beneficial opportunities, limitations, drivers and
constraints, market growth rate, and risks.
Thank you for reading our report. To
know more about the report and its customization, please get in touch with us.
Our team will ensure you get the report tailored as per your requirements.
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