Global Steel Pipes Market
By Technology (welded steel pipes, ERW Steel Pipes, Galvanized Steel Pipes) By Application
(water pipes, steel casing pipes, structural steel pipes, Industrial steel
pipes, steel scaffolding pipes, oil & Gas pipes) By Material (Alloy steel,
Black Steel, carbon steel, Iron steel, Mild steel, stainless Steel) and Region
- Global Forecast to 2024
Steel
pipes are used for transportation of fluid such as water, oil and gas. The
application of steel pipes varies with their capacity or internal diameter.
Steel pipes are also used in construction of buildings in order to carry water
and gas. Further, steel pipes offer a number of advantages over other materials
including ability to carry flammable gas, high durability and show better
results in fire sprinkler system. Moreover, steel pipes are highly resistant to
water corrosion which makes it more acceptable in pipe fittings.
Market Size & Forecast
Global
steel pipes market is expected to grow at a compound annual growth rate of 3.6%
during the forecast period 2017-2024. Further, the global market is anticipated
to reach 79.9 Million metric tons by the end of forecast period. Growing
construction activities across the world and development of oil & gas
industries are some major factors which are projected to foster the growth of global market of steel pipes.
Moreover,
high strength and durability of steel pipes are one of the key reasons which
are likely to fuel the growth of market. On the basis of regional platform,
global steel pipes market is segmented into five major regions including North
America, Europe, Asia Pacific, Latin America and Middle East & Africa
region.
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Further,
Asia Pacific region is the largest market of steel pipes. High construction
activities and developing oil & gas industries are some of the major
factors which are expected to allow Asia Pacific to continue its dominance
during the forecast period. Moreover, China alone stood at around 30% share in
revenue of global market in 2016 and is anticipated to dominate the Asia
Pacific steel pipe market during the forecast period.
North
America is the second leading market in steel pipes and is expected to witness
satisfactory growth during the forecast period. Factors such as presence of
large number of oil and gas industries and growing use of steel pipes in fire
sprinkler system are envisioned to foster the growth of North America steel
pipes market over the forecast period.
Additionally,
Europe region is also projected to grow at an acceptable pace during the
forecast period. This growth in Europe region can be attributed to growing
demand for steel pipes in end use industries in this region.
Market Segmentation
Our-in
depth analysis of the global steel pipes market includes the following segments:
By
Technology
Welded
Steel Pipes
ERW Steel
Pipes
Galvanized
Steel Pipes
By
Material
Alloy
Steel
Black
Steel
Carbon
Steel
Iron Steel
Mild Steel
Stainless
Steel
By
Application
Water
Pipes
Steel
Casing Pipes
Sewage
Pipes
Structural
Steel Pipes
Industrial
Steel Pipes
Steel
scaffolding Pipes
Oil &
Gas Pipes
By Shape
& Size
Hollow
Pipes
Rectangular
Pipes
Round
Pipes
Square
Pipes
By Type
Line
Standard
Structural
Steel Pole
Steel
Fencing
Steel
Handrails
Steel
Exhaust Pipes
Steel
Columns
By Region
Global
steel pipes market is further classified on the basis of region as follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
Middle
East and Africa (GCC, North Africa, South Africa, Rest of Middle East and
Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Global
steel pipes market is primarily driven by factors such as growing construction
activities and development of oil & gas industries across the world. Steel
pipes have high strength and high thermal resistant. Such features of steel
pipes make them more suitable to use in areas like water pipes, oil & gas
pipes and sewage pipes. Further, growing adoption rate of steel pipes in
different areas is likely to drive the growth of global market.
Moreover,
steel pipes are used in fire sprinkler system due to their ability to operate
in high temperature zone. This rise in demand for steel pipes in fire sprinkler
system installation is expected to drive the market in near future.
Additionally, use of structural steels in pole, fencing, handrails exhaust
pipes and for oil & gas are also driving the demand for steel pipes
globally.
Furthermore,
rapid urbanization and development of new industries is also a major factor anticipated
to foster the growth of global steel pipes market. The oil & gas industries
are projected to capture maximum market share during the forecast period.
Moreover, growing oil & gas industries are likely to drive the growth of
global steel pipes market in near future.
However,
growth of steel pipes market is predicted to decelerate during the forecast
period. Adoption rate of steel pipes is decreasing due to their high cost and
rising prevalence of alternative products such as plastic pipes due to their
low cost and light weight. Moreover, low penetration rate of steel pipes
in areas except oil & gas industries is expected to hamper the growth of global steel pipes market in near future.
Key
Players
ArcelorMittal
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
Nippon
Steel & Sumitomo Metal Corporation
Hebei Iron
& Steel Group
Baosteel
Wuhan Iron
& Steel Group
Posco
Jiangsu
Shagang
Tata Steel
Group
Hyundai
Steel Company
JFE Steel
Corporation
Scope
& Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
steel pipes market is segmented as follows:
By
Technology Market Size & Y-O-Y Growth Analysis
By
Material Market Size & Y-O-Y Growth Analysis
By
Application Market Size & Y-O-Y Growth Analysis
By Shape
& Size Market Size & Y-O-Y Growth Analysis
By Type
Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
To know more about this research,
kindly visit: http://www.researchnester.com/reports/steel-pipes-market-global-historical-growth-2012-2016-future-outlook-2017-2024-demand-analysis-opportunity-evaluation/493
For Table
of Content & Free Sample Report Contact:
Name:- Ajay Daniel
Email: ajay.daniel@researchnester.com
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646 586 9123
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