Global Metal Pipe market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 4.5% from 2020 to 2027, reaching US$ XX Bn.
Global Metal Pipe Market
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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. These pipes are made from steel, ductile iron, copper, etc., and have certain rigidity but they stay stable at extreme temperatures and are not affected by cold and heat. This makes them an incomparable alternative for transmission water, synthetic compounds, and oil. 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.
Based on the material, the metal pipes market has segmented into steel pipes, ductile iron pipes, copper pipes, and other material pipes. The steel pipes segment has led the metal pipe market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. 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.
Geographically, the Metal Pipe market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. 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. owns XX.X% of the global oil & gas pipeline projects in pre-construction and construction stages, which is fueling the market growth during the forecast period. 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.
The objective of the report is to present a comprehensive analysis of the Global Metal Pipe Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Metal Pipe Market dynamics, structure by analyzing the market segments and project the Global Metal Pipe Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Metal Pipe Market make the report investor’s guide.
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Global Metal Pipe Market, by Material:
• Steel Pipes
• Ductile Iron Pipes
• Copper Pipes
• Other Material Pipes
Global Metal Pipe Market, by End User:
• Oil and Gas
• Water & Wastewater
• Power Generation
• Automotive
• HVAC and Electrical
• Others
Global Metal Pipe Market, by Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Metal Pipe Market, Major Players:
• 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
• Northwest Pipe Company
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