Market Research Future published a research report on “Metal Pipes Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023.
Market Highlights:
The global metal pipes market continues to benefit from the growth of sub-markets. Metal pipes have a huge market as they find a host of industrial application. According to the data released by Market Research Future (MRFR), the Metal Pipes Market is set to demonstrate 4% CAGR from 2018 to 2023. The market is projected to touch a valuation of USD 70 Bn by the end of the forecast period.
The global Metal Pipes Market has witnessed a surge in the growth rates in the past few years. This is attributed to its sustainability, durability, ease of installation, and the ability to withstand high temperature and climate conditions. The installation of stainless steel and ductile pipes is highly cost-effective and has a long-term cost advantage because of its properties, which reduce the overall maintenance costs. These properties along with other advantages make such pipes a fit for applications in water & wastewater, chemical and oil and gas industries. Furthermore, the recyclability is another major factor that induces the demand for these pipes. After use, such pipes can be recycled into other metal pieces used in various industries.
Metal has become the material of choice for industries, such as water & wastewater, power, and oil & gas. The market for metal pipes has, therefore seen a growth in last few years. Similar growth is expected to be seen during the forecast period.
Key Players
Some of the players include ArcelorMIttal S.A. (Luxembourg), Compagnie de Saint-Gobain SA (France), Kaiser Aluminum Corporation (US), Northwest Pipe Company (US), Saudi Arabian Amiantit Company (Saudi Arabia), Muller Industries, Inc. (US), Narsk Hydro ASA (US), Nippon Steel and Sumitomo Metals (Japan), TMK Group (Russia), and Tenaris SA (Luxembourg).
Segments:
This study provides an overview of the global metal pipes market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Metal Pipes market by material, by diameter by end-use, and by region.
By Material
- Steel
- Ductile Iron
- Copper
- Others
By Diameter
- Up to 15 inches
- Above 15 inches
By End-use
- Oil & gas
- Water & wastewater
- Power
- HVAC & electrical
- Others
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
Market Research Analysis:
North America is expected to exhibit the maximum growth rate in the global metal pipes market.
Geographically, the global metal pipes market has been segmented into four major regions, which are North America, Europe, Asia-Pacific, and the rest of the world (RoW). North America held the largest market share in 2017 and is expected to witness similar growth over the forecast period. This is attributed to the need for better infrastructure for safe water to meet the increasing demand for clean water by various industries. In North America, the US is projected to be the largest consumer of metal pipes and thus, held the largest market share, in terms of both, value and volume in North America. The country has witnessed an increase in the number of pipeline projects for the replacement of the pipelines to improve the water infrastructure.
However, Asia-Pacific is anticipated to witness the highest growth rate over the forecast period, owing to the urbanization, which, in turn, is expected to create more demand for potable water. This coupled with the growing oil & gas exploration activities and technological advancements in the material side of the market has led to a significant market size in the metal pipes market. Furthermore, there are various government initiatives and measures that are being taken for upgrading and developing water infrastructure in both, rural and urban areas. This is expected to boost the demand for metal pipes in countries, such as China and India.
Important Features that are under offering & key highlights of the report:
- Detailed overview of Metal Pipes market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Metal Pipes market
- Strategies of key players
- Potential and niche segments/regions exhibiting promising growth
- Market players information to sustain and enhance their footprint
*If you need anything more than these then let us know and we will prepare the report according to your requirement.
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
