Product ID: SQSG15O2004
Global Steel Pipes And Tubes Market Size, Share, Growth Analysis, By Technology(Seamless, ERW), By Application(Oil & gas, Chemicals), By Material(Alloy Steel, Black Steel), By Type(Line, Standard) - Industry Forecast 2024-2031
Report ID:
SQSG15O2004 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
125 |
Figures:
77
Global Steel Pipes And Tubes Market Regional Insights
Asia‑Pacific region held the highest share in the Global Steel Pipes and Tubes Market in 2021 and is expected to maintain its dominance during the forecast period. Additionally, Asia Pacific steel pipes and tubes market is expected to grow at the fastest CAGR during the forecast period. This can be attributed rising product consumption in the region. Due to the region's extensive manufacturing, petroleum, and petrochemical industries, China, Japan, South Korea, Southeast Asia, and India are the main product consumers.
North America held the second largest market share in 2021 and is expected to witness steady growth during the forecast period. This can be attributed to the robust growth of the U.S. economy and high business confidence brought about by the government-led fiscal stimulus, the demand for steel pipes increased. This caused the region's manufacturing activity to soar and oil and gas production to surge. The market is growing as a result of the pipeline network expansion, an increase in energy and infrastructure projects, rising demand for steel tubes in the automotive industry, and increased capacity for power plant installation.
Global Steel Pipes And Tubes Market Report Snapshots
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