Global Welded Pipes Market

Global Welded Pipes Market Size, Share, Growth Analysis, By Metal Type(Carbon Steel, Alloy Steel and Stainless Steel), By Welding(Spiral Seam Welding and Straight Seam Welding), By Product(Process Pipes, Heat Exchange Tubes) - Industry Forecast 2024-2031

Report ID: SQMIG20C2090 | Region: Global | Published Date: April, 2024
Pages: 199 | Tables: 89 | Figures: 71

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Global Welded Pipes Market size was valued at USD 240.5 billion in 2022, USD 253.1 billion in 2023 and is projected to grow USD 360.9 billion by 2031, growing at a CAGR of 5.20% in the forecast period (2024-2031).

Due to the abundance of competitors, the market for welded pipes is very competitive. A few participants are concentrating on specialising in a certain market segment for customers. Throughout the entire chain, the market has strong relationships with a strong emphasis on innovations. Manufacturers are striving for strategic partnerships with local distributors and end users in order to meet the needs of a growing clientele. It is difficult for new competitors to enter this market because of brand awareness and strong marketing. Companies hope to obtain a competitive advantage through these advancements. 'Arcelormittal (US)', 'Evraz Plc (Russia)', 'Napsteel (US)', 'Sandvik AB (Europe)', 'US Steel Tubular Products (US)', 'Associated Pipeline Contractors Inc (US)', 'Foshan Zhongde Stainless Steel Co. Ltd (Russia)', 'Benteler International AG (Europe)', 'Samuel Associated Tube Group (Europe)', 'Marmon Keystone Canada, Inc (US)', 'Sosta GmbH & Co. KG (Germany)', 'Hyundai Steel Co., Ltd (South Korea)', 'FROCH ENTERPRISE CO., LTD. (Taiwan)', 'F.E.R. Fischer Edelstahlrohre GmbH (Germany)', 'YC Inox (Taiwan)'

One of the causes is the growth of economic activity in developing nations. Construction, oil and gas, and manufacturing are some of the industries that are seeing strong growth in nations like South Africa, Brazil, China, and India. The need for welded pipes for applications including pipelines, structural components, and machinery fabrication is growing as major economies continue to engage in infrastructure development and industrialization.

Materials That Are Strong and Resistant to Corrosion: The global market for welded pipes is showing a discernible trend towards higher demand for pipes constructed of corrosion-resistant materials and high-strength alloys. The need for pipes that can survive tough environments and demanding applications is driving the adoption of innovative materials in the fabrication of welded pipes, particularly in the oil and gas, construction, and automotive industries

This market will be dominated by Asia Pacific. The need for additional structures resulting from corporate center overcrowding has led to an increase in the development of commercial buildings, including offices and complexes. The early adoption of several cutting-edge waste management technologies and a solid base of wealthy business owners providing a range of goods. The second-largest market share for welded pipes is held by North America, where increased real estate spending by building companies has led to significant growth in the construction industry. In addition, the United States holds the largest market share for welded pipes, while Canada has the fastest-growing welded pipe market in the North American region.

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Global Welded Pipes Market

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