According to a recent market study published by Growth Market Reports (GMR), titled, “ME Spiral Welded Pipes Market by Type, Application, End-use and Country: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at US$ 6,355 Million in 2019 and is expected to grow at a healthy growth rate of 5.1% by the year 2027. The ME spiral welded pipes market is anticipated to grow owing to growing applications of spiral welded pipe, increasing adoption of transmission pipeline as a mode of transportation, rising number of desalination plants in the Middle East countries.
Request a free sample copy: https://growthmarketreports.com/request-sample/22
The ME spiral welded pipes market is fragmented on the basis of type, application, end-use and country. In terms of type, the market is divided into ERW pipes, LSAW pipes, and SSAW pipes. Based on application, the market is segmented by crude oil transmission, natural gas transmission, refined products transmission, and water transmission. In terms of end-use, the market is segmented into oil & gas industry, wastewater treatment industry, construction & infrastructure industry, and other industries. Based on countries, the market is fragmented as Saudi Arabia, Egypt, the UAE, and Rest of Middle East.
In year 2020, the ME spiral welded pipes market is witnessing downtrend owing to the negative impact of COVID 19 pandemic. The COVID-19 pandemic has had a rapid and serious impact on the global supply of spiral pipes and its manufacturing. Leading manufacturer and exporter of raw materials in the market are facing several issues such as decrease in supply of raw materials, export of goods due to the lack of transportation. Slowdown in the production of spiral welded pipes and its raw materials has given rise to the supply chain disruption in the spiral welded pipes/steel pipes industry. Many countries have closed their national borders and have enforced lock downs since January 2020, which in turn, is hindering the market growth which in turn, is hindering the market growth. The pandemic has hampered the manufacturing sector and economies globally. There is no clarity on the deeper effects has been assessed to date.
As per GMR industry analyst Rajat Verma, “The ME spiral welded pipes market is anticipated to witness significant growth during forecast period 2020-2027 owing to increasing use of spiral welded pipes as transmission pipelines for transferring fuels, petroleum, chemicals, natural gas, refined products, and several other substances from manufacturing/production units to customers. Rising demand for spiral welded pipes in several different industrial sectors including agriculture, petrochemical, construction & infrastructure, petrochemical, electric power, and oil & gas is increasing need for manufacturing spiral welded pipes, which is expected to propel the market growth during the forecast period. The ERW segment, water transmission segment, and oil and gas industry segment are the most attractive segments in the market and are expected to grow at a significant CAGR during the forecast period.
For More Information: https://growthmarketreports.com/enquiry-before-buying/22
Buy Full Report at https://growthmarketreports.com/press-release/me-spiral-welded-pipes-market
Report Metric |
Details |
Market Value in 2019 |
US$ 6,355.4 Million |
Market Growth Rate (from 2020 to 2027) |
5.1 % |
Historical Data |
2017 & 2018 |
Base Year |
2019 |
Forecast Period |
2020 – 2027 |
Units Considered |
Value (US$ Million) and Volume (Million Tons) |
Market Segments |
By Type, By Application, By End-use |
Regional Scope |
Middle East (MEA |
Country Scope |
Saudi Arabia, Iran, UAE, and Rest of the Middle East |
Key Companies Profiled |
ArcelorMittal, VALLOUREC , JFE Holdings, Inc., Welspun Corp Ltd., National Pipe Company Limited, Jindal SAW Ltd., SeAH Steel, APC, Al Jazeera Steel Products Co. SAOG, PAO TMK, Tenaris, EEW GROUP. |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements. |
Request a free sample copy: https://growthmarketreports.com/request-sample/22
About Us:
Our reports are more than just research reports to us. They are tools that enable us to maintain long-term relationships with our clients whom we honor and cherish. Our client’s business growth is integral for not only them but also us. This is what differentiates us from other market research companies.
At GMR, we provide our expertise and guideline for success. Our team of efficient and experienced researchers and consultants provide progressive market intelligence reports that are accurate, authentic, and in-depth. This empowers the clients to make well-informed decisions.
Moreover, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries including chemicals and materials, energy, automobile, healthcare, consumer goods, and technology. Our deep understanding of many business environments across industries such as those mentioned above allows us to deliver tailor-made reports.