Market Research Future Insights
According to MRFR analysis, the global Metal Pipes market is expected to register a CAGR of 5.1% from 2022 to 2030 and hold a value of over USD 59 Billion by 2030.
The expansion of the metal pipes market is due to the construction of new pipelines for oil and gas, water, and wastewater, and the replacement of existing pipelines and infrastructure development. The need for the transport of oil and gas in many regions is boosting the market growth. However, the outbreak of coronavirus has led to a shortage in transport and unavailability of raw materials, which has caused drastic changes in the market’s growth.
Regional Analysis
The Asia Pacific region is leading the way in the Metal Pipes Market due to countries like China, Japan, India, and South Korea. The major manufacturing companies are concentrating on meeting the demand of the Asia Pacific region because of the presence of the petroleum and petrochemical sector manufacturing companies. The North American region is following close behind due to countries like the US. The high activity of manufacturing companies that are concentrated in the oil and gas industries is one of the main reasons for this growth.
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Market Segmentation
The global Metal Pipes market has been segmented into product, technology, and application.
Based on product, the market has been segmented into Steel pipes, Ductile iron pipes, and Copper pipes. The steel pipes segment is growing in the metal pipes market due to the increased demand for steel pipes from various industries such as oil and gas, construction, and others.
Based on technology, the market has been segmented into Seamless, ERW, and SAW. The SAW segment is growing in the metal pipes market. The SAW segment is also growing in the metal pipes market. This growth can be attributed to the rising demand for SAW pipes from various end-use industries such as oil & gas, water & wastewater, and construction. SAW pipes are widely used in these industries due to their superior strength and durability. Additionally, SAW pipes offer a cost-effective solution for large-diameter pipe applications.
Based on application, the market has been segmented into Oil and gas, Chemicals and petrochemicals, Automotive and transportation, Mechanical engineering, Power plant, Construction, Water and wastewater transport, HVAC, and electrical. The oil and gas segment is the largest in the metal pipes market. The oil and gas segment is the largest in the metal pipes market due to the increased demand for oil and gas pipes from various industries.
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Key Players
Some of the key market players are 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).
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