The Global Metal Pipe Market Report
Global metal pipe market has been expected that it is going to reach an estimated $97.7 billion by the year 2023 with the CAGR of about 3.9% from the year 2018 to the year 2023. When it comes to the Global metal pipe market, do look very promising with the opportunities in the oil as well as gas, power the generation, industrial sector and automotive. Major drivers for the market have been increasing construction of the aging pipelines and infrastructure development. Researcher gets to forecast that steel pipe has been expected to remain largest segment and is going to witness the highest growth over the forecast period as a result of the increasing demand in terms of the oil and gas, the power generation as well as the automotive industries.
Within global metal pipe market, gas and oil are going to remain the end use industry during the forecast period as a result of the increase in gas and oil exploration and the production activities. North America has been expected that it is going to remain the largest region as a result of the increase in terms of the oil and gas exploration activities. The APAC has been expected to witness the highest growth over the forecast period as a result of the increase in infrastructure development, government economic stimulus, urbanization measures in the region.
The emerging trends have a very direct impact on dynamics of metal pipe industry including the increasing use of the premium and the technically advanced pipe as well as the development of the multilayer pipe for the durability and strength. Some of metal pipe companies profiled in the report do include Northwest Pipe, Tenaris, Vallourec, Saint Gobain, TMK, Nippon Steel and Sumitomo Metals, ArcelorMittal, United States Steel Corporation, Kaiser Aluminum, Muller Industries, and others.
This report analyses steel Tubular Piling market by size, by design, and by the application type. Global steel tubular piling market has been expected that it is going to grow as a result of the rapid urbanization in the emerging economies, the development of the larger projects in the construction sectors along with the improvement and the expansion of the industries. This growth is going to be driven by the growing urbanization as well as the major initiatives that are taken by the governments in the developing nations for the development of the construction sector. The leading pipe piles makers have been developing a more reliable and long lasting product that can bear more stress as well as load and also have a very hard tensile strength.