October 20, 2021 05:00 ET | Source: Market Research Report Market Research Report
Pune, India, October 20, 2021 (GLOBE NEWSWIRE) - According to MarketStudyReport, the global stainless steel pipe market will be worth 28.98 billion U.S. dollars in 2020, and it is likely to maintain continuous growth throughout the study period. This can be attributed to increasing energy demand, increasing automobile production, and increasing infrastructure development.
The study details current trends and the technologies that play a key role in the growth of this market. It also highlights the growth stimulus, challenges and constraints, and other expansion opportunities that are expected to affect the growth matrix during the period 2021-2026.
The research report also provides a detailed analysis of Porter’s Five Forces, allowing entrepreneurs and investors to measure the competitive landscape in this business field, and further ensure that they improve decision-making and high profitability while starting a new business.
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As we all know, stainless steel pipes and tubes have excellent durability, high pressure and corrosion resistance, and yield strength. Therefore, the rapid industrialization and widespread adoption of this product in various applications such as oil and gas, automobiles, and construction activities are stimulating the prospects of the entire industry.
The surge in R&D investment and subsequent technological breakthroughs are also conducive to the overall market structure. Various manufacturers have been focusing on producing stainless steel welded pipes to provide customized products according to specific needs.
The outbreak of the coronavirus and the final lockdown have severely affected the global economy and various industries such as power generation, automobiles, manufacturing, and the oil and gas industries. Supply chain disruptions and declining demand for steel products are hampering salaries in the global stainless steel pipe industry.
Market segmentation summary
According to the product structure, the market is divided into seamless and welded parts.
The end users of the global stainless steel pipe market include water and wastewater, civil engineering, oil and gas, industry and power, and automobiles.
State the regional outlook
Global operations in this market include the Americas, Asia Pacific and Europe.
Among them, the Asia-Pacific region currently accounts for the largest share of the global stainless steel pipe industry, and may continue to grow throughout the analysis period. Rapid industrialization, improved economic conditions and increasing construction activities are promoting the business scene in the Asia-Pacific region.
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Product structure of the global stainless steel pipe market (revenue, million dollars, 2016-2026)
Global Stainless Steel Pipe Market by End User Range (Revenue, USD Million, 2016-2026)
Global stainless steel pipe market regional forecast (revenue, millions of dollars, 2016-2026)
Global stainless steel pipe market by competition prospects (revenue, USD million, 2016-2026)
3. Stainless steel pipe market: product overview
4. Global stainless steel pipe market: analysis
4.1 Market size, by value, 2016-2026
4.2 2016-2026 market size, divided by volume
4.3 The impact of COVID-19 on the stainless steel pipe market
4.4 Global Stainless Steel Pipe Market: Growth and Forecast
5. Global stainless steel pipe market segmentation, by product type
5.1 Global Stainless Steel Pipe Market: Market Segmentation Analysis
5.2 Stainless steel pipe market competition scenario: by product type (2020 & 2026)
5.3 By welding market size and forecast (2016-2026)
5.4 By Seamless-Market Size and Forecast (2016-2026)
6. Global stainless steel pipe and pipe market segmentation, by end user
6.1 Global Stainless Steel Pipe Market: Market Segment Analysis
6.2 Global stainless steel pipe market competition scenario: by end user (2020 and 2026)
6.3 By Automotive-Market Size and Forecast (2016-2026)
6.4 By Industry and Electricity-Market Size and Forecast (2016-2026)
6.5 By Oil and Gas-Market Size and Forecast (2016-2026)
6.6 By Civil Construction-Market Size and Forecast (2016-2026)
6.7 By Water and Wastewater-Market Size and Forecast (2016-2026)
6.8 Others-Market Size and Forecast (2016-2026)
7. Global Stainless Steel Pipe Market: Regional Analysis
7.1 Global stainless steel pipe market competition scenario: by region (2020 and 2026)
8. American Stainless Steel Pipe Market: Analysis (2016-2026)
8.1 American Stainless Steel Pipe Market by Value: Scale and Forecast (2016-2026)
8.2 American stainless steel pipe market: well-known enterprises
8.3 Market Segmentation by Product Type (Welding, Seamless)
8.4 Market segmentation of end users (automobiles, industry and power, oil and gas, civil construction, water and wastewater, others)
8.5 American Stainless Steel Pipe and Tube Market: Country Analysis
9. European stainless steel pipe market: analysis (2016-2026)
9.1 European Stainless Steel Pipe Market Value: Scale and Forecast (2016-2026)
9.2 European stainless steel pipe market: well-known companies
9.3 Market Segmentation by Product Type (Welding, Seamless)
9.4 Market segmentation of end users (automotive, industrial and electric power, oil and gas, civil engineering, water and wastewater, others)
9.5 European Stainless Steel Pipe and Tube Market: Country Analysis
10. Asia Pacific Stainless Steel Pipe Market: Analysis (2016-2026)
10.1 Asia Pacific Stainless Steel Pipe Market by Value: Scale and Forecast (2016-2026)
10.2 Asia Pacific Stainless Steel Pipe Market: Well-known Companies
10.3 Market Segmentation by Product Type (Welding, Seamless)
10.4 Market segmentation of end users (automobiles, industry and electricity, oil and gas, civil engineering, water and wastewater, others)
10.5 Asia Pacific Stainless Steel Pipe and Tube Market: Country Analysis
11. Global stainless steel pipe market dynamics
11.1 Driving Factors of Global Stainless Steel Pipe Market
11.2 Restrictive Factors of Global Stainless Steel Pipe Market
11.3 Global Stainless Steel Pipe Market Trend
12. Market attractiveness and strategic analysis
12.1 Market Attractiveness Chart of Global Stainless Steel Pipe Market-By Product Type (2026)
12.2 Market Attractiveness Chart of Global Stainless Steel Pipe Market-By End User (2026)
12.3 Market Attractiveness Chart of Global Stainless Steel Pipe Market-By Region (2026)
13.1 Market Share of Global Leading Companies
13.2 Major global stainless steel producers
13.3 SWOT Analysis-Global Stainless Steel Pipe Market
13.4 Porter's Five Forces Analysis-Global Stainless Steel Pipe Market
14. Global stainless steel pipe market: mergers and acquisitions
15. Company profile (business description, financial analysis, business strategy) related reports:
Steel market size, industry analysis report, regional outlook, growth potential, price trend, competitive market share and forecast, 2021-2027
Driven by the rapid development of the automotive and aerospace fields, the global automotive and aerospace application steel market is expected to expand substantially in the next few years. By 2027, the demand for angle steel, section steel and section steel may grow at a compound annual growth rate of 4.5%. By 2027, the value of the brushed part is expected to exceed US$3 billion. Wire drawing is widely used to reinforce tires to increase their strength and durability. They are also widely used in the production of automotive controls. During the same period, the demand for wire rods is expected to grow at a compound annual growth rate of about 5.5%. Since steel has high strength, ductility, ductility, and corrosion resistance, which are required for various automotive parts, it is widely preferred for wire rods. By 2027, the value of the hot-rolled bar segment will exceed US$27.5 billion. At the same time, the adoption of other bars and bars will grow at a compound annual growth rate of 3%.
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