DUBLIN--(BUSINESS WIRE)--The "Global Stainless Steel Pipe Market 2021-2026" report has been added to ResearchAndMarkets.com's products.
In 2020, the global stainless steel pipe market is valued at 28.98 billion U.S. dollars.
The COVID-19 outbreak has affected the global economy in various industries in many ways, including oil and gas, manufacturing, automotive, and power generation industries. The COVID-19 pandemic has disrupted the supply chain of the steel industry and negatively affected the industry's exploration and production activities. The current COVID-19 pandemic has caused a sudden and sharp drop in global economic activity and steel consumption.
Increasing energy demand, automobile production and construction activities in emerging economies are expected to drive the demand for stainless steel pipes. At the same time, demand has been offset by the economic slowdown in developed regions, which is expected to continue for several years.
In addition, the company's increasing efforts to increase oil and natural gas production in mature oil fields are expected to further drive market growth. In addition, general oil companies and state-owned oil companies have continuously increased their spending on upstream and operating activities, driving the industry's demand for stainless steel pipes, thereby driving market demand.
Manufacturers in the stainless steel pipe market are keen to produce stainless steel welded pipes tailored to specific industries. Top players in the stainless steel welded pipe market have increased their research and development efforts to meet the special needs of these end industries. Such a strategy may help push them to a fiercely competitive base in the near future.
The companies analyzed in the report include
For more information about this report, please visit https://www.researchandmarkets.com/r/crn6s5
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900