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San Francisco, October 21, 2021/PRNewswire/ - A new market study released by the Global Industry Analyst Corporation (GIA) is the leading market research company, and today released the title "Oil and Gas Pipelines-Global The market trajectory and analysis "report." This report presents a new perspective on the opportunities and challenges of major changes in the market after COVID-19.
Fact Overview Version: 6; Release Date: April 2021 Executive Pool: 1008 Companies: 47-Players covered include Aliaxis Group SA/NV; American Cast Iron Pipe Company; ArcelorMittal; China Steel Corporation; JFE Holding company; JSW Steel Co., Ltd.; Metalurgica Gerdau SA; Mexichem SAB De CV; Tenaris Corporation; Valourec SA and other companies. Coverage: All major regions and key market segments Segments: applications (external transportation and distribution, internal processes); end use (land activities, marine activities); materials (stainless steel, PVC, HDPE, other materials) World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and other parts of Europe); Asia-Pacific (Australia; India; South Korea; and other parts of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and the rest of Latin America); the Middle East (Iran; Israel; Saudi Arabia; the United Arab Emirates; and the rest of the Middle East); and Africa.
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The global oil and gas pipeline market will reach USD 4.1 billion by 2026. During the COVID-19 crisis, the global oil and gas pipeline market is expected to reach USD 3.3 billion by 2020 and is expected to reach the revised USD 4.1 billion scale by 2026 , Growing at a compound annual growth rate of 3.6% during the analysis period. Stainless steel is one of the market segments analyzed in the report. It is expected that by the end of the analysis period, the compound annual growth rate will reach 4.4%, reaching USD 1.7 billion. After a thorough analysis of the business impact of the pandemic and the economic crisis it triggered, the growth of the PVC sector was readjusted to a revised compound annual growth rate of 3.1% for the next 7 years.
The US market in 2021 is estimated to be US$919.2 million, while China is expected to reach US$845.3 million by 2026. The US oil and gas pipeline market is estimated to be US$919.2 million in 2021. China, the world's second largest economy, is expected to have a market size of USD 845.3 million by 2026, with a compound annual growth rate of 6.6% during the analysis period. Other notable geographic markets include Japan and Canada, which are expected to grow by 1% and 2.7%, respectively, during the analysis period. In Europe, Germany is expected to grow at a compound annual growth rate of approximately 1.8%.
The HDPE segment will reach US$1.1 billion by 2026. In the global HDPE segment, the United States, Canada, Japan, China and Europe will drive a 3% compound annual growth rate in this segment. The total market size of these regional markets in 2020 is US$694.1 million, and by the end of the analysis period, the size is expected to reach US$850.8 million. China will remain one of the fastest growing countries in this regional market cluster. more
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About Global Industry Analysts, Inc. and StrategyR™ Global Industry Analysts, Inc. (www.strategyr.com) is a well-known market research publisher and the only influence-driven market research company in the world. GIA proudly serves more than 42,000 customers from 36 countries/regions. For more than 33 years, GIA has been known for accurately predicting markets and industries.
Contact: Zak Ali Director, Global Industry Analyst, Corporate Communications Company Phone: 1-408-528-9966 www.StrategyR.com Email: [Email protected]
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Source: Global Industry Analysts, Inc.
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