The Iron And Steel Pipe And Tube by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Iron And Steel Pipe And Tube, The iron and steel pipe and tube market size has grown steadily in recent years. It will grow from $200.15 billion in 2023 to $207.95 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to infrastructure development projects, industrialization and economic growth, oil and gas exploration, government investments, urbanization and construction boom.
The iron and steel pipe and tube market size is expected to see steady growth in the next few years. It will grow to $236.52 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to renewable energy projects, upgrades in water and wastewater systems, green building initiatives, global trade dynamics, infrastructure resilience projects. Major trends in the forecast period include technological advancements, rising demand in construction, focus on sustainable practices, advancements in coating technologie, technological innovations in material composition.
Increasing oil and gas production is expected to propel the growth of the iron and steel pipes and tubes market going forward. Oil and gas sectors include the business segment dedicated to hydrocarbon exploration, data collection, development, drilling, production, gathering, refining, distribution, and transportation. Iron and steel pipes and tubes are used in the oil and gas industry to transport oil, gas, and other liquids safely, as they are incredibly strong and can endure extreme temperatures without any danger of failure or cracking. For instance, in March 2023, according to the Energy Information Administration (EIA), a US-based government organization, oil and gas production increased from 99.4 million barrels per day (b/d) in 2022 to 100.9 million b/d in 2023. Therefore, the increasing oil and gas production is driving the iron and steel pipes and tubes market.
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The iron and steel pipe and tube market covered in this report is segmented –
1) By Type: Seamless Pipes And Tubes, Welded Pipes And Tubes
2) By Material: Steel And Alloys, Cooper And Alloys, Aluminum And Magnesium Alloys, Nickel And Alloys, Other Materials
3) By End-Users: Oil And Gas, Power Generation, Automotive, Aviation, Construction, Process Industry, Other End Users
Top Major Players:
B&G Foods Holdings Corp.
Capricorn Food Products India Ltd.
Greenyard NV
J.R. Simplot Company
Uren Food Group Limited
North America was the largest region in the IQF vegetable market in 2023.
Technological advancement is the key trend gaining popularity in the iron and steel pipes and tubes market. Major companies operating in the iron and steel pipes and tubes market are focused on developing innovative products to strengthen their position in the market. For instance, in February 2021, Hypertherm Inc., a US-based manufacturer of cutting equipment and accessories, launched a software called Rotary Tube Pro 3, a tube and pipe cutting software for machines with a rotary axis. It involves cutting along a common line and enables operators to separate two or more parts that provide greater material utilization and better consumable life.
The iron and steel pipe and tube market report table of contents includes:
1. Executive Summary
2. Iron And Steel Pipe And Tube Market Characteristics
3. Iron And Steel Pipe And Tube Market Trends And Strategies
4. Iron And Steel Pipe And Tube Market – Macro Economic Scenario
5. Global Iron And Steel Pipe And Tube Market Size and Growth
….…
31. Global Iron And Steel Pipe And Tube Market Competitive Benchmarking
32. Global Iron And Steel Pipe And Tube Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Iron And Steel Pipe And Tube Market
34.Iron And Steel Pipe And Tube Market Future Outlook and Potential Analysis
35. Appendix
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