(MENAFN- Market Research Future)
Pune, India, June 2019/MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on the Global Welded Pipes Market. The Global Welded Pipes Market is Expected to Grow at 4.4% CAGR During the Period, 20192024.
Market Highlights
Welded pipes are manufactured by rolling metals and then welding it longitudinally. They are tubular sections, made using different types of steel such as carbon steel, stainless steel, and alloy steel. These pipes and tubes are used mainly to transport substances such as liquids, gases, and powders. The global welded pipes market is expected to witness sustainable growth during the forecast period owing to the growing construction industry and the rising demand from the end-use industries. Welded pipes are used for various industries including water treatment, pharmaceuticals, chemicals, sugar & food processing, and power & energy. Welded pipes are mostly preferred in these industries because of their high electrical conductivity, flexibility, and strength. However, the market growth is hindered by the fluctuating prices of raw materials. The growing oil & gas industry, mainly in the US, creates lucrative opportunities for the global welded pipes market.
Asia-Pacific is expected to witness moderate growth in the global welded pipes market during the forecast period: MRFR
On the basis of region, the global welded pipes market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific dominated the global market, followed by North America, primarily due to the growing demand from end-use industries, mainly in China and India. Moreover, the construction industry in Asia-Pacific is also growing due to the growth in the number of construction projects, which drives the welded pipes market in the region. Moreover, growth of the automotive and power generation industry in Asia-Pacific with the rise in the global population and the accelerating economy, leading to the growth of the welded pipes.
The global welded pipes market is expected to witness 4.4% CAGR during the forecast period and is expected to be valued at USD 180.8 Billion by the end of the forecast period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/welded-pipes-market-7976
The carbon steel segment is set to occupy a large share of the global welded pipes market: MRFR
On the basis of material, the global market has been segmented as carbon steel, stainless steel, and alloy steel. The carbon steel segment is expected to witness high growth during the forecast period. Carbon steel are the prefered materials for welded pipes due to the various advantages associated with it, such as durability, corrosion resistance, cost-effectiveness, and high tensile strength.
The process pipes segment is expected to occupy a large share of the global welded pipes market: MRFR
On the basis of type, the global market has been segmented as process pipes, mechanical tubes, heat exchanger tubes, structural tubes, hydraulic & instrumentation tubes, and others. The process pipes segment is expected to witness high growth during the forecast period. Process pipes are used for processing liquids, chemicals, fuels, gases or other raw materials into a usable product. Growing process industries across the world drive the process pipes segment.
The oil & gas segment is expected to occupy the largest share in the global welded pipes market: MRFR
On the basis of application, the global welded pipes market is segmented as oil & gas, power generation, infrastructure & construction, automotive, mechanical & engineering, and others. The oil & gas segment is expected to witness moderate growth rate during the forecast period. The welded pipes are extensively used in oil & gas in industry for delivering oil or gas from the source to processing plants or storage tanks connected to individual wells in the ground. Moreover, in power generation, welded tubes are used as boiler pipes and tubes, operating at very high pressures and temperatures for long periods of time. High demand from the oil & gas and power generation industry, with the rising global population, leading to the demand for welded pipes.
Key Players
The prominent players in the global welded pipes market are ArcelorMittal (Luxembourg), Associated Tube Group (Canada), EVRAZ plc. (Russia), Tenaris SA (US), WELDED TUBE OF CANADA CORP. (US), Marmon/Keystone Canada Inc. (US), Sandvik AB (Sweden), Benteler International AG (Austria), US Steel Tubular Products (Canada), and Welded Tubes, Inc. (US).
AK Tube LLC (US), Hi-Tech Metal & Tubes (India), Napsteel (Canada), TUBACEX S.A. (Spain), and AMETEK Inc. (US) are some of the other key players operating in the global welded pipes market.
Global Welded Pipes Market, 20172024 (USD Million)
Source: MRFR Analysis
Scope of the Report
This study provides an overview of the global welded pipes market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global welded pipes market by material, type, application, and region.
- By Material
- Carbon Steel
- Stainless Steel
- Alloy Steel
- By Product Type
- Process Pipes
- Mechanical Tubes
- Heat Exchanger Tubes
- Structural Tubes
- Hydraulic & Instrumentation Tubes
- Others
- By Application
- Oil & Gas
- Power Generation
- Infrastructure & Construction
- Automotive
- Mechanical & Engineering
- Others
- By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
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