Lucintel's latest market report analyzed that steel pipe provides attractive opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sector. The steel pipe market is expected to reach $75.4 billion by 2027 with a CAGR of 3.2%. In this market, carbon steel pipes is the largest segment by material type, whereas oil and gas is largest by end use. Increasing use of premium and technically advanced pipes by using dopeless technology and increasing use of multilayer pipes for strength and durability provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/steel-pipe-market.aspx Based on material type, the steel pipe market is segmented into carbon steel, stainless steel, and others. The carbon steel pipes segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing demand driven by growth in the oil and gas, power generation and automotive industries.
Browse in-depth TOC on “Steel Pipe Market”
102 – Tables
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209 – Pages
The Steel Pipe Market is marked by the presence of several big and small players. Some of the prominent players offering steel pipe include Tenaris, Vallourec, TMK, ArcelorMittal, Nippon Steel, Sumitomo Metals, United States Steel Corporation, Chelpipe, and Tata Steel.
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