Press release
Global Stainless Steel Pipes and Tubes Market Expected to Witness a Sustainable Growth over 2023
This report studies the Stainless Steel Pipes and Tubes market. The stainless steel pipes and tubes are made of stainless steel round steel, plate (flat plate or coiled plate), hollow long strip steel products processed by special process, steel with open ends and hollow section, and its length and section circumference are relatively large. It includes various shapes such as a circular tube, a square tube, an elliptical tube, and a triangular tube. Because the stainless steel pipe has a hollow section, it has the excellent performance characteristics of stainless steel and low maintenance cost. It is suitable as a conveying pipe for liquids, gases, etc. Stainless steel pipes and tubes are one of the important products in the steel industry and is extremely used widely in the national economy.
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Global Stainless Steel Pipes and Tubes Market: Forecast by Type / Application / Region
At present, global Stainless Steel Pipes and Tubes industry shows a very low concentration. Among the manufacturers, ThyssenKrupp, Tenaris, Pohang Iron & Steel (POSCO), Baosteel and CENTRAVIS are the top five largest manufacturers around the globe and about 7.94% of the total products are produced by these five companies.
In the future, it is estimated that global Stainless Steel Pipes and Tubes will continue rising with a stable growth rate and more and more investors will enter into this industry due to the relatively high profit of production and sales of Stainless Steel Pipes and Tubes. With the expanding production capacity and other uncertain factors, the manufacturers will face the high risk of further price and gross margin decline in the next years.
According to this study, over the next five years the Stainless Steel Pipes and Tubes market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 39200 million by 2024, from US$ 32400 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Stainless Steel Pipes and Tubes business, shared in Chapter 3.
Global Stainless Steel Pipes and Tubes Market: Key Players
ThyssenKrupp
Tenaris
Pohang Iron & Steel (POSCO)
Baosteel
CENTRAVIS
Tubacex
ArcelorMittal
Nippon Steel & Sumitomo Metal (NSSMC)
Outokumpu
Tianjin Pipe (Group) Corporation
Zhejiang JIULI Hi-tech Metals
TISCO
Sandvik
Tata Steel
Butting
Tsingshan
JFE
AK Steel
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Related Information:
United States Stainless Steel Pipes and Tubes Market Research Report 2018
Europe Stainless Steel Pipes and Tubes Market Research Report 2018
North America Stainless Steel Pipes and Tubes Market Research Report 2018
Asia-Pacific Stainless Steel Pipes and Tubes Market Research Report 2018
China Stainless Steel Pipes and Tubes Market Research Report 2018
EMEA Stainless Steel Pipes and Tubes Market Research Report 2018
Global Stainless Steel Pipes and Tubes Market Research Report 2018
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