Steel Pipe Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2021 – 2030

Future Market Insights (FMI)’s upcoming research study on the global Steel Pipe market lays bare undercurrents and opportunities for key market stakeholders. The report provides in-depth insights on the Steel Pipe market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Steel Pipe market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the industrial automation & equipment industry. The Steel Pipe market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Steel Pipe market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Steel Pipe market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

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Steel Pipe Market: Segmentation

To analyze the Steel Pipe market effectively and efficiently, the information has been segregated into key segments and sub-segments.

Based on the material type, the global steel pipe market is segmented as:

Carbon Steel Alloy Steel Stainless Steel Tool Steel
Based on the application, the global steel pipe market is segmented as:

Automotive industry Construction and mining Textile Machinery Chemicals Pharmaceuticals Energy industries Refinery Petrochemicals Oil and Gas Processing Water treatment facilities
Global Steel Pipe Market: Drivers

As the oil and gas industry is growing rapidly, the demand for steel pipes is also increasing. Features such as reliability and durability are some of the prominent factors driving the global demand for steel pipes. Steel pipes have a wide range of usability, they are used in the automotive, mining and construction industries, which drives the manufacturing steel pipe industry. The available range of steel pipes becomes one of the reasons surpassing the demand of residential and non-residential sector of steel pipes. The replacement of ageing pipelines also increases the global demand of steel pipes.

Global Steel Pipe Market: Restraints

Substitutes such as iron and plastic pipes, which create diversions for the manufacturer towards other material pipes, are estimated to restrain the market growth. The corrosive behaviour of carbon steel pipes is one of the restraining factors, and the high cost of stainless steel also hinders the growth of the global steel pipe market.

Steel Pipe Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Steel Pipe market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Steel Pipe market report.

Key players covered in the report include:

Arcelor Mittal American Cast Iron Pipe Company Baosteel Group corporation Evraz Plcevraz plc Anhui Tianda Oil Pipe Company Limited Hyundai Steel Company JFE Holdings Corporation Zekelman Industries Arabian Pipes Company
Crucial Questions Answered in the Report

Which end-use industry remains the top consumer of Steel Pipe in different regional markets? At what rate has the global Steel Pipe market been expanding during the forecast period? How will the global Steel Pipe market look like by the end of the forecast period? What innovative technologies are the Steel Pipe market players adopting to stay ahead of the pack? What are the restraints affecting the growth of the global Steel Pipe market?
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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period. Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Steel Pipe market

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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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This release was published on openPR.