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Oil and Gas Pipes Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2027
Oil and Gas Pipes Market 2022
Persistence Market Research projects that the global market of oil and gas pipes is projected to reflect a CAGR of 5.1% over the forecast period, 2020-2027. Growing need for transporting oil and gas materials has led to an upsurge in demand for oil and gas pipelines globally. In addition, increasing demand for internal processing of the oil and gas materials is projected to impact global market growth of oil and gas pipes positively.
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Factors Fuelling Growth of the Global Market
• The development of the world market for oil and gas pipelines is largely dependent on numerous macro- and microeconomic factors.
• In order to incorporate elements like sensing, connectivity, and analytical capabilities, manufacturers are rapidly implementing cutting-edge technologies.
• The makers are able to retrieve the information on the transportation activities thanks to cutting-edge technology built into the oil and gas pipe system.
• The makers have also been able to optimise operations and boost dependability thanks to the integration of cutting-edge technology into the oil and gas pipeline.
• The developing technology that retrieves data about piping activities will continue to be advantageous to manufacturers of oil and gas pipes.
Key Companies-
• Tenaris S.A.
• Valourec S.A.
• Mexichem Sab de C.V.
• Metalurgica Gerdau S.A.
• JSW Steel Limited
• JFE Holdings Inc.
• Aliaxis Group S.A.
• China Steel Corporation
• American Cast Iron Pipe Company
• Arcelor Mittal S.A.
• Others.
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Sales of Stainless Steel Materials to Remain High
Increasing demand for comparatively strong and protective materials for construction of pipes has led to an upsurge in demand for the stainless steel significantly.
By material type, the stainless steel segment is projected represent a relatively high revenue growth, accounting for more than US$ 900 Mn by 2022-end. The stainless steel material type segment is projected to reflect a robust CAGR during the forecast period.
On the basis of end users, the offshore activities segment is projected to witness the fastest CAGR, representing more than US$ 600 Mn by 2017-end.
Based on application, the external transportation and distribution segment is projected to witness the fastest growth, recording more than US$ 900 Mn by 2022-end.
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Key Questions Answered in This Report -
Which is the largest regional market for Oil and Gas Pipes?
What are the upcoming trends of Oil and Gas Pipes Market in the world?
What are the key driving factors for the growth of the Oil and Gas Pipes Market?
What are the top players operating in the Oil and Gas Pipes Market?
What are the key regions in the global Oil and Gas Pipes market?
Who are the key players/companies in the global Oil and Gas Pipes market?
Request you to Read More-
Plastic Pipes Market - https://www.persistencemarketresearch.com/market-research/plastic-pipes-market.asp
Plastic Pipes Market is projected to reach ~US$ 51 Bn by the end of the forecast period, registering ~CAGR of 5% by 2029.
Water and Wastewater Pipes Market - https://www.persistencemarketresearch.com/market-research/water-wastewater-pipe-market.asp
The global water and wastewater pipes market is anticipated to witness a growth rate of around 6.5% over the decade (2022-2032)..
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