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Carbon Steel Pipe Fittings Market will Record Rapid Growth, Trend Analysis till 2032 with Russia-Ukraine War Impact | Awaji Materia Co. Ltd., Bassi Luigi and C. S.p.A, Delcorte SAS, Erne Fittings GmbH, M.E.G.A. S.p.A.,
Carbon Steel Pipe Fittings Market Size
The Business Research Company's Carbon Steel Pipe Fittings Global Market Report 2023 identifies increasing construction and infrastructure sectors as the major driver for the carbon steel pipe fittings market's growth in the forecast period. Construction refers to the process of assembling or building physical structures, such as buildings, bridges, roads, and other infrastructure. Infrastructure refers to the fundamental facilities and systems that support a society or organization, including transportation, communication, sewage, water, and electric systems. Carbon steel pipe fittings are widely used in the construction and infrastructure industries for various applications such as plumbing, HVAC (heating, ventilation, and air conditioning) systems, fire protection systems, and structural supports. Carbon steel pipe fittings are preferred due to their high strength, durability, and resistance to corrosion, making them suitable for use in harsh environments and heavy-duty applications.
The global carbon steel pipe fittings market size is expected to grow from $6.56 billion in 2022 to $6.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global carbon steel pipe fittings market size is expected to reach $8.59 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the carbon steel pipe fittings market are Awaji Materia Co. Ltd., Bassi Luigi and C. S.p.A, Delcorte SAS, Erne Fittings GmbH, M.E.G.A. S.p.A., Parker Hannifin CORP, S.S.E. Pipefittings Limited, SBC Bend Co. Ltd., Sungkwang Bend Co. Ltd., Thai Benkan Co. Ltd., Xinfeng Pipe-fittings, Yingkou Ever Foundry Co. Ltd., Shandong Jintong Pipeline Co. Ltd., Zhejiang Jiuli Hi-Tech Metals Co. Ltd., and Jiangsu Wujin Stainless Steel Pipe Group Co. Ltd.
A key trend in the carbon steel pipe fittings market includes Technological advancements. Major companies operating in the carbon steel pipe fittings market are adopting new technologies to strengthen their position in the market. For instance, in March 2023, NIBCO Inc., a US-based provider of flow control solutions, adopted press technology for fuel and gas carbon steel pipe applications to expand its BenchPress G carbon steel fittings line to incorporate and launch 2-inch diameters into its current product lineup. The BenchPress G press technology enables quick and affordable installation of carbon steel piping systems for residential, commercial, and industrial usage. It also provides users with consistent joint integrity and a polished look. It provides a simpler, cleaner, and faster installation process because it doesn't call for threading tools or lubricants.
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The carbon steel pipe fittings market is segmented -
• By Type: Hot-Rolled Steel Pipes, Cold-Rolled (Drawn) Steel Pipes
• By Application: Oil and Gas, Chemicals and Petrochemicals, Construction and Infrastructure, Industrial
• By Distribution Channel: Online, Offline
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the carbon steel pipe fittings market.
The Business Research Company's "Global Carbon Steel Pipe Fittings Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Carbon Steel Pipe Fittings Market Include:
1. Executive Summary
2. Carbon Steel Pipe Fittings Market Characteristics
3. Carbon Steel Pipe Fittings Market Trends And Strategies
4. Carbon Steel Pipe Fittings Market - Macro Economic Scenario
5. Carbon Steel Pipe Fittings Market Size And Growth
…………………
26. Africa Carbon Steel Pipe Fittings Market
27. Carbon Steel Pipe Fittings Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Carbon Steel Pipe Fittings Market
29. Carbon Steel Pipe Fittings Market Future Outlook and Potential Analysis
30. Appendix
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