Global Metal Pipe Market Set to Reach USD 123.98 Billion by 2029, Fueled by Demand from Oil & Gas Industry

12.09.2023 : Metal Pipe Market Report Scope and Research Methodology

The global metal pipe market is poised for significant growth, driven primarily by the surging demand from the oil & gas industry. Steel pipes and tubes, widely used in oil & gas operations, are integral in the transportation of gas and liquid. Key factors in choosing pipes include inner diameter, ductility, yield strength, and pressure rating. The market is expected to witness steady growth, particularly in the United States, owing to shifts in the country's oil & gas industry.

The Indian iron and steel pipe market, valued at approximately Rs. 60,000 crore, constitutes about 8% of the global steel pipe market. With increasing demand from water infrastructure, oil exploration, construction, and gas pipeline projects, India's production and consumption have surged. The industry has seen significant modernization and capacity expansion to meet global standards.

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What are Metal Pipe Market Dynamics?

Latest Pipe Support Trends and Innovations:

Advances in Composite Pipe Supports: Manufacturers are employing composite materials to create non-metallic supports that prevent galvanic corrosion and surface abrasion, ensuring longer pipe lifespan.

Renewed Focus on Corrosion Resistance: New technologies are being used to mitigate corrosion issues. Specialized coatings, linings, and sealants are being applied to reduce friction and wear.

Controlling Movement: Innovative pipe restrictions, like VibraTek Hold Down Clamps, allow controlled movement to prevent damage and fractures, dispersing stress evenly.

Protective Coatings: Chemical-resistant finishes and waterproof coatings are being utilized to shield pipes from corrosive elements.

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What is Metal Pipe Market Segmentation?

Oil & Gas Segment: Dominated the market in 2022, accounting for nearly 52% of global revenue. Steel pipes find extensive applications in this sector, including OCTG, transportation, and process pipes.

Chemicals & Petrochemicals Segment: Expected to grow at a CAGR of 5.01% from 2022 to 2029. Steel pipes are increasingly utilized in petrochemical plants for process refining due to their high corrosion and oxidation resistance.

by End Use Industry

Oil and Gas
Potable Water
Wastewater
Power Generation
Automotive
HVAC and Electrical
Others

by Material

Steel Pipes
Ductile Iron Pipes
Copper Pipes
Other Material Pipes

by Diameter

Small Diameter Pipes
Large Diameter Pipes

by Pressure Ratings

Less than 300 psi Pressure Pipes
300-1000 psi Pressure Pipes
1000-3000 psi Pressure Pipes
More than 3000 psi Pressure Pipes

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Who are Metal Pipe Market Key Players?

1. ArcelorMIttal S.A.
2. Compagnie de Saint-Gobain SA
3. Kaiser Aluminum Corporation
4. Northwest Pipe Company
5. Saudi Arabian Amiantit Company
6. Muller Industries, Inc.
7. Narsk Hydro ASA
8. Nippon Steel and Sumitomo Metals
9. TMK Group
10.Tenaris SA
11.Hebei Iron & Steel Group
12.Baosteel
13.Wuhan Iron & Steel Group
14.Vallourec
15.United States Steel Corporation
16.Amiantit
17.Others

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Table of content for the Metal Pipe Market includes:

Part 01: Executive Summary

Part 02: Scope of the Metal Pipe Market Report

Part 03: Global Metal Pipe Market Landscape

Part 04: Global Metal Pipe Market Sizing

Part 05: Global Metal Pipe Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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