Press release
Coated Carbon Steel Pipe Market Expected to Hit USD 3.8 Billion by 2031: | Top key players - Hunan Prime Steel Pipe Co., Ltd, JFE Steel Corporation, Vallourec.
The Global Coated Carbon Steel Pipe Market reached US$ 1.2 billion in 2023 and is expected to reach US$ 3.8 billion by 2031, growing with a CAGR of 15.5% during the forecast period 2024-2031.The Coated Carbon Steel Pipe Market, as examined by DataM Intelligence, provides a thorough industry overview enriched with detailed insights, historical data, and essential statistics. The report extensively explores market dynamics and competitive landscapes, featuring profiles of leading companies, their product offerings, pricing strategies, financials, growth plans, and geographic footprint.
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The Coated Carbon Steel Pipe Market refers to the industry focused on manufacturing and distributing carbon steel pipes with protective coatings. These coatings, including fusion bonded epoxy, polyethylene, and others, enhance corrosion resistance, durability, and performance in harsh environments. The market serves various sectors such as oil & gas, water treatment, construction, and chemical processing, ensuring efficient fluid transportation systems.
Prominent Industry players in the Coated Carbon Steel Pipe Market
The prominent players in Coated Carbon Steel Pipe market research report are: Nippon Steel Corporation, Tenaris S.A., United Steel Industry Co., Ltd, Hunan Prime Steel Pipe Co., Ltd, JFE Steel Corporation, Vallourec, Arabian Pipes Company, Borusan Mannesmann, American SpiralWeld Pipe Company and Aesteiron Steels LLP.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Industry News
On November 30, 2023, Tenaris, a Luxembourg-based steel tube manufacturer, announced the acquisition of Mattr's pipe coating business unit for US$182.6 million. The deal includes nine facilities across the U.S., Canada, Mexico, Norway, Indonesia, and the UAE, significantly expanding Tenaris's global footprint. Along with the production sites, the acquisition grants Tenaris access to a diverse product portfolio, valuable intellectual property, and R&D centers in Canada and Norway, strengthening its position in the energy infrastructure and pipeline services sector.
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Market Segments
By Type: FBE (Fusion Bond Epoxy) Coated Pipe, Epoxy Coated Carbon Steel Pipe, PE Coated Pipe, 2PE Coated Pipe, 3PE Coated Pipe, PP Coated Pipe, Others.
By Application: Natural Gas, Petroleum, Water & Sewege, Pipe Systems, Others.
By End-User: Oil and Gas, Chemicals, Water Treatment, Construction, Automotive, Others.
The Coated Carbon Steel Pipe industry is undergoing swift expansion, fueled by breakthroughs in medical technology, growing demand for cutting-edge therapies, and an increasing emphasis on patient-centric care. As the sector advances, in-depth market analysis is essential to track evolving trends, regulatory developments, and new opportunities.
Regions Covered:
The global Coated Carbon Steel Pipe Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
FAQs:
✒ What is driving the growth of the Coated Carbon Steel Pipe Market?
✒ Who are the prominent players in the Coated Carbon Steel Pipe Market?
✒ How is the regulatory landscape affecting the Coated Carbon Steel Pipe Market?
✒ What regions are expected to see the highest growth?
✒ What are the key challenges faced by the Coated Carbon Steel Pipe Market?
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