Welded Steel Pipe Market was valued at USD 50 Billion in 2022 and is projected to reach USD 75 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The global welded steel pipe market was valued at approximately USD 80 billion in 2022. The market is expected to experience a compound annual growth rate (CAGR) of about 5.5% from 2023 to 2028. This growth is driven by increasing demand from various sectors including construction, automotive, and infrastructure development. The expansion of urban areas and industrialization in emerging economies are major factors contributing to the rising demand for welded steel pipes. Additionally, advancements in welding technology and the growing preference for high-strength steel products are anticipated to further boost market growth.
Opportunity analysis reveals significant potential in regions such as Asia-Pacific, where rapid industrialization and urbanization are creating substantial demand for welded steel pipes. Emerging markets in countries like India and China are projected to be key growth drivers, supported by government infrastructure projects and investments in industrial infrastructure. Furthermore, the increasing focus on energy efficiency and sustainable construction practices presents new opportunities for market players to develop innovative and high-performance steel pipe solutions. This dynamic environment is expected to create lucrative prospects for stakeholders throughout the forecast period.
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CENTRAVIS
Tenaris
Bao Steel
AN Steel
Jiangsu ChengDe Steel Tube Share Co
Tianjin Pipe Corporation
Suzhou Boxin
Hunan Great Steel Pipe Co
Pearlite Steel
MST
Bri-Steel Manufacturing
RATNAMANI
JFE Steel
Shanghai Metal Corporation
Hengyang Valin Steel Tube Co
Hunan Standard Steel Co
Hebei Zhonghai Steel Pipe Manufacturing Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Welded Steel Pipe Market
Ships
Boiler
Construction
Oil & gas
Others
Based on Types the Market is categorized into Below types that held the largest Welded Steel Pipe market share In 2023.
Cold Drawing Processing Technique
Hot Rolling Processing Technique
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Welded Steel Pipe Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Welded Steel Pipe Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Welded Steel Pipe Market, By Type
6. Global Welded Steel Pipe Market, By Application
7. Global Welded Steel Pipe Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Welded Steel Pipe Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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