The global Steel Pipes & Tubes Market is anticipated to value USD 231.1 billion until 2027. It is also expected to register a CAGR of 6.2% over the forecasted years, 2020 to 2027. The increasing demand for liquid fuels and the need for their transportation are projected to drive market growth.
The segment of seamless technology accounted for the highest share of around 54.0% in 2019 due to the absence of seam welds that can prevent leakage. The ERW pipes & tubes segment is also projected to register substantial growth owing to benefits like lower prices and modest performance.
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Market Synopsis of Steel Pipes & Tubes Market:
In 2019, the oil & gas application segment dominated the global market on account of rising usage of these products to transport, process, and refine crude oil to petroleum products. On the other hand, the chemicals and petrochemicals segment is projected to witness a CAGR of 5.0% from 2020 to 2027 owing to enhanced properties of such steel pipes and tubes like good oxidation and corrosion resistance.
The Asia Pacific accounted for the highest share of around 44.0% across the global market in 2019 due to the increasing presence of petroleum, manufacturing, and petrochemical sector across China, Japan, and India. North America is also anticipated to register steady growth in the upcoming years due to the discovery of non-conventional oil and gas resources across the U.S. and Canada.
The market for steel pipes & tubes across the globe includes key players such as Jindal Steel & Power Ltd. (JSPL), ArcelorMittal, Steel Authority of India Limited (SAIL), Tata Steel, and Nippon Steel Corporation. Rapid technological advances are being undertaken by these players for boosting the sale of their products.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Steel Pipes & Tubes: Market Variables, Trends & Scope
Chapter 4 Steel Pipes & Tubes: Product Estimates & Trend Analysis
Chapter 5 Steel Pipes & Tubes: Application Estimates & Trend Analysis
Chapter 6 Steel Pipes & Tubes: End-use Estimates & Trend Analysis
Chapter 7 Steel Pipes & Tubes: Industrial End-use Estimates & Trend Analysis
Chapter 8 Steel Pipes & Tubes: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Steel Pipes & Tubes: Manufacturers Company Profiles
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The global Automotive Steel Market is projected to reach USD 130.07 billion by 2025, according to Million Insights.
The market is expected to grow with the 3.2% CAGR above the forecast period, from 2019 to 2025.
Increasing demand for lightweight vehicles coupled with the expansion of production facilities in Asia Pacific is expected to drive the growth of automotive steel market over the forecast period.
Increasing demand for electric vehicles across the globe is another factor expected to propel the demand for steel material in the automotive industry.
According to the International Energy Agency, in 2017, more than 1 million cars were sold across the globe and China has accounted for over 50% sales.
Key Players:ArcelorMittalJFE Steel Corp.JSW GroupHyundai Steel Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/global-automotive-steel-market/request-sample Market Synopsis of Automotive Steel Market: Europe is one of the largest regions for vehicle production and contributes to 6.85% of its GDP in the automotive industry.
The newest addition to the rich archive of business intelligence reports of Fact.MR is a study on the Global Endoscopic Clips market for the forecast tenure of 2020 to 2026.
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Global Sourdough Market Research Report 2021-2028The Sourdough Market research report study the market position worldwide, from different angles, such as from the geological regions, key player’s point, types of product, and application.This Sourdough market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.The sourdough market is expected to witness market growth at a rate of 5.8% in the forecast period of 2021 to 2028.
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The Report, Wind Tower Market is thoroughly examined, including the market's area.
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Global Fluid Conveyance System Market Report explores the essential factors of the Fluid Conveyance System market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario.
The Global Fluid Conveyance System market has been separated by this report based on the key player's profiles, Type, Application and Regions.A hydraulic system employed for any particular end use is only as capable as the fluid conveyance system it comprises of.
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The global fluid conveyance systems market is expected to grow steadily through the forecast period owing to the rising end-use industry activities.Read More @ https://www.marketwatch.com/press-release/fluid-conveyance-system-market-size-development-key-opportunity-application-gross-revenues-2025-2019-12-05
ReportCrux Market Research has published a new report titled “Cannabis Extract Market Segmented by Product (Tinctures, Oils); by Extract type (Cannabis Isolates, Full spectrum); by Type of nature (Conventional, Organic); by Distribution (Indirect, Direct); by Application (Pharmaceutical, Textile & Paper, Cosmetics and Other) and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027”.
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This is expected to rise the demand for tinctures in the future and hence is expected to grow at the faster CAGR of 15.6% during the forecast period of 2020 to 2027.
The full spectrum segment dominated the market.
