According to the latest data from accredited research and consulting firm Future Market Insights ESOMAR, the global stainless steel welded pipe market is expected to reach $16.36 billion in 2021 with stable long-term forecasts. The report analyzes over 20 fast growing markets and provides details on the growth of the stainless steel welded pipe market over the next decade.
During the COVID-19 outbreak, demand for welded stainless steel pipes declined as operations in construction, automotive, water and distribution, oil and gas, petrochemicals and fertilizers, energy and other industries were hampered. However, the long-term outlook for the market remains positive, given that many countries are likely to stimulate infrastructure projects.
The surge in demand for welded stainless steel pipes in areas such as oil and gas due to the presence of oil rigs around the world will remain a key driver of growth. A large number of pipes are required to transport liquids from one place to another, which will increase sales in the market. The same is true for the water supply and distribution sector as demand is expected to rise sharply as the need for uninterrupted water supply continues to grow.
Replacing old pipes with new stainless steel pipes can also boost sales of stainless steel pipes. Significant growth in demand from global suppliers and end-use industries is driving growth in the welded stainless steel pipe market.
The use of welded stainless steel pipes in construction, automotive and power generation will create significant growth opportunities. The construction industry is expected to account for nearly 29% of market sales by 2031, according to FMI. Future investment in residential, commercial and infrastructure construction projects will increase, paving the way for market expansion.
• The market for welded stainless steel pipe is expected to grow at a CAGR of 4.6% per annum from 2021 to 2031. • Investment in construction projects will remain the main growth driver in the US, which accounts for almost 72% of sales in North America. America • Emphasis on improving public infrastructure Will boost the UK market at a CAGR of 5.5% between 2021 and 2031 • India is expected to increase investment in water supply and distribution to ensure safe drinking water for all citizens and support industrialization .This will create an attractive sales opportunity for welded stainless steel pipes • China will become a lucrative market in East Asia with the largest sales of welded stainless steel pipes.
“As competition continues to intensify, companies operating in the market can adopt strategies to strengthen their global footprint. In addition to expanding operations in developing countries, they can focus on higher quality welded stainless steel pipe to gain a competitive edge,” the message says. FMI Analyst.
The welded stainless steel pipe market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. However, since this is a mature market, companies are expected to focus more on research and development to develop more in the field of construction, oil and gas and water supply and distribution, mainly focusing on the outer diameter required for specific applications. However, as this is a mature market, companies are expected to continue to focus on research and development for new developments in construction, oil and gas, and water and distribution, with a focus on OD required for specific applications. Cooperation with local players and the development of new technologies in the form of advanced welded stainless steel pipes are the main strategies that are expected to grow in popularity over the forecast period.
The market is fragmented, with major players accounting for about one-fifth of the market share. These players are likely to invest in new technology development and network expansion to maintain their market share. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal SA, Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., FER Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co., Ltd., Foshan Zhongde Stainless Steel Co., Ltd. & others. & others. Некоторые из ключевых игроков на рынке: Marcegaglia, Sosta GmbH & Co. Some of the key players in the market are: Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal SA, Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., FER Fischer Edelstahlrohre GmbH. , YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co., Ltd., Foshan Zhongde Stainless Steel Co., Ltd. and others.市场上的一些主要参与者是Marcegaglia、Sosta GmbH & Co.市场上的一些主要参与者是Marcegaglia、Sosta GmbH & Co. KG 、 arcelormittal sa 、 日铁 、 现代 有限 公司 、 山特维克 山特维克 、 上海 金属 、 、 frich Enterprise Co., Ltd. 、 Fer Fischer Edelstahlrohre GmbH 、 JFE STEEL CERPORATION 珠江 CSM TUBE SPA钢管有限公司、广东利兹钢管有限公司、佛山中德不锈钢有限公司等。 Некоторые из ключевых игроков на рынке: Marcegaglia, Sosta GmbH & Co. Some of the key players in the market are: Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal SA, Nippon Steel, Hyundai Steel Co., Ltd., Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., FER Fischer Edelstahlrohre. GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Zhujiang Petroleum Steel Pipe Co., Ltd., Guangdong Liz Steel Pipe Co., Ltd., Foshan Zhongde Stainless Steel Co., Ltd. etc.
• Series 300 o 304, 304L and 304H o 309 and 310S o 316, 316L, 316H, 316TI o 321/321H o 347/347H • Series 400 o 409 o 410/410S • Series 900 • Nickel Alloy Duplex o Duplex 2200
• Construction • Automotive • Water and distribution • Oil and gas • Petrochemicals and fertilizers • Power generation • Other
• North America • Latin America • Europe • East Asia • South Asia and the Pacific • Middle East and Africa
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Future Market Insights, an ESOMAR-accredited market research organization and a member of the Greater New York Chamber of Commerce, provides detailed insights into the factors driving market demand. It reveals growth opportunities in different segments over the next 10 years depending on source, application, sales channel and end use.
According to FMI, the welded stainless steel pipe market is expected to grow at a staggering 4.4% per annum until 2031. The first post was Future Market Insights.
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