This report segments the Galvanized Pipe Fittings Market by End User (Non-Residential & Residential) and Geography (Asia Pacific, North America, Europe, MEA & South America)
NEW YORK, July 6, 2022 /PRNewswire/ — Galvanizing is a process of applying a protective zinc coating to steel or iron pipes to prevent rusting.Galvanized pipes are widely used in the oil and gas and construction industries as well as in water and wastewater treatment plants.
According to Technavio’s latest report on the galvanized pipe fittings market, the market size is expected to grow by USD 1.36 billion from 2020 to 2025.Moreover, the market’s growth momentum will accelerate at a CAGR of 7.68% during the forecast period.
The increase in deepwater and ultra-deepwater projects is a major factor behind the growth of the galvanized pipe fittings market.Global oil resources are depleting, and the global economy is highly dependent on fossil fuels.This has led to exploration and production activities in uncharted territory, which in turn has increased reliance on deepwater and ultra-deepwater exploration operations.
The economic advantages of pipeline transportation in the oil and gas industry are driving the galvanized pipe fittings market.Low perceived risk during transport is one of the advantages.By contrast, using road and rail tankers to transport oil and gas is risky.These factors will support market growth.
Uncertain macroeconomic conditions are challenging the galvanized pipe fittings market.The construction industry is highly dependent on national and regional macroeconomic conditions.Currently, countries such as the United States are facing a period of economic slowdown and turmoil, which has adversely affected businesses.Other factors include fuel and other energy costs, the state of the nonresidential real estate market, labor and health care costs, access to credit, and other macroeconomic factors.
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AB Alvenius Industrier – This company offers fittings for all applications, such as spools, valves, reducers and end caps, flange connectors, tees, etc.
American Piping Products Inc. – This company provides different kinds of pipes such as seamless carbon pipes, cryogenic pipes, alloy pipes and seamless stainless steel pipes.
Detroit Nipple Works Inc. – This company provides galvanized pipe fittings for hex bushings, bell reducers, reducing tees, street pipes, plugs, caps, and more.
Improved Pipe Products Company – This company offers galvanized pipe fittings for stainless steel rings, polypropylene encapsulated ductile iron, flange adapter fittings, and more.
Missouri Pipe Fittings Co. – This company provides galvanized pipe fittings namely ASTM A351, ASTM A182 and ASTM A403.
Detailed information on factors that will contribute to the growth of the galvanized pipe fittings market over the next five years
Growth of Galvanized Pipe Fittings Market in Asia Pacific, North America, Europe, MEA and South America
Comprehensive details of factors that will challenge the growth of suppliers in the Galvanized Pipe Fittings Market
Oil and Gas Pipeline and Transportation Automation Market by Application and Geography – Forecast and Analysis 2022-2026
AB Alvenius Industrier, American Piping Products Inc., Detroit Nipple Works Inc., Improvement Piping Product Inc., Missouri Pipe Fittings Co., Morrill Industries Inc., Mueller Industries Inc., Quality Pipe Products Inc., Smith-Cooper International Inc. , 和 TUBESPEC
Parent market analysis, market growth drivers and barriers, fast-growing and slow-growing segments analysis, COVID 19 impact and future consumer dynamics, market conditions analysis during the forecast period.
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