What is Global Large Diameter Steel Pipe Market?
The Global Large Diameter Steel Pipe Market is a vast and complex industry that plays a crucial role in various sectors worldwide. This market revolves around the production and distribution of large diameter steel pipes, which are primarily used in the construction of pipelines for oil and gas, water treatment, and chemical industries. These pipes are known for their durability, strength, and resistance to harsh environmental conditions, making them an ideal choice for these industries. The market's value was estimated at US$ 15350 million in 2022, and it is expected to grow to US$ 18160 million by 2029, indicating a steady growth rate. This growth is driven by the increasing demand for these pipes in various industries, particularly in oil and gas, where they are used for the transportation of crude oil and natural gas from extraction sites to refineries and then to distribution centers.
LSAW Pipes, SSAW Pipes, Other in the Global Large Diameter Steel Pipe Market:
In the Global Large Diameter Steel Pipe Market, there are three main types of pipes: LSAW Pipes, SSAW Pipes, and Others. LSAW (Longitudinal Submerged Arc Welding) Pipes are known for their straight seam welding, which provides them with excellent strength and durability. These pipes are commonly used in oil and gas pipelines due to their ability to withstand high pressure. SSAW (Spiral Submerged Arc Welding) Pipes, on the other hand, are known for their spiral seam welding, which gives them a unique structure and makes them suitable for applications where the pipe needs to be bent or twisted. The 'Others' category includes various other types of large diameter steel pipes that are used in different applications. Each of these types of pipes has its own set of advantages and disadvantages, and their usage depends on the specific requirements of the application.
Oil & Gas, Water Treatment, Chemical Industry, Other in the Global Large Diameter Steel Pipe Market:
The Global Large Diameter Steel Pipe Market serves a wide range of industries, including Oil & Gas, Water Treatment, Chemical Industry, and Others. In the Oil & Gas industry, these pipes are used for the construction of long-distance pipelines for the transportation of crude oil and natural gas. They are preferred for this application due to their high strength and resistance to corrosion, which ensures the safe and efficient transportation of these resources. In the Water Treatment industry, large diameter steel pipes are used for the construction of water supply and sewage systems. Their durability and resistance to environmental conditions make them an ideal choice for this application. In the Chemical Industry, these pipes are used for the transportation of various chemicals and substances. Their resistance to chemical reactions ensures that the chemicals are transported safely and efficiently. The 'Others' category includes various other industries where large diameter steel pipes are used, such as construction, power generation, and manufacturing.
Global Large Diameter Steel Pipe Market Outlook:
The Global Large Diameter Steel Pipe Market is a dynamic and growing industry. In 2022, the market was valued at US$ 15350 million, and it is projected to reach US$ 18160 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 2.4% during the forecast period from 2023 to 2029. Europe is the second largest consumer of large diameter steel pipes, accounting for 24% of the global market share. This growth is driven by the increasing demand for these pipes in various industries, particularly in oil and gas, water treatment, and chemical industries. The market's growth is also supported by the ongoing advancements in manufacturing technologies, which are improving the quality and efficiency of large diameter steel pipes.
| Report Metric | Details |
| Report Name | Large Diameter Steel Pipe Market |
| Accounted market size in 2022 | US$ 15350 in million |
| Forecasted market size in 2029 | US$ 18160 million |
| CAGR | 2.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Jindal Saw, Nippon Steel, Europipe, JFE Steel Corporation, ChelPipe Group, OMK, TMK, EEW Group, Borusan Mannesmann, Severstal, EVRAZ, Arcelormittal, JSW Steel Ltd, American Cast Iron Pipe Company, Arabian Pipes Company, Kingland & Pipeline Technologies, Youfa Steel Pipe Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
