What is Global Welded Steel Pipes and Tubes Market?
The Global Welded Steel Pipes and Tubes Market is a vast and dynamic sector that encompasses a wide range of products. These products are primarily used in various industries for different purposes. The market is characterized by the production of welded steel pipes and tubes, which are made by bending and welding strips or plates of steel into circular, square, or rectangular shapes. These products are then used in various applications due to their strength, durability, and versatility. The global market for these products is driven by various factors such as the increasing demand from various end-use industries, technological advancements, and the growing need for durable and high-quality products. The market is also influenced by various market trends and developments, as well as regulatory policies and economic factors.
Round Type, Square Type, Rectangle Type in the Global Welded Steel Pipes and Tubes Market:
The Global Welded Steel Pipes and Tubes Market is segmented based on the type of product, namely round type, square type, and rectangle type. Round type welded steel pipes and tubes are commonly used in various applications due to their strength and durability. They are often used in construction, industrial machinery, and other sectors. Square type welded steel pipes and tubes, on the other hand, are known for their aesthetic appeal and are often used in architectural and design applications. Rectangle type welded steel pipes and tubes are typically used in applications that require a high level of precision and accuracy. Each of these product types has its own set of advantages and disadvantages, and their usage varies depending on the specific requirements of the end-use industry.
Construction Industry, Industrial Machinery, Oil & Gas Industry, Power Industry, Chemical Industry, Others in the Global Welded Steel Pipes and Tubes Market:
The Global Welded Steel Pipes and Tubes Market finds extensive usage in various sectors such as the construction industry, industrial machinery, oil & gas industry, power industry, chemical industry, among others. In the construction industry, these products are used in various applications such as building structures, scaffolding, and others. In the industrial machinery sector, they are used in the manufacturing of various types of machinery and equipment. In the oil & gas industry, welded steel pipes and tubes are used in various stages of oil and gas production, including exploration, drilling, and transportation. In the power industry, these products are used in the construction of power plants and other related infrastructure. In the chemical industry, they are used in various processes such as the production of chemicals, pharmaceuticals, and others.
Global Welded Steel Pipes and Tubes Market Outlook:
The market outlook for the Global Welded Steel Pipes and Tubes Market is quite promising. In 2023, the market was valued at a whopping US$ 62260 million. The market is expected to grow at a steady pace, with projections indicating that it could reach a value of US$ 77900 million by 2030. This represents a compound annual growth rate (CAGR) of 3.3% during the forecast period from 2024 to 2030. This growth is expected to be driven by various factors such as the increasing demand from various end-use industries, technological advancements, and the growing need for durable and high-quality products.
| Report Metric | Details |
| Report Name | Welded Steel Pipes and Tubes Market |
| Accounted market size in 2023 | US$ 62260 million |
| Forecasted market size in 2030 | US$ 77900 million |
| CAGR | 3.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 | Youfa Steel Pipe Group, Tenaris, Zekelman Industries, VALLOUREC, China Baowu Steel Group, Nippon Steel, ChelPipe Group, APL Apollo, Arcelormittal, Hyundai Steel, JFE Steel Corporation, SeAH Holdings Corp, TMK Group, Nucor Corporation, United States Steel Corporation, Kingland & Pipeline Technol-ogies, Jiangsu Changbao Steel Tube, Hengyang Valin Steel Tube, Severstal, TPCO, Jindal Saw, Evraz, Marcegaglia, Tata Steel, Essar Steel and Ispat Industries |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
