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Steel Pipes & Tubes Market Size Worth $231.1 Billion By 2027

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.

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Steel Pipes & Tubes Market Size Worth $231.1 Billion By 2027

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  1. Steel Pipes & Tubes Market Size Worth $231.1 Billion By 2027 “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 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. 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. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-steel-pipes-tubes-market/request-sample

  2. Further key findings from the report suggest: • In 2019, the seamless technology segment dominated the global steel pipes and tubes market. • The chemicals and petrochemical segment accounted for the significant CAGR of 5.0% from 2020 to 2027. • Asia Pacific accounted for the highest share of around 44.0% across the global market in 2019. • The key players operating in this market are Jindal Steel & Power Ltd. (JSPL), ArcelorMittal, Steel Authority of India Limited (SAIL), Tata Steel, and Nippon Steel Corporation. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-steel-pipes-tubes-market Million Insights has segmented the global steel pipes & tubes market on the basis of technology, application, and region: Steel Pipes & Tubes Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • Seamless • ERW • SAW Steel Pipes & Tubes Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • Oil & Gas • Chemicals & petrochemicals • Construction

  3. • Automotive & transportation • Mechanical engineering • Power plant • Others Steel Pipes & Tubes Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027) • North America • The U.S. • Europe • Germany • Russia • Turkey • Asia Pacific • China • India • Central & South America • Brazil • The Middle East & Africa • Iran See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/glass

  4. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

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