Global Carbon Steel Pipe Market Overview:
Carbon steel pipe is used as the base pipe of bimetallic combination piping, which has an internal liner made of titanium alloy steel, stainless steel, copper or aluminum, and other material. This has high mechanical performance, high weldability, high operational convenience, and high safety, and high corrosion resistance. Carbon steel pipe combines with surface coating technology that has low cost and wide usable range with a corrosion-resisting alloying technique that has complete structure and high tightness of material, so it has high applicability in various industries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Use of Premium and Technically Advanced Pipe by Dopeless Technology and Rising Focus on Pipe Strength and Durability with Use of Cold Finished Carbon Steel Pipe
Market Growth Drivers:
The increasing chemical process industry across the world is the major driving factor growth of the global carbon steel pipe market. Chemical Industry contributes significantly to the economic development and growth of various key sectors in the developing economies such as automotive, construction, electronics, health care, textiles, and FMCG.
Challenges:
Issue Related Towards any Manufacturing Defects of Carbon Steel Pipe Lines
Restraints:
Fluctuating Raw Material Prices is Hindering the Market Growth
Opportunities:
Increasing Demand of Carbon Steel Pipe in Oil and Gas Industry and Growth in Chemical and Fertilizer Industry mostly in Asia-Pacific
Competitive Landscape:
Market players are focusing on providing Carbon Steel Pipe with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Carbon Steel pipes. The market is fragmented owing to the presence of several international and domestic providers. The high focus on offering cost-effective product offerings. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market.
Some of the key players profiled in the report are Tenaris S.A. (Luxembourg), OAO TMK (Russia), Vallourec (France), Interpipe (Ukraine), ArcelorMittal (Luxembourg), Nucor (United States), United States Steel (United States), Nippon Steel Corporation (Japan), American Piping Products Inc. (United States) and Continental Steel & Tube Company (United States). The Vendors having a strong hold in the market are Tenaris S.A., OAO TMK , Vallourec, and Interpipe. Additionally, following companies can also be profiled that are part of our coverage like Metline Industries (India), ZK International Group Co., Ltd. (China), Baosteel (China), Hunan Standard Steel (China), Liaocheng TianRui Steel Pipe (China) and Bhagwati Steelage (India). Analyst at AMA Research see European and United States Vendors to retain maximum share of Global Carbon Steel Pipe market by 2028. Considering Market by Size, the sub-segment i.e. 1/2 to 1 Inch NB will boost the Carbon Steel Pipe market. Considering Market by Schedule, the sub-segment i.e. SCH 20 will boost the Carbon Steel Pipe market. Considering Market by Grade, the sub-segment i.e. Grade A will boost the Carbon Steel Pipe market.
Latest Market Insights:
In 2020, Nippon Steel & Sumitomo Metal Corporation launched a new range of high-strength, high-toughness carbon steel pipes for use in oil and gas pipelines.
What Can be Explored with the Carbon Steel Pipe Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Carbon Steel Pipe Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Carbon Steel Pipe
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Carbon Steel Pipe market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Carbon Steel Pipe market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Carbon Steel Pipe Manufacturers, Carbon Steel Pipe Suppliers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.