What is Structural Steel Pipe Market?
Structural steel is a category of steel used as a construction material for making structural steel shapes. A structural steel shape is a profile, formed with a specific cross section and following certain standards for chemical composition and mechanical properties. Structural steel shapes, sizes, composition, strengths, storage practices, etc., are regulated by standards in most industrialized countries.
The market study is being classified by Type (Spiral Weld Pipe, Double Submerged Arc Weld (DSAW), Electric Resistance Weld (ERW) and Seamless (SMLS)), by Application (Transportation, Water Transmission, Oil & Gas, Construction and Other) and major geographies with country level break-up.
ThyssenKrupp AG (Germany), Tata Steel (TISCO) (India), Tenaris (Luxemberg), Pohang Iron & Steel (POSCO) (Korea), CENTRAVIS (Ukraine), TUBACEX S.A (Spain), Arcelor Mittal (Luxemberg), NIPPON STEEL CORPORATION (Japan), TPCO Enterprise Inc. (United States) and BUTTING Group (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Baosteel Group (China), Outokumpu (Finland), Jiuli Group (China) and Sandvik AB (Sweden).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Structural Steel Pipe market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Structural Steel Pipe market by Type, Application and Region.
On the basis of geography, the market of Structural Steel Pipe has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Urbanization in Developing Countries
- Features Such as Reliability and Durability is Driving the Market
Market Trend
- Increasing Demand for the Transportation of Water from One Place to Another
Restraints
- High Costs Associated with the Production of Structural Steel Pipe
- High Risk of Corrosion of Carbon Steel Pipes
Opportunities
- Initiatives of Government towards the Construction Activities
- Rising Demand from the End User Industries
Challenges
- Presence of Substitute of Steel Pipes Such as Plastics and Iron
Market Leaders and some development strategies
In 2018, TATA steel has signed an agreement to acquire Usha martin a Kolkata based steel and wire rope maker. and In 2019, Tenaris S.A. has completed its acquisition of Saudi Steel Pipe Company (SSP), to expand its industrial presence in the Kingdom of Saudi Arabia
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations