Steel Pipes Market Segmentation:
End-User
The oil & gas segment is projected to account for 32% of the global steel pipes market share during the forecast period. The product is mostly used in distribution, process pipes, oil & gas industry applications, and oil country tubular goods (OCTG). Rising investment in the network of cross-country pipelines for the transmission of gas and oil is anticipated to drive demand for steel pipes and tubes. Global oil production exceeds four billion metric tonnes annually, with the Middle East holding about half of the proven oil reserves. Given how many uses there is for oil, it should come as no surprise that oil and gas firms rank among the biggest in the world.
Technology
Steel pipes market from the electric resistance welded (ERW) segment is predicted to hold the largest share of about 52% by the end of 2035. The growth of the segment is because of its affordable price and moderate performance. Plans by fertiliser, oil and gas, and electricity firms to build transportation pipelines will further propel the segment revenue. Additionally, due to their affordable costs and mediocre performance, ERW pipes and tubes are becoming increasingly popular. The segment's growth is also significantly aided by contemporary welding technologies like high-frequency welding, which are being incorporated into the process of creating ERW pipes and tubes.
Our in-depth analysis of the global steel pipes market includes the following segments:
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