The global stainless steel welded pipe market was predicted to be worth US$ 2.8 billion in 2022. Stainless steel’s outstanding physical and chemical features, such as high ductility, resilience to high-temperature ranges, and corrosion resistance, have permitted favorable sales growth. This has resulted in a projected total of US$ 8.9 billion by 2033, with a CAGR of 4.7% from 2023 to 2033.
In recent years, the stainless steel welded pipe market has grown quickly. This growing trend is anticipated to continue due to increased demand from the construction and automotive industries. Petrochemical and fertilizer manufacturing, oil and gas production, as well as water supply and distribution, are additional industries that use stainless steel welded pipes. Positive sales growth has been made possible by stainless steel’s strong physical and chemical qualities, including high ductility, resilience to high-temperature ranges, and corrosion resistance.
Stainless steel welded pipe sales increased at a 1.2% CAGR between 2016 and 2021, according to FMI. COVID-19 has caused significant output and supply disruption in all manufacturing industries across multiple regions. The pandemic has also reduced the annual growth rate of stainless steel and its derivatives, such as stainless steel welded pipes. Because of the COVID-19 pandemic, the stainless steel welded pipe market has been severely impacted by a slowdown in non-essential item sales and a tightening of liquidity.
Request For Sample Report: Elevate Your Industry Intelligence with Actionable Insights
https://www.futuremarketinsights.com/reports/sample/rep-gb-7392
Regional Analysis:
The U.S. stainless steel welded pipe market is expected to rise at 4.4% CAGR between 2021 and 2031. Growth forecast for the U.S. market remains positive on account of the increasing demand from the automotive industry and construction industry. The U.S. automotive industry not only produces vehicles for domestic sales, but also exports vehicles, and to fulfill the demand auto industry players have to manufacture efficiently. Stainless steel welded pipes are used for making mufflers and exhausts in the automotive industry, which propels the growth of the stainless steel welded pipe market in the United States.
Competitive Landscape
The stainless steel welded pipe market is highly competitive, with the presence of a large number of players in the market. Some of the players are focusing on carving out a niche for specific consumers. The market has robust partnerships throughout the value chain, with high focus on innovations. Manufacturers are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base. Brand consciousness and aggressive marketing make it challenging for new entrants in this market. Through these developments, companies are aiming at gaining a competitive advantage.
Some of the leading companies operating in the market are:
Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd.
Gain Immediate Access to Detailed Market Insights: Purchase Now to Uncover Segment-specific Information, Identify Key Trends, Drivers, and Challenges
https://www.futuremarketinsights.com/checkout/7392
Stainless Steel Welded Pipe Market
By Grade
- 300 Series
- 304, 304L & 304H
- 309 & 310S
- 316, 316L, 316H, 316TI
- 321/321H
- 347/347H
- 400 Series
- 409
- 410/410S
- 900 Series
- Nickel Alloy Grade
- Duplex 2205
- Duplex 2207
By Application
- Construction
- Automotive
- Water Supply and Distribution
- Oil and Gas
- Petrochemical and Fertilizers
- Power Generation
- Others
By Outer Diameter
- 4 – 36mm
- 36 – 60 mm
- 61 – 150 mm
- 151 – 500 mm
- 500 – 1000 mm
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
