The Carbon Steel Pipe Fittings Global Market Report 2023, provides comprehensive information on the carbon steel pipe fittings market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global carbon steel pipe fittings market size is expected to grow from $6.56 billion in 2022 to $6.97 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global carbon steel pipe fittings market size is expected to reach $8.59 billion in 2027 at a CAGR of 5.4%.
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Technological advancements are the key trends gaining popularity in the carbon steel pipe fittings market. Major companies operating in the carbon steel pipe fittings market are adopting new technologies to strengthen their position in the market. For instance, in March 2023, NIBCO Inc., a US-based provider of flow control solutions, adopted press technology for fuel and gas carbon steel pipe applications to expand its BenchPress G carbon steel fittings line to incorporate and launch 2-inch diameters into its current product lineup. The BenchPress G press technology enables quick and affordable installation of carbon steel piping systems for residential, commercial, and industrial usage. It also provides users with consistent joint integrity and a polished look. It provides a simpler, cleaner, and faster installation process because it doesn’t call for threading tools or lubricants.
The carbon steel pipe fittings market is segmented:
1) By Type: Hot-Rolled Steel Pipes, Cold-Rolled (Drawn) Steel Pipes
2) By Application: Oil and Gas, Chemicals and Petrochemicals, Construction and Infrastructure, Industrial
3) By Distribution Channel: Online, Offline
Asia-Pacific was the largest region in the carbon steel pipe fittings market in 2022.
The table of contents in TBRC’s carbon steel pipe fittings market report includes:
- Executive Summary
- Carbon Steel Pipe Fittings Market Characteristics
- Carbon Steel Pipe Fittings Market Trends And Strategies
- Carbon Steel Pipe Fittings Market – Macro Economic Scenario
- Carbon Steel Pipe Fittings Market Size And Growth
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- Middle East Carbon Steel Pipe Fittings Market
- Africa Carbon Steel Pipe Fittings Market
- Carbon Steel Pipe Fittings Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Carbon Steel Pipe Fittings Market
- Carbon Steel Pipe Fittings Market Future Outlook and Potential Analysis
Top Major Players
- Awaji Materia Co. Ltd.
- Bassi Luigi and C. S.p.A
- Delcorte SAS
- Erne Fittings GmbH
- E.G.A. S.p.A.
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