Steel Pipe Market Size in 2023 | Growth Status

The Iron And Steel Pipe And Tube Global Market Report 2023, provides comprehensive information on the iron and steel pipe and tube 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.

Learn More On The Iron And Steel Pipe And Tube Market’s Growth:

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As per The Business Research Company’s Iron And Steel Pipe And Tube Global Market Report 2023, the market size is expected to grow from $194.89 billion in 2022 to $202.84 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. 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 iron and steel pipes and tubes market size is expected to reach $229.78 billion in 2027 at a CAGR of 3.2%.

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Technological advancement is the key trend gaining popularity in the iron and steel pipes and tubes market. Major companies operating in the iron and steel pipes and tubes market are focused on developing innovative products to strengthen their position in the market. For instance, in February 2021, Hypertherm Inc., a US-based manufacturer of cutting equipment and accessories, launched a software called Rotary Tube Pro 3, a tube and pipe cutting software for machines with a rotary axis. It involves cutting along a common line and enables operators to separate two or more parts that provide greater material utilization and better consumable life.

The iron and steel pipe and tube market is segmented:

1) By Type: Seamless Pipes And Tubes, Welded Pipes And Tubes

2) By Material: Steel And Alloys, Cooper And Alloys, Aluminum And Magnesium Alloys, Nickel And Alloys, Other Materials

3) By End-Users: Oil And Gas, Power Generation, Automotive, Aviation, Construction, Process Industry, Other End Users

Asia-Pacific was the largest region in the iron and steel pipe and tube market in 2022.

The table of contents in TBRC’s iron and steel pipe and tube market report includes:

1. Executive Summary
2. Iron And Steel Pipe And Tube Market Characteristics
3. Iron And Steel Pipe And Tube Market Trends And Strategies
4. Iron And Steel Pipe And Tube Market – Macro Economic Scenario
5. Iron And Steel Pipe And Tube Market Size And Growth

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26. Africa Iron And Steel Pipe And Tube Market
27. Iron And Steel Pipe And Tube Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Iron And Steel Pipe And Tube Market
29. Iron And Steel Pipe And Tube Market Future Outlook and Potential Analysis
30. Appendix

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