Dublin, Dec. 05, 2023 (GLOBE NEWSWIRE) — The “Large Diameter Steel Pipe – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global large-diameter steel pipe market is expected to reach US$17.0 billion by 2030. The global large-diameter steel pipe market is expected to be valued at US$13.1 billion in 2022 and to reach US$17.0 billion by 2030. CAGR 2022-2030 for the analyzed period, the growth rate was 3.2%. LSAW pipes are one of the market segments analyzed in the report and are expected to grow at a CAGR of 2.3% to reach US$8.8 billion by the end of the analysis period. The Ssaw Pipes sector is expected to grow at a compound annual growth rate of 4.3% over the next eight years.
The report discusses the competitive landscape of the large diameter steel pipe market and provides insight into key innovations. It also presents the market share of key global competitors in 2023 and classifies the presence of global players in the competitive market as strong, active, niche or insignificant.
Before going any further in the market, let us first highlight the importance of steel as the main raw material for large diameter steel pipes. The report provides information on the leading steel companies in 2022 with percentage shares by production volume. The report highlights the impact on steel prices from disruptions in steel production in Ukraine and reduced scrap supplies from Russia and Ukraine. It provides global hot rolled coil (HRC) prices from 2019 to 2022.
In addition, the report shows the ubiquity of pipelines in civil and industrial infrastructure. It defines large diameter steel pipes and describes their types, classifications and properties. The benefits of large diameter steel pipes in various projects are also discussed.
Finally, the report highlights the latest market developments related to large diameter steel pipes. In addition, the report also highlights key players in this field, including ArcelorMittal SA, Borusan Mannesmann Boru Sanayi ve Ticaret AS and others. The US market is valued at US$2.1 billion, while China’s large-diameter steel pipe market is expected to grow at a CAGR of 3.7%. China, the world’s second largest economy, is expected to reach a market size of US$6.4 billion by 2030, with a CAGR of 3.7% during the 2022 analysis period. 2030. Other geographic markets of note include Japan and Canada, which are expected to grow 2.1% and 2.5%, respectively, between 2022 and 2030. In Europe, Germany is expected to grow at an average annual growth rate of approximately 2.4%. What’s new?
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Post time: Feb-22-2024