Asia-Pacific is expected to witness moderate growth in the global welded pipes market during the forecast period: MRFR

On the basis of region, the global welded pipes market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific dominated the global market, followed by North America, primarily due to the growing demand from end-use industries, mainly in China and India. Moreover, the construction industry in Asia-Pacific is also growing due to the growth in the number of construction projects, which drives the welded pipes market in the region. Moreover, growth of the automotive and power generation industry in Asia-Pacific with the rise in the global population and the accelerating economy, leading to the growth of the welded pipes.

The global welded pipes market is expected to witness 4.4% CAGR during the forecast period and is expected to be valued at USD 180.8 Billion by the end of the forecast period.

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The carbon steel segment is set to occupy a large share of the global welded pipes market: MRFR

On the basis of material, the global market has been segmented as carbon steel, stainless steel, and alloy steel. The carbon steel segment is expected to witness high growth during the forecast period. Carbon steel are the prefered materials for welded pipes due to the various advantages associated with it, such as durability, corrosion resistance, cost-effectiveness, and high tensile strength.

The process pipes segment is expected to occupy a large share of the global welded pipes market: MRFR

On the basis of type, the global market has been segmented as process pipes, mechanical tubes, heat exchanger tubes, structural tubes, hydraulic instrumentation tubes, and others. The process pipes segment is expected to witness high growth during the forecast period. Process pipes are used for processing liquids, chemicals, fuels, gases or other raw materials into a usable product. Growing process industries across the world drive the process pipes segment.

On the basis of application, the global welded pipes market is segmented as oil gas, power generation, infrastructure construction, automotive, mechanical engineering, and others. The oil gas segment is expected to witness moderate growth rate during the forecast period. The welded pipes are extensively used in oil gas in industry for delivering oil or gas from the source to processing plants or storage tanks connected to individual wells in the ground. Moreover, in power generation, welded tubes are used as boiler pipes and tubes, operating at very high pressures and temperatures for long periods of time. High demand from the oil gas and power generation industry, with the rising global population, leading to the demand for welded pipes.

Key Players

The prominent players in the global Welded Pipes Market are ArcelorMittal (Luxembourg), Associated Tube Group (Canada), EVRAZ plc. (Russia), Tenaris SA (US), WELDED TUBE OF CANADA CORP. (US), Marmon/Keystone Canada Inc. (US), Sandvik AB (Sweden), Benteler International AG (Austria), US Steel Tubular Products (Canada), and Welded Tubes, Inc. (US). AK Tube LLC (US), Hi-Tech Metal Tubes (India), Napsteel (Canada), TUBACEX S.A. (Spain), and AMETEK Inc. (US) are some of the other key players operating in the global welded pipes market.

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