![Global Cold Drawn Seamless Steel Pipes Market](https://res.cloudinary.com/devmoveo/image/upload/v1706607115/skyquest/report/phpl8CnKS.jpg)
Report ID: SQMIG20C2078
Report ID:
SQMIG20C2078 |
Region:
Global |
Published Date: February, 2024
Pages:
281
|
Tables:
127 |
Figures:
77
Globally, Asia Pacific dominated the cold drawn seamless steel pipes market and is expected to maintain its dominance throughout the forecast period. Rapid growth in industrialization and extensive rise in the transportation sectors coupled with the growing oil & gas industry are key factors projected to drive the growth of the regional market. Moreover, a tremendous rise in the construction projects mainly in developing countries including India and China are likely to boost the demand for seamless steel pipes in the region.
The North America market is witnessing growth at fastest CAGR during the forecast period owing to high usage of these pipes in automotive sector applications like automobile exhausts systems, cylinder blocks, liquid storage cylinders, and high-strength fasteners. In addition, high technological advancements and presence of many large market players such as American Piping Products Inc., U.S. Steel Tabular Products Inc., and Chicago Tube and Iron Company are likely to have a positive impact on the demand and growth of the regional market over the coming years. For instance, American Piping Products Inc., announced the expansion of its North Houston Rosslyn steel pipe yard and processing center. The new expansion will add approximately 10 acres to the existing facility.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONCold Drawn Seamless Steel Pipes Market size was valued at USD 72451.7 million in 2019 and is poised to grow from USD 75859.22 million in 2023 to USD 110824.81 million by 2031, growing at a CAGR of 4.83% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG20C2078